DMCI Homes eyes more condo projects in Metro Manila and Davao
DMCI Homes, the
country’s first Quadruple A developer, is eyeing more residential condo
projects in and outside of Metro Manila in 2018 after posting a banner year in
sales and reservation in 2017.
Strong sales of all its
ongoing developments last year helped DMCI Homes record Php 38.9 billion in
sales and reservations - 53 percent higher than its target of Php 25.5 billion
For this year, the
property arm of DMCI Holdings Inc. has lined up mid-rise and high-rise
developments in Parañaque, Las Piñas, Pasig, Pasay, Manila and Quezon City.
Eight residential condo
projects have been penciled in for launch in 2018.
“We’re looking at new
product formats that would suit the evolving needs and preferences of the
market but still consistent with our value-for-money proposition,” DMCI Homes
President Alfredo Austria said.
The developer known for
building resort-inspired communities is also eyeing another residential condo
project in Davao City following the consistent strong sales recorded by its
initial offering in the King City of the South, Verdon Parc.
The company is bullish
on Davao City’s real estate sector following positive forecasts on residential
projects in urban areas all over the country for 2018.
In its top 10
predictions for 2018, global real estate services company Colliers Philippines
said the government’s aggressive infrastructure push would further drive the
demand for residential projects in major urban areas in Luzon, Visayas and
“The improvement of road
networks and expansion of airports should further unlock land values in these
areas, making them more feasible for residential projects,” the global real
estate services company said.