PALMETTO PLACE CONDOMINIUMS TO RISE IN DAVAO CITY’S SOUTH
Consuji-led developer bullish on Davao, to build third condominium project
DAVAO CITY — The Consunji group’s DMCI Urban Property Developers Inc. is starting within the third quarter of the year its third medium-rise residential complex in this city.
Leonora P. Gutierrez, area manager, said the application of the firm’s Palmetto Place in Maa district, just outside downtown, is already being deliberated for approval by the city council.
Palmetto Place will have four five-storey residential buildings. Initially, the plan was to set up three-storey buildings, but it was revised to accommodate additional units and provide service elevators, Ms. Gutierrez said.
At present, the company is completing the three-building, seven-storey Magallanes Residences, its second condominium complex in the city after the highly successful Ecoland 4000 which was completed two years ago. Ms. Gutierrez said the company has already sold 60% of the 115 units of the first building in Magallanes Residences. The next building is expected to rise in August, and the last building, six months later.
Magallanes Residences, located at the back of the Davao City hall, has 115 units per building, seven of which are for commercial use. A studio unit of 24 square meters with a balcony is sold for P2.8 million, while a 56-square meter, two-room unit costs P3.2 million.
Despite the global economic meltdown that has affected property development in other regions, Ms. Gutierrez said the company has been bullish on its investments in Davao considering the market’s response.
When the company began selling units at Magallanes Residences, two foreigners immediately bought two units each in cash, she said. But the Davao condominium market is still dependent on local clients, Ms. Gutierrez said.
DMCI is regarded as a trailblazer in medium-rise condominium development here. In 2006 local property brokers said the market was not ready for this type of residential projects, but DMCI still pursued its two-building four storey Ecoland 4000.
“At that time, everyone was telling us that the city was not ready for a condominium project, but we decided to go on with it. And we proved everyone wrong,” she said. — C.Q. Francisco
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Davao City is the crown jewel of the Philippines - constatly listed as one of the most desirable cities in Asia to live in, and for good reason. Just right beside the the enchanting Mount Apo and the Island Garden City of Samal, Davao City is well known as a leader in peace and order and environmental issues, and is a "Green" city in every respect.
Sports and recreational venues, educational opportunities, cultural events and institutions, and a robust commerce augment the seat of Davao City. 
Davao Aerial View