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DMCI Homes allots P60 B for 12 new housing projects

DMCI allots P60 B for 12 new housing projects
(The Philippine Star) | September 1, 2015


MANILA, Philippines - DMCI Homes, the housing subsidiary of the Consunji Group’s DMCI Holdings Inc., is pouring P60 billion into 12 housing projects next year as part of an ongoing expansion program.

Ramil Lombos, senior vice-president for finance and operations at DMCI Homes, said the 12 projects would translate to 15,000 residential units.

Lombos said the company is looking to launch its first provincial project in the first quarter of next year.  The project will be located in Davao.

Mid-rise projects would also rise in Baguio and Davao, he said.

Lombos said the property developer has sought the Securities and Exchange Commission’s approval to issue up to P1 billion in home starter bonds.

“We’ve filed our application and we’re waiting for feedback. Hopefully, we can launch in September,” Lombos said.

DMCI Homes applied for the issuance of P500 million worth of bonds, with an option to sell another P500 million.

Proceeds from the bond issue may be used for corporate expenses. 

He said the issuance is intended to provide opportunities for prospective homeowners.

The bonds are available for as low as P5,000 and may also be converted into equity for buyers.

DMCI chairman Isidro Consunji said construction of the new projects is already ongoing. “This will be over a four to five year horizon,” Consunji told The STAR.

He said DMCI Homes will keep density in its projects as low as possible and would stick to its formula of catering to the end-user market and not the tenant type market wherein homeowners lease out their units to third parties.

As such, most of the projects would have three- to four-bedroom units instead of studio type units.

DMCI Homes expects reservation sales to reach P22  billion this year from P20 billion a year ago.

For the first half, reservation sales amounted to P10.44 billion, four percent higher than the P10.08 billion posted in the same period last year.

In Metro Manila, DMCI Homes is set to develop Fairway Terraces in Pasay City. The project will rise across the Villamor Golf Club and will have units with bigger sizes, a low density atmosphere and clear views of the golf course.

Fairway Terraces Building Facade

In a separate presentation during the company’s annual stockholders’ meeting last month, Consunji said DMCI Homes is looking at new platforms to grow its business, such as mass housing and office leasing.

FEATURED DMCI HOMES NEW PROJECTS


Mulberry Place - Acacia Estates, Taguig City


Delight yourself to a resort-inspired living community that brings the island spirit. Wake up each day feeling refreshed and inspired, getting up to a view of an invigorating mix of ground level amenities and verdant landscapes. Shuffle your feet back and forth, dancing to the beat of convenient city living bringing you close to places that matters to you. Enjoy a great sense of individuality or nurture your growing family feeling safe, serene, and secured in a fine community that works for you. Come home to vacation, everyday!


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Oak Harbor Residences - Asiaworld, Paranaque City


A DMCI Homes Exclusive project, Oak Harbor Residences is the only waterfront community in Bay City that is located directly by the bay. With magnificent views and state-of-the-art amenities, experience on a daily basis a change of pace and lifestyle. This lavish community puts you at the front and center of the country's next major central business district and entertainment capital, as infrastructure, residential and commercial developments are already on its way to being the next big thing.


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Fairway Terraces - Villamor Airbase, Pasay City


A soothing medley of contemporary residence set on a lush hilltop. Fairway Terraces combines the convenience and sophistication of modern living to the rustic and relaxing resort-inspired life. With its Balinese-inspired design, Fairway Terraces will be the epitome of a premium high-rise development in the country that combines the convenience and sophistication of modern living with the relaxing ambience of a resort-inspired life.


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GRAB OUR READY FOR OCCUPANCY DMCI HOMES PROPERTIES AT LOWEST DOWNPAYMENT TO MOVE-IN!

Siena Park Residences - Bicutan, P'que City

10% payable in 6 months (MOVE IN) and 90% balance Bank monthly amortization up to 25 years or In-house up to 10 years.


Arista Place - Sto. Nino, Paranaque City

10% Spot Down Payment (MOVE IN) and 90% balance Bank monthly amortization up to 25 years or In-house up to 10 years.

Tivoli Garden - Mandaluyong City

10% payable in 8 months (MOVE IN) and 90% balance Bank monthly amortization up to 25 years or In-house up to 10 years.

La Verti Residences, Taft Avenue, Pasay City

20% Spot Downpayment (MOVE IN) and 80% balance Bank monthly amortization up to 25 years or In-house up to 10 years.


Illumina Residences - Sta. Mesa, Manila

10% payable in 8 months (MOVE IN) and 90% balance Bank monthly amortization up to 25 years or In-house up to 10 years.


Flair Towers - Reliance St., Mandaluyong City

20% Spot Downpayment (MOVE IN) and 80% balance Bank monthly amortization up to 25 years or In-house up to 10 years.

One Castilla Place - New Manila, QC

15% Spot Downpayment (MOVE IN) and 85% balance Bank monthly amortization up to 25 years or In-house up to 10 years.

Sorrel Residences - Sampaloc, Manila

10% payable in 8 months (MOVE IN) and 90% balance Bank monthly amortization up to 25 years or In-house up to 10 years.


BEST TO INVEST WITH OUR PRE-SELLING PROPERTIES AT A REASONABLE PRICE AND RESORT-INSPIRED COMMUNITIES

Ivory Wood - Acacia Estates, Taguig City

Price Range: Php3.66Mn - Php5.55Mn

2 , 3 BR & 3BR Tandem

Turnover Dates: May & October 2018, April & June 2019


Fairway Terraces - Villamor, Pasay City

Price Range: Php2.62Mn - Php7.84Mn

1, 2 and 3 Bedroom Units

Turnover Date: February 2019

Asteria Residences - Sucat, Paranaque

Price Range: Php2.53Mn - Php5.06Mn

2 and 3 Bedroom Units

Turnover Dates: April & July 2017, Jan.2018

Maple Place - Acacia Estates, Taguig City

Price Range: Php3.66Mn - Php5.55Mn

2 , 3 BR & 3BR Tandem

Turnover Dates: February & May 2020

Brio Tower- EDSA-Guadalupe, Makati City

Price Range: Php2.60Mn - Php7.52Mn

1, 2 and 3 Bedroom Units

Turnover Date: November 2019


Lumiere Residences - Shaw Blvd., Pasig

Price Range: Php2.09Mn - Php6.33Mn

Studio, 2BR & 3BR Units

Turnover Dates: Oct 2018 & June 2019

Sheridan Towers - Sheridan St., Pasig

Price Range: Php2.10Mn - Php4.54Mn

Studio, 1BR & 2BR Units

Turnover Date: November 2018

Zinnia Towers - EDSA Munoz, QC

Price Range: Php1.77Mn - Php6.80Mn

Studio, 1BR, 2BR & 3BR

Turnover Dates: May 2016 & Dec.2017