Recognizing the potential of Davao City and its thriving property market, major real estate players and local developers are now moving their developments to this regional center in Mindanao. Lamudi Philippines lists down the five best features that developers and investors see in this gem of a city.
1. Peace and Order
It is no wonder that Davao City is consistently cited as one of the most peaceful and livable cities in Southeast Asia. Its crime index stands at just 0.8 cases per 10,000 people per month. The city is also dubbed as the second most peaceful city by Numbeo.com in the ASEAN region, next only to Singapore. The city also runs a successful 911 central communications and emergency response system that lessened crime incidences and preserve lives and properties.
Davao City’s strategic location means it can be easily accessed via air, land, and sea travel. Its main gateway, Francisco Bangoy International Airport, is Mindanao’s busiest and has regular scheduled flights to Manila and Singapore. Travel via land is also made easy by the Philippine–Japan Friendship Highway, while the city is connected to Manila, Cebu, and other major seaports by roll-on/roll-off interisland ferries.
3. A Responsive and Forward-Looking Local Government
The City Government of Davao is very supportive on developmental projects. Modernization of infrastructure such as the city’s international airport, roads, bridges and seaports are maintained to ensure progress and quality of business.
4. Business Competitiveness
According to Davao Hive Philippines, rates of public utilities, real estate, rentals for commercial spaces, accommodations, labor, raw materials, and other business needs are comparatively cheaper in Davao City than in other major cities in Asia, which make the city attractive to businesses, especially the very important BPO sector.
5. Regional Center of Southern Philippines
Davao is Mindanao’s center of business, finance, and education. The city houses five top universities, including the Davao campus of the University of the Philippines, in addition to numerous tertiary-education centers and colleges. The city also houses numerous branches of national banks and financial institutions, and it is where One Network Bank, the Philippines’ largest rural bank in terms of assets, is based.
With all of these considerations in mind, the country’s leading real estate developers are now actively establishing their trade in this important city. One notable developer that recently invaded the property market of Davao is Phinma Properties.
The only triple-ISO certified developer in the Philippines, Phinma Properties brings its 29 years of success and experience to Davao City through flagship project Arrezo Place Davao. Recognized for their quality condominiums matched with value-for-money rates, Phinma is replicating its success in Metro Manila, this time targeting the Mindanao area.
Phinma’s first foray in Davao City already garnered praise from industry professionals, most notably by the 2015 Philippines Property Awards, where Arezzo Place Davao was awarded cited Highly Commended in the Best Condo Development (Davao) category.