DMCI Project Developers, Inc. said it will spend around P7 billion on the construction of two more condominium projects in Quezon City.
The property developer, which is also known as DMCI Homes, has seen robust sales of its existing condominiums in the city.
In a statement, DMCI Homes President Alfredo Austria said it will build two single-tower developments — The Crestmont and Cameron Residences.
“We are confident that demand will continue to remain robust especially with the ongoing construction of big-ticket infrastructure projects in the city like the Metro Manila Subway project,” he said.
Mr. Austria said it will spend P4 billion for The Crestmont, located along Panay Avenue in Barangay South Triangle. The condo is just a stone’s throw away from the Metro Rail Transit (MRT) Line 3 Quezon Avenue Station.
DMCI Homes expects The Crestmont to also attract interest due to “its proximity to one of the proposed stations of the country’s first intercity underground railway which is now under construction.”
The company is allocating P3 billion for the construction of Cameron Residences, which will rise along Mapalad Street, Roosevelt Avenue.
“Equally attractive to homebuyers and investors is Cameron Residences because of its proximity to the Skyway extension project that will link the South Luzon Expressway to the North Luzon Expressway,” DMCI Homes said, noting the project will reduce travel time from Quezon City to Makati City to around 30 minutes.
The two projects are part of the ten projects valued at P104 billion that DMCI Homes will launch in Metro Manila this year.