DMCI Homes Sales Up 25% in 1H

Makati—(PHStocks)—Mid-segment developer DMCI Homes racked up 3,753 residential units in sales and reservations in the first half of 2016, a 25 percent increase from 3,011 units the previous year. During the same period, demand for parking units grew 26% to 2,106 from 1,678.

The double-digit growth pushed total reservation sales of DMCI Homes to rise 39 percent to PhP13.5 billion from PhP10.4 billion last year. Lumiere Residences, Sheridan Towers, Brixton Place and newly-launched developments Alea Residences and Verdon Parc accounted for nearly half of the sales and reservations.

To meet the strong demand for quality housing among middle-class buyers, DMCI Homes—the housing component of DMCI Holdings (PSE: DMC)—is spending over PhP10 billion this year to fund its project developments and land acquisitions.

“We’re very excited with the projects we have in the pipeline. Five are set for launch this second half and in two of these projects, we’re offering something very different,” said DMCI Homes president Alfredo R. Austria.

One of the projects is a high-rise hybrid development that includes residential, commercial and office spaces. The project marks DMCI Homes’ entry into office space leasing.

Another project is a twin-tower high-rise development fronting Manila Bay. It will be the first luxury resort-inspired residential development of DMCI Homes.

The projects for launch in the second half are located in Makati, Parañaque and Quezon City.

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