DMCI Homes and Robinsons Land Corp. eye to generate P5.55 billion in sales in the first tower of the two companies’ joint-venture, Sonora Garden Residences in Las Pinas City.
The two companies recently topped off the first tower, the 40-storey Cadence.
“Work has now shifted to masonry and finishing of units in preparation for the turnover of the building in June 2024,” the companies said.
DMCI in a statement said Sonora Garden Residences is 45 percent sold.
The development has 867 units launched comprised of one-, two-, and three-bedroom units. Unit prices range from P4.18 to P10.30 million.
Dennis Yap, DMCI Homes vice president for project development, said the company expects reservation sales to pick up as construction of the property beside Robinsons Place Las Piñas progresses.
“We expect to generate more interest from homebuyers as the property and the resort-style amenities are completed,” Yap said.
“As of November, finishing work is already being done on the lap pool, leisure pool, kiddie pool, basketball court, game, play area among other amenities,” Yap added.
Chad Sotelo, RLC Residences senior vice president and business unit general manager, said he is highly optimistic more homebuyers would soon discover the value being offered by RLC and DMCI Homes’ joint venture.
“It’s a great partnership between two of the biggest real estate companies in the country, DMCI Homes and RLC.” Sotelo said.
“We’re taking advantage of that moment where development in the south is going to pick up. You get to have that homey southern charm but you aren’t missing out on the development opportunities,” he added.
Sotelo also noted the south metro remains a high-growth area and a favored living destination among homeseekers.
“If you look at the future of the southern part of Metro Manila, this is where development is–Las Piñas, Parañaque, Muntinlupa, and eventually Cavite, and Laguna,” Sotelo said.
“If you look at these places, hospitals, hotels, and malls are popping up, and there’s a lot of redevelopment that’s been happening. So, in the next five to ten years, this area is going to be very different,” he added.
