Davao City: New investment hub

OTHERS may be puzzled of why Anchor Land’s first real estate property development outside Metro Manila is located in Davao City and not any other big cities in Luzon or Visayas.

However, at the recently concluded Davao on the Rise, a business forum organized by Inquirer Property and Lamudi.ph, different government agencies and private sectors attested to what Davao City is now in terms of tourism and investment opportunities that make it the new investment hub in the south.

In front of several brokers and real estate agents, City Tourism Operations Office (CTOO) head Generose Tecson talked about the constantly increasing number of tourists visiting the city. From 2.4 million tourist arrivals in 2018, Tecson said they are targeting to reach 2.8 million for 2019.

“We understand that before they invest in our city, they are tourists first. So we make it a point to make them have a wonderful experience as tourists here,” she said.

Tecson added that together with the Davao City Investment and Promotions Center (DCIPC), they are conducting tourism and investment road shows in different cities and neighboring countries to introduce what the city can offer in terms of tourism and investment areas.

“We’re adding more activities under the preferred investment areas. We currently have 10 preferred investment areas and one of them is real estate so we’re providing tax incentives. These are local incentives and you can also avail of the national government incentives through the Board of Investments. We’ve also added a few items to further make it attractive, including tax deductions,” DCIPC Investors Assistance and Servicing Unit head Christian Cambaya said.

Davao City Chamber of Commerce and Industry Inc. (DCCCII) president Arturo Milan said they continue to lobby the approval of other direct flights from Davao City to neighboring countries to make the city more attractive and more accessible to tourists and investors alike.

“We are also pushing that the Davao International Airport also be under an authority already,” Milan said, adding that extensive attention put toward the airport will benefit the entire city and neighboring provinces and municipalities as the international airport will be the first impression guests will have of the city.

With the joint effort of public and private sectors in making Davao City a feasible area for tourists and investors alike, Tecson said the increasing influx of tourists comes the equally increasing demand for

accommodation facilities especially during conferences and other big events conducted in the city.

Along with this, she encouraged everyone who has accommodation facility business, even small or AirBnB types, to register their business to be properly monitored, regulated, and promoted by the local government.

Anchor Land president Elizabeth Ventura is aware of this dilemma and so by developing 202 Peaklane in the center of Davao City, they wish to be of help especially that the units are perfect investment opportunities for those who seek to buy residences they can rent out.

Ventura shared that 202 Peaklane units are designed with the clients’ value for money in mind so much so that it is the only property of its kind in Davao City with fully-furnished units.

“The actual units are business-ready, meaning, the clients can easily liquidate the unit they acquire because these units are already fully-furnished. They get the idea of what the set-up looks like and how they can be maximized from our model units in the showroom,” Ventura said.

“These units we offer are affordable because the clients will no longer have to spend on the capital in order to turn their investments into profitable properties.”

202 Peaklane offers three types of units -- the lifestyle suites, the lifestyle suites, the premium suites, and the family suites.

The lifestyle units are fully furnished studio residences complete with double decks, multi-functional desks and chairs, cabinets, and a kitchenette. Each comes with separated toilet and bathroom so that the residents can efficiently move around in the unit.

The premium suites are fully furnished studio units with a hotel-like set-up. These units are built with single beds, desks, cabinets, kitchenettes, as well as separated toilet and bathroom.

The family suites are two-bedroom residences with spaces ideal for starting families.

202 Peaklane will rise as the best alternative to hotel accommodation and the best option for vertical living in Davao City, which is just a pedestrian lane across Ateneo de Davao University and Marco Polo Davao.

“We are thankful for the private sectors for working hand-in-hand with the local government for necessary projects for the city’s development,” Tecson said.

Anchor Land is considered a key contributor to change in Davao City’s real estate landscape.

Davao on the Rise was held at Marco Polo Hotel on March 20, 2019. It was supported by SunStar Davao and Anchor Land.


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