Megawide’s PH1 secures P1.25 billion Chinabank loan
By Richmond Mercurio | The Philippine Star | August 11, 2025
The loan deal marks the first partnership between PH1 and Chinabank, reflecting both companies’ confidence in the long-term potential of eastern Metro Manila’s real estate corridor. STAR / File
MANILA, Philippines — Megawide Construction Corp.’s property development arm PH1 World Developers has secured a P1.25-billion loan from China Banking Corp. to fund the ongoing development of a mid-rise residential condominium project in Rizal.
The loan deal marks the first partnership between PH1 and Chinabank, reflecting both companies’ confidence in the long-term potential of eastern Metro Manila’s real estate corridor.
“This partnership is more than just about financing. It’s a vote of confidence in our vision and ability to deliver exceptional living spaces,” PH1 president Gigi Alcantara said.
“Even amid market headwinds, Chinabank recognized the long-term value we’re building at Modan Lofts Ortigas Hills. This brings us closer to our mission of delivering the first-world living experience to every Filipino,” she said.
Modan Lofts Ortigas Hills in Taytay spans a total gross floor area of 17,901 square meters.
Launched in 2022, the project is master-planned to include three mid-rise towers, each rising over 20 floors with more than 300 residential units.
Modan Lofts Ortigas Hills is targeted for mobile professionals, young families and investors, with prices ranging from P5 million to P9 million.
PH1 said that the area where the project is situated is increasingly seen as a viable residential alternative to Metro Manila’s core, bolstered by future infrastructure projects such as the MRT-4 line, which will further improve connectivity and catalyze growth in the region.
“With its lower land costs and rising commercial activity, Taytay is positioning itself as a next-generation growth hub for residents and investors alike,” the company said.
Source: The Philippine Star
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