THE property unit of DMCI Holdings, Inc. is planning to develop more residential condominiums in Quezon City, as it expects housing demand to be driven by government infrastructure projects.
In a statement, Dennis O. Yap, assistant vice-president for project development of DMCI Homes, said the company is looking to launch at least two more residential condominiums in Quezon City this year.
“Strong reservation sales of our ongoing projects indicate immense interest in the Quezon City property market and we are optimistic that the trend will continue in the coming years,” he was quoted as saying.
DMCI Homes earlier reported reservation sales rose 7% to P33.48 billion during the first nine months of 2018.
The company said it will launch Cameron Residences, located in Mapalad Street, Roosevelt Avenue, this year.
The 45-storey residential tower is located near the Unified Grand Central Station being built in North Avenue. The station will link the Light Rail Transit (LRT) Line 1, Metro Rail Transit (MRT) Lines 3 and 7, and eventually, the Metro Manila Subway.
DMCI Homes is still finalizing plans for another residential project in Quezon City.
“At present, we have three ongoing residential condominium projects in Quezon City, all of which are almost sold-out. All in all, we have 12 projects in the city which makes it the biggest host of our projects in Metro Manila,” Mr. Yap said.
Property consultancy firms have been pushing developers to put up more residential developments, especially in the Quezon City area, to take advantage of the opportunities brought about by the “Build, Build, Build” program by the government. — Vincent Mariel P. Galang