DMCI Homes is launching a one-tower project called The Erin Heights along Commonwealth Avenue in Tandang Sora, Quezon City before yearend to capitalize on the strong demand for residential spaces in the city.
In a statement, the firm said it hopes to sustain its strong recovery from the pandemic-induced slowdown last year by focusing on its strengths as a builder and developer of resort-inspired condominium communities.
Regaining its momentum from the sales success of its two project launches last year—Alder Residences in Acacia Estates, Taguig and The Camden Place in Malate, Manila—the Quadruple A developer launched The Oriana along Aurora Boulevard in Quezon City in April this year.
Like the transit-oriented development, The Oriana, DMCI Homes expects to generate homebuyers and investors’ interest in The Erin Heights because of the property’s proximity to the Tandang Sora Station of the Metro Rail Transit System Line 7 project.
The project will also capitalize on the presence of top universities and lifestyle-focused places of interest in the area.
DMCI Homes President Alfredo Austria said the company’s integration of in-house design, engineering, and construction in its business process helped the company launch and deliver projects despite the limitations brought about by the coronavirus pandemic.
“Even before the pandemic, our approach has served our company well, allowing us to be more agile in optimizing our product offerings according to market requirements. This translates to better cost control and better value for our customers in terms of new or better product features,” Austria said.
He added that, “This also allows us to introduce improvements and innovations and offer larger living spaces, and more generous features and amenities at more affordable price points which we believe makes our brand prosper no matter the situation.”
DMCI Homes’ exceptional performance in the first half of 2021 has helped its parent firm, DMCI Holdings Inc., record P9.5 billion in first-half consolidated net income, nearly five times the P2 billion it reported last year.
Contributions from DMCI Homes soared 6,018 percent from P38 million to P2.3 billion on higher construction accomplishments and recognition of down payment from new accounts.