The Rise of Property Market to Change City Skyline
This landscape will soon change as soon as influx of new big businesses comes in the coming years.
July 30, 2008
I was right, the lower portion of the picture above is now reclassified from low residential area into a major commercial zone. The city council agreed to the request of the Ayala Corp. for reclassification in order to facilitate the construction of their 3 billion peso Mall and BPO center. That will be just the beginning, my expectations are high that many firms will follow suit and more big and tall structures are going to mushroomed in that area ASAP guaranteed.
You can read the press report here.
July 28, 2008
I got this gut feeling about Investors being confident of the economic potentials of Davao City. The city’s property market has been bullish lately with projects like ECO4000 Condominium whose units were sold out quickly coupled by more projects that are being planned for development. Big players like Ayala Corp., J.G. Summit, Filinvest, SM Prime, Landco, D.M. Consunji, and many other homegrown or outside companies (including foreign firms) are expressing their interest to pour in huge money for investments. They somehow realized the promising capabilities of Davao to be able to host big businesses.
Unlike what happen in the mid-90’s, the present surge of property development is powered by companies with financial stability. Currently, Davao City tops or rank consistently high in economic surveys making Davao gained investor’s confidence of doing business here. The city was awarded “The Most Competitive in the Philippines“, “Top Ten Asian City of the Future“, “Top Ten Best Place to to Live in the Philippines” and many other awards and citations.
Filed under: Davao City | 6 Comments
Tags: Davao Investments, Property Market, Real Estate