Robinsons Land Corp. (RLC) and DMCI Homes Inc. announced Tuesday the completion of the structural work for their joint venture (JV) project in Las Piñas City.
The first building of Sonora Garden Residences is 100 percent complete. Work has now shifted to masonry and finishing of units in preparation for the turnover of the building in June 2024.
“As of November, finishing work is already being done on the lap pool, leisure pool, kiddie pool, basketball court, game, play area among other amenities,” DMCI Homes Vice President for Project Development Dennis Yap said.
As of November 2022, Sonora Garden Residences has sold 45 percent of the initially launched 867-unit inventory comprised of 1-, 2-, and 3-bedroom units. Unit prices range from P4.18 to P10.30 million.
RLC and DMCI Homes, which recently celebrated the topping out of the 40-storey structure called Cadence building, expect to generate up to P5.55 billion from the sales of the said building.
“We expect to generate more interest from homebuyers as the property and the resort-style amenities are completed,” Yap said.
RLC Residences Senior Vice President and Business Unit General Manager Chad Sotelo also shared the same view. “We’re taking advantage of that moment where development in the south is going to pick up.”
Sotelo also noted the south metro remains a high-growth area and a favored living destination among homeseekers.
“If you look at the future of the southern part of Metro Manila, this is where development is—Las Piñas, Parañaque, Muntinlupa, and eventually Cavite, and Laguna,” he said.
“If you look at these places, hospitals, hotels, and malls are popping up, and there’s a lot of redevelopment that’s been happening. So, in the next 5 to 10 years, this area is going to be very different.”
Image credits: www.dmcihomes.com