STARTING today, and every Tuesday thereafter, this column will see print on this section. A weekly column that tackles Davao Region's business climate, concerns, trends, and stuff. We'll try to carry on something like a light conversation with our readers out there so that Dabawenyos will become comfortable with the business world and appreciate business news.
So, here I am, just trying my luck....
The real estate industry, which will continue to propel Davao Region's economic growth this year, starts 2010 with the opening of more development projects, including residential communities that will address growing demand for shelter.
More people, from nearby provinces where business climate isn't that good, believed to be caused by unstable peace and order, are expected to migrate in the city to look for better jobs and put up investments.
Yesterday (Monday), Hemeni Land Corp., launched its newest development in the promising north of Davao City -- a Spanish-inspired residential community called Chula Vista Residences.
Chula Vista Residences is inspired by the best of Spain, from the architecture to the ambience, promising its residents serenity and high-end living at very affordable rates.
It is conveniently located in Cabantian, Buhangin, where everything that is essential, like schools, work, malls and other major destinations that matter, are just minutes away, providing homeowners with opportunities to expand the good lives they are living well beyond their homes.
The subdivision offers 430 house and lots with seven exquisite Spanish-inspired house designs to choose from.
Developers appeared to have been agog over this northern part of the city, where industries and other commerical establishments abound. It's in this area of the city where investments have proliferated.
Showing interest in the potential of the area, real estate developer Camella Communities put up the Camella Northpoint on JP Laurel avenue in Bajada, Davao City last year.
The project, the first vertical development of Camella Communities in Southern Mindanao, is ambitious, with its seven proposed towers, consisitng of condominium units.
As of last month, units at first tower are already sold out.
Pre-selling of units at the second tower has already started.
Camella Communities president Jerylle Luz Quizmundo during the launch of the first tower described the result of the project as "very good." She was ecstatic that in a matter of three months, "we have sold it out," referring to the units of the first tower.
"Now we are already selling the second tower," Quizmundo said, adding that it has been an opportunity for them to engage more Dabawenyos working abroad to invest in condominium units.
There's also the mixed-use development project called Abreeza of the Floirendos and Ayala Land Corp, which will house the Ayala Mall, IT buildings and a hotel.
Construction is ongoing and the developers expect to complete this in the last quarter of this year.
Not to be outdone is SM Prime Holdings, Inc., which is set to start development works in its newly-purchased property in Lanang (formerly the Lanang Golf Club), where it will put up another mall.
With such prospects and projects in the real estate alone, Davao's economy will indeed remain vibrant. Whatever growth targets that have been set will surely be reached, if not surpassed. (For comments, e-mail this writer at nelson_bagaforo@yahoo.com)