Sunday, February 6, 2011

DMCI in Taguig

As you may well know, DMCI has a lot of projects all over Metro Manila. In Taguig, it has what it calls Acacia Estates - composed of 7 subdivisions: Rosewood Pointe, Royal Palm Residences and Cedar Crest, with mid-rise and high-rise buildings, Mahogany Place 1, 2 and 3 and Spring Lane Homes, with mostly single-detached homes and townhouses.

There are also other projects outside Acacia Estates which are located nearby.

DMCI projects have received generally good reviews from buyers and investors, specially with respect to build quality and timely turnover.  However, its biggest challenge appears to be in property management which the company does not have any experience or expertise in. As a result, homeowners have gone to the internet - with a host of threads in various message boards as well as Facebook pages  -  in a bid to gain a sense of community and to try to improve the services being rendered by current property managers. See, for example, the Facebook page put up by residents of  Riverfront Residences and Royal Palm Residences (both in Taguig) as well as threads dedicated to Dansalan Gardens and Tivoli Gardens (in Mandaluyong) over at skyscrapercity.com. This threads will give prospective buyers an idea of the frustrations currently being experienced by the residents of these communities.

In addition, unlike its competitors Ayala Land. and Megaworld, DMCI's project do not normally have a commercial areas built in and are purely residential. In Taguig, for example, DMCI has so far refrained from building a mini-mall (similar to SM's Hypermart or Waltermart) within or just outside Acacia Estates, to take advantage of the growing number of residents in the area.

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