DMCI PROJECT Developers, Inc. (DMCI Homes) recently launched the second tower of its Allegra Garden Place condominium in Pasig City as it anticipates growing demand.
The property arm of DMCI Holdings, Inc. launched the Soraya tower last month, with units ranging from 30 to 83 square meters (sq.m.).
DMCI Homes Vice-President for Project Development Dennis Yap said the property will likely benefit from an increase in business activities as the Bonifacio Global City-Ortigas bridge connecting travel between Pasig, Mandaluyong, Taguig, and Makati is targeted to be finished this year.
“We are gearing towards recovery from the pandemic by taking advantage of the potential opportunities presented by these big-ticket infrastructure projects,” he said in a press release on Saturday.
He added that stations of the planned Metro Manila subway project would also be close to the property. Partial operations of the underground railway will start by yearend, the Transportation department said.
Units have a pre-selling price of P4.31 million and higher, with an expected turnover in July 2024 for the first building and July 2025 for the second.
DMCI said that it is reaching out to investors looking for properties with big rental and capital appreciation potential in the 1.2 hectare two-tower condominium project launched in 2019.
Allegra Garden Place has studio units, 1-3 bedroom units, and amenities including a roof garden, pools, game area, gym, and multi-purpose court. — Jenina P. Ibañez