DMCI Homes, the residential development arm of Consunji-led DMCI Holdings Inc., may go public next year.

In an interview, DMCI Holdings vice president and chief finance officer Herbert Consunji said the housing unit may offer up to 30 percent of its shares of stock to the public, assuming its market capitalization is between P10 to P15 billion.

“But before we do that, we have to have a deeper story to tell about the company,” he said.

Parent firm DMCI Holdings and sister company Semirara Mining Corp. are both listed on the stock exchange.

DMCI Homes is spending P3 billion this year to develop the initial phases of residential projects in Metro Manila and Boracay Island.

In a previous interview, managing director Alfredo Austria said the cost will cover five new projects, namely, Cypress Towers, Rosewood Pointe, Tivoli Garden Residences, Riverfront Residences and Alta Vista de Boracay.

Bulk of the cost will be raised mostly from the pre-selling of the residential units.

Cypress Towers, a high-rise community, and Rosewood Pointe, classified as mid-rise condominium, would be built within the Township Central in Taguig City.

The 86-hectare property will house the various projects of DMCI Homes that will also include sprawling subdivisions. An 8,000-square meter two-story community-scaled commercial hub will also be strategically located within the Township Central.

Meanwhile, Riverfront Residences will stand on a property owned by Equitable PCIBank in Pasig City. It is a mid-rise community that provides easy access to Ortigas Center and Eastwood City, among others. The price per unit ranges from P2.2 million to P5.4 million.

Tivoli Garden Residences, on the other hand, is a high-rise garden community located in Mandaluyong City. Austria said completion of its first building would be done after 26 months.

The company’s Alta Vista de Boracay is a condotel-residential community comprising of more than 300 units. The price ranges from P3.9 million to P4.9 million.

DMCI Homes is expecting to end the year with revenues amounting to P8 billion from P4.3 billion in 2006.

DMCI Homes, the residential development arm of Consunji-led DMCI Holdings Inc., may go public next year.

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