DMCI Homes reservation sales hit P37B as of Oct.

THE PROPERTY arm of DMCI Holdings, Inc., the holding firm of the Consunji family, booked record sales this year on the back of robust demand for its residential projects.

DMCI Holdings Chairman and President Isidro A. Consunji told reporters on Wednesday reservation sales of DMCI Homes reached P37 billion as of October, on course to hit “almost P40 billion” this year.

Unlike other real estate companies, DMCI Homes maintains a sales reporting period that begins in December.

With interest rates expected to increase next year, Mr. Consunji said the outlook for the real estate sector will be a “little bit challenging” even as aggregate demand remains strong.

At end-September, DMCI homes registered P35.3 billion in sales and reservations, surpassing the P25.5 billion target by 38% on the back of a solid double-digit growth in the number of residential and parking units sold during the period. —