Davao's new players in property development

THE real estate scene in Davao City has been growing in a pretty fast pace in recent years with the entry of new projects from existing real estate companies and also new ones.

One of the newest players in the Davao City's real estate scene is Cebu Landmasters Inc. (CLI), which debuted in the city through a joint venture (JV) with the Yuson Commercial Investments dubbed as the Yuson Excellence Soberano (YES).

Under the JV, CLI is embarking on its first venture in Davao City, the Mesatiera Garden Residences in Emilio Jacinto Extension.

“This is one of those very successful, highly in-demand residential condo which puts emphasis on the environment and captures the demand preferences of the market that we are targeting. That is why results so far of our marketing efforts speak for itself,” said Jose Soberano III, president and chief executive officer of CLI, adding that their garden series residences cater to those in the middle-income bracket.

The residential building, with 694 units and 259 parking spaces, boasts of the convenient location it has near hospitals, banks, schools, malls, and other major establishments.

Mesatierra Garden Residences, targeted to be completed by 2020, also has garden-inspired amenities like landscaped areas, sky garden, spa pool, welcome pavilion, veranda, fitness gym, and jogging trails among others.

Another of CLI's project in Davao City is a mixed-use development in Matina, which is under the JV of Yuson Huang Excellece Soberano (YHES), which is composed of Yuson Strategic Holdings Inc. and Davao Filandia Realy Corporation.

The mixed-use project will rise on a 1.9-hectare land property that is located along McArthur Highway in Matina, Davao City just a few meters from the overpass fronting the University of Mindanao.

“We will do it in phases. The first phase will consist of the hotel, the first residential condo, boutique retail, and the convention facility. The second phase will be composed of the rest of the four condo buildings,” Soberano said adding the first phase would cost at least P3 billion.

CLI's mixed-use development also ushered in the entry of The Ascott Limited, one of the world's leading international serviced residence owner-operators, for the Citadines Riverside Davao, a serviced residence offering short and long-stay guests with spacious apartments and personalized services on top of the usual housekeeping, heightened security, and available amenities.

Another new player this year is the Aviana Development Corporation, which is a JV partnership between Ayala Land and The Alcantara Group of Companies.

The JV will be initially investing some P20 billion for the development of their mixed-use development in Lanang, the Azuela Cove, for the next ten years. The development will house residential, commercial, and lifestyle components.

Grand Land, Inc., the real estate arm of the Cebu City-based Gaisano Grand Group of Companies, has also penetrated the Davao City market as they have recently launched their first residential project in Davao City, Amani Grand.

Amani Grand will rise in a 2.8 hectare (ha.) area in City Gate, Grand Land's 8 ha. mixed-used development in Buhangin. The residential development will be comprised of four mid-rise residential towers with over a thousand units combined.

The entry of these land developers is definitely a testament of the changing landscape of Davao City.

Each project developer each has its own unique and different property project that will cater to the needs of Dabawenyos.


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