Developer Lauds Higher Real Estate VAT Ceiling
Updated April 30, 2012 12:00 AM
Effective January this year, the Bureau of Internal Revenue, with the endorsement of HUDCC, has effected a higher threshold for value added tax or VAT on real estate products such as lots, house and lots, and other residential dwellings such as condominium units.
Previously, properties priced at P2.5 million below enjoyed VAT-free transactions. Now, the VAT-free ceiling has been increased to properties priced up to PhP3,199,200.
This of course spells great news for millions more Filipinos who are seeking to fulfill their lifelong dream of owning their own home, especially condominium dwellings in the metropolis. And along with consumers, developer DMCI Homes lauds the move from the internal revenue bureau.
“We commend the government in its firm commitment to provide Filipinos easier and greater access to better housing options,” says Alfred Austria, president of DMCI Homes, the property development affiliate of triple-A and renowned contractor D.M. Consunji Inc.
DMCI Homes is particularly elated with the new real estate VAT ruling, with the belief that it will strengthen and grow stronger purchasing opportunities for its core target market of middle-income Filipinos and starting families.
“From the inception of DMCI Homes, our focus has always been on providing hardworking middle class Filipinos with homes that exceed their expectations and provide exceptional value for their money,” adds Austria. “Now, our condo home buyers will benefit from greater purchasing power and ownership that is much easier on their pockets.”
DMCI Homes sets itself apart in the tough real estate market by consistently offering real estate projects that buck popular trends, such as those toward maximizing profit by offering increasingly smaller units and dwellings.
“We set and stick to standards of property development that we think offers the best possible modern dwelling solution for our core market.” explains Austria. Based on market research, insight and actual experience, the genuine middle-income market seeks a condo home that is reasonably spacious—both inside and out.
Whereas popular city condo developments these days offer basic units in studio or one-bedroom permutations, DMCI Homes proudly sets the standard of two-bedroom units for the typical Filipino condo home buyer, who may be single and intending to start a family very soon, or for actual growing families themselves.
These two-bedroom DMCI Homes units are usually 54-55 sqm in gross floor area, contained in masterplanned communities that offer a variety of amenities that are equally spacious. “Through superior design and construction techniques and processes, we are able to continue offering these types of units at prices below the new VAT threshold,” says Austria. “The move saves hundreds of thousands of pesos for our customers, funds that they can use for improvements and other purchases.”
DMCI Homes believes that for wise condo buyers, the math should be simple—for a price below the VAT ceiling, they can settle for either an entry-level studio from other prominent developers, or a two-bedroom unit from DMCI Homes.
The two-bedroom units are available in most DMCI Homes projects. DMCI Homes’ newest projects include: The Amaryllis located in E. Rodriguez Ave. cor. 12th St., Quezon City; Sorrel Residences located in Sociego St., Sampaloc, Manila; Zinnia Towers along North Edsa, Quezon City; and One Castilla Place located in Castilla St., Brgy. Valencia, Quezon City.
“Shop around, compare, and never be afraid to ask,” advises Austria of condo hunters. With the new VAT ruling on property developments, the market is sure to grow even further and competition will intensify, but not without an upper hand for trustworthy developers such as DMCI Homes.
Flair Towers DMCI Builds Ideal Condo Lifestyle
Updated April 30, 2012 3:13 PM
Two new structures are set to become the latest symbol of ideal condo living in Mandaluyong, as DMCI Homes beefs up construction of its latest project in the area, the Flair Towers.
The project is a two-tower residential condominium complex, the North and South Towers, rising at 41 stories each on 1.4-hectare prime land. It is designed with one of the developers’ most notable building technologies: the Lumiventt Design Technology.
The innovative concept in high-rise living refers to an architectural building design that aims to maximize the natural benefits of light (lumen) and air (ventus). The Lumiventt design allows light to enter and fresh air to freely circulate among common areas and even in the residents’ individual units through Sky Patios, or three-story high openings at the front and back of each building, on every five floors.
The sky patio and garden atriums will be adorned with abundant landscaping and water features to provide not only fresh air but also an aesthetic relief to extend the modern-tropical theme of the entire development.
The buildings will have its own lobby and common lounges where residents can enjoy free Wi-Fi connection.
A sky lounge and landscaped decks will also add a tropical feel and vacation lifestyle to the property, not to mention having an Observatory and Jacuzzi at the roof deck.
Outside the building, the resort lifestyle expands with its country club-style recreational amenities. The Central Amenity Core will comprise more than one hectare of the property footprint.
It will contain separate areas for active play and passive leisure activities. There will be an Active Zone for play courts, jogging trail, and playground; while the Pool Complex will contain the lounge pool, lap pool, and the kiddie pool as well as the palm promenade, alfresco view decks, picnic grounds, and pavilions.
The project is soon to rise at Reliance corner Pines Street in the heart of Mandaluyong City. It is one block away from the major thoroughfare of EDSA, two blocks from busy Shaw Boulevard, Pioneer and the Boni MRT station.
This address will make it convenient both for young professionals and families. Commercial centers like Shangri-La Mall, Starmall, Robinsons Place Pioneer, SM Megamall, The Podium, and Metrowalk are all located less than 10 minutes away.
Schools like Lourdes School Mandaluyong, University of Asia & the Pacific, Poveda Learning Center, and La Salle Greenhills, are found within 10 minutes of the location.
Hospitals like The Medical City and Cardinal Santos Medical Center are also nearby, as well as the business districts of Makati, Bonifacio Global City, and Ortigas.
The towers were conceptualized to address the need of owning a home that’s not just convenient but exclusive. It offers privacy amidst its numerous lifestyle facilities, with 24/7 security to add to one’s peace of mind.
