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DMCI Homes posts 7% growth in reservation sales

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By James A. Loyola

DMCI Homes, the residential arm of DMCI Holdings, Inc., posted a 7 percent improvement in reservation sales to P33.48 billion for the first three quarters of 2018 from P31.34 billion in the same period last year.

(Photo courtesy of www.dmcihomes.com/)

(Photo courtesy of www.dmcihomes.com/)

The firm said the consistent strong sales performance of key projects puts it on track to meet its P40-billion adjusted sales target for the year.

One key contributor was Kai Garden Residences in Mandaluyong City which posted P8 billion in total sales revenue as of September 30. Other top contributors for the first three quarters are Pasig City projects Fairlane Residences and Prisma Residences, which earned P7.26 billion and P3.18 billion in sales and reservations, respectively.

This year, DMCI Homes launched three new residential projects, namely Fairlane Residences, The Atherton in Parañaque City, and Satori Residences in Pasig City.

The leading resort-inspired community developer has also increased its total land value to P9 billion from P4.9 billion for the same period last year, which include new acquisitions in Visayas and Mindanao.

“This is part of the company’s plan to expand outside Metro Manila which started with Outlook Ridge Residences in Baguio City and Verdon Parc in Davao City. We are also hoping to help address the housing needs in other key cities like Cebu in the near future,” DMCI Homes President Alfredo Austria said.

Upholding its thrust of delivering quality homes on time or ahead of schedule, DMCI Homes completed this year 10 buildings in various projects namely Bristle Ridge in Baguio City, Brio Tower in Makati City, Asteria Residences in Parañaque City, Mirea Residences and Lumiere Residences in Pasig City and Ivorywood in Taguig.

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