DMCI Homes' recovery delayed by over 2,000 unsold condo units

DMCI Homes' recovery delayed by over 2,000 unsold condo units

With its earnings now starting to recover, Consunji-led DMCI Homes still expects that it will take about two years before its performance returns to pre-pandemic levels, as it continues to deal with excess inventories while sales are still affected by higher interest rates.In an interview, DMCI Homes President and CEO Alfredo Austria said that returning to the pre-pandemic level will mean disposing of all the firm’s ready-for-occupancy (RFO) uni…