Euro Towers International to build Davao City’s tallest building
DAVAO CITY — Euro Towers International Inc. is going full tilt with the construction of a P1billion, 37-storey condominium, which is expected to be Davao City’s tallest building when it is completed by early 2018.
“Our commitment is we are able to complete it in April 2018,” Roy L. Estanislao, director of the company’s construction and development group, said during the opening of the company’s showroom for its Vivaldi Residences on Tuesday.
Mr. Estanislao said Euro Towers — also the developer of the Vivaldi Residences in Quezon City — is making extra effort on ensuring the building’s stability with a pile foundation of 59 meters into the ground, which is equivalent to the height of a 15-floor building.
About a tenth of the total construction cost or about P120 million is being spend for the foundation alone. “We cannot compromise safety,” he said.
Project Sales Manager Angel C. Zafra, for her part, said they have already sold 704 residential units in the building, which is more than 80% of the 870 total. The company is aiming to have all the units sold by the first quarter next year.
Mr. Zafra added that the company is also finalizing the concept and design for the eight-unit penthouse.
Two floors of the building, the second and third, and part of the ground floor will be allocated for commercial units.
Maricar J. Encarnacion, Euro Towers chief operations officer, attributed the brisk sales of the project to their competitive prices and good location at the city’s commercial center.
Vivaldi Residences, which is Euro Towers’ first project in the city, is targeted at the middle market or those with income between P30,000 and P130,000 monthly.
“This has attracted our buyers to our project,” said Ms. Encarnacion.
The units are between 16 and 37 square meters, with a price range of P2 million to P2.8 million. —