DMCI Homes' new QC projects post strong reservation sales

DMCI Homes’ two new condominium projects in Quezon City have been well-received by homebuyers and investors, posting strong reservation sales since they were launched last year.

The two single-tower resort-inspired developments namely Cameron Residences and The Crestmont have recorded robust reservation sales indicating a big demand for living spaces in the largest city in Metro Manila.

Forty six-storey high Cameron Residences in Mapalad Street, Roosevelt Avenue, Quezon City is 91 percent sold, posting P3.63 billion in reservation sales as of January 2020.

Boasting of a strategic location in Panay Ave., South Triangle, Quezon City, The Crestmont likewise has been a hit among homebuyers, having posted P6.30 billion in reservation sales as of the third week of the year. The 50-storey building is already 95 percent sold as of the said period.

Property consultancy firms earlier urged developers to explore the residential potential of Quezon City in anticipation of a spike in housing demand spurred by the upcoming government infrastructure projects particularly the Metro Manila Subway Project, MRT-7 railway system, and the Skyway extension project.

Colliers International in its Property Outlook for 2020 said it sees sustained demand from investors and local and foreign employees with the Bay Area, Quezon City, Ortigas Center and its fringe area dominating take-up across the country’s capital. Colliers sees developers cashing in on the demand by relentlessly building residential projects in Metro Manila in 2020.

“Over the next 12 months, Colliers projects the delivery of about 15,610 units in the capital region, outpacing the annual completion of 7,700 units annually in 2012 and 2014 and even higher than the 10,700 units delivered from 2016 to 2018, a period that already benefitted from the trickle-down impact of offshore gaming demand,” the property consultancy firm said.