The company was started by Mr. Joseph Wang, a textile factory employee then. With just PhP 2,000.00, he started as a contractor, building houses for a real estate developer. As more projects came in, he had to expand his business and to do so he had to sell his car. From the proceeds of sale of the Buick he inherited from his father, he founded Ultima Development Corporation in 1976. Ultima Development Corporation’s projects were South Green Park Subdivision, a 15-hectare development beside Merville Village in Paranaque that features single detached and single attached homes, and South Green Park, an 8-hectare subdivision in Tandang Sora, Quezon City. A paradigm shift was drawn from its engagements in building homes for the people and pang-masa ito! became the battle cry. Thus, Ultima Development Corporation was renamed Masaito Development Corporation (MDC) in 1986. Its early projects included Concorde Subdivision, a 12-hectare development along MIA Road in Paranaque and Regency Homes, a 4-hectare project along Quirino Highway in Parañaque. The Citihomes Series was one of MDC’s successful projects as a pocket developer. Developing just small areas at a time, the company was able to create 4 Citihomes communities. The first one is located on a 4-hectare land in Pulang Lupa, Las Pinas, the second development is also a 4-hectare project situated in Brgy. Pag-asa, Quezon City, and the third Citihomes project is another 4-hectare development in Tandang Sora. The fourth and largest of the series is in Molino, Cavite which was launched in 1995. Spanning 43 hectares, the development offered 3,500 dwelling units composed of single attached houses, single detached units, and town homes. Core Values We value Integrity, Passion for Excellence, Teamwork, and Loyalty as fundamental principles in conducting business that delivers Customer Satisfaction.