DMCI Homes Inc. anticipates sales reaching P22 billion from The Valeron condominium in Pasig it is jointly developing with Japan’s Marubeni Corp.
Alfredo Austria, company president, said developing the project, its first property collaboration with the Japanese firm since the Asian financial crisis, could cost P15 billion.
“Total number of units is around 1,900 so we expect total revenue of P22 billion from this project,” Austria said.
The 55-storey property will rise along C-5 corner P.E. Antonio Street in Pasig and targeted at the upscale market.
Unit prices start from P7.62 million for a 32.5 to 34.5 square-meter studio to P18 million for a three-bedroom, 79 square-meter unit and ready for occupancy starting July 2029, the company said.
Its partner has a 114-year history of doing business in the Philippines via Marubeni Philippines Corp. with participation in numerous infrastructure projects, including collaborations with DMCI.
Their partnership has extended over various projects, including the LRT Line 2 East Extension Project, Maynilad Water Services Inc. consortium and initiatives in reforestation and plantation development in Negros Occidental.
