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DMCI Homes Posts P23.01B Reservation Sales For First Half 2018

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Manila, Philippines—Property developer DMCI Homes has recorded P23.01 billion in reservation sales for the first half of 2018, up 4% from P22.12 billion during the same period last year.

The company’s net income also increased to 41% from P1.759 billion for the first half of 2017 to P2.488 billion in 2018.

“Our pioneering resort-style developments have gained a strong following among buyers. There’s a healthy demand for our projects in Metro Manila, and even in Davao and Baguio,” said DMCI Homes President Alfredo Austria in a statement.

“We’re also exploring new product formats as condo units continue to evolve as a versatile solution to urban living challenges,” he added.

DMCI Homes predicts its reservation sales to further pick up in the second half of 2018 with the scheduled launch of mid-rise and high-rise developments in Parañaque, Manila, Pasay, Las Piñas, Davao, and Quezon City.

Leading the list of its top projects for the first half of 2018 are Prisma Residences, Fairlane Residences, and Mirea Residences in Pasig City; Kai Garden Residences in Mandaluyong City; The Orabella, Infina Towers, The Celandine, and Zinnia Towers in Quezon City, and Verdon Parc in Davao City.

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