REAL estate consultancy and research firm Colliers declares Davao is still a leading residential hub in the Visayas-Mindanao region, thanks to the growing inflow of remittances from OFWs, progressive infrastructure development, and sustained regional economic growth. This strong standing has led to an increase in demand for residential properties, particularly condominium units. Colliers sees condominium prices in Davao growing by an average of 3.2% annually over the next five years. Filinvest Land is one of the developers that is addressing this demand with their recently topped-off Building A within the Maldives Oasis condo community.
“The Davao City residential market has finally turned a corner and is seeing take-up rates reminiscent of 2016-2017 figures of around 3,500 to 3,700 units annually,” Colliers Director for Advisory Services Karla Domingo said.
This is affirmed by Lamudi’s 2022 Real Estate Hotspots Report, which cited Davao as the most searched city in Mindanao in 2022.
“This may be driven by the progress of infrastructure projects benefiting Davao City residents, such as the High Priority Bus System, Mindanao Railway Project, and the renovation of the Davao International Airport,” said the report.
Aspire by Filinvest anticipates Maldives Oasis’ recently topped-off Building A within its green and healthy condo community to take on this growing demand.
“With its resort-inspired features and breathable open spaces paired with a superb location in Matina, we believe that this mid-rise development can fully satisfy our discerning Davaoeño investors’ desire for green, sustainable, and future-proof developments,” Filinvest Land First Vice President and Brand and Product Head Aven Valderrama said. (PR)