REAL ESTATE INVESTMENTS
Davao City strengthens its status as a real-estate investment haven.
The real estate industry in Davao City continues to be vibrant as investments were poured generously in the first half of 2018.
The Board of Investments in Mindanao (BOI) reported that registered real estate investments in Davao City for the first half of the year is already pegged at P665.74 million.
The biggest real estate investment registered to BOI is the P341.39 million Mesatierra Garden Residences of Yuson Excellence Soberano, Inc., a joint venture project of Cebu Landmasters, Inc. and the Yuson Commercial Investments.
The residential building will house 694 units and 259 parking spaces. It is targeted to be completed by 2020. It also has garden-inspired amenities like landscaped areas, sky garden, spa pool, welcome pavilion, veranda, fitness gym, and jogging trails among others.
Urbaneast Development, Inc. will also be pouring in P179.75 million for the development of Altezza Grande in Catalunan Grande, Davao City. The residential project will have 196 units and will employ 411 individuals.
Realty Investments Incorporated will be investing P171.16 million for the AdDU Homes Loyola Heights, a low-cost mass housing project in Catalunan Grande, Davao City. The project will have 136 house and lot units and will employ 361 individuals.
By the end of 2018, more real estate developments are expected to enter Davao City as it cements its place in the country as among the prime investment destinations. RJL