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8990 Housing Development Corporation (Philippines)

Main Activities: Real Estate
Full name: 8990 Housing Development Corporation Profile Updated: February 03, 2025
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

8990 Housing Development Corporation is a Philippines-based property development company and a key operating subsidiary of 8990 Holdings, Inc., focused on mass housing and affordable residential projects. The company is engaged in the development, construction, and sale of horizontal subdivision projects and mid-rise condominium communities targeted at the economic and low-to-middle-income segments of the housing market. Operating under the “Deca Homes” and “Urban Deca Homes” brands, 8990 Housing Development Corporation offers house-and-lot units and condominium units designed to be affordable and accessible to first-time homebuyers and families with modest incomes. Its projects incorporate standardized yet scalable designs, often using prefabricated or proprietary construction systems to reduce building time and cost while maintaining structural quality. The company's developments typically include community amenities such as clubhouses, swimming pools, sports facilities, open spaces, and, in some flagship projects, lifestyle attractions such as wake parks, thereby enhancing the overall value proposition for residents. Geographically, 8990 Housing Development Corporation has a nationwide footprint, with large-scale housing projects in key growth corridors across Luzon, Visayas, and Mindanao, including areas in Metro Manila's peripheries, Central Luzon, Southern Luzon, Cebu, Iloilo, Davao, General Santos, and other emerging urban centers. The company integrates its real estate development with in-house or partner-provided financing solutions, including installment schemes and tie-ups with government housing finance institutions and banks, to improve affordability and accessibility for its target market. Strategically, 8990 Housing Development Corporation positions itself as a scale-driven, vertically integrated mass housing developer, focusing on landbank acquisition in strategic locations, standardized design and construction processes, and efficient project rollouts. Its objective is to address the Philippine housing backlog through high-volume production of affordable units while achieving attractive returns via cost-efficient construction, integrated financing, and disciplined capital allocation.

Legal Address
8990 Building, Negros Street, Cebu Business Park, Cebu City
Cebu City; Cebu; Postal Code: 6000

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Basic Information
Total Employees:
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Financial Auditors:
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Incorporation Date:
March 20, 2003
Key Executives
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Chairman
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Chairman Emeritus
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President/CEO
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Other
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Chief Operating Officer
Ownership Details
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100%
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Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PHP. Absolute financial data is included in the purchased report.
Net sales revenue
20.77%
Total operating revenue
23.07%
Operating profit (EBIT)
1.5%
EBITDA
1.5%
Net Profit (Loss) for the Period
-2.4%
Total Assets
4.11%
Total Equity
6.68%
Operating Profit Margin (ROS)
-8.12%
Net Profit Margin
-6.7%
Return on Equity (ROE)
-1.41%
Debt/Equity
-7.77%
Quick Ratio
0.23%
Cash Ratio
0.05%

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