Cedar Crest News

Cedar Crest - News in Philippine Star 041511

2011-04-18T06:51:06Z

DMCI Homes dominates mid-rise condo segment

The Philippine Star
Updated April 15, 2011 12:00 AM

Cedar Crest in Taguig City

MANILA, Philippines - In just little more than a decade, DMCI Homes has successfully established itself as the leader in midrise condominium developments in Metro Manila. With humble beginnings inspired by the construction heritage of its parent company, D.M. Consunji Inc., DMCI Homes has carved its own niche in the local real estate industry by consistently offering high-quality developments that fulfill the needs and aspirations of the young Filipino families.

The midrise condo concept came about to address the particular shelter needs of such a growing segment in the real estate market. Condominium developments in the metropolis during the property heyday around 10 years ago were generally of two extremes only—ultra-spacious, high-end developments from big property developers; and cramped, dormitory-type high-rise buildings which were regarded as entry-level or stigmatized as “mass housing” units.

With foresight, DMCI Homes zeroed in on the unexplored product segment of ample-sized units in a vertical community—basically appropriating the comforts and benefits of living in a traditional single-detached home into condominium living. While the local economy and social lifestyle has changed, the Filipino dream of owning a home of one’s own has not wavered. DMCI Homes made the commitment to keep nurturing this aspiration even at the cost of innovation or going against market trends.

With the introduction of its very first midrise condo development, Lakeview Manors in Taguig City in 1997, DMCI Homes had been on the path of single-minded commitment to its promise and has since successfully developed and launched more than 25 more vertical communities, mostly midrise in design and thereby offering a viable residential alternative for middle class Filipinos.

In 2010, spurred by continuous and intense market demand for spacious mid-rise units, DMCI Homes launched several highly anticipated, new condominium developments in the metro, namely, Siena Park Residences along West Service Road in Bicutan, Paranaque; and Rhapsody Residences in East Service Road in Muntinlupa. Both projects recorded brisk sales that surpassed previous record sales take-up for the developer.

Rhapsody Residences in Muntinlupa

DMCI Homes further upped the ante for mid-income developments with the launch of Accolade Place within the prime location of Horseshoe Village in Quezon City. Envisioned as an Asian boutique condo development, the six-story structure will offer a limited number of 130 units — opening new possibilities for low-density condo living for aspirational Filipino families.

Consistent with its undisputed track record in delivery of units, DMCI Homes also welcomed residents last year to its mid-rise developments Ohana Place near Alabang; Magnolia Place in Tandang Sora Extension, Quezon City; and East Raya Gardens along Mercedes Avenue in Pasig City. By the second quarter of 2011, DMCI Homes will commence turnover of additional developments such as The Redwoods in Fairview Quezon City and Acacia Estates’ Cedar Crest in Taguig City. Residents will start moving in beginning March 2011 and May 2011, respectively.

Revolutionary midrise condo living

DMCI Homes has pioneered midrise condo living by successfully infusing elements of traditional family living in a house and lot into the modern concept of condominiums — efficient space planning; open spaces and gardens; and most importantly, natural lighting and ventilation. DMCI Homes developments are now renowned for ease and comfort of living afforded by its single-loaded corridor designs and balconies in almost all units. Service and utility areas within the condo buildings, such as laundry cages, are ideas started by DMCI Homes projects. All these serve to go against the usual notion of condo living as restricting, suffocating, or difficult.

As competition in the local property market stiffens and more developments seek to mimic the pioneering concepts of DMCI Homes communities, Filipino families can rest assured and continuously look forward to more revolutionary developments and lifestyle innovations only from such a committed, maverick property company as DMCI Homes.

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Cedar Crest - News in Philippine Star 031911

2011-03-22T08:16:44Z

DMCI Homes completes Cedar Crest Clubhouse

The Philippine Star
Updated March 19, 2011 12:00 AM

Cedar Crest features a central amenity area with a clubhouse that opens up to surrounding views and amenities conducive to family bonding and relaxation.

Having a clubhouse within the community is more than just enjoying an added amenity for homeowners. A clubhouse adds an air of prestige to any development — an exclusive feature that affords residents the chance to enjoy lifestyle activities without having to leave the comfort of one’s address.

Premier triple-A builder-developer, DMCI Homes, understands the attraction of an amenity center such as a clubhouse. Which is why the company pioneered the move to develop these lifestyle features first — a way to establish DMCI Homes as the leader in providing themed, lifestyle community developments in the country today.

Recently, DMCI Homes once again finished another construction milestone in their fast-developing Taguig project, Cedar Crest. The community clubhouse, slated to finish early this year, was completed ahead of schedule, and was turned over to property management as early as December last year. The clubhouse was finished with an array of features for the discerning residents in mind.

For DMCI Homes, a clubhouse is more than an added space in a community. Its construction also provides a number of lifestyle options that not only adds convenience to an exclusive community, but also offers an extra area where memories are formed and remembered.

Cedar Crest is a Neo-Asian themed 10-building community that is set to promote a minimalist atmosphere where residents can enjoy time with their family and closest friends.

At Cedar Crest for example, large family gatherings such as debuts, or a wedding anniversary can be held with ease inside the air-conditioned function hall of the clubhouse — a place often equipped to handle a significant number of guests. The developer’s often tasteful design concept also allows residents to decorate the place stylishly — saving on having to rent another place just for the event. And with one’s home just around the corner, it’s very easy to head to and from the house at one’s own pace.