Flair Towers, 500 meters away from EDSA, is a premier condo com¬munity project of DMCI Homes — a company of innovative builders and engineering experts who develop modern day living solutions for urban families.
DMCI Homes’ Flair Towers: A new symbol of residential exellence
Updated April 25, 2012 12:00 AM
Two new structures are set to become the latest symbol of ideal condo living in Mandaluyong, as DMCI Homes beefs up construction of its latest project in the area, the Flair Towers.
Located in one of the most strategic centers that will bring residents closer to key business districts and lifestyle hubs, this addition to the DMCI Homes’ roster of excellence will also provide a natural haven in the city. Flair Towers is a two-tower residential condominium complex that will reflect DMCI Homes’ excellence in condominium lifestyle, a trait which has made the developer a champion in the real estate industry.
The North and South Tower of this condominium development will reflect the convenience and prestige of living in a DMCI Homes community.
Rising at 41 storeys each on 1.4 hectares of prime land, the Flair Towers is designed with one of the developers’ most notable building technologies: the Lumiventt Design Technology.
This innovative concept in high-rise living refers to an architectural building design that aims to maximize the natural benefits of light (lumen) and air (ventus). The Lumiventt design allows light to enter and fresh air to freely circulate among common areas and even in the residents’ individual units through Sky Patios, or three-storey high openings at the front and back of each building, on every five floors.
The sky patio and garden atriums are adorned with abundant landscaping and water features to provide not only fresh air but also an aesthetic relief to extend the modern-tropical theme of the entire development. The buildings will have its own luxurious grand lobby and common lounges where residents can enjoy free wi-fi connection.
A sky lounge and landscaped decks also add a tropical feel and vacation lifestyle to the property, not to mention having an Observatory and Jacuzzi at the roof deck.
Outside the building, the resort lifestyle expands with its country club-style recreational amenities. The Central Amenity Core will comprise more than 1 hectare of the property footprint. It will contain separate areas for active play and passive leisure activities. There will be an Active Zone for playcourts, jogging trail, and playground; while the Pool Complex will contain the lounge pool, lap pool, and the kiddie pool as well as the palm promenade, alfresco view decks, picnic grounds, and pavilions.
At the center of everything
Flair Towers will rise on a very prime location: Reliance corner Pines Street in the heart of Mandaluyong City. A one block away from the major thoroughfare of EDSA, two blocks from busy Shaw Boulevard, Pioneer and the Boni MRT station.
This address will make it very convenient both for young professionals and families who travel to and from home to the office or school, because of the accessible road network and transport depots. Aside from work though, the place also offers access to leisure establishments and important institutions.
Commercial centers like Shangri-La Mall, Starmall, Robinsons Place Pioneer, SM Megamall, The Podium, and Metrowalk are all located less than 10 minutes away. Schools like Lourdes School Mandaluyong, University of Asia & the Pacific, Poveda Learning Center, and La Salle Greenhills, are found still within 10 minutes of the location. Hospitals like The Medical City and Cardinal Santos Medical Center are also nearby, as well as the business districts of Makati, Bonifacio Global City, and Ortigas.
A heritage of trust
Flair Towers was designed with young and discerning urban families in mind. It was conceptualized to address the need of owning a home that’s not just convenient but exclusive. Flair Towers offers privacy amidst its numerous lifestyle facilities, with 24/7 security to add to one’s peace of mind.
These factors have set the developer as one of the most trusted brands when it comes to constructing homes that last, and nurtures every resident’s personal needs.
Flair Towers, 500 meters away from EDSA, is a premier condo community project of DMCI Homes—a company of innovative builders and engineering experts who develop modern day living solutions for urban families. Each of their developments is built with world-standard craftsmanship borne from D.M. Consunji Inc.’s almost 60 years of experience in the construction and development industry. DMCI Homes offers its customers the highest level of expertise and its strict adherence to global standards. Its corporate philosophy is anchored on a deep understanding that buying a home is more about investing in a better way of living. Flair Towers is the perfect validation of this timely proposition. Thanks to this feature-rich ideally located community, residents can finally enjoy a more comfortable and meaningful way of life where they can feel real good to be home.
Flair Towers: Convenience and security defines DMCI Homes project
The Philippine Star
Updated January 13, 2012 12:00 AM
MANILA, Philippines – DMCI Homes’ one of the first forays in high-rise projects, Flair Towers , is considered one of the most ideal residential communities in the metro.
Apart from being located in a strategic point Mandaluyong City, Flair Towers also boasts of amenities and security measures that make the development a top investment decision one could ever make.
Living in a private resort
Boasting on a Tropical-themed set-up that offers residents their very own getaway in the city, Flair Towers is designed to become a private haven outside of their home.
Flair Towers amenities architect’s perspective (aerial view)
Residents of the two-tower project simply take an elevator to reach an array of amenities that one only finds in resort
The outdoors conveys country club-style recreational amenities. Residents will enjoy the Central Amenity Core, which comprises more than one hectare of the property footprint. It will contain separate areas for active play and passive leisure activities. There will be an Active Zone for play courts, jogging trail, and playground; while the Pool Complex will contain the lounge pool, lap pool, and the kiddie pool as well as the palm promenade, alfresco view decks, picnic grounds, and pavilions.s or a desired hotel.
Rising at 41 storeys on 1.4 hectares of prime land, Flair Towers aimed to achieve this through a one-of-a-kind architectural signature: the Lumiventt Design Technology.
This innovative concept in high-rise living refers to an architectural building design that aims to maximize the natural benefits of “light” (lumen) and air (ventus). The Lumiventt design allows light to enter and fresh air to freely circulate among common areas and even in the residents’ individual units through Sky Patios, or three-storey high openings at the front and back of each building, on every five floors.
