DMCI Homes grows land bank by 41%, cites strong demand for projects

CONSUNJI-LED DMCI Homes said its land bank expanded by 41 percent to 125.22 hectares at the end of the first quarter of 2018 from just 88.89 hectares a year earlier as it continued to accumulate raw land for development amid growing demand in the property market.

In a statement, the property firm said that as of end-March 2018, it had accumulated additional parcels of land with a total value of P6 billion to hit a land bank of 125.22 hectares. A big chunk of the newly purchased raw lands are in Metro Manila while the rest are in various areas in Luzon, the company said.