DMCI Homes to spend P7 billion for QC condo projects Featured



DMCI Homes Inc., a unit of listed firm DMCI Holdings Inc., said it is allocating P7 billion to build two more condominium projects in Quezon City, following its previous projects in the area.

DMCI Homes President Alfredo Austria said the company is eyeing to build two single-tower developments in the sprawling city this year. These will be named Crestmont and Cameron Residences.

Austria said about P3 billion will be spent for the development of Cameron Residences on Mapalad Street in Roosevelt Avenue, while P4 billion has been allotted for the development of The Crestmont along Panay Avenue in Barangay South Triangle.

“We are confident that demand will continue to remain robust, especially with the ongoing construction of big-ticket infrastructure projects in the city like the Metro Manila Subway project,” Austria said.

Cresmont will be built in a location adjacent to the MRT 3 Quezon Avenue station and is seen to draw interest from property hunters with its proximity to one of the proposed stations of the country’s first intercity underground railway now under construction.

The 36-kilometer train line from Quirino Highway in Quezon City to Naia Terminal 3 in Pasay City will have 15 stations, seven of which will pass through Quezon City.

Cameron Residences will also be attractive to homebuyers and investors due to its proximity to the Skyway extension project that will link the South Luzon Expressway to the North Luzon Expressway. Once completed, the transportation infrastructure is expected to reduce travel time from Quezon City to Makati City to just half an hour.

The two projects, the company said, are part of the 10 projects worth about P104 billion the company plans to launch this year. 

Other projects of the company in Quezon City include the preselling of Infina Towers, The Orabella and The Celandine, and ready-for-occupancy projects  Zinnia Towers, Viera Residences, The Amaryllis, One Castilla Place, The Manors at Celebrity Place, The Redwoods, Stellar Place, Magnolia Place and Accolade Place.



Read 275 times Last modified on 20 Jun 2019

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