Thursday, 18 February 2010

DMCI Homes allots P5B for projects

Rizal Raoul Reyes
Business Mirror

DMCI Homes, the property development unit of construction heavyweight DMCI, is adopting a bullish outlook on its 10th year as it has allocated P5 billion for the development of ongoing and new projects

In a press briefing on Wednesday at the Rockwell complex, DMCI Homes managing director Alfredo Austria said the amount will include the development of three new projects, namely, Cedar Crest, The Redwoods and the Iris Tower at the Tivoli Garden Residences. The company is riding on the momentum of a good performance in 2009 as it is set to launch four new projects for this year.

“The company is also confident that our products will do well this year. In fact, we have a projection that our revenue growth will be on a significant level this year which is around 25 percent,” he said in an interview.

Austria said the company will capitalize on the growth of the Taguig area by launching Cedar Crest, a themed medium-rise community, along with Rosewood Pointe and Royal Palm Residences.

He said Taguig City offers good opportunities to DMCI Homes because of the continuous ongoing developments, primarily at the Bonifacio Global City (BGC).

Austria said Cedar Crest will offer medium-rise clusters for families with two-bedroom and three-bedroom unit options. He said the first building will be ready for turnover by May 2011.

After successfully developing The Manors and the Magnolia Place, Austria said DMCI Homes will pursue its third venture in Quezon City by developing The Redwoods. It is a resort-themed, Neo-Asian inspired mid-rise condominium village found in central Fairview. Scheduled ready-for-occupancy status of the first building is on March 2011.

Austria said the Iris Tower project within the Tivoli Garden Residences has shown another facet of the company’s development skills by building the 42-storey project. Iris Tower, according to a company executive, is the company’s response to people who want to live and work in Makati.

At the briefing, DMCI Homes marketing manager Cherrie Lyn Cruz also said the company will pursue projects in northern Metro Manila in anticipation of an increase in the demand for middle-income condominiums.

“We are further expanding our scope by entering new territories such as the Northern Quezon City and their adjacent neighbors, such as Camanava (Caloocan, Malabon, Navotas and Valenzuela) and Bulacan for The Redwoods,” she said.

“At the same time, we are always improving on our projects by providing home spaces that are secure, modern, yet conducive for harmonious relationships within the community. Our target market of young families and upgraders from the area don’t have to worry about acquiring their first home. DMCI Homes is here to give them the home that they deserve,” she added.

1 comment:

  1. I am interested in the commercial development of the Township Central.

    When is this going to be developed?