DMCI Homes to exceed targets in the next 2 years

DMCI Holdings inc. expects its housing subsidiary DMCI Project Developers inc., that uses the name DMCI Homes, to post whole number sales growth and exceed targets this year and in 2012.

In an interview, DMCI president Isidro Consunji aforementioned he expects reservation sales to register a twenty two % growth in sales to P18 billion in 2011 from P14.7 billion last year.

"Our official target for sales reservation is P13 billion, however we are going to in all probability hit P17 to P18 billion. we have a tendency to exceeded our (first half) target," aforementioned Consunji.

He noted that sales are boosted by the launch of latest comes. DMCI Homes has launched a project at the corner of E. Rodriguez and Tomas Morato in city and a mid-rise building project close to the mall of Asia whereas 2 additional are launched later this year.

"We expect to grow our sales reservation between ten to twenty % per annum. we have a tendency to targeted P13 billion, we'll in all probability hit P18 billion this year. we have a tendency to target P20 billion next year, we'll in all probability hit P22 billion," Consunji aforementioned. For the primary 1/2 2011, DMCI Homes veteran a rise in sales and reservation of forty five % from P6.9 billion within the half of 2010 to P10 billion within the initial semester of 2011.

Increasing demand for DMCI housing units returning chiefly from new projects: La Verti Residences in Taft, Pasay City; the Redwoods in Fairview, Novaliches; Siena Park in Bicutan Paranaque and Stellar Place in city pushed promoting sales to new heights.

Moreover, redoubled take up from existing comes East Raya and Magnolia Place conjointly else to the expansion in sales and reservations.

DMCI Homes reportable that sales and reservations last year expanded  to P14.7 billion, up by sixty nine % from the P8.7 billion in 2009 because of a mixture of a growing demand for near-city habitation units and also the price the DMCI housing unit brings.

The global economic condition in 2008 and 2009 conjointly helped depress the 2009 results therefore 2010 results were returning off a lower base. (JAL)