The sky patio and garden atriums are adorned with abundant landscaping and water features to provide not only fresh air but also an aesthetic relief to extend the modern-tropical theme of the entire development. The first tower also has a grand lobby and open lounge areas with Wifi connection, function rooms, a sky lounge, and landscaped roof decks called The Observatory with an outdoor jacuzzi pool.
Peace of mind at home
As an exclusive community, one major consideration that is ensured to future homeowners is the security. Extra measures were extended to ensure that unit owners will feel safe the moment they step in at Flair Towers’ guarded property lines.
The compound is well-lighted, and surrounded by an electrified perimeter fence. Cars also have barriers for extra security, while CCTV cameras are situated in strategic areas.
There are also roaming guards that go around the property 24/7. Brown-outs are also not a problem as there are back-up power supplies for the units and common areas.
A flair for the good life in Mandaluyong city
The Philippine Star
Updated October 01, 2011 12:00 AM
Kids have all the fun: The kiddie and lap pool
MANILA, Philippines – Today’s fast-paced lifestyle is fast turning into a life of compromises. Living in the metropolis opens up a world of opportunities to better one’s life and help secure a bright future for one’s family. However, constantly engaging in the urban rat race can take its toll on one’s health and overall well-being.
While choosing to live in and around the Metro’s seemingly more relaxed outskirts is an option, this often proves more stressful as countless hours and resources are wasted just to get to and from work or school.
This is what DMCI Homes had in mind when it conceived Flair Towers. Flair Towersis set to deliver the best of both worlds.
Flair Towers, a two tower residential development, is ideally situated right in the heart of Mandaluyong City. Dubbed as the “Tiger City of the Philippines,” Mandaluyong City takes pride in being centrally located between the “Golden Triangle” made up of Makati, Quezon City, and Manila. Moreover, it is accessible from the bustling Makati, Ortigas, and Fort Bonifacio Global City Central Business Districts (CBDs). As if this wasn’t enough, it likewise boasts of having a number of first-rate schools, hospitals and shopping and leisure establishments right within a convenient “3-kilometer zone” radius.
The 1.4-hectare property is nestled at the corner of Reliance and Pines Streets which makes it reachable to the major thoroughfares of EDSA, Shaw Boulevard and Pioneer, making it a breeze for residents, whether they have their own private vehicles or need to rely on public transportation.
Flair Towers is the ideal location for families and urban professionals that place accessibility and safety at the top of their home-shopping list. Parents and single folk need not worry about traveling too far or wasting too much time being stuck in traffic just to get to and come home from work. Meanwhile, the young ones don’t need to get up too early just to get to school; they likewise don’t need to come home too late at day’s end.
Each tower features modern design and amenities mixed with a tropical touch. Common areas boast Wi-Fi connectivity, though set within a relaxing environment exuding a soothing ambience. Function rooms, meanwhile, can be used by residents who want to hold meetings or gatherings with family and friends, without going too far from home. Music lovers will delight in the South Tower’s very own music room and health buffs will have a blast getting in shape at the fitness gym.
Flair Towers is naturally fitted with DMCI Homes’ Lumiventt design technology. The Lumiventt concept makes full use of the natural elements light (lumen) and air (ventus) and allows each one to flow freely in common areas as well as within each of the residential units. Moreover, both 41-storey towers are equipped with the Lumiventt-trademark Sky Patio (three-storey-high openings at the front and rear, at every five floors) and an Observatory or Roof deck. Lush landscaping within each of the Sky Patios, central atriums, and Observatory further contribute to relaxation and well-being.
The tropical resort design extends within the Flair Towers’ gated complex itself. Flair Towers is touted to be the only residential community that will dedicate around 70 percent of the property for amenities alone. This means there will be more than enough room for the active zone where one will find the full-size basketball court, jogging paths, cabanas and a kiddie playground. Residents and their guests who prefer a more passive way of relaxing can revel in the pool zone thanks to the lounge and lap pools and kiddie pools. These are interspersed with water walls, lighted walkways and pool decks for a truly stress-free environment. There are a lot of space to keep everyone relaxed and content.
If you think that all this exclusivity comes at a hefty price, think again. Flair Towersoffers first-rate resort-style living at a friendly price. This makes it ideal for newlyweds and start-up families that are starting out in life and saving up for a secure future. Young professionals won’t find themselves cash-strapped due to monthly amortization and investors such as OFWs and folks looking for a second home to invest in, won’t have their savings depleted while paying up.
An ideal location, an upscale and relaxing home environment and a value-friendly price — modern Filipino homebuyers will get only the real deal at Flair Towers.
All is Flair in living and well-being
The Philippine Star
Updated May 07, 2011 12:00 AM
ARTMAGEDDON By Igan d’Bayan
The air up Flair: An artist’s perspective of DMCI Homes’ soon-to-rise, two-tower, high-rise residential condominium complex called Flair Towers on Reliance St., Mandaluyong City.
One could imagine gazing down upon Reliance Street from a great height in this soon-to-rise condominium in Mandaluyong City, with Makati, San Juan and Ortigas in the peripheries — wind on one’s face, boxes of lights down below. Or sitting in a comfy spot near the building’s three-storey-high/six-meter-wide patio, airy and well lit — with a cup of coffee and a heavily creased Will Self book. Or just plain loving owning a unit in this two-tower, high-rise residential condominium complex called Flair Towers, the latest development by DMCI Homes.
While other developers would build three structures on 1.4 hectares of land, DMCI Homes, according to its president Alfredo Austria, elected to build two towers instead and allocate a whopping 70 percent of the land area for amenities. A full-size basketball court. Jogging trails. A kiddie playground. A pool zone. Cool cabanas dotting the place. Ah, the life in Flair.
“Even as you enter the compound, andun na ’yung resort look and feel of Flair Towers,” Austria explains.
