DMCI Homes, the property arm of conglomerate DMCI Holdings Inc., expects reservation sales to reach P35 billion in 2023 despite the rising interest rates, a top executive said.
DMCI Homes president Alfredo Austria said in a news briefing the company was expected to end 2022 with P32 billion in reservation sales, up from its target of P27 billion, amid continued strong demand for housing projects.
Austria said the company recorded a strong rebound in the third quarter following the launch of two transit-oriented projects—Fortis Residences under the DMCI Homes Exclusive segment in Makati City and Sage Residences in Mandaluyong City.
“Fortis Residences is particularly exceptional because it will be part of Makati’s next commerce, culture and recreation hub through the city’s redevelopment plan, called Makati Southwest Gateway,” Austria said.
“We’re also building an adjacent building that will include office, retail and commercial spaces called One Fortis Plaza, so residents can have easy access to shops, restaurants or even work,” he said.