THE completion of Metro Manila’s first subway is likely to boost demand for a residential condominium being developed by DMCI Homes near two proposed subway stations.
“As early as last year, we have already observed big interest on our projects located along the proposed tracks of the subway project,” DMCI Homes Assistant Vice President for Project Development Dennis O. Yap said in a statement on Monday.
The Metro Manila Subway project, which broke ground last February, is expected to be operational by 2025. It is a 36-kilometer subway system that will run from Mindanao Avenue-Quirino Highway in Quezon City to the Ninoy Aquino International Airport Terminal 3 in Pasay City.
Mr. Yap cited DMCI Homes’ Infina Towers as one of the projects that has seen a spike in interest. Located along Aurora Boulevard in Quezon City, Infina Towers is near two proposed subway stations — Anonas and Katipunan Avenue.
Another project expected to benefit due to its proximity to the metro rail system is The Cresmont, located along Panay Ave., South Triangle, Quezon City. The single-tower development will be built adjacent to Quezon Avenue Station of Metro Rail Transit Line 3 (MRT-3).
“We are very positive about the future of the Manila property market with the construction of the subway project. We look forward to bright prospects ahead not just for the company but for the whole industry,” he said. — Vincent Mariel P. Galang