There is even a roof deck, he adds. (Hmm… not unlike the one in Marina Bay Sands in Singapore where I found myself billeted with my buccaneering artist friends early this year, with Saturday-morning-coming-down moments… but that’s another story altogether.)
“The Observatory, as we call it, has a sky lounge, garden, jacuzzi, even glass panels to regulate the amount of wind that comes in.”
Air, Flair and everywhere: Flair Towers’ amenities — from the active zone to the pool complex
Dig the patios at the front and back of each building, the breezeways at the end of each floor, and the central atriums every five floors. They are an extension of DMCI Homes’ Lumiventt design philosophy: “A combination of several building design features that maximize the natural benefits of light (lumen) and air (ventus). It allows light to enter and fresh air to freely circulate in common areas and even inside residential units.”
Austria amplifies, “Nagiging naturally-lighted ’yung atriums, and may cross-ventilation so nagiging very breezy pati ’yung loob ng buildings. It would allow you to save up on electricity, lalo na sa air-con.” And DMCI Homes’ design technology allows the high-rise buildings to, er, “breathe,” sparing the residents from the restrictive effects of living in concrete surroundings.
A lot of people are sick of “sick buildings.” The lighting and ventilation are artificial; the air-conditioners, the fluorescents are always on — bad for the eyes and “bad air” never finds a way out.
At Flair Towers, what happens is the reverse.
He says, “And our Lumiventt design technology has been proven (to be effective) already. We’ve done this with our Tivoli Garden project also in Mandaluyong. Now, we’ve improved it even further.”
Lap of luxe: The master’s bedroom and living room of Flair’s three-bedroom unit (above); the dining area and modern posh shelves
You could just imagine the added costs of providing these features, but the people behind DMCI have taken upon themselves to up the ante when it comes to creating tropical resort-like residential condominiums.
“We try to come up with ways to do these things cost-effectively — through good engineering practice, by getting the best structural designers to work on the buildings, by utilizing the learnings from previous projects. Nag-e-evolve ‘yung design and construction methods namin because (owing to the fact that DMCI is both builder-and-developer) things are done in-house. At tuluy-tuloy ang research-and-development efforts.”
IN ALL FLAIR-NESS
Austria and the other DMCI executives take us on a tour of the model units. The interiors of the units at Flair were designed by Mickey Dacumos, with motifs that range from modern posh (smart, contemporary, clutter-less, with clean lines) and modern tropical, among others, to whatever-the-clients-have-their-hearts-set-into.
The units are designed to give tenants the impression they are living in an honest-to-goodness house: roomier and with natural light streaming from both sides of the area, not just one. Unlike those by other condo developers where Claustrophobia reigns and throws grand parties inside the sick building; you leave your concrete-and-steel office building to enter your concrete-and-steel residential building (from one tunnel to another); and your door opens to another unit, so you feel trapped like in one of those surreal M.C. Escher houses.
The good people at DMCI will have none of that. “Here,” explains Austria, “your door opens into a landscaped atrium — breezy and with natural light. That’s very important for us.”
In terms of location, Flair Towers is less than three kilometers away from major malls such as Shangri-La, Robinsons Place Pioneer, SM Megamall, and The Podium. Nearby is the Boni MRT station and accessible are EDSA and Shaw Boulevard. No need to take leaps and bounds to get to the business districts of Makati, Bonifacio Global City and Ortigas. What a draw for hardworking middle-income professionals working within the area.
Flair Towers happens to be designed primarily for “young, discerning urban families” who want to settle down in this happening part of the city.
Austria concludes, “We believe in the importance of the composition of the communities. In the end, it’s not just about the structure, but about the people living within.”
The target turnover for Flair’s south tower is February 2014.
DMCI puts ‘green’ in new high-rise in Mandaluyong
April 25, 2011, 10:35pm
By MAE LORRAINE S. RAFOLS
Two-bedroom model unit
MANILA, Philippines – With ‘trees’ growing every five floors, and landscaped gardens lining the hallway of every unit, property developer DMCI Homes continues to revolutionize city living through green architecture in their latest project, Flair Towers in Mandaluyong City.
At the forefront of the company’s newest endeavor is the Lumiventt advantage, a pioneering concept in high-rise living which allows natural light and air to flow freely around the building – eliminating the restrictive feeling of being surrounded by concrete, and allowing future residents to lead a sustainable lifestyle.
The two-tower project, with 41 floors each, will benefit from the features of the building technology by employing a design that lets light to enter and fresh air to freely circulate among common areas and even in the individual units.
This is achieved through architectural elements like single-loaded corridors wherein units open to a landscaped hallway instead of a wall or the door of another unit like in most condominiums. There are also three-storey high sky patios at the front and back of each building which feature pocket gardens full of flowering bushes and ornamental trees. The central atriums located every five floors have breezeways that allow the high-rise building to ‘breathe.’ On top of the towers will be the Sky Lounges and landscaped roofdecks which not only offers a relaxing setting to enjoy the view of the metropolis skyline, but also helps improve ventilation of the two towers.
Flair Towers is the second DMCI project to feature the Lumiventt advantage.
The first is Tivoli Gardens on the other side of Mandaluyong.
Aside from these unique designs, around 70 percent of the 1.4-hectare property is dedicated to green open spaces which not only features various lifestyle amenities for a growing family, but also puts in nature to the surrounding.
Located at the ground floor is the Central Amenity Core which will have separate areas for active play and passive leisure activities. The active zone will feature a basketball court, jogging trail and the children’s playground.
The pool complex will offer a spot for cool dips during summer with its lounge pool, lap pool, and the kiddie pool. The Palm Promenade, on the other hand, will house the alfresco view decks, picnic grounds and pavilions. Encapsulating all these amenities are landscaped walkways and gardens that add a green touch to the whole community.
