DMCI Homes said it will build another residential development in a 150-hectare property in Taguig City dubbed the Acacia Estates three years after it launched its project in the area.
DMCI Homes President Alfredo R. Austria said the company is finalizing plans to launch the new property to be called Alder Residences in Acacia Estates, the company’s largest land bank.
“Sales of our projects are still encouraging despite current circumstances which give us confidence to launch 2 to 3 new properties before yearend,” Austria said. “Acacia Estates is always in our list because of the strong residential demand in the area. We’re also currently working on permits to utilize our land bank in Makati and Manila.”
DMCI Homes recently delivered the first building of the last project it has launched at Acacia Estates called Mulberry Place. The four-building mid-rise development was sold-out just weeks after it was launched in 2017.
Since it was first developed in 2007, Acacia Estates has grown to be a community of over 8,000 families living in various themed subdivisions and condominium developments.
In 2012, DMCI Homes started introducing lifestyle establishments through Acacia Estates’ commercial quarter called Acacia Town Center.
Spanning approximately 22,000 square meters, Acacia Town Center now houses restaurants, bills payment facility, currency exchange, salons, automated teller machines, coffee shops, commercial gym, supermarket, as well as event venues like The Tent and the Casa Real heritage house.
The company has also worked with the Taguig government to open alternative routes going to and from the development for residents’ additional convenience.
DMCI Homes said it is instituting a number of safety and productivity measures to adapt to the challenges posed by the Covid-19 pandemic.
Since May, the company has been expanding the barracks capacity in its construction sites to limit the exposure of its workers and reduce their dependence on public transportation.
Its barracks can now house 4,202 workers compared to 3,108 prior to the imposition of the enhanced community quarantine in mid-March. Over 2,900 workers are currently staying at the on-site barracks provided by DMCI Homes.
The company said it has been providing its skilled workers with free supplements to help improve their overall health.
“We understand the mobility limitations and health risks faced by our workers. By increasing our barracks capacity, we hope to attract more workers and contain the spread of the coronavirus,” Austria said.
The company has also launched a bike loan program wherein bicycles are purchased by DMCI Homes for the personal transportation requirements of its qualified skilled workers.