DMCI pushes phase 2 of Mulberry Place with P752-M investment

DMCI HOMES, INC. is allocating P752 million for the second phase of its Mulberry Place residential project in Taguig City, covering the construction of two new towers set for turnover by 2028.

- Beatriz Marie D. Cruz

This will cover the development of the 18-storey Taffeta and the six-storey Zephyr, the last two towers of Mulberry Place, DMCI Homes said in a statement to Business World.

It said the launch of the second phase follows the strong take-up of its first two towers, the six-storey Paisley and the 18-storey Shantung.

About 70% of the first two towers have been sold, DMCI Homes said. The project has generated P3.88 billion in reservation sales, which include units and parking spaces.

The development is not affected by Metro Manila’s condominium oversupply amid steady demand, DMCI Homes Vice-President for Project Development Dennis O. Yap said.

“The steady demand in Acacia Estates reflects a consistent preference for quality and well-located homes,” he said in a separate statement.

Taffeta and Zephyr will have twoto three-bedroom units, with sizes ranging from 64.5 square meters (sq.m.) to 101 sq.m.