DMCI Project Developers, Inc. has completed the construction of its Mirea Residences project in Pasig City eight months ahead of schedule, allowing unit owners to move in earlier than expected.
The company operating under DMCI Homes said in a statement that it has started turning over the units in Aleia, the final tower of its medium-rise tower complex Mirea Residences. With this, all eight towers are now ready for occupancy, ahead of the committed completion date of August 2019.
Unveiled in 2014, Mirea Residences targeted young professionals looking to live near business centers like Eastwood City and Ortigas. The project stands on a 38,895-square meter property in Brgy. Santolan, Pasig, and is close to Light Rail Transit Line 2 Santolan Station.
Units at Mirea Residences consist of two-bedroom to three-bedroom layouts, spanning from 63 to 85 sq.m. in size. Prices range from P4.17 million to P6.8 million, according to the company’s website.
Amenities include pools, gazebo, a tree court, grill pits, clubhouse, picnic grove, game area, audio-visual room, and a function hall. It also features an indoor badminton court, basketball court, fitness gym, and jogging and biking paths.
Mirea Residences is one of DMCI Homes’ several projects in Pasig City. Other properties in the area include Brixton Place, Fairlane Residences, Sheridan Towers, Prisma Residences, and Riverfront Residences, among others.
DMCI Homes saw its attributable profit rise by 29% to P3.4 billion in the first nine months of 2018, primarily due to the sale of its undeveloped lot in Quezon City. Excluding this one-time gain, the company’s attributable profit climbed two percent to P2.7 billion. Revenues meanwhile stood at P14.7 billion, two percent higher year-on-year.
The company’s reservation sales also rose by seven percent to P33.48 billion in the same period. DMCI Homes President Alfredo R. Austria earlier said the company is on track to reach its P40-billion target in reservation sales this year.
Its projects in Pasig have been among the top contributors to sales this year, with Fairlane Residences and Prisma Residences posting P7.26 billion and P3.18 billion, respectively.
DMCI Homes is the property unit of diversified engineering and construction conglomerate DMCI Holdings, Inc., which also has core interests in general construction, coal and nickel mining, power generation, water concession, and manufacturing. — Arra B. Francia
