DMCI Homes, the Philippines’ leader in resort-inspired developments, continues its expansion beyond Mega Manila and is now preparing to enter Cebu City’s booming condominium market.
For its first project in the city, DMCI Homes vice president for project development Dennis Yap said the company is investing about P20 billion to develop a four-hectare property in Barangay Guadalupe.
“Cebu City’s robust economy and growing demand for quality homes make it an ideal location for our expansion,” Yap said. “We’re excited to introduce our signature resort-inspired condominiums to this bustling city and be part of its dynamic development.”
Commitment to quality
With condominium living being highly popular in Cebu, Yap expressed confidence that Cebuanos will appreciate DMCI Homes’ value-for-money offerings.
“The Queen City of the South deserves nothing but the best, and we’re about to deliver just that—our project with the biggest open space to date,” Yap said.
“We’re equally thrilled to introduce Cebu to the distinct DMCI Homes lifestyle, showcasing our proprietary Lumiventt® Design Technology, internet-ready units and RideShare carpooling service—just some of the innovative features we’re bringing to take condominium living to new heights in this vibrant market,” he said.
Expansion strategy
The decision to enter the Cebu property market follows the company’s successful ventures in San Juan, Batangas and Tuba, Benguet over the past year. DMCI Homes has also developed quality projects outside Metro Manila, including Laguna, Cavite, Baguio City, Boracay and Davao City.
Yap noted that while the pandemic had temporarily halted their Cebu expansion, the opportunities in the Queen City of the South made it clear that moving forward with the plan would be the right decision.
“Cebu is a rapidly growing market with great potential,” Yap said. “We look forward to making a positive impact and contributing to the city’s growth.”
While DMCI Homes is new to Cebu’s property market, its sister firm, DM Consunji Inc. (DMCI), has made its mark with several landmark projects in the city. DMCI was part of the Cebu Link Joint Venture, a consortium with Acciona and First Balfour that built the iconic Cebu-Cordova Link Expressway (CCLEX).
Other landmarks built by DMCI in Cebu are SM Cebu, Shangri-La’s Mactan Resort and Spa, the Ayala Life Cebu office building and Ayala Center Cebu.
As the Philippines’ first Quadruple A developer, DMCI Homes aims to make its mark in Cebu, backed by a sterling track record of completing 72 quality developments across Metro Manila, Laguna, Cavite, Baguio City, Boracay, Davao City and other key locations in its 25 years in the industry.
