DAVAO

Chinese firm plans condo projects in Davao, Samal

CHINA-BASED developer Jiavao Ventures, Inc. is eyeing to develop condominium projects in the cities of Davao and Samal.

Both projects are still in the early stages of development, said Jiavao general manager Ramon L. Vallespin.

A medium-to-high-end condominium is envisioned to rise on a one-hectare property along J.P Laurel Avenue, Davao City while a condominium resort is planned on a five-hectare property in Barangay Peñaplata, Samal.

Vallespin, in an interview with SunStar Davao, said Jiavao became keen on investing in Davao Region after diplomatic relations between the Philippines and China improved.

“With the better relationship of China and Philippines, more Chinese want to visit here, either for leisure and business or even both,” he said at the sidelines of the Traditional Chinese Painting Show at Waterfront Insular Hotel-Davao held on Sunday, May 13.

Jiavao is engaged in the development of resorts, condominiums, hotels, apartments, and residential buildings, among others.

Architect Daniel T. Lim of Far East Associates, the company that will design and plan the two projects, said the developments will lure more tourists, especially Chinese, to Davao and vice versa.

“These projects will get investors of China to come here, not only to invest but also consider Davao as their second home, in fact, few of the developers’ officials are deciding to stay in Davao long term,” Lim said adding the two projects’ information are presently raw.

Lim also mentioned that with more Chinese visiting the city, they hope to open and sustain a direct flight between Davao and China.

Vallespin added that they are pushing to sign a sisterhood pact between Davao and Jiaxing City, China.

“We already met with the officials of the City Government of Davao last year, we hope to make Davao our sister city. It will enable us to do more business,” he said.


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