8990 Holdings
Mariano D. Martinez (Chairman of the Board)
Ian Norman Evaristo Dato (Director)
Luis N. Yu (Chairman Emeritus)
Summary
8990 Holdings is a real estate developer based in the Philippines that offers developers primarily residential and commercial subdivisions, horizontal and vertical developments, and house and lot packages to the masses. A short-lived government project intended to provide homes for families inspired the 8990 Holdings, Inc. vision of quality and affordable housing for every hardworking Filipino.
That dream started small in 1991 with Villa Candida, a residential development in Cagayan de Oro, and transformed into what it is now today – the leading mass housing company in the Philippines.
Staying true to its vision of building decent shelter for Filipinos, 8990 Holdings has completed 58 residential projects and is on track to finish 20 more since it established the DECA Homes brand in 2002.
The company has sold over 85,000 homes in just 18 years throughout various cities and provinces in Luzon, Visayas, and Mindanao.
Brand transformation
In 2012, the visionaries behind 8990 decided to consolidate the different holdings and companies created to manage its residential projects under the 8990 Holdings, Inc. brand.
The business partners achieved this by acquiring 61.4 percent of the outstanding capital stock of IP Converge Data Center, Inc. in May 2012.
The company, in May 2013, then acquired all of its outstanding shares in 8990 Housing Development Corporation, 8990 Luzon Housing Development Corporation, Fog Horn, Inc., 8990 Leisure and Resorts Corporation, 8990 Davao Housing Development Corporation, and 8990 Mindanao Housing Development Corporation.
IP Converge Data Center, Inc. officially became 8990 Holdings, Inc. after the Securities and Exchange Commission approved its request for a change of name and purpose to that of a holdings company on October 1, 2013.
After disposing of its information technology and telecommunications business in 2012 and following its corporate reorganization a year after, the company began to focus, through its subsidiaries, on providing affordable and quality housing to hardworking Filipinos.
Through construction innovation and continuous improvement in quality, price, and service, 8990 is able to uphold its vision of providing decent shelter to Filipino families.
It is committed to its mission to help Filipinos own a home that they can be proud of and cherish always.
Moving forward, the country’s leading mass housing developer plans to expand to other cities and provinces to help more people realize their dream of home ownership.
History
8990 Holdings was founded in 2008 and has since covered vast parts of the Philippines with residential and commercial properties. Starting with Midtown Villas and The Palmyra in Davao City, the company steadily grew and ventured into nearby cities offering real estate ventures. 8990 Holdings is also part of the Pinnacle I Condominiums with 97 Towers located in Quezon City.
That dream started small in 1991 with Villa Candida, a residential development in Cagayan de Oro, and transformed into what it is now today – the leading mass housing company in the Philippines.
Staying true to its vision of building decent shelter for Filipinos, 8990 Holdings has completed 58 residential projects and is on track to finish 20 more since it established the DECA Homes brand in 2002.
The company has sold over 85,000 homes in just 18 years throughout various cities and provinces in Luzon, Visayas, and Mindanao.
Mission
The mission of 8990 Holdings is to provide quality real estate solutions to Filipinos in terms of condominiums, housing, and commercial spaces throughout the country.
Vision
A short-lived government project intended to provide homes for families inspired the 8990 Holdings, Inc. vision of quality and affordable housing for every hardworking Filipino.
Key Team
Arlene C. Keh (Independent Director)
Anthony Vincent-Sia Sotto (CEO, President & Director)
Lowell Lagos Yu (Director)
Roan Buenaventura-Torregoza (CFO & Director)
Raul Fortunato R. Rocha (Director)
Richard L. Haosen (Treasurer, Head of Treasury & Director)
Manuel C. Crisostomo (Independent Director)
Manuel S. Delfin (Director)
Recognition and Awards
References
https://in.investing.com/equities/8990-holding
https://finance.yahoo.com/quote/8990.AX/profile?p=8990.AX
https://www.crunchbase.com/organization/8990-holdings
https://www.bloomberg.com/profile/company/HOUSE:PM
https://www.marketscreener.com/quote/stock/8990-HOLDINGS-INC-20706225/company/
https://www.archify.com/ph/8990-holdings-inc
https://edge.pse.com.ph/companyInformation/form.do?cmpy_id=626
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Mariano D. Martinez (Chairman of the Board)
Ian Norman Evaristo Dato (Director)
Luis N. Yu (Chairman Emeritus)