Despite concerns over an oversupply in the condominium market, DMCI Homes is seeing strong buyer engagement and a notable increase in interest in its residential developments.
DMCI Homes president Alfredo Austria said client visits to project sites have surged by approximately 70 percent in 2025 compared to the same period last year. From January to May, site trippings rose to 6,741 from 4,039 during the same months in 2024.
“We’re regularly monitoring our sales every day, our site activities, trippings. In fact, this year we’re happy to see that we have more site trippings from customers. Around 70 percent more than last year,” Austria said.
While Austria acknowledged ongoing discussions about market oversupply he noted that the issue is localized.
“It’s been all over the news that there seems to be an oversupply in Metro Manila at least. I agree that there is an oversupply, but the oversupply is only in certain sectors and certain locations. It’s not everywhere,” he said.
He added that while demand remains, some buyers are taking a more cautious approach due to affordability issues and prevailing market conditions.
“A lot of people are still eager to buy, but I think affordability issues are out there and also because of the reported oversupply in condo units. Some of the end-users are being more careful, being more cautious, looking at several different properties,” Austria said.
DMCI Homes views this trend as a positive shift toward a more discerning market.
“And what’s good is that there are a lot of RFO (ready-for-occupancy) units now and they can see for themselves the quality and value that each developer is offering,” Austria said. “And I think that is good for us because we’ve been focusing on improving quality and value for the customer. As we’ve seen in our recently completed projects, the sales have gone up when they were completed because we’re able to bring in the customers and see for themselves the quality and value that we are offering.”
RFO units made up 47 percent of the company’s total condominium sales of 1,305 units from January to May 2025, a significant rise from 14 percent during the same period in 2024. DMCI sold 614 RFO units in the first five months of 2025, up from 363 units a year earlier.
In terms of value, RFO sales reached P4.3 billion, an 87 percent increase from the P2.3 billion recorded in the same period last year.
Leading RFO sales were Allegra Garden Place in Pasig City and The Crestmont in Quezon City.
Allegra Garden Place, a two-tower development along Pasig Boulevard, sold 139 units between January and May 2025, up from 81 units sold in the same period last year. Turnover for the 56-storey Amina building began in July 2024, while the 55-storey Soraya tower is scheduled for turnover in July 2025.
The Crestmont, located along Panay Avenue in Quezon City, recorded 55 units sold in the first five months of 2025, up from 34 units in early 2024. Unit turnover began in December 2024.
