DMCI Homes, the property arm of conglomerate DMCI Holdings Inc., recorded P23.01 billion worth of reservation sales in the first half, up 4 percent from P22.12 billion in the same period last year, as demand for housing remains strong despite rising interest rates.
DMCI Homes said net income reached P1.76 billion in the first half, compared with P2.48 billion registered in the same period last year.
“Our pioneering resort-style developments have gained a strong following among buyers. There is healthy demand for our projects in Metro Manila, and even in Davao and Baguio,” said DMCI Homes president Alfredo Austria.
DMCI Homes said it was looking to replicate its success in other parts of the country.
“We are also exploring new product formats as condo units continue to evolve as a versatile solution to urban living challenges,” said Austria.
The company recently acquired two properties in Cebu. Austria said the company planned to launch its Cebu projects, which include an eight-hectare lot in Cebu and 6,000-square-meter lot in Lahug, by mid next year.
DMCI Homes is also launching its second residential project in Davao City.
Austria said the company would also construct a 30-story residential project in Pasay City.
The new project is among the P40 billion worth of projects DMCI Homes expects to launch this year.
DMCI Homes said that in 2019, it would launch its first socialized housing project in Calaca, Batangas.
Austria said the units would sell at less than half a million each.