For starting families
“Flair Towers is primarily targeted for upstart families looking for a place that does not only feel safe, but offers them the comfort and convenience of living in a resort atmosphere without the restrictive price. This new project is DMCI Homes’ way of helping middle-class Filipinos achieve their dream of owning their own houses,” said Alfredo Austria, DMCI Homes president.
To further stress the company’s commitment to providing quality homes, all of their units are significantly more spacious compared to other projects. The smallest studio unit starts at 24 sqm, while the largest three-bedroom is around 114 sqm.
Some of the units also have its own balcony, which also provides natural lighting, and all homes have windows along the hallway wherein light and air from the atrium penetrates.
Parking won’t be a problem as there are around 1,500 slots for private vehicles.
Flair Towers is located a few meters from EDSA corner Reliance Street in Mandaluyong, near Pioneer. The location central is near key business districts like Makati and Ortigas, and major transport hubs like the MRT station.
There are also lifestyle centers nearby such as Shangri-La EDSA, Megamall and Robinsons Pioneer.
Medical institutions like the Victor Potenciano Medical Center and the Medical City is a short ride away.
DMCI Homes eyes 20% growth
Malaya Business Insight
THURSDAY APRIL 14, 2011 PHILIPPINES
DMCI Homes is targeting a 20 percent growth rate or a gross sales revenue of P18 billion, according to Joseph Ramil Lombos, director for finance and operations.
This will be boosted by the launch of at least eight new projects located in key areas around the metro.
The main challenge for the company is to maintain a certain inventory for sales, eyeing available areas for redevelopment as potential additions to its land bank.
“We have identified certain properties including parcels of land formerly housing manufacturing buildings and warehouses as future sites of our projects. Since we have defined our focus towards medium-rise projects, we are looking for 3 to 5-hectare lands that can accommodate such type of development,” Lombos said.
DMCI Homes’ core business of building medium-rise condominium residences sustains its strong run in 2011, buoyed by a period of exponential growth in 2010 and cementing its position as the industry’s unrivaled leader in the mid-rise segment.
Lombos said the company’s 71 percent jump in annual gross sales revenues of P14.7 billion in 2010 from P8.6 billion in 2009 is credited to DMCI Homes’ well-admired reputation and brand leverage for quality, safety, innovation, and a commitment to complete projects on schedule.
“DMCI is a Triple A builder-developer backed by its mother company, the DMCI Group, which owns a peerless reputation in the construction industry for more than 50 years. We are proud to say that we have proven ourselves in the industry and to our valued clients, whom we owe for our unprecedented income growth of more than 300 percent since we started 10 years ago,” Lombos said.
On January 14 this year, DMCI Homes entered into a notes facility agreement with an umbrella group of banks and financial institutions that will finance land acquisition initiatives and corporate requirements.
The P5-billion, five-year fixed-rate facility will enable the company to beef up its inventory and supply more quality products to the consistently growing market demand.
One of DMCI Homes’ current projects that have registered outstanding sales in 2010 is Flair Towers, which will rise on a former manufacturing plant located near the Ortigas CBD and has been received well by the market prior to its official launch.
Marz J. Encarnacion, senior project development manager, said the location of Flair Towers, which also features other projects by major developers, will further confirm the status of DMCI Homes as a key player in the industry.
“We are confident of Flair Towers as our answer to the medley of residential developments in the area. Even if it’s a high-rise development, Flair Towers will be one of the least dense projects in the area. It will also be purely residential unlike the competition which will have commercial components where security and privacy will be a major concern,” she said.
Other DMCI Homes projects include: La Verti Residences in Pasay which was declared 50 percent sold during its launching month alone; Siena Park Residences in Bicutan which has launched five buildings already since 2010; and Accolade Place in Quezon City – a boutique concept, single-building mid-rise condominium featuring more premium units, which was sold out three months after its launch.
DMCI Homes aims to be the industry’s leader in “genuine, resort-inspired daily living” through its medium-rise projects.
Lombos said the company is now looking into other types of developments such as the high-rise and the hybrid-type community which consists of both high-rise and medium-rise condominium buildings.
In the long run however, Lombos said that their core competence in the mid-rise segment will be sustained by imposing an inventory ratio of 70 percent for medium-rise developments, with the rest allocated for high-rise and other product types. Future expansion plans will include developments outside Manila such as in Laguna, Pampanga, Bulacan, and Cebu.
A Flair for modern living
The Philippine Star
Updated March 12, 2011 12:00 AM
Flair Towers’ active play zone architect’s perspective (aerial view)
MANILA, Philippines – Carl, a luxury car sales manager, and Issa, a children’s book writer, are looking for a home in the Makati-Mandaluyong-Ortigas area that is near the major business districts. At this point in their lives, the young couple realized that it is time to find a home where they can fulfill both personal and career goals while enjoying the perks of urban living.
They seek ample space where they can come home to and enjoy a well-deserved respite. It has to be strategically located near commercial spots where they can meet with friends and relatives, loosen up and unwind. All these ideals are taken to heart by the country’s leading residential resort developer, DMCI Homes, through its latest project, Flair Towers. Located only a few meters from EDSA corner Reliance Street in Mandaluyong City, Flair Towers is a two-tower, high-rise residential condominium that is set to redefine the standards of modern in-city living.
As such, the Flair Towers was designed specifically for the needs and living requirements of its residents. As their primary address, their home at Flair Towers will serve as a sanctuary within the city that will provide them easier access to their offices in the nearby business districts of Ortigas, Makati, and Bonifacio Global City, as well as the leisure and recreational destinations in the area.
The development will likewise be a viable property or investment opportunity for the families of OFWs, presenting attractive benefits as proven by the buyers from the same segment in other DMCI Homes developments. Buyers can choose from an enticing mix of unit options designed with flexible and efficient space, first-rate finishes and quality craftsmanship: one-bedroom, two-bedroom, or three-bedroom unit, at a price that suits their status.
