Siena Park Residences
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MAKATI |
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MANDALUYONG / SAN JUAN |
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QUEZON CITY |
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TAGUIG / THE FORT |
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PASIG / ORTIGAS |
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MANILA / PASAY |
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PARAÑAQUE / LAS PIÑAS / MUNTINLUPA |
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SIENA PARK RESIDENCES
Sienna Park Residences News in Malaya 06-03-2010 |
DMCI says family buyers to sustain its growth Malaya Business Insight 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. Click here to go to the source of the article.
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