CONSUNJI-LED DMCI Homes Inc. expects to build about 30,000 housing units in 2015 and 2016 as the property developer expands its presence in Metro Manila and in Philippine provinces.
The company is already working to hit 15,000 units from its eight projects by the end of the year, with the same number line up in 12 projects next year, President Isidro Consunji said.
“For next year, we will be launching P60 billion worth of projects. A total of 12 projects, 15,000 units. It’s the same this year, P60 billion worth of projects generating 15,000 units,” Consunji noted.
He said the 15,000 units the year would include jumpstart projects in Baguio and Davao, noting the provincial projects will mostly be mid-rise and less dense compared to high rise projects in Metro Manila.
Joseph Ramil Lombos, DMCI Homes senior vice president for Finance and Operations and CFO, said the company expects the first tranche of the Homestarter Bonds worth P500 million will be launched sometime this year, and the second tranche of P500 million sometime later.
The first tranche will carry an interest rate of likely 4.5 percent to 5.5 percent, Lombos said. The company has hired Security Banking Corp. as underwriter.
Earlier, the company noted that it aims to hit P22 billion in sales and reservations for the whole 2015 from P20 billion in 2014, and yearly revenue growth of 10.
“We want to grow our business 10 percent a year. Last year, we [grew revenues about]about P20 billion. So we want to grow [to]P22 billion this year, and hopefully P24 billion to P25 billion next year,” Consunji earlier said.
The Metro Manila-focused DMCI Homes has ongoing negotiations for acquisitions in Bataan, Naga and Dagupan for future development in line with the thrust to expand outside the capital region.
The company has an existing 50-hectare land bank in Taguig City, plus 20 hectares more in other Metro Manila areas.