{"id":12708,"date":"2016-05-11T20:29:40","date_gmt":"2016-05-11T13:29:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/davao-touted-as-an-attractive-city-for-property-investors\/"},"modified":"2016-05-11T20:30:22","modified_gmt":"2016-05-11T13:30:22","slug":"davao-touted-as-an-attractive-city-for-property-investors","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/davao-touted-as-an-attractive-city-for-property-investors\/","title":{"rendered":"Davao touted as an attractive city for property investors"},"content":{"rendered":"


\nLocated in southern Philippines, the city\u00a0offers pluses and minuses in equal measure
\nDavao is making a name as a safe and green investment location
\nIn Part Three of this\u00a0five-part series, take a look at the emerging real estate industry\u00a0in\u00a0Mindanao
\nIn June 2015, the Philippines\u2019 Department of Trade and Industry\u2019s Assistant Secretary Ceferino Rodolfo called for more investments in Mindanao, citing the region\u2019s immense land supply.
\nHowever, poverty is widespread in Mindanao and urbanised cities are few and far between.
\nDavao is essentially the Manila of the south, but with only one-sixth of the population and none of the congestion problems of the capital. It is also the largest city in the country by land area.
\n\u201cI wouldn\u2019t say Davao is a hot market, but it is attractive and properties are selling nicely,\u201d shares Julius Guevara, director of research and advisory at Colliers Philippines.
\nThe city is also touted as a safe location for residents due to the \u201czero tolerance\u201d line adopted towards crime by Mayor Rodrigo Duterte, the front-runner in the 2016 national election. \u201cRight now Davao is a market for bullish investors,\u201d claims Guevara.
\nMore:\u00a05 things the presidential front-runner Duterte could do for Philippine real estate
\nAnticipating an influx of investors, the city government upheld a city ordinance last March that real estate developments must allocate 10 percent of green space.
\nPhilippine Green Building Council chairman Ramon Fernando D. Rufino, whose company The Net Group is known for its commitment to sustainability, says there is growing awareness of environmental initiatives.
\n\u201cGreen building will definitely continue to gain traction and momentum in 2016 but we will need legislation at the national and local levels in terms of mandatory requirements incentives,\u201d he says.
\nDavao\u2019s environmentally sound credentials and perceived safety may just be the signal for it to stake a claim as one of the country\u2019s top spots for real estate.
\nCome back for Part Four.
\nCommercial area of Sta. Ana Steet in Davao City
\nDeciding to invest in Mindanao\u00a0real estate?
\nPros: Areas\u00a0like Metro Davao are rapidly emerging; magnet for aggressive investors; vast untapped portions of land
\nCons: Too far from the financial capital; getting around can be difficult; close to\u00a0conflict areas
\nWhat to buy in Davao City\u00a0for\u2026<\/p>\n

Affordable: Arezzo Place Davao
\nDeveloper: Phinma Properties
\nUnits: 1,080
\nSize: 30.6-32.5 sqm (avg.)
\nPrice: PHP1.37 million (USD29,200) (avg.)
\nCompletion: Ongoing
\nDistinguishing features: An Italian-inspired community with 60 percent open spaces built under triple-ISO standards<\/p>\n

Mid-end: Abreeza Residences
\nDeveloper: Alveo Land
\nUnits: 243
\nSize: 31 sqm (studio), 53-92 sqm (one-bed), 82-170 sqm (two-bed), 126-218 sqm (three-bed)
\nPrice: PHP7.3 million (USD156,000) (avg.)
\nCompletion: 2015
\nDistinguishing features: One of Davao City\u2019s tallest tower at 26 storeys, with integrated, mixed-use components<\/p>\n

High-end: AEON Tower Davao
\nDeveloper: FTC Group of Companies
\nUnits: 473
\nSize: From 30-38 sqm (studio) to 200-300 sqm (penthouse)
\nPrice: PHP4.4 million (USD94,000) to PHP9.7 million (USD207,000)
\nCompletion: Q2 2016
\nDistinguishing features: With fiber optics installed, the 33-level building is smart home technology-ready, and will feature its own Skydeck facilities and helipad. Green technology is also used on UV-protected glass
\n
\nSource : property-report.com
\nRead more…Davao touted as an attractive city for property investors<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Located in southern Philippines, the city\u00a0offers pluses and minuses in equal measure Davao is making...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-12708","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3iY","jetpack-related-posts":[{"id":29357,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-davao-became-hot-property-in-the-philippines\/","url_meta":{"origin":12708,"position":0},"title":"How Davao became hot property in the Philippines","date":"October 10, 2016","format":false,"excerpt":"\r Duterte\u2019s former stronghold goes from strength to strength as Manila property firms pivot south Image: Dmitry Kaminsky\/Shuttershock To witness how Davao stands out, a visitor only needs to be there on New Year\u2019s Eve. 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