DMCI Homes sees encouraging signs amid market challenges

As industry researchers report an oversupply in Metro Manila’s condominium market, Quadruple A developer DMCI Homes continues to see strong buyer engagement and interest in its residential developments.

DMCI Homes President Alfredo Austria in an interview said site trippings—or client visits to project sites—have surged by approximately 70 percent this year compared to the same period last year, reflecting strong buyer interest. From 4,039 recorded site trippings from January to May 2024, the number has increased to 6,741 this year.

“We’re regularly monitoring our sales every day, our site activities, trippings,” Austria shared in a recent interview. “In fact, this year we’re happy to see that we have more site trippings from customers. Around 70 percent more than last year.”

Austria acknowledged the issue of oversupply but stressed that it is limited to certain areas.

“It’s been all over the news that there seems to be an oversupply in Metro Manila at least. I agree that there is an oversupply, but the oversupply is only in certain sectors and certain locations. It’s not everywhere,” he said.

He noted that while interest in condominiums remains strong, many buyers are simply being more careful before making a decision.

“A lot of people are still eager to buy, but I think affordability issues are out there and also because of the reported oversupply in condo units. Some of the end-users are being more careful, being more cautious, looking at several different properties,” he explained.

DMCI Homes sees this shift in buyer behavior as a welcome development, pointing to a more discerning market that prioritizes quality and long-term value.

“And what’s good is that there are a lot of RFO (ready-for-occupancy) units now and they can see for themselves the quality and value that each developer is offering,” Austria added. “And I think that is good for us because we’ve been focusing on improving quality and value for the customer. As we’ve seen in our recently completed projects, the sales have gone up when they were completed because we’re able to bring in the customers and see for themselves the quality and value that we are offering.”

From January to May 2025, RFO units accounted for 47% of DMCI Homes’ total condominium sales of 1,305 units, a significant jump from 14% during the same period in 2024. The company sold 614 RFO units in the first five months of 2025, up from 363 units sold in the same timeframe last year.

In terms of value, RFO sales reached Php4.3 billion, including both units and parking slots—87% more than the Php2.3 billion recorded from January to May 2024.

Leading RFO sales for the period were Allegra Garden Place in Pasig City and The Crestmont in Quezon City.

Allegra Garden Place, a two-tower development along Pasig Boulevard, recorded 139 units sold from January to May 2025—up from 81units sold in the same period last year. Residents of the Allegra Garden Place’s 56-storey Amina building began moving in as early as July 2024, while turnover for the 55-storey Soraya tower is scheduled to begin in July this year.

Meanwhile, The Crestmont along Panay Avenue in Quezon City had 55 units sold during the five-month period, compared to 34 units sold in early 2024. Turnover of units started in December 2024.

DMCI Homes is the Philippines’ first Quadruple A real estate developer known for building quality resort-inspired communities in Mega Manila, Baguio, Boracay and Davao City. The company’s portfolio boasts more than 70 properties since it was launched in 1999.        

To learn more about DMCI Homes’ pre-selling and ready-for-occupancy projects and special promos, call (632) 5324-8888. You can also visit leasing.dmcihomes.com to know more about opportunities in leasing and rent-to-own programs of DMCI Homes. News and other updates are also posted on the company’s official website and its social media accounts on Facebook, X, Instagram, and YouTube.