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Manila Bulletin devider Business devider The Stock Market devider DMCI, Marubeni JV generates P4 billion sales

DMCI, Marubeni JV generates P4 billion sales

Published Aug 18, 2024 09:13 pm

DMCI Homes, the residential property development unit of DMCI Holdings Inc., reported that its joint venture with Marubeni Corporation generated P4 billion in reservation sales in just six months of operation. 

From its January 2024 launch until June this year, 343, or 29 percent of the 1,191 launched units for The Valeron Tower, have been sold.

The Valeron Tower's units, starting at P7.62 million, have attracted investors eager to secure an address within Pasig City's bustling Ortigas central business district (CBD).

With 55 floors and a strategic location at the corner of C-5 and P.E. Antonio Street, the property is ideal for those seeking a modern yet cozy home or a reliable source of rental income.

The project will feature exquisitely designed residential units ranging from studio to three-bedroom configurations, with sizes from 32.5 to 91 square meters.

Residents will benefit from its proximity to Pasig's business and retail hubs such as Arcovia City, Bridgetowne, SM Center Pasig, and Tiendesitas, all within walking distance.

Ortigas Center is 10-minute drive, and the property enjoys connectivity via C-5 and upcoming transport infrastructure like the Metro Rail Transit Line 4 and the Metro Manila Subway Project.

This condo in Pasig aims to enhance the Ortigas CBD by incorporating commercial spaces, offering a wider array of shops and restaurants, and contributing to property price appreciation. 

Future residents will enjoy the convenience of nearby amenities and the vibrant environment fostered by the development.

Additionally, the building will feature a designated guest room, inspired by Japan's "Guest House" concept, where guests of residents can rent the space for short stays. 

The ground floor will also host a daycare center, providing a convenient option for working families to leave their children in a safe and nurturing environment.

Despite new commercial hubs emerging across Metro Manila, Ortigas Center remains a prime location due to its strategic positioning and steady growth in property values.

Over the past decade, property prices in Ortigas have experienced an eight percent compounded annual growth rate, with pre-selling units currently averaging P229,000 per square meter (sq.m).

DMCI Homes said The Valeron Tower provides a value-for-money entry point into this lucrative market.

Related Tags

dmci homes MARUBENI CORPORATION DMCI Holdings Inc.
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