DMCI Homes expands QC condominium project

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DMCI Homes, Inc. is targeting both investors and end-users for its residential condominium project Infina Towers in Quezon City. -- DCMI HOMES

DMCI HOMES, Inc. unveiled on Thursday the second tower for its residential condominium project in Quezon City (QC) called Infina Towers, targeting both investors and end-users as potential clients.

Located along Aurora Boulevard in Project 3, Quezon City, Infina’s South Tower will have 40 storeys. The project will offer two-bedroom and three-bedroom units with a gross floor area spanning 52.50 to 81.50 square meters (sq.m.). The price of each unit starts at P5.08 million, with pre-selling to begin on Jan. 26.

The entire development covers a land area of 12,701 sq.m.

“Infina Towers offers an ideal place for start-up families to raise and optimize their children’s potential with the easy access of top-notch educational institutions such as the University of the Philippines Diliman and Ateneo de Manila University as well as flourishing businesses in nearby Araneta Center in Cubao area,” the company said.

Aside from universities, Infina Towers is also within the vicinity of medical institutions such as Quirino Memorial Medical Center and World Citi Medical Center. The towers will also be accessible through the Anonas Station of Light Rail Transit Line 2 or through the Araneta Bus Terminal.

Amenities include lounge areas, a game area, a fitness gym, an audio-visual room, sky lounge, function room, pool complex, gazebo, court roof garden, and a basketball court. The tower will also offer commercial spaces at the ground floor for the unit owners’ convenience, as well as five levels of basement parking.

The launch of the second tower comes less than a year after Infina’s North Tower was introduced to the public in April 2017, which is now already 64% sold.

The company looks to turn over the North Tower by September 2021, while the South Tower will be delivered to customers by September 2022.

DMCI Homes’ net income grew 59% to P2.7 billion in the first nine months of 2017, boosted by higher sales and reservations.

Real estate development is among the business segments ventured into by the Consunji group, which has core investments in coal mining, nickel mining, energy, and construction under DMCI Holdings, Inc. The company also maintains an interest in Maynilad Water Services, Inc.

DMCI Holdings saw its net income attributable to the parent rise 18% to P11.7 billion in the first nine months of 2017. This follows a 23% growth in revenues during the same period to P58.4 billion.

Shares in DMCI Holdings picked up 14 centavos or 0.96% to finish Thursday’s trading session at P14.66 apiece. — Arra B. Francia