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Mandaluyong City cites DMCI Homes as one of its top 10 taxpayers

February 11, 2015

The Mandaluyong City government has awarded DMCI Homes as one of its top 10 taxpayers and thanked the residential resort builder for contributing to the increased investments in the so-called Tiger City.

Mayor Benhur Abalos presented the award to Jan Venturanza, head of the DMCI Homes Marketing and Customer Care, and April Bernal, project development manager, during the celebration of the Mandaluyong City's 21st founding anniversary and 70th Liberation Day commemoration dubbed Liberation Ball at the Wack-Wack Golf and Country Club on Feb. 8, 2015.

Abalos thanked DMCI Homes and the other top 10 taxpayer awardees for enabling the city government to earn P154 billion in revenues from the business sector and P155 billion in total investment last year.

“The city council, our taxpayers and our Ulirang Mandalenyo have shaped what our city is right now,” said Abalos. “We thank each and every one of you, all the industry players and investors, for all of the achievements that we have had.”

Venturanza said DMCI Homes is just doing its job as a good corporate citizen.

“It is our duty and privilege to try to support the City of Mandaluyong,” he said after receiving the award on behalf of DMCI Homes.

“DMCI Homes will continue to support the city of Mandaluyong by paying the right tax,” Bernal said.

Among the DMCI Homes' residential condominium developments in Mandaluyong City are Flair Towers, Tivoli Garden Residences and Dansalan Gardens. It is also constructing the Sheridan Towers and the company has other residential projects lined up for the city, according to Bernal.

Said Venturanza, “We believe that Mandaluyong still has a lot of underserved customers. We are doing our best to serve that need.”

Abalos also thanked property developers for complying with the city's Green Building Ordinance, which requires new residential, office and school buildings to have features that reduce energy use and recycle water. The ordinance is the first of its kind from a local government unit in the country.

Venturanza said that DMCI Homes has no problems complying with the ordinance because even before the Mandaluyong City Council passed the regulation one year ago, the company's projects already have their inherent green building features. He mentioned the Lumiventt reduced building footprints, landscaped roof deck slabs and medium-density planning for its residential developments.

The Lumiventt is a proprietary design technology of DMCI Homes that allows building interiors to be naturally ventilated and lighted. The Lumiventt design includes the so-called Sky Patios or three-floor high openings at the front and back of the building as well as central atriums and breezeways every five floors.

DMCI Homes was also one of the top 10 companies that paid at least P1 billion in taxes to the Bureau of Internal Revenue (BIR) in 2013. The feat won for the company the BIR's Billionaires’ Club Award last year.

DMCI Homes and other top 10 BIR taxpayers paid P755.23 billion in taxes in 2013. The figure is 15.98 percent higher than that collected from the largest taxpayers in 2012 and represented more than 60 percent of the BIR’s total 2013 tax collection target of P1.217 trillion.

DMCI Homes surpassed other older real estate companies when it came to paying the largest amount of tax to the BIR as it became a member of the BIR's Billionaires Club in only its 15th year in existence. The premiere developer of innovative resort-themed residential condominium communities also was the only real estate company among the Billionaires’ Club awardees. ###

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