Lazada Philippines aff_i?offer_id=3127&file_id=94990&aff_id=150634 - High Demand of Condo in Davao City - Philippine Business News

normal_post - High Demand of Condo in Davao City - Philippine Business News Author Topic: High Demand of Condo in Davao City  (Read 1263 times)

  • Webmaster
  • *****
  • avatar_1382_1499847132 - High Demand of Condo in Davao City - Philippine Business News
  • Posts: 22889
  • medal1 - High Demand of Condo in Davao City - Philippine Business Newsmedal2 - High Demand of Condo in Davao City - Philippine Business Newsmedal3 - High Demand of Condo in Davao City - Philippine Business News
  • NEED A WEBSITE? 09206301130 |
    • Share Post
clip - High Demand of Condo in Davao City - Philippine Business News
High Demand of Condo in Davao City
« on: September 02, 2018, 09:07:18 AM »
DAVAO CITY -- Martial law has not dampened the prospects for residential condominium market, a real estate consulting firm said noting the prevailing high occupancy rates.

In a report on Tuesday dubbed "Davao City's Property Market Highlights 2018 H1," Prime Philippines chief executive officer Jet Yu said the implementation of martial law in Mindanao bears no significant impact on the property sector's growth because the sales are driven mostly by local buyers and investors.

Yu noted the skepticism of investors in other sectors due to martial law, but said the property market continues to see improvements because of Mindanaoans' "low aversion" towards martial law as compared to Luzon and Visayas residents.

In addition, he said the increase in Overseas Filipino Workers (OFWs) arrivals in Davao City has supported the increase in condominium property uptake. Currently, the city's residential condominium market has an occupancy rate of 83 percent, he added.

Condominiums in the city have largely concentrated along downtown J. P. Laurel Avenue, though areas like Matina and Poblacion are also being eyed as potential areas for further condo developments because of high occupancy rates and low supply relative to other districts.

Yu said rates are also within acceptable ranges making them an opportunistic investment for developers and investors since these prices are still at par with the rates of Metro Manila condominiums.

Among Davao City's condominiums are Camella North Point, One Oasis Davao, Aeon Towers, Avida Towers Davao, Abreeza Place, Palmetto Place, Verdon Parc, Seawind Condominium Davao.

The upcoming condominium projects in Davao City as of 2018 are the Dusit Thani Residences of Dusit International, Mesatierra Garden Residences, Ivory Residences, Amani Grand Citygate, and the The Residences at Azuela Cove.

SM Development Corp announced in June the building of its first real property project, the Lane Residences, which is adjacent to the SM Lanang Premier Mall, while homegrown retail store NCCC will build a condominium in Maa.

Yu said the value of properties here has also gone up compared to last year.

In 2017, he said, the selling price was at PHP60,000 to PHP80,000 per square meter but it is now pegged at PHP100,000 per square meter. But these prices, Yu said, are still lower than in Cebu and Manila.

Chamber of Real Estate and Builders' Associations (CREBA) national president Dr. Malou Monteverde said the land value in the city has since multiplied at a minimum of 500 percent.

Monteverde attributed this largely to the interest in President Rodrigo Duterte, currently the city's most famous resident.

Monteverde said the real property industry in Mindanao remains "very robust" whether for land banking or active development. (Digna D. Banzon/PNA

Save the link

Romans 10:9-10
"If you declare with your mouth, Jesus is Lord, and believe in your heart that God raised him from the dead, you will be saved. For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved."

personal015320100 - High Demand of Condo in Davao City - Philippine Business News

pCloud Premium

Share via facebook Share via linkedin Share via pinterest Share via tumblr Share via twitter

Latest Topics

Pure joy by hubag bohol
[Today at 06:16:07 AM]

The 2018 Oxford Word of the Year isn't nice, it's toxic by hubag bohol
[Today at 06:04:48 AM]

Mister Gikulata ni Misis kay Nabitin by hubag bohol
[Today at 06:02:39 AM]

Best Friends by hubag bohol
[Today at 06:00:13 AM]

Tago gyud Ming kay impatso ka kung makit-an by hubag bohol
[Today at 05:51:43 AM]

Mahathir and Duterte: a world of contrasts by islander
[Yesterday at 01:50:18 PM]

Stunning Pinwheel Nebula Is a Cosmic Cataclysm in the Making by islander
[Yesterday at 01:31:00 PM]

Artists and their PETS by islander
[November 17, 2018, 04:54:04 PM]

AFP Pension by
[November 14, 2018, 05:20:04 PM]

The $10bn question: what happened to the Marcos millions? by islander
[November 13, 2018, 07:26:23 PM]

SMF spam blocked by CleanTalk
pCloud Premium
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2018, SimplePortal