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RLC-DMCI JV tops off P5.55-B condo

Published Dec 21, 2022 01:37 pm

Robinsons Land Corpo. (RLC) and DMCI Homes’ joint venture has completed the structural work on the first building of Sonora Garden Residences in Las Piñas which is worth P5.55 billion.

RLC and DMCI Homes have marked the topping out of the 40-storey structure called Cadence building and work has now shifted to masonry and finishing of units in preparation for the turnover of the building in June 2024.

As of November 2022, Sonora Garden Residences has sold 45 percent of the initially launched 867-unit inventory comprised of 1-, 2-, and 3-bedroom units. Unit prices range from P4.18 to P10.30 million.

DMCI Homes Vice President for Project Development Dennis Yap said they expect reservation sales to pick up as construction of the property beside Robinsons Place Las Piñas progresses.

“We expect to generate more interest from homebuyers as the property and the resort-style amenities are completed,” Yap said.

He added that, “As of November, finishing work is already being done on the lap pool, leisure pool, kiddie pool, basketball court, game, play area among other amenities.”

RLC Residences Senior Vice President and Business Unit General Manager Chad Sotelo also said he is highly optimistic more homebuyers would soon discover the value being offered by RLC and DMCI Homes’ joint venture.

“It’s a great partnership between two of the biggest real estate companies in the country, DMCI Homes and RLC,” Sotelo said.

He noted that, “We’re taking advantage of that moment where development in the south is going to pick up. You get to have that homey southern charm but you aren't missing out on the development opportunities.”

Sotelo also pointed out that south metro remains a high-growth area and a favored living destination among homeseekers.

“If you look at the future of the southern part of Metro Manila, this is where development is—Las Piñas, Parañaque, Muntinlupa, and eventually Cavite, and Laguna,” Sotelo said.

He added that, “If you look at these places, hospitals, hotels, and malls are popping up, and there's a lot of redevelopment that's been happening. So, in the next five to ten years, this area is going to be very different.”

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