DM Wenceslao starts sale of MidPark Towers units

MANILA, Philippines — DM Wenceslao & Associates Inc.’s MidPark Towers project has been issued a license to sell by the Housing and Land Use and Regulatory Board (HLURB).

Delfin Angelo Wenceslao, DMW chief executive officer, said the company could now move into the next stage of the development process.

“MidPark Towers creates long-term opportunities for DMW to showcase its residential offerings to the emerging vibrant commercial district in the Manila Bay area,” he said.

The project involves four towers and will have a total saleable floor area of approximately 42,000 square meters (sqm) and leasable floor area of 2,000 sqm.

The new project, he said, would complement the existing residential portfolio in the area and provide clients better options.

“The existing residential stock in the area is limited to the current mass of smaller studios and compact one-bedroom options. To widen such housing choices, we designed MidPark Towers with balanced unit mix and sizes. We focused on larger format units to serve a market that is deeply underserved,” Wenceslao said.

DMW is an integrated property developer with expertise in land reclamation, construction and real estate development. It is the master developer and primary owner of Aseana City, a development project with a total land area of 107.5 hectares located along the coastal waters of Manila Bay.

It is the lone company to brave the Philippine stock market this year, successfully listing in June.