DMCI Homes sees strong demand for RFO projects

MANILA, Philippines — DMCI Homes saw strong demand for its new residential condominiums in the first quarter, recording a significant jump in sales of ready-for-occupancy (RFO) units nationwide.

DMCI Homes reported RFO sales, inclusive of units and parking, of P3.57 billion from January to March, more than double the P1.74 billion posted in the same period last year.

The Quadruple A developer said that RFO units now account for 44 percent of total condominium sales, up from 25 percent in 2024, with 503 units sold.

According to the company, the big jump in the sale of RFO units demonstrates increased demand for its residential condominiums and a testament to its reputation in the industry.

“Demand for residential developments of DMCI Homes remains strong this year, with units at Allegra Garden Place and The Crestmont facing high demand given their convenient location, breathtaking views as well as the relaxing resort-style design and amenities,” it said.

As of end-March, DMCI Homes said that The Crestmont has sold over 77 percent of its total inventory, while nearly 60 percent of units at Allegra Garden Place have been sold.

The Allegra Garden Place and The Crestmont are two of DMCI Homes’ newest ROF developments in Metro Manila.

Allegra Garden Place, a two-tower development in Pasig, saw 90 new units sold during the first quarter, an increase from the 60 units sold in the first quarter of 2024.

DMCI Homes said that residents of the project’s 56-story Amina building have started moving in July 2024, while owners of the 55-story Soraya tower expect to receive the keys to their units by July this year.

The Crestmont, meanwhile, registered a more than double increase in sales at 37 units sold during the quarter from 14 units in the same period in 2024.

Located along Panay Avenue in Quezon City, The Crestmont started the turnover of units in December.

DMCI Homes said the surge in demand for RFO units has been accompanied by a pickup in occupants under its HomeReady Rent-to-Own program.

The program enables buyers to move in with a minimal down payment while renting for a certain period, with the option to purchase the unit later, making homeownership more attainable.

As of end-March, DMCI Homes said that signed rentals under the HomeReady program nearly doubled to cover 332 units from 147 units in the first quarter of last year.

It said that a steady market for pre-selling condo units further demonstrates the resilient appetite of both new homeowners and real estate investors.

“The strong increase in RFO sales, supported by sustained demand for pre-selling units and for rent-to-own deals under the HomeReady program only shows that demand for residential properties of DMCI Homes remains vibrant as ever,” the company said.

DMCI Homes has in its pipeline seven projects across the country with a combined estimated sales value of P35 billion.

The company said the launch timing of the projects is dependent on market demand and prevailing conditions.