DM Wenceslao & Associates Inc. said it has sold a lot in its Aseana City , a 2,202-square meter (sq.m.) property, for P935.85 million.
“The rapid growth of land values in Aseana City is a testament to our key strength—that is the quality of our land bank. There was tremendous demand across the board from high net worth individuals to national property development players,” said Julius Guevara, vice president for corporate planning.
“It should be seen as no surprise due to the primeness of Aseana City as the one of the best locations for mixed-use developments and tourism-themed projects,” Guevara added.
Aseana City, owned by DMW, one of the largest contiguous mixed-use land banks in Metro Manila with 569,359 sq.m., in landbank.