By Richmond Mercurio (The Philippine
Star) | Updated June 23, 2015 - 12:00am
MANILA, Philippines - DMCI Homes, the
real estate arm of engineering conglomerate DMCI Holdings Inc., plans to
venture into more projects in the provinces to support its plan to increase
sales by 10 percent annually.
DMCI president Isidro A. Consunji said
the property developer is looking at more areas outside Metro Manila such as
Davao, Bataan, Naga, and Dagupan.
Consunji said the plan is to put
mid-rise, high-rise and subdivision projects in these markets to support its
growth.
“We are starting now, we’re already
talking to some people. Provincial markets are now maturing. Demand is growing.
The growth of the business process outsourcing sector is creating a lot of
demand for affordable housing,” he said.
Consunji said the company would apply
the same concept of “community based and family-oriented” approach it has in
Metro Manila for its planned provincial venture.
“We want to sell below the P2-million
market,” Consunji said.
For its existing projects, Consunji
said DMCI Homes has been focused mostly on the mid- to high-rise residential
development around Metro Manila, attracting “urban couples with one or two
children.”
DMCI Homes expects to grow its
residential sales by 10 percent annually starting this year.
Sales and reservation sales this year
are expected to reach P22 billion from last year’s P20 billion.
The company earlier said it is
preparing to spend as much as P12 billion this year as it seeks to grow profits
over a tenth by yearend.
DMCI Homes plans to launch five
projects this year that will add 3,155 units to its existing 40 completed
projects consisting of 28,854 units.
For next year, DMCI Homes will
continue with its expansion with nine new projects already being lined up.
The nine new projects up for launch in
2016 will further boost the company’s portfolio by an additional 10,770 units.
Since its establishment in 1999, DMCI
Homes has launched 56 projects composed of larger than usual condominium units
in mid-rise and high-rise developments.
_____________________________________________________________
