The company saw a significant shift in pricing dynamics last year, with average selling prices rising 18 percent per unit and 8 percent per square meter, while fourth-quarter prices jumped 77 percent, largely due to the sale of bigger units averaging 40 square meters.
“2024 was a challenging year for the real estate industry, but it allowed us to sharpen our focus,” said DMCI Homes president Alfredo R. Austria.
“We focused our efforts on strengthening our financial position, preparing for future launches and developing new products for underserved markets. As the market recovers, we are ready to roll out projects that offer strong value and quality,” he added.
DMCI pricing remains competitive
“While our selling prices rose year-on-year due to rising construction costs and a shift toward more premium developments, they remain highly competitive given the quality and value we deliver,” said Austria.
“We remain committed to making homeownership more accessible, with homes built to the standards that define DMCI Homes,” he added.
Earnings slowdown
Amid this pivot, DMCI Homes reported a 31-percent drop in net income to P2.8 billion, and a 35-percent decline in core earnings to P2.5 billion, excluding one-time land sale gains.
Unit sales fell 22 percent amid weaker market demand, though the company increased completions to 11 buildings from 7 the year before.
This brought more ready-for-occupancy units, 22 percent of which have already been leased under its expanding rent-to-own program.
Liquidity remained solid with P9.7 billion in cash, while the net gearing ratio improved to 73 percent and total equity rose 4 percent to P34.7 billion.
