November 15, 2024 | 12:00am
MANILA, Philippines — DMCI Homes, the property development arm of the Consunji Group, is investing around P24 billion in its foray into the Cebu real estate market.
DMCI Homes’ debut in Cebu City is called Kalea Heights, a 4.6-hectare residential condominium.
The four-building development will embody DMCI Homes’ commitment to expansive open spaces and lush living environments.
First to be launched for the development is the 41-story Leia Building, offering a mix of one, two and three-bedroom units with sizes ranging from 29.5 square meters (sqm) to 88.5 sqm.
DMCI Homes plans to launch 600 units in the project’s first phase to cater to the increasing demand for quality urban living in Cebu.
“In Cebu, we’ve observed that other developments’ approach to solving urban lifestyle is different from ours. I think our approach is superior in terms of value, in terms of features, in terms of open space and so forth,” DMCI Group chairman Isidro Consunji said.
DMCI Homes president Alfredo Austria said that the arrival of DMCI Homes in Cebu has long been anticipated, but the company took its time to ensure that what it brings to market would stand out.
“We don’t want to just offer another product like everybody else is offering. We want to make sure that we will be able to offer something different, something of better value,” Austria said.
Kalea Heights will offer 3.6 hectares of open space, the biggest among the condominium complexes in Cebu and among all DMCI Homes developments to date.
The company’s flagship project in Cebu City offers units priced from P5.7 million to P13.4 million.
Turnover is targeted to start in December 2029.
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