Other areas of the clubhouse, such as the game room, are a venue of fun for the younger residents, or even the young at heart. Available indoor entertainment like a pool table or darts can be enjoyed to its fullest by residents planning to entertain a small group of friends.

There also won’t be a need to spend a lot of money on gyms and other fitness clubs. The Cedar Crest gym inside the clubhouse is fully-equipped with work out instruments that are always available for residents.

More than the indoor attractions, the clubhouse also serves as a vantage point for the development’s outdoor landmarks. The clubhouse opens up to surrounding views and amenities that promote family time and social moments. There are the multi-activity pools where children and adults can swim for both fitness and leisure; a children’s park and playground where young residents can enjoy time under the sun; walking and jogging trails for romantic and stress-free moments with the loved ones; open spaces, gazebos, and water features for those who needs some personal space with nature; and open-air play courts, as well as worry-free services and convenient facilities.

A water station, laundry pick-up station and convenience store add commercial options for residents so they don’t have to go far when completing errands.

The early construction of the clubhouse further promotes the DMCI Homes ideal in presenting themed community developments. The company ensures that each project has its unique features and amenities where one can enjoy the true-resort ambience of their homes.

The residents of Cedar Crest will enjoy the signature of DMCI Homes’ value propositions such as the resort-themed community, first-rate building features, efficiently planned units, and excellent property management.

Cedar Crest is a Neo-Asian themed 10-building community that is set to promote a minimalist atmosphere where residents can enjoy time with their family and closest friends. The four-hectare project located at short distance away from booming Fort Bonifacio and the progressive business district, Makati, offers two-bedroom and three-bedroom units ranging from 60 to 80 sqm.

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 work. Model units are ready for viewing.

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Cedar Crest - News in Philippine Star 012811

2011-02-04T17:48:49Z

DMCI Homes' Neo-Asian community in Taguig

The Philippine Star
Updated January 28, 2011 12:00 AM

Cedar Crest blends Neo-Asian features and minimalist design concepts to create a residential haven that focuses on daily family and individual lives.

Manilla, Philippines - Construction is in full swing at DMCI Homes’ progressive, new community that’s soon to be the epitome of a minimalist-chic lifestyle: Cedar Crest.

A 3.8 hectare mid-rise tower enclave located in the company’s Taguig township development, Acacia Estates, Cedar Crest is set to represent the laidback, yet sophisticated atmosphere of one of the rising business districts of the city. Cedar Crest will soon finish construction of the first tower, Amaranth, which is already 80 percent complete. And with the reputation of DMCI Homes when it comes to delivering projects on time, the second tower, Chamomile is not far behind. Both towers are almost 100 percent sold, and the attraction is apparent as the remaining eight towers are also being bought at record speed. Out of the total 999 units of combined two-bedroom and three-bedroom homes, almost 80 percent are already sold.

The appeal can be attributed to the development’s Neo-Asian Minimalist concept – presenting the buildings and condominium units as essential spaces with a lot of design potential. The clean lines of the building, which flows inside the interior of every unit, can be considered both simple yet elegant. The style connotes a calm, relaxing, and inspiring home environment conducive to communion, discovery, and self-renewal. The goal of Neo-Asian Minimalism is to find modes of expression that denounces complexity, move towards imbuing space with a modest sense of spirituality, clarity and harmony.

This set-up is perfect for starting families – married couples and those with one or two kids who have began making personal spaces and memories for themselves. The simple set-up inspires creativity to design one’s unit, suggesting that families choose only the essential whether in furniture and appliances.

Parents whose kids have already moved out will likewise benefit from the minimalist design. They now have the option of entertaining ideas for their personal pursuits – an extra room can be used as arts and crafts space, or entertainment area.

And since the buildings are mid-rise structures (only five floors for each building, with provisions for parking at the ground floor), the buildings are low-density, relieving residents of the feeling of cramped, boxed-in spaces usually associated with condo living. And with DMCI Homes signature, single-loaded corridor layout, units open to a landscaped area, and the convenience of enjoying better ventilation and lighting.

The two-bedroom and three-bedroom units will also enjoy the view from their own balcony.

The Neo-Asian design can also be found at the themed receiving area at the upper ground floor. For added convenience, there’s a service area at the roof deck with provisions for individually metered water and electricity. A fire alarm and fire hose cabinets along corridors, provide confidence in one’s own safety.

To complement this highly-urban set-up are amenities located at the central clubhouse where various features are made available for the residents’ various lifestyle needs.

The 6,561 sqm. amenities area holds various choices for different lifestyle needs. There’s a combination of leisure pool, kiddie pool and lap pool to refresh residents no matter the season; playground, jogging paths, and a basketball court for those who enjoy physical activities; gazebos for those who wish to enjoy personal time among nature, and picnic areas for bonding with the family and friends.

The community is strategically located in the progressive city of Taguig. It is merely minutes away from the Makati Central Business District and Bonifacio Global City. Ortigas CBD and Quezon City in the north as well as Southern Manila like Paranaque and Alabang are easily accessible through the C-5 Road.

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.

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Cedar Crest - News in Manila Standard Today 072010

2010-07-21T16:36:14Z

DMCI Homes plans P5-B syndicated loan

Manila Standard Today

by Jenniffer B. Austria

Tue July 20, 2010

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.

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