By VG Cabuag- November 30, 2018
PROPERTY developer DMCI Homes Inc.
on Thursday said it recorded P33.48 billion in reservation sales for the first
three quarters of this year, up 7 percent from the P31.34 billion it made
during the same period last year.
Consistent strong sales performance
of key projects put the company on track to meet its P40-billion adjusted sales
target for the year, the company said.
One key contributor was Kai Garden
Residences in Mandaluyong, which posted P8 billion in total sales revenue as of
end September, while other top contributors for the first three quarters were
Pasig 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, including Fairlane Residences, Atherton in Parañaque
and Satori Residences in Pasig.
The community developer also
increased its total land value to P9 billion, from P4.9 billion for the same
period last year, which included new acquisitions in the 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.
For the year, the company completed
10 buildings in various projects, including in Bristle Ridge in Baguio City,
Brio Tower in Makati, Asteria Residences in Parañaque, Mirea Residences and
Lumiere Residences in Pasig and Ivorywood in Taguig.
DMCI has been developing residential
projects taking on resort-inspired communities nationwide since 1999. To date,
the company has launched a total of 72 projects.
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