Overseas Filipino Workers Push Davao Real Estate Properties Growth

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Category: Davao Real Estate Property Posted: Friday, November 21st, 2008
One Oasis Davao

One Oasis Davao Condominium

The performance of Davao Real Estate Properties is quite impressive this year as compared to the previous years. This is mainly due to the growing number of Overseas Filipino Workers and foreigners marrying Filipinas investing in Davao real estate properties sector.

Notable are the properties of Uraya Land Development and One Oasis Condominium of Filinvest Land Incorporated. In Villa De Mercedes alone, the company is enjoying a closed deal of house and lot worth millions of pesos monthly. This is according to the sales and marketing director of Uraya Land Incorporated. Villa de Mercedes is a high-end project complete with basic amenities and offers breathtaking panoramic view of Davao Gulf. For One Oasis Condominium on the other hand, the building 1 units are already sold out. The unit sales usually comes from other countries specifically Japan, the United States and some countries from Europe.

The property developers in Davao City also observe an increase in sales and inquiries as compared last year. Real state developers are also aggressive on hiring more additional real state brokers to increase manpower and sales.

The Davao real estate property greatly helps the local economy of Davao by providing additional jobs and paying millions worth of tax to the local government. The Davao City Treasurer said that the city government was able to gather a total of Php 340 million worth of tax from real state sector last 2005.

The city government of Davao has laid out a 25-year Comprehensive Development Plan that is expected to enhance the environmental, sanitation, health facilities, infrastructure and transportation facilities. The government is closely monitoring the zoning ordinance to be implemented properly.

The increasing number of condominium and other real estate-related projects are clear manifestations of the thriving business of the local real state sector in Davao. Among the latest condominium projects in Davao are the One Oasis of Filinvest, Magallanes Residences of DMCI Holdings and the Linmarr Towers of Holiday Properties.

Noblesse Heights

Noblesse Heights Davao Condominium

Hereunder are some of the real estate companies in Davao City.

1. Filinvest Land Incorporated
2. Alsons Development
3. Uraya land
4. Robinsons Land
5. Holiday Properties
6. DMCI Urban Property Developers Incorporated

The peace and order, the cleanliness and the cost of living are just some of the positive qualities that make the city a viable place to live in.

For inquiries about Davao Real Estate Properties and Condominiums, please e-mail: lancecorner@yahoo.com

One Response to “Overseas Filipino Workers Push Davao Real Estate Properties Growth”

  1. admin Says:

    @King – at the back of SM Ecoland.

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