DMCI Homes net profit soars to P2.5 B

Published August 28, 2018, 12:00 AM

by manilabulletin_admin

By James A. Loyola


(Photo courtesy of
(Photo courtesy of

DMCI Homes, the residential development arm of the Consunji group, reported that its net income jumped by 41 percent P2.49 billion in the first half of 2018 from the P1.76 billion earned in the same period last year.

The firm said that it recorded P23.01 billion in reservation sales for the first half of 2018, up by 4 percent from P22.12 billion during the same period last year.

“Our pioneering resort-style developments have gained a strong following among buyers. There is healthy demand for our projects in Metro Manila, and even in Davao and Baguio,” said DMCI Homes President Alfredo Austria.

Encouraged by its strong sales, DMCI Homes is looking to replicate its success in other parts of the country.

“We are also exploring new product formats as condo units continue to evolve as a versatile solution to urban living challenges,” added Austria.

DMCI Homes sees reservation sales to further pick up in the second half of 2018 with the scheduled launch of mid-rise and high-rise developments in Parañaque, Manila, Pasay, Las Piñas, Davao and Quezon City.

Leading the list of its top project performers for the first half of 2018 are Prisma Residences, Fairlane Residences and Mirea Residences in Pasig City; Kai Garden Residences in Mandaluyong City; The Orabella, Infina Towers, The Celandine, and Zinnia Towers in Quezon City; and Verdon Parc in Davao City.