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Mass housing developer 8990 Holdings buys Tondo lot for P1.6B
by James Loyola | Manila Bulletin | Wednesday | June 25, 2014

Mass housing developer 8990 Holdings has acquired 8.4 hectares of land in Tondo, Manila for P1.61 billion to improve and expand its present landbank for low-cost housing under the medium rise building-integrated mall concept.

In a disclosure to the Philippine Stock Exchange, 8990 Holdings said its subsidiary 8990 Housing Development Corporation (8990 HDC) will acquire land measuring 84,731.95 square meters at Vitas, Tondo, Manila.

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I wonder where will they relocate the squatters in that area of Tondo.
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