RLC Residences targets 2031 completion for first two MIRA towers in Quezon City
RLC Residences, the residential arm of Gokongwei-led Robinsons Land Corp, is advancing construction of its MIRA condominium project in Barangay San Roque, Quezon City. The first two towers are scheduled for completion in 2031, with units priced from P6.3 million to P17.6 million.
RLC Residences, the residential unit of Gokongwei-led Robinsons Land Corp (RLC), is advancing construction of its MIRA condominium project in Barangay San Roque, Quezon City, with its first two towers scheduled for completion in 2031.
“With MIRA, we are completing the residential complex of RLC in this part of Quezon City. Construction activities are in full swing and soon, MIRA will bring more life here in Barangay San Roque, a community just a stone’s throw away from the famous Araneta, Cubao,” Emmanuel Arce, vice-president for project management at RLC Residences, said in a statement sent to BusinessWorld on Thursday.
MIRA is a four-tower condominium project along Mirasol Street in Quezon City. According to information posted on the developer’s website, the project is in its preselling phase, with units priced from P6.3 million to P17.6 million. The development is near commercial establishments including SM Cubao, Gateway Mall, Farmers Market, Farmers Plaza, and Ali Mall.
The project’s first two towers have been launched, with Tower 1 introduced in April 2024 and Tower 2 in July 2024. Tower 1 is targeted for completion in February 2031, while Tower 2 is scheduled for completion in June 2031. MIRA’s studio units measure about 26.5 square metres (sq.m.), while one-bedroom units with balconies offer up to 40.5 sq.m. of floor area. Two-bedroom units measure 53 sq.m., while configurations with balconies offer up to 78 sq.m.
“This project is a testament to our commitment to provide Filipinos a home within reach of life’s opportunities, and at the same time, a home where they can have an enriched and fulfilling lifestyle,” Mr Arce said. RLC Residences said MIRA is positioned to benefit from major transportation projects under development, including the Metro Rail Transit Line 7 (MRT-7) and the Metro Manila Subway.
RLC reported attributable net income of P3.7 billion in the second quarter of 2026, up 8 per cent from a year earlier, which the company attributed to strong operating performance and lower financing costs. For the three months ended June, consolidated revenue rose 9 per cent year on year to P13.1 billion, while total net income increased 15 per cent to P4.6 billion. For the first half, RLC’s residential segment recorded P5.81 billion in revenue, which the company attributed to higher construction progress and revenue recognition from residential developments. As of end-June, RLC had total assets of P280.7 billion.
On Thursday, RLC shares rose 32 centavos or 1.87 per cent to close at P17.46 apiece.
