Iris Gonzales (The Philippine Star)
- August 28, 2018 - 12:00am
MANILA, Philippines — Consunji-owned
DMCI Homes, the country’s first Quadruple A developer, grew its net income by
41 percent in the first half, buoyed by strong demand for projects in Metro
Manila and in the provinces.
The company posted a net income of
P2.49 billion in January to June, higher than the P1.76 billion recorded a year
ago.
Reservation sales rose four percent
to P23 billion.
DMCI Homes president Alfredo
Austria said the company’s developments have already grown popular among
buyers.
“Our pioneering resort-style
developments have gained a strong following among buyers. There is healthy
demand for our projects in Metro Manila, and even in Davao and Baguio,” Austria
said.
Encouraged by its strong sales, DMCI
Homes hopes to replicate its success in other parts of the country.
The company is also planning new
formats such as dormitory type units and office buildings.
“We are also exploring new product
formats as condo units continue to evolve as a versatile solution to urban
living challenges,” Austria said.
DMCI Homes sees reservation
sales to further pick up in the second half with the scheduled launch of
mid-rise and high-rise developments in Parañaque, Manila, Pasay, Las
Piñas, Davao and Quezon City.
Leading the list of its top
project performers for the first half are Prisma Residences, Fairlane
Residences and Mirea Residences in Pasig City; Kai Garden Residences in
Mandaluyong City; The Orabella, Infina Towers, The Celandine, and Zinnia Towers
in Quezon City; and Verdon Parc in Davao City.
DMCI Homes is the property arm
of DMCI Holdings Inc., the infrastructure and engineering conglomerate.
The holding firm posted a 21
percent increase in first-half earnings to P9.2 billion on higher contributions
from its real estate, coal mining, construction, nickel mining and water
businesses.
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