The pool zone will feature a lounge pool, a lap pool and a kiddie pool, to allow the residents and their families to get together and relax during their free time.
Situated atop 1.4 hectares of prime property, approximately one hectare of land area is allotted for the shared amenities that residents can enjoy at Flair Towers. True to the developer’s reputation, another innovation is incorporated into the development as a first for any DMCI Homes development: Flair Towers’ tropical resort design which offers two amenity zones: the active play zone and the pool zone.
The active play zone will feature a full-size basketball court, jogging trails, a kiddie playground and several cabanas to cater to the active lifestyle of the typical city dweller. The pool zone, on the other hand, will feature a lounge pool, a lap pool and a kiddie pool to allow residents and their families to get together and relax during their free time.
Sky Lounges and landscaped roof decks per tower take full advantage of the project’s prime location, as the perfect place to enjoy the city skyline. Another real treat for the residents will be the balconies in all units for them to enjoy the stunning amenity views that beckon below.
The signature Lumiventt design technology will treat residents to an invigorating daily living experience, through a unique building concept that allows the maximum entry of natural light (lumen) and air (ventus) throughout common areas and the residents’ individual units. This building design includes single loaded corridors, three-story high-sky patios at the front and back of each building, breezeways at the end of each floor and central atriums every five floors. For the outdoor feel to flow even inside the building, the sky patios and central atriums are appointed with abundant landscaping and water features that provide not only fresh air but also an aesthetic relief.
All these distinct features are designed to foster family bonding and encourage a harmonious community lifestyle, through a genuine resort and country-club feel permeating around the development.
DMCI Homes is the country’s premier triple A builder-developer that brings serviced, themed communities within reach of urban families who once had limited residential options, but still aspire to achieve a comfortable, enriching quality of life proximate to their place of interest.
DMCI Homes redefines standards of in-city living with Flair Towers
The Philippine Star
Updated November 20, 2010 12:00 AM
In the Tiger City of the Philippines:
Architect’s aerial perspective of Flair Towers on Reliance corner Pines Sts. in Mandaluyong City
MANILA, Philippines – With the young modern family in mind, DMCI Homes is providing an option to the harried lifestyle of cosmopolitan dwellers. As the country’s premier triple-A builder-developer that brings serviced, themed communities within reach of urban families, DMCI Homes is once again introducing an innovative property development that is set to change the standards of in-city living.
Flair Towers is a two-tower high-rise residential condominium development located on Reliance corner Pines Streets at the heart of Mandaluyong City. Nicknamed the “Tiger City of the Philippines” and located in the heart of Metro Manila, Mandaluyong City is an ideal location for businesses and residential developments alike. It is bordered on the west by the country’s capital, Manila, to the north by San Juan City, to the east by Quezon City and Pasig City, and to the south by Makati City. Being between the two biggest CBDs in the metropolis — Makati and Ortigas — Mandaluyong is the most ideal melting pot for businessmen and corporate individuals alike.
Active lifestyle kiddie:
The active play area will feature a full-size basketball court, jogging trails, a kiddy playground and several cabanas.
Situated atop 1.4 hectares of prime property, approximately 75 percent of land area is to be allotted for amenities. This premium advantage presents another first for any DMCI Homes development: Flair Towers ’ tropical resort design, which offers two activity zones: the active play and the pool zone. The active play area will feature a full-size basketball court, jogging trails, a kiddy playground and several cabanas to cater to the active lifestyle of the typical city dweller. The pool zone, on the other hand, will feature a lounge pool, lap pool and kiddy pool, to allow residents and their families to get together and relax.
To complete the resort living experience and, true to their commitment of providing young urban families a natural home setting amid the bustling metro, DMCI Homes presents another pioneering concept in high-rise living: aptly named the Lumiventt advantage, this architectural building design offers condo dwellers a unique glimpse of suburban living right within the city.
Push and pools:
The pool zone will feature a lounge pool, lap pool and kiddie pool, to allow residents and their families to get together and relax.
A combination of several building design features that aims to maximize the natural benefits of “light” (lumen) and air (ventus), Lumiventt design technology allows light to enter and fresh air to freely circulate among common areas and even in the residents’ individual units. Employing single-loaded corridors, three-story-high sky patios at the front and back of each building, breezeways at the end of each floor and central atriums every five floors, this design technology ultimately allows the high-rise buildings to “breathe” and spares the residents from the restrictive effects of living in concrete surroundings.
Aside from the building design, the sky patios and central atriums are dotted with abundant landscaping and water features to provide not only fresh air but also aesthetic relief.
Set to be launched by DMCI Homes within the last quarter of this year, Flair Towers is an attractive property for the discerning homebuyer, allowing them to live the resort life in their own private urban retreat right in the heart of the Mandaluyong CBD.
DMCI Homes raises standards of in-city living with Flair Towers
November 15, 2010, 4:39pm
MANILA, Philippines – Living in the city has its charm that most urbanites cannot resist. A city address presents convenient options for access to everyday necessities, important places of work and leisure, plus the prestige that comes with residing in the city.
With the young modern family in mind, DMCI Homes is providing an option to the harried lifestyle of cosmopolitan dwellers. As a triple A builder-developer that brings serviced, themed communities within reach of urban families, the company is again introducing an innovative property development that is set to change the standards of in-city living.
Flair Towers is a two-tower high-rise residential condominium development located in Reliance corner Pines Streets in Mandaluyong City. Nicknamed as the “Tiger City of the Philippines” and located in the heart of Metro Manila, Mandaluyong City is an ideal location for businesses and residential developments alike. It is bordered on the west by the country’s capital, Manila; to the north by San Juan City, to the east by Quezon City and Pasig City; and by Makati City to the south. Being between the two biggest CBDs in the metropolis – Makati and Ortigas – Mandaluyong is a melting pot for businessmen and corporate individuals.
