DMCI Homes Expands Land Bank to Meet Demand

DMCI Holdings Inc.’s (PSE: DMC) DMCI Homes has accumulated a total land value of PhP6 billion, expanding its land bank by nearly 41 percent since last year.

From 88.89 hectares during the same period last year, its total land bank expanded to 125.22 hectares. Majority of the newly-acquired raw land, or 125.22 hectares, are located in Metro Manila. The rest are in Luzon.

“Despite the fierce competition in our segment, the demand for DMCI Homes properties remains strong so we are building our land bank,” said DMCI Homes President Alfredo R. Austria.

From January to March, DMCI Homes registered sales and reservation worth over PhP15 billion, up by 15 percent from PhP13 billion during the first quarter last year.

Leading the list of DMCI Homes’ top project performers is Prisma Residences located in Pasig City followed by Infina Towers and Verdon Parc located in Quezon City and Davao City, respectively.

“We had an excellent run last year. We topped our reservation sales target by more than 153 percent. Hopefully, we can sustain our growth with our new product offerings,” said Austria.

This year, DMCI Homes plans to launch eight high-rise projects in Davao City, Las Pinas, Manila, Paranaque, Pasay, Pasig and Quezon City. The projects will have an expected sales value of PhP49 billion or 53 percent more than the PhP32 billion sales value of the three developments launched last year.

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