Unlocking new opportunities: Consunjis venture into leisure, condotel, township markets

Consunji-led DMCI Homes, a leading mid-rise condominium developer, is tapping into additional revenue streams by diversifying its portfolio with leisure, condotel, and township developments.

Recognizing the growing demand for leisure properties, the company aims to expand its product offerings while maintaining its commitment to quality and value as it seeks to replicate the success it has achieved with its core residential developments.

To facilitate its entry into these markets, DMCI Homes has actively pursued property acquisitions in strategic locations across Luzon, including Batangas, Bulacan, Laguna, and Pampanga. This strategic move has bolstered DMCI Homes’ land bank in Luzon by 49 percent, now totaling 96.9 hectares.

One of the upcoming projects slated for launch in June is Solmera Coast, an Asian tropical-inspired condotel development situated in San Juan, Batangas. Operating under the DMCI Homes Leisure Residences sub-brand, Solmera Coast follows a condotel format where individual investors own the condominium units and rent them out through DMCI Homes Leisure Residences.

This innovative business model enables DMCI Homes to generate revenue not only from unit sales but also from rental income. Buyers can utilize their units as vacation homes while benefiting from a share in the rental revenue, helping offset the cost of ownership.

DMCI Homes president Alfredo R. Rustia said DMCI Homes Leisure Residences caters to buyers seeking premium properties that offer not only attractive returns but also unforgettable experiences.

Alongside Solmera Coast, the leisure sub-brand will also launch a Japanese-inspired nature park in Laguna and a mountain resort in Benguet, further enhancing the portfolio’s diversity.

In line with its expansion strategy, DMCI Homes has allocated P18.6 billion for project development and land acquisitions in 2023, marking an 18 percent increase compared to the previous year. This substantial investment underscores the company’s commitment to pursuing growth opportunities and reinforcing its market presence.