Standing on a 1.4-hectare prime property, approximately 75 percent of land area is allotted for amenities. This advantage presents another first for any DMCI Homes development:
Flair Towers’ tropical resort design offers two activity zones, the active play and pool zone.
The active play area will feature a full-size basketball court, jogging trails, a kiddie playground and several cabanas to cater to the active lifestyle of city dwellers. The pool zone, on the other hand, will feature a lounge pool, a lap pool and a kiddie pool, to allow the residents and their family to get together and relax.
DMCI Homes presents another pioneering concept in high-rise living. Aptly named the Lumiventt advantage, this architectural building design offers the city condo dwellers a unique glimpse of suburban living right within the metropolis.
A combination of several building design features that maximize the natural benefits of “light” (lumen) and air (ventus), the Lumiventt design technology allows light to enter and fresh air to freely circulate among common areas and even in the residents’ individual units.
Employing single-loaded corridors, three-story high sky patios at the front and back of each building, breezeways at the end of each floor and central atriums every five floors, this design technology allows the high-rise buildings to “breathe” and spares the residents from the restrictive effects of living in concrete surroundings.
It will be launched by DMCI within the last quarter this year.
DMCI Homes plans P5-B syndicated loan
Manila Standard Today
Tue July 20, 2010
by Jenniffer B. Austria
DMCI Holdings Inc., the listed holding company of the Consunji family, will borrow P5 billion through a syndicated loan to finance the expansion of its property unit.
DMCI president Isidro Consunji told reporters Monday the company planned to finalize the loan by October this year. It tapped BDO Capital Investment Corp. to act as lead arranger of the syndicated loan.
“We will issue syndicated loan worth P5 billion for the expansion of our housing unit,” Consunji said.
DMCI Homes, the property unit of DMCI Holdings, earlier said it planned to spend P5.5 billion in capital expenditure and unveil nine new residential condominium projects this year.
DMCI Homes launched three projects in the first half of the year, namely the Cedar Crest, a medium-rise residential development in Taguig; The Redwoods, a residential village in Fairview Quezon City; and Iris Tower at Tivoli Garden Residences in Mandaluyong City.
DMCI Homes plans to unveil six more new projects in the second half of the year., These include the La Verti Residences, a twin high-rise tower in Taft Ave, Pasay; Flair Towers, a two-tower structure along Reliance Street in Edsa; Sienna Park Residences, a medium-rise development in West Avenue Bicutan; a medium rise development in Visayas Avenue in Quezon City; and another in Muntinlupa.
DMCI will zero in on start-up families with combined monthly income of between P80,000 and P100,000. The monthly amortization for these projects ranges from P20,000 to P30,000.
The company has set an internal target of P10.5 billion in reservation sales this year from P9.5 billion in 2009. DMCI Homes plans to increase its annual net income and revenues by 20 percent over the next five years.
DMCI Homes 20 sold out projects and has 12 ongoing projects, including Raya Gardens in Merville, Paranaque; Rosewood Pointe in Taguig City; and Magnolia Place in Tandang Sora in Quezon City.
DMCI, aside from real estate, is engaged in the construction, coal mining and water services.
DMCI Homes gears up for second sem 2010
The Philippine Star
Updated June 11, 2010 12:00 AM
MANILA, Philippines – For urban-dwellers seeking homes within the city, condo living has become the preference. Almost every corner is already cramped with residences, offices, commercial spots, institutions, parks, and other man-made structures, so development has no way to go but up.
While living in a vertical village has become the norm, the growing number of medium-rise and high-rise condominium developers presents the market with small spaces, poorly-planned projects, and limited choices to live life to the fullest.
At the forefront of providing end-users with innovative community solutions that allow families to forge relationships within their community is DMCI Homes. Taking their target market’s sensibilities into consideration, DMCI Homes has created the medium-density condominium concept to fulfill the needs of the middle-income market segment.
As today’s leading builder/developer, DMCI Homes is focusing on providing clients a wealth of community amenities that addresses the condo dweller’s active lifestyle needs in both work and play. Among others, advantages extend to a lock-up-and-go lifestyle, an efficient property management team, plus the exclusivity and security that residents will not find in other types of housing developments.
Ask thousands of residents now dwelling in over 10,000 turned-over units of DMCI Homes’ projects and responses are deemed to be mostly positive. Alfredo R. Austria, DMCI Homes president, notes that a big part of the company’s business comes from referrals of friends and relatives of DMCI homeowners. There are also a lot of “repeat” buyers who wish to upgrade to a new development or those who are buying units for their children and extended families.
Word of mouth is indeed one effective method of establishing an esteemed reputation, and this, DMCI Homes has achieved in just 10 years of operations. Within this decade of unprecedented growth, the company has crafted highly-successful communities such as: Raya Gardens in Merville, Parañaque; Rosewood Pointe in Acacia Estates, Taguig City; Tivoli Garden Residences near the Makati CBD, and Magnolia Place in Tandang Sora Ave. Extension in Quezon City.
To celebrate its 10th year, DMCI Homes launched three more projects in the first quarter of 2010: Cedar Crest, a medium-rise residential development in Taguig City; The Redwoods – a neo-Asian inspired residential village in Fairview, Quezon City; and the Iris Tower at the Tivoli Garden Residences – the only high-rise garden community in Mandaluyong City.
Not resting on its laurels, DMCI Homes proceeds with the launch of more developments in 2010. By the second half of the year, it will be unveiling new projects dubbed as the “Big 6”: La Verti Residences – a twin high-rise tower located behind the Manila Adventist Hospital along Donada St. in Taft Ave., Pasay; Flair Towers – a two-tower high-rise along Reliance corner Pines St. near EDSA; Sienna Park Residences – a medium-rise development in West Service Road, Bicutan, Parañaque City; a medium-rise development in Visayas Ave., QC; and another medium-rise property in Muntinlupa that will be set on a sprawling 3 hectare property.
