DMCI bets big on QC’s real estate potential

FILE: Actual photo of the amenity area of Zinnia Towers in Balintawak, DMCI Homes’ latest ready for occupancy (RFO) project in Quezon City. (Photo: DMCI Homes/Website)

MANILA — Convinced that Quezon City is still the next big thing in the real estate industry, DMCI Homes is poised invest even more in the former Philippine capital this year to expand its presence in the area.

Dennis Yap, DMCI Homes assistant vice president for project development, said the company is planning to launch at least two more residential condominium projects in Quezon City this year in anticipation of a robust housing demand spurred by upcoming government infrastructure projects.

“Strong reservation sales of our ongoing projects indicate immense interest in the Quezon City property market and we are optimistic that the trend will continue in the coming years,” Yap said.

One of DMCI Homes’ planned new developments is a single-tower resort-inspired development in Mapalad Street, Roosevelt Avenue called Cameron Residences.

Located right in the middle of Quezon City, the 45-story residential tower is intended to offer strategic takeoff point going to top universities, business districts, leisure zones, medical facilities, government institutions, and nature parks in the former Philippine capital.

“At present, we have three ongoing residential condominium projects in Quezon City, all of which are almost sold-out. All in all, we have 12 projects in the city which makes it the biggest host of our projects in Metro Manila,” Yap said.

Property consultancy firms have urged developers to explore the residential potential of Quezon City which is seen to be the biggest recipient of the potential opportunities arising from the “Build, Build, Build” program of the national government.

Colliers International, for one, named the Metro Manila Subway project as the undertaking that would benefit the city the most since it will host seven of the 13 proposed stations namely Mindanao Avenue, Tandang Sora, North Avenue, Quezon Avenue, East Avenue, Anonas, and Katipunan.

Aside from the subway project, also anticipated to improve foot traffic in the largest and most populated city in Metro Manila is the ongoing construction of the MRT-7 railway system which travels from San Jose del Monte, Bulacan to North Avenue in Quezon City as well as the Skyway extension project which is anticipated to cut travel time to Gil Puyat Avenue in Makati from two hours to less than 30 minutes.