The real estate property business in Davao City has recently been gaining popularity as the big names in the real estate industry are aggressively developing their own sites in several parts of Davao region. Among these are Filinvest Land Inc., Robinsons, DMC Urban Property Developers, Inc. and many others.
The constructions of medium-rise condominium buildings are commonly seen in big cities like Metro Manila and Cebu. But now, the city of Davao is fast catching up with this new trend of high-end living. Are condominiums ideal for Davaoeños and other foreign immigrants? There are countless reasons to answer this query. Aside from the fact that Davao is highly urbanized city, it remains peaceful and has one of the lowest crime rates in the Philippines. And this makes Davao as one of the most popular areas to live and retire in the Philippines.
Overseas Filipino Workers (OFWs) are now heavily investing in the real estate property sector. On the other hand, Foreigners can now own a condominium unit in the Philippines. This is stated under Republic Act 4726 where foreign nationals can now own a condominium unit in the Philippines. The said act is known as the Condominium Act.
To live in a condominium, a peaceful and secured place should be your first criteria in choosing on where to buy a condominium unit. You can raise your family without being alarmed for their safety. Davao is a typhoon-free place and is inhabited with friendly residents. One can live with rapport to his neighbors, colleagues and other people.
Notable condominium projects in Davao are Magallanes Residences Condominium, Linmarr Towers of Holiday Properties and Filinvest One Oasis Condominium. Most condominiums in Davao are constructed at the heart of the city. Others are just kilometers away. The location is accessible to shopping malls, churches, hospitals, public markets, recreation areas, police stations and other establishments that would cater your daily and basic needs.
Shopping malls are open 10 hours daily and can meet all your needs at one shop. Restaurants in Davao offer low price and fine dining. You can breathe fresh air and enjoy tasting tropical fruits like durian, pomelo, mango, mangosteen and many others.
The real estate properties in Davao especially condominium units are relatively low in price as compared to those located in the United States and Europe. This makes investments in the Davao real estate properties attractive because the property value is expected to appreciate in the coming years.