By James A. Loyola
Upscale residential developer Victor Consunji Development Corporation (VCDC) has launched M Residences in Capitol Hills, a ₱2.2-billion luxury townhomes project in Quezon City.
In an interview, VCDC Founder and Chief Executive Victor Consunji said this comes in the heels of the success of M Residences in Taguig and New Manila which had appealed to buyers due to its customizable units.
He said the two phases of M Residences New Manila, worth ₱1.1 billion and ₱1.5 billion, respectively, have been fully sold out and they may launch a third phase that will link the first two projects and transform it into just one community.
On the other hand, the ₱4.5-billion M Residences in Taguig, located inside Acacia Estates, is already 75 percent sold after its launch in September last year with some buyers taking up as much as eight lots or one block to build a single home worth about ₱200 million.
VCDC offers three models of townhomes for its M Residences with lot areas of 75 square meters, 105 sqm. and 120 sqm. Each unit is customizable with total living areas of at least 110 sqm. to as much as 370 sqm. in houses of three to five storeys high.
Consunji said the standard home in M Residences in Capitol Hills will be selling for around ₱16 million to ₱17 million with the price going higher if the buyer chooses to add to the standard floor area.
Known for its select locations, premium quality, and top-of-the-line creations, VCDC has carved a niche in the property development business because of its offer of customization options versus the otherwise rigid platforms of most developers.
First-time home buyers are provided financing choices while VCDC will be its developer as well as private contractor for the customization required. Aside from personal preferences of room layouts, buyers also get to choose their preferred finishing from tiles, to countertops, cabinets and bathroom fixtures.
“Our clients only buy our units once in a lifetime. When someone moves into our unit, I believe it is finished and designed in a way that is good enough for mine. I make sure it is up to our standards,” Consunji said.
He also noted that M Residences tend to attract a certain type of home buyers who provide a good neighborhood for families. “We believe that community is the best amenity,” Consunji noted.