Megawide unit tops off second One Lancaster Park tower

MEGAWIDE Construction Corp.’s property arm PH1 World Developers, Inc. said its One Lancaster Park Tower 2 project has reached structural topping-off, marking the second tower in the Cavite development to achieve the milestone this year.

The topping-off came less than three months after Tower 1 was completed structurally, PH1 World Developers said in a statement late Friday last week.

Located along Advincula Avenue in Imus, Cavite, the residential development is planned to comprise 15 towers, with two now structurally complete.

According to the company’s website, the master plan consists of 14 mid-rise residential towers and one high-rise tower.

Towers 1 and 2 are each designed as eight-story buildings with about 24 to 25 residential units per floor, all with balconies.

The condominium project will also include a clubhouse, swimming pools, recreational areas, elevated walkways, a gym, basketball courts, pocket gardens, a children’s park, and open community spaces.

PH1 World Developers is targeting completion of several projects in 2026, including One Lancaster Park Towers 1 and 2 in the first half of the year, and Tower 1 of Avesta Residences in Imus by September.

In the first quarter, the company posted P1.53 billion in gross sales, up from P777 million in the same period last year.

The company said it expects growth to continue this year, driven by ongoing sales from existing projects and upcoming developments.

In 2025, PH1 World Developers reported record sales revenue of P2.3 billion, up 360% from P711 million in 2024, marking its highest annual revenue to date. Net income reached P287 million, reversing the loss recorded the previous year.

Its Enso Lofts project in Quezon City accounted for more than P1 billion in revenue in 2025. Other contributing projects included Southscapes in Trece Martires, Cavite, and Northscapes in San Jose del Monte, Bulacan.

The company also reported P5.1 billion in sales for 2025, more than double its 2024 level. — Alexandria Grace C. Magno