THE PROPERTY unit of DMCI Holdings, Inc. has started turnover of units at the first building of Maple Place in its township in Taguig City, as it finished the project 13 months ahead of turnover target date.
“Four years after its launch in 2015, DMCI Homes’ Maple Place development in its Acacia Estates township in Taguig has opened its doors to its initial batch of residents following the turnover of its first building, Linden, early this year,” DMCI Homes said in a statement.
The company said that Linden, a six-storey residential building in Maple Place, was completed in January. It was initially scheduled to be turned over in February 2020.
The boutique hotel-inspired mid-rise project is just one of the three buildings in Maple Place. Aspen and Spruce are set for completion within the year. All units will have two and three bedrooms, each with a balcony. Each building will also have one to two basement parking floors.
Maple Place is situated within the company’s 150-hectare township property Acacia Estates in Taguig City. Its outdoor facilities include a children’s playground, kiddie pool, lap pool, leisure pool, gazebo, jogging and biking path, and picnic area. Indoor amenities include a landscaped atrium, open lounge, game area, audio-visual room, and a gym. There is also a 27/7 security system.
The resort-inspired township is situated near business districts like McKinley Hill, Bonifacio Global City, and Makati City.
Early this year, DMCI Homes said that it is allotting P17.9 billion for capital expenditures to fund 10 project launches this year. This is 23% higher than what allotted for 2018 at P14.5 billion.
DMCI Homes reported its net income rose 9% to P3.9 billion in 2018, due to a one-time gain from the sale of land in Quezon City worth P715 million. Without this, its core profit fell by 11% due to the higher cost of raw materials, as well as the adoption of a new accounting standard that changed the recording of broker’s commissions. — Vincent Mariel P. Galang
