Davao Property Market Update

Local developers remain bullish on Davao City's property market as it continues attracting major entities and players to expand and begin projects in the city. This comes as no surprise as Davao continues to be one of the top investment destinations in the Philippines, given its strategic location, solid infrastructure, and utilities, as well as attractive investment incentives. In fact, Davao City's investments went up by 3.3% in 2013 based on the Davao City Investment Promotions Center (DCIPC) report released last Feb. 26, 2014. Total registered capital of the businesses in Davao City grew from P196.408 billion in 2012 to P203.04 billion in 2013, breaching the P200-billion mark.

Looking to invest in Davao City? Here are some properties to consider:

Matina I.T. Park

The 10,000-sqm. property, also touted as the largest IT Park in Mindanao, will house three buildings primarily as response to the rising demand for space from the IT-BPO industry. The first building, which will be built on a 3,000-sqm. lot, will be completed by the first quarter of 2014. Matina I.T. Park's second and third buildings, on the other hand, will be erected in 2,000-sqm. and 3,000-sqm. lots respectively. For more information about available office spaces for lease in Matina IT Park, contact us today.

Topaz Tower (IT Building 3)

The Topaz Tower is a 5-story building located in Damosa IT Park, Davao City. Inaugurated in 2012, the building caters to the needs of office spaces, administrative centers, and BPOs. It has an area of over 8,800 sqms., featuring a fire protections system, 24-hour security service, and 24/7 standby generators. Its fifth floor is currently occupied by SGV & Co. Currently, there are available retail spaces for lease in the building. (You may contact us here for details.)

Apo View Hotel

Apo View Hotel is located along Camus Street, close to some of Davao City's entertainment centers Gaisano Mall and NCCC Mall. The hotel is a premier landmark of the city; built in 1948, it remains as one of the most sought after premier business hotels in Davao City. Apo View Hotel is currently available for sale, contact us for more information.

Felcris Centrale

One of the newest mixed-use developments in Davao City, Felcris Centrale is located in Quimpo Boulevard, Brgy. Bucana, Davao City. It has over 54,000 sqms of floor area, featuring a 12-story commercial complex with a 10-floor office space and a two-level retail and entertainment center complete with supermarket, boutiques, restaurants, and specialty shops. For more information about available office and retail space in Felcris Centrale, contact us today.