DMCI reports surge in homebuyers interest

DMCI Homes reported a surge in buyer interest and ready-for-occupancy (RFO) unit sales despite concerns over a housing oversupply in Metro Manila, with the company recording an 87% increase in RFO sales value in the first five months of 2025.

From January to May, DMCI Homes sold 614 RFO units—up from 363 units sold in the same period last year—bringing in P4.3 billion in revenues, including parking slots. This is a significant leap from the %u20B12.3 billion recorded during the same timeframe in 2024.

Company President Alfredo Austria attributed the strong performance to growing customer confidence and a more discerning market. “We’re happy to see that site trippings have increased by 70 percent year-on-year, a clear indicator of buyer interest,” Austria said, citing 6,741 site visits from January to May 2025, up from 4,039 the previous year.

Austria acknowledged the issue of oversupply but clarified that it is isolated. “It’s not across the board. Buyers are more cautious, but they’re also looking more closely at quality and value—which is where we’ve put our focus,” he explained.

The company noted that 47% of total condominium sales in the first five months of the year came from RFO units, up significantly from 14% in the same period in 2024.

Among the top-performing developments were Allegra Garden Place in Pasig City and The Crestmont in Quezon City. Allegra posted 139 units sold, a jump from 81 units in early 2024, while The Crestmont moved 55 units compared to 34 last year, following its unit turnover in December 2024.

Despite affordability concerns and a crowded condo market in certain sectors, DMCI Homes expressed optimism. “This shift toward more value-conscious, quality-focused buyers benefits us,” Austria said, emphasizing the company’s strategy to improve quality and meet the changing preferences of end-users.