posted December 02, 2015 at
11:40 pm by Jenniffer B. Austria [THESTANDARD.COM.PH]
DMCI Project Developers
Inc., the real estate arm of the Consunji family’s DMCI Holdings Inc., on
Wednesday disclosed a plan to launch P50 billion worth of residential projects
in 2016, its biggest in 16 years.
DMCI PDI president Alfred
Austria said the company would introduce 14,000 residential units in the market
next year, including mass housing and high-end residential projects.
The company targeted to
launch 10,000 residential units worth P30 billion in 2015.
The launching of more
housing units next year is expected to boost the company’s reservation sales to
P23 billion in 2016 from P20 billion this year, he said.
Austria said for the mass
housing development, the company was looking at Bataan for its first horizontal
development.
Austria said DMCI Holdings’
major shareholder Dacon Corp. currently owns a huge property in Bataan that
could be transformed into a house and lot development.
He said the company’s
venture into mass housing would enable it to serve more people.
The property firm also aims
to launch a high-end development within a 1.1-hectare property near Pagcor
Entertainment City in Parañaque.
Austria said the project
would offer 300 units with average size of 80 square meters to 100 square
meters to be sold at around P10 million per unit.
DMCI PDI will also start to
expand outside Metro Manila with the acquisition of a 2.9-hectare property in
Davao City, he said.
The company also plans to
start construction of its first office development in Makati as soon as it gets
all the necessary permits, he said.
Meanwhile, DMCI PDI chief
finance officer Ramil Lombos said the company successfully raised P10 billion
from the sale of five-year corporate notes.
Lombos said total demand
for the corporate notes reached as much as P30 billion, but the company
obtained only P10 billion which would be used to finance the P5-billion
corporate notes maturing in 2016 and support its aggressive expansion plan.
The company hired BDO
Capital and Investment Corp. as the lead arranger for the notes issuance.
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