Austria said that the company attributes its growing portfolio of projects to the DMCI Group’s core competence which is construction. Backed by more than 50 years’ track record in the industry, DMCI Homes is able to deliver quality-crafted communities right on time or even ahead of schedule, so that the waiting time for home buyers is shorter. They can even move in right away after settling the downpayment.
DMCI says family buyers to sustain its growth
Malaya Business Insight
THURSDAY JUNE 3, 2010 PHILIPPINES
BY ALBERT CASTRO
Consunji-led DMCI Holdings, Inc. is keeping its faith on the resiliency of the market in the real estate industry, developing products that will cater to the need of families looking for ample space.
The company, which is looking to double its business in five years, justifies its development approach on the characteristic of the market as more of the end-user than an investor, according to DMCI Homes president Alfredo R. Austria.
The company in a recent briefing said that they are in “increasing pressure from sellers” to develop smaller studio and one-bedroom units “which are faster to sell”, yet Austria said the company remains focused in its strategy of developing two to three bedroom units to “build a community of families” in its projects.
The attractiveness of smaller units is due to its affordability, costing a littler over P1 million and not being subject to value added tax.
“(But) marami pa ring market for the P2.5 million to P3.5 million,” according to Austria, citing the price range for their products.
Cherrie Lyn Cruz, DMCI Homes marketing manager, said their projects are primarily available to families with a combined monthly income of P80,000 to P100,000.
Since starting operation in 2000, the company has delivered a total of 10,000 units and has created communities like Raya Gardens in Merville, Paranque, Rosewood Pointe in Acacia Estates, in Taguig City, Tivoli Garden Residences in Mandaluyong, and Magnolia Place in Quezon City.
The company has completed a total of 20 projects with 12 active projects.
It became visible in the real estate market since 2006 as it developed projects closer to main thoroughfares. Much of the company’s 70 hectare landbank is located in Taguig City.
The company now has projects that can be found in nearly all the cities in Metro Manila.
In 2009, the company booked a revenue of P7.1 billion, up from P3.9 billion the previous year. Net income this year is seen to hit P1 billion.
“Our order was to grow 20 percent a year,” said Austria.
“If the buyer is a developer, they may pause buying if the interest rates go up, but if it’s a family, they will still buy even if the rates go up a little,” said Austria.
In reservation sales term, the company booked P9.5 billion last year, compared to P8.5 billion the previous year. This year DMCI is targeting a reservation sales of P10.5 billion, said is seen to exceed by about 25 percent, according to Austria.
This year, the company launched Cedar Crest, a medium-rise project in Taguig City, The Redwoods in Fairview, Quezon City, and Iris Tower at Tivoli Garden Residence.
For the second half of the year, DMCI Homes plans to launch La Verti Residences — a twin high-rise tower located behind the Manila Adventist Hospital along Donada st., Taft Ave., Pasay; Flair Towers — a two-tower high-rise along Reliance corner Pines st., near EDSA; Sienna Park Residences — a medium-rise development in West Service Road, Bicutan, Paranaque; a medium-rise development in Visayas Ave., QC.; and another medium-rise property in Muntinlupa that will be set on a sprawling 3 hectare property. Total capex for the year is at P5.5 billion.
DMCI Homes sets 5-year proposal to hike revenues
Wednesday, 02 June 2010 22:07
Written by Miguel R. Camus / Reporter
THE real estate subsidiary of Consunji-led conglomerate DMCI Holdings Inc. is implementing a five-year plan starting next year which aims to double profits and revenues by 2016 as it focuses on the expected uptick in the property sector.
In a press briefing on Wednesday, DMCI Homes president Alfredo Austria said the property cycle is now in the early stages of recovery with demand seen to grow rooted in the middle-income market.
“We are still far from the peak. Today, interest rates are low and there is a lot of liquidity in the market If you have some money, [the real estate sector] is a good investment alternative,” Austria said. He added the bulk of their clients are end-users, of which a good number are “repeat” buyers purchasing for children and extended families.
He said DMCI Homes may exceed an earlier projection pointing to P10.5 billion in booked sales this year, or about P1 billion better than 2009. Since it does not recognize revenues until a project is fully completed, the figure is an indicator for future earnings.
“As it’s going right now, we are exceeding the target,” Austria said.
He added DMCI Homes will enter new markets and will likely retool its portfolio, currently composed of middle-rise residential condominiums, to include more high-rise structures in the coming years.
“The target by the board is they want us to grow by 20 percent a year [starting 2011]. We really should think on how we are going to accomplish that,” said the company executive.
The company launched three projects during the first quarter of the year, with at least five more in the second half of 2010. The company launched Cedar Crest, a medium-rise residential development in Taguig City; The Redwoods, a neo-Asian inspired residential village in Fairview, Quezon City; and the Iris Tower at the Tivoli Garden Residences, a high-rise garden community in Mandaluyong City.
To be launched are La Verti Residences, a twin high-rise tower located behind the Manila Adventist Hospital on Donada Street in Taft Avenue Pasay; Flair Towers which is a two-tower high-rise along Reliance corner Pines Street near Edsa; Sienna Park Residences, a medium-rise development in West Service Road, Bicutan, Parañaque City.
Also being planned is a medium-rise development in Visayas Avenue, Quezon City and another medium-rise property in Muntinlupa on a three-hectare property.
DMCI Homes, which has been building themed communities for the past 10 years, said its projects are priced lower by 40 percent compared with that of other developers. The bulk of the company’s housing units has a selling price below P2.5 million.