Connect with us

Hi, what are you looking for?

Economy

Reservation sales at DMCI Homes’ Pasig project reach P12.6 billion

RESERVATION SALES at DMCI Project Developers, Inc.’s (DMCI Homes) Pasig project Prisma Residences has reached P12.6 billion, selling close to its total inventory.

The company said in a statement on Friday that there continues to be high demand for residences in the area after it sold 3,024 of the 3,148 residential units as of November.

For the three-tower Prisma Residences launched in 2017, the Consuji-led property developer reported that it had sold 94% by August last year.

Prisma Residences 1-3 bedroom units are priced at P4.004 million or more. Its Astra building is expected to be ready for turnover by April 2022, while the Celeste building will be ready in April 2023 and the Kiran building in April 2024.

The company announced last month that it plans to complete 10 projects valued at P13.9 billion before the year ends, including 4,088 residential units, of which 3,500 have been sold.

DMCI Homes had said the lockdown caused a three-month long delay because of a 76-day work stoppage.

In the nine months through September, DMCI Homes contributed a net income of P472 million to its parent DMCI Holdings, down about 74% from P1.8 billion in the same period a year ago.

Its revenues fell 36% to P9.5 billion after projects were delayed due to restrictions on construction activities.

DMCI Homes is part of diversified engineering conglomerate DMCI Holdings, Inc., which has power, mining, construction, and water interests.

Shares in DMCI Holdings closed at P5.77 each on Friday, up 1.23% or seven centavos. — Jenina P. Ibañez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

Follow us on Spotify BusinessWorld B-Side Despite saying that the pandemic response is a top priority, the executive department of the Duterte administration slashed the P50.4...

Economy

Wilcon Depot celebrates the successful opening of its newest retail store in Pila, Laguna, as part of its ongoing #FlyingHighTo100 store expansion campaign. Opened...

Economy

As climate change takes center stage as one of the world’s most pressing challenges, and countries race to transition from fossil fuels to clean energy...

Economy

Willis Towers Watson shares the secret to its successful 40 years of providing world-class advisory, broking services and business solutions The COVID-19 pandemic has...

Economy

The coronavirus pandemic has continued to dampen the demand for residential property, particularly in Metro Manila. — PHILIPPINE STAR/ MICHAEL VARCAS By Luz Wendy...

Economy

1 of 2 The reconstruction of the iconic Grand Mosque is part of the rehabilitation works in Marawi. — COURTESY OF DEPARTMENT OF HUMAN...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!