NICHE residential developer Victor Consunji Development Corp. (VCDC) has launched the P2.2 billion M Residences townhomes in Capitol Hills, as the company hopes to tap the luxury market in the area.
The company’s Founder and CEO Victor Consunji, the son of DMCI Holdings Inc. Chairman Isidro Consunji, said the project followed the success of his previous projects M Residences in Taguig and in New Manila in Quezon City, which appealed to buyers due to their customizable units.
He said the two phases of M Residences New Manila, worth P1.1 billion and P1.5 billion, respectively, were fully sold out and the company may launch a third phase that will link the first two projects and transform it into one community.
Meanwhile, the P4.5-billion M Residences in Taguig, located inside Acacia Estates, is already 75 percent sold after its launch in September last year, with some buyers taking up as many as eight lots, combining these to build a single home worth about P200 million.
“Our clients only buy our units once in a lifetime. When someone moves into our unit, I believe it is finished and designed in a way that is good enough for mine. I make sure it is up to our standards,” Consunji said.
The developer offers three models of townhomes for its M Residences with lot areas of 75 square meters, 105 square meters and 120 square meters. Each unit is customizable with total living areas of at least 110 square meters to as much as 370 square meters of houses of three to five stories high.
The younger Consunji said the standard home in M Residences in Capitol Hills will be selling for around P16 million to P17 million with the price going higher if the buyer chooses to add to the standard floor area.
Known for its select locations, VCDC has carved a niche in the property development business due to its offer of customization options as against the rigid platforms offered by most developers.
First-time home buyers are provided financing choices while VCDC will be its developer, as well as private contractor for the customization required. Aside from personal preferences of room layouts, buyers also get to choose their preferred finishings from tiles, to countertops, cabinets and bathroom fixtures.
M Residences tend to attract a certain type of home buyers who provide a good neighborhood for families, he said.
“We believe that community is the best amenity,” Consunji said.
Source: VG Cabuag
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