By
VG Cabuag - August 22, 2018
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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