1,680 homes,
two growing cities,
one design

The need is documented. Iligan City carries a housing backlog above 26,000 units. Cagayan de Oro has roughly 50,000 informal settler families, of whom some 30,000 have already applied. Documented housing need materially exceeds the proposed unit count, and Pag-IBIG finances the buyer at a subsidised rate.¹

Two sites, one building. The parcels sit 30 kilometres apart at almost the same gradient — 18.8% at Iligan, 17.8% at Cagayan de Oro — so both take the identical scheme: six-storey blocks on platforms cut to follow the contour, 27 sqm two-bedroom units. One design, one tender, fourteen buildings, two provinces. The second site costs you nothing in design and inherits the first site's supply chain and crew.

1,680 units at ₱3.02B. The terms are deliberately simple: Wolf Equity contributes both sites and carries entitlement; the partner funds and builds everything else and takes 92% of the units. No land to buy, no residual split, no profit-share audit.

Break-even construction: ₱37,536/sqm of gross floor area. Indahag is within ₱130 of it.

What the sponsor commits to carry. Topographic and geotechnical survey, land use clearance, DHSUD endorsement, and the LGU relationships in both cities. Neither parcel carries a CLOA or an agrarian reform beneficiary, and neither requires assembly.

Sta. Elena may not need conversion at all. Section 10 of RA 6657 exempts land at 18% slope and over from CARP coverage; the site models at 18.8%. If the survey certifies above the threshold, an application under DAR AO 13 s. 1990 yields a Certificate of Exemption and no conversion order is required. Indahag at 17.8% proceeds by conversion, which for socialized housing takes the expedited DAR Mass Housing Desk route and is exempt from the DA reclassification moratorium under Department Circular 11 s. 2026.

Vertical development on stepped platforms is what makes this ground viable, and 4PH is what makes vertical viable. The sponsor acquired both sites well before the programme existed. That is why the land can be contributed for 8% rather than sold at market.

Both indicative, and subject to topographic and geotechnical survey.

¹ Documented housing need materially exceeds the proposed unit count. Conversion of that need into a qualified beneficiary and Pag-IBIG takeout pipeline remains part of the entitlement programme.

1. PCAB Quadruple A or equivalent, with mid-rise residential experience.
2. 4PH accreditation, or a live relationship with DHSUD, Pag-IBIG or SHFC.
3. Working capital for a phased programme — buildings are delivered in pairs, each taking out before the next begins, so no single-tranche facility is required.
4. A completion guarantee and performance bond. Title remains with the sponsor until agreed unit transfers.

Basis of these figures. Terrain is modelled from public elevation data at both sites and will be superseded by survey. Infrastructure costs are the sponsor's planning estimates. Construction cost is deliberately left open — the tables show your return across a range, and your own number governs. Gross development value is unit count at the programme ceiling under JMC 2025-001, which caps a 27 sqm unit above five floors at ₱1.8M and is reviewed at least every two years. Nothing here is an offer; terms are indicative and subject to contract.