Property Developers Eyeing High Rise Condominiums in Davao

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Category: Davao Real Estate Property Posted: Monday, January 25th, 2010

Eco 4000 Condominium

Eco 4000 Condominium - image courtesy of DMCI Urban Property Dev't Inc.

It seems like the trend is going high rise for upcoming condominium projects in Davao for the next couple of years as property developers are planning to build high rise condominium buildings. This was disclosed by the two active property developers in Davao, DMC Urban Property Development Inc. (DMCI) and Filinvest Land Inc. Both developers are planning to construct relatively high-rise structure for their next projects which will stand 10 to 15 storeys in height.

At present, condominium buildings around Davao have an average height of 5 storeys. Notably, the Filinvest One Oasis, a five-level condominium building and Magallanes Residences which has seven floors. Filinvest business development officer Geraldine de Gorostiza stated that the company is planning to make last two buildings of One Oasis 10 storeys high. One Oasis is a condominium project situated at the back of SM City Ecoland. On the other hand, DMCI Mindanao general manager Nora Gutierrez said that the company is planning to build a high rise condominium within the three-hectare property owned by the company in Ecoland. DMCI Urban Properties revolutionized the condominium industry by building the first condominium in Davao, the Ecoland 4000 residences near SM City Ecoland.

With the latest development in the real estate property, Davao is now definitely a favorite investment area among real estate property developers. Developers are gearing up to get a big slice of the growing real estate property market. Property developments include low-cost housing to the high-end condominium projects.

The present real estate players with projects worth billions of pesos in Davao City include
DMC Urban Property, HLC, Camella, Holiday Properties, Davao Joyful, RJP, Davao Elite, Sta. Lucia Realty, 8990 Housing Development Corp., Foothills, Ladislawa, Kisan Lu, Hemeni Land, Ayala Land, Damosa, Filinvest Land Inc. and Landco Pacific.

2 Responses to “Property Developers Eyeing High Rise Condominiums in Davao”

  1. Great Reasons to Invest in the Davao Real Estate Property Sector — Davao Says:

    […] real state properties in Davao especially condominium units are relatively low in price as compared to those located in the United […]

  2. Harry Says:

    I am really thrilled with the real estate sector of Davao. It seems like the trend is now going higher and higher.

    A lot of developers are now looking at Davao for condo projects like Ayala, Filinvest and soon SMDC.

    We also have FTC that will build the tallest tower in Davao at 33-24 storeys high.

    These high-rise projects will surely change Davao’s landscape.

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