DMCI Homes raises targets for ’18

Consunji-led property developer DMCI Homes posted P23.01 billion in reservation sales in the first half of the year, accounting for 57.5 percent of its upgraded target for this year.

DMCI Homes, a unit of DMCI Holdings, expects reservation sales—an indicator of how revenues could grow in the coming years as the projects progress—to reach P40 billion this year, upgrading its target from the P31 billion set earlier.

In the first semester last year, DMCI Homes reported reservation sales of P22.12 billion.

DMCI Homes sees reservation sales to further pick up in the second half of 2018 with the scheduled launch of mid-rise and high-rise developments in Parañaque, Manila, Pasay, Las Piñas, Davao and Quezon City.

Its net income in the first semester rose by 41 percent year-on-year to P2.49 billion.