From official webpage of 8990 Holdings, Inc.
8990 Holdings, Inc. (HOUSE), formerly IP Converge Data Center, Inc., was incorporated as an information technology and telecommunications services provider on July 08, 2005. On October 1, 2013, the Securities and Exchange Commission approved the change in its corporate name to the present one and the change in its primary purpose to that of a holdings company.
In May 2012, Iholdings, Inc. (Iholdings), Januarius Resources Realty Corporation (Januarius) and Kwantlen Development, Inc. (Kwantlen) gained control of the Company through the acquisition of 61.4% of the outstanding capital stock of HOUSE. In May 2013, in line with the objective to consolidate certain real estate companies owned or controlled by Iholdings, Januarius and Kwantlen, the Company acquired all of the 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.
Having disposed of its information technology and telecommunications business in 2012 and following its corporate reorganization, the Company is operating, through its subsidiaries, as a low-cost mass housing developer. As of December 31, 2013, the Company has completed 58 Mass Housing projects and is developing another 20 Mass Housing, medium-rise buildings, and high-rise projects.
8990 Holdings Inc is listed on the Philippines Stock Exchange
Source: SEC Form 17-A (2020)
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.
Humble beginnings
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 their 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 change of name and purpose to that of a holdings company on October 1, 2013.
Affordable, quality housing
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 for 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.
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This information copy from official website of 8990 Holdings Inc.
As of year 2025
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