Thursday, August 23, 2018

DMCI to pour P49 billion into socialized housing, students’ high-rise dorms


By VG Cabuag -

CONGLOMERATE DMCI Holdings Inc. may start its foray into socialized housing and a condominium and dormitory project, which it is targeting for students.
Officials, however, said they are not expecting to earn from the socialized housing project, which it may sell for less than half a million pesos, a government-mandated value for each unit.
“But we want our people to benefit from our efforts,” said Isidro A. Consunji, the company’s chairman and president.
“We did a survey and we found out that most of our people in Calaca do not have houses. So we decided to start there,” he said.
DMCI operates the 600-megawatt thermal coal power plant in Calaca, Batangas.
Consunji said they are already talking to a subcontractor to carry out the project, which it plans to copy in other parts of the country.
“Whether it’s a big project or a small project, it needs to have very good people so initially, we wanted it to have a flushing toilet but there’s a price limit so there are challenges involved. But even if it’s socialized housing, it should be good,” he said.
Its housing unit DMCI Homes will carry out the project. Alfredo Austria, DMCI Homes president, said it may commence construction next year since it is still securing permits.
Austria said the company is also pursuing a dormitory project, involving the construction of a 40-story building, three-tower project in Davao and another one in Vito Cruz.
“We are still asking for approval for the height of the building,” he said, adding it is mostly geared for students.
The project will be launched within the year and involved units between 12 square meters (sq m) and 40 sq m.
DMCI earlier said it will launch eight high-rise projects in Davao, Las Piñas, Manila, Parañaque, Pasay, Pasig and Quezon City.
The projects will have an expected sales value of P49 billion.

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