CONSUNJI-owned DMCI Homes is further expanding its footprint in Quezon City with the launch of a one-tower project, The Erin Heights along Commonwealth Avenue in Tandang Sora, Quezon City before yearend.
With the project, the company hopes to sustain its strong recovery from the pandemic-induced slowdown last year by focusing on its strengths as a builder and developer of resort-inspired condominium communities.
Last year, DMCI launched two projects—Alder Residences in Acacia Estates, Taguig and The Camden Place in Malate, Manila. The Quadruple A developer also launched The Oriana along Aurora Boulevard in Quezon City in April this year.
DMCI Homes expects to generate homebuyers and investors’ interest in The Erin Heights because of the property’s proximity to the Tandang Sora Station of the Metro Rail Transit System Line 7 project, top universities, and lifestyle-focused places of interest in the area.
The company’s integration of in-house design, engineering, and construction in its business process helped the company launch and deliver projects despite the limitations brought about by the coronavirus pandemic, DMCI Homes president Alfredo Austria said yesterday.
“Even before the pandemic, our approach has served our company well, allowing us to be more agile in optimizing our product offerings according to market requirements. This translates to better cost control and better value for our customers in terms of new or better product features,” Austria said.
In the first half of the year, contributions from DMCI Homes grew to 6,018 percent to P2.3 billion from P38 million on higher construction accomplishments and recognition of down payment from new accounts.
This helped bring the net income of parent firm DMCI Holdings Inc. to a record P9.5 billion during the period, nearly five times the P2 billion it reported last year.
DMCI now has more than 60 properties in its portfolio since it was launched in 1999. It is the first Quadruple A real estate developer known for its resort-inspired communities in Mega Manila, Baguio, Boracay and Davao City.