DMCI INCREASES ITS LAND BANK | Marvin Germo

DMCI INCREASES ITS LAND BANK

By: Marvin Germo | June 7, 2019

Road To 150 Hectares of Land 

DMCI Project Developers, Inc. has disclosed that its land bank has been increased to 150 hectares by the end of March. This is totaling to P10.2 billion. This company, operating under DMCI Homes, reported that the firm’s land value grew by 71% during the first quarter of 2019 compared to the 125 hectares or P6 billion worth of land it owned in the same period in the previous year. The increase in its land bank is for the purpose of supporting its plan to expand aggressively across the Philippines now that the demand for real estate is growing. Do you think it’s now time for DMCI to shine among the popular real estates in the country? Let’s take a look at the major key points in relation to this land bank growth.

Catch me in my live training events! (quick plug)

The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the trainings below.

Stock Smarts Manila —  June 15, 16, 22, 23, & 29, 2019
Stock Smarts Iloilo – July 6 & 7, 2019
Stock Smarts Cagayan De Oro – July 20 & 21, 2019
Stock Smarts Hong Kong – August 11, 2019
Stock Smarts UAE – August 30 – September 3, 2019
Stock Smarts Qatar —  October 3 – 6, 2019
Stock Smarts Taiwan – November 2, 2019

DMCI To Strengthen Its Presence

The firm clearly said that the expansion of their land bank will help them strengthen their presence particularly in Metro Manila, Cebu, and Davao areas. These 3 serve as good markets for the firm as there much more offered outside the city of Manila. In the coming months, DMCI is set to launch 10 new projects worth P104 billion. This year’s projects will be Kalea Heights in Cebu and other real estate projects in Quezon City, Pasig City, Mandaluyong City, Manila, Las Piñas, and Davao City. And apart from this, 2 residential towers are planned to be turned over this 2019—the Surya and Raja wings of Bacoor City’s Alea Residences. Indeed, the plans of DMCI to provide thousands of homes is being done across different market segments.

DMCI Has Completed Projects

While the plan to launch more projects this 2019 and the coming years is clear, DMCI has actually completed projects just recently, 6 projects to be exact. These are the Linden and Abaca building of Acacia Estates in Taguig City, Zebrina building of Calathea Place in Parañaque, Darma building of Alea Residences in Bacoor, Fairway Terraces in Pasay City, and Bluebird building of Bristle Bridge in Baguio City. The demand for real estate is growing fast. More and more residential and office units are being constructed across the Philippines, which can be considered as a good thing for those who want to invest in real estate near their homes. The projects mentioned above are just proof that DMCI venturing not just into the Metro Manila market but as well as into the provinces.

DMCI’s Financial Report

According to the firm, it is planning to reach reservation sales of P38 billion this 2019. It also set its capital expenditure to P17.9 billion this year in order to facilitate the constructions of its new projects. During the first quarter of the year, it reported a net income of P481 million which is considered 5% higher than last year’s P460 million. The revenues dropped to P4.4. billion because the reservation sales went down by 27% or to P11.1 billion. In spite of that, the firm still managed to generate a positive income.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders
Stock Smarts Book