True to its commitment of delivering quality projects, DMCI Homes is set to turnover 11 residential condominium buildings in 2018—two of which will be ready for occupancy (RFO) a year earlier than scheduled.
The turnover of the 11 buildings will mark the completion of three ongoing residential condominium projects namely Brio Tower, Asteria Residences, and Mirea Residences.
Brio Tower, DMCI Homes’ initial development in Makati City is set for turnover in October, over a year ahead of its original RFO schedule of November 2019.
The last two buildings of Asteria Residences, a midrise development in San Pedro Street, San Antonio Valley 2, Barangay San Isidro, Sucat, Parañaque City, are also slated for turnover this year. The buildings will be made available to unit owners in March and June respectively.
On the other hand, the remaining four buildings of the eight-building mid-rise development Mirea Residences in Amang Rodriguez Avenue, Barangay Santolan, Pasig City are also set for turnover until September this year.
Also up for occupancy in 2018 is the seven-building mid-rise development Ivory Wood in Acacia Estates, Taguig with the early RFO of the first three buildings: Anahaw in January, Palmira in April, and Lauan in July.
Meanwhile, Lumiere Residences’ West tower is set for RFO status middle of 2018, a year earlier than its June 2019 original turnover schedule.
The country’s first Quadruple A developer last year turned over more than 15 buildings ahead of schedule despite concerns on industry delays.
"More than having consistent strong sales, we pride ourselves on always striving to exceed the expectations of our clients. This includes the delivery of their units ahead of schedule most of the time,” DMCI Homes President Alfredo R. Austria said.
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 2017.
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 Mindanao.
“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.