DMCI Homes Inc., the residential arm of listed engineering giant DMCI Holdings Inc., reported sustained buyer interest in its residential development, even as industry analysts warn of a supply glut in parts of Metro Manila.
According to DMCI Homes president Alfredo Austria, project site visits surged by 70 percent in the first five months of 2025, jumping to 6,741 from 4,039 in the same period last year—a clear signal of continued engagement from potential buyers.
“There is indeed oversupply, but it’s limited to specific locations and segments,” Austria clarified. “We’re seeing that end-users remain very interested, just more discerning and cautious.”
This shift in buyer behavior is proving to be commercially significant for DMCI, as it positions on the strength of quality and long-term value. Ready-for-occupancy (RFO) units now comprise 47 percent of total condo sales—up sharply from 14 percent a year earlier—translating to P4.3 billion in RFO revenue from January to May, an 87 percent increase year-on-year.
Corporate landmarks Allegra Garden Place in Pasig City and Crestmont in Quezon City led RFO transactions. Allegra sold 139 units during the period, up from 81 last year, supported by the ongoing turnover of its twin towers.
“We believe a more cautious, quality-focused buyer works in our favor,” Austria said. “Buyers can now physically assess our RFO offerings, and that has directly boosted conversion.”
Despite a broader narrative of oversupply, the performance of DMCI Homes underlines the nuanced demand in the residential market—particularly for well-positioned and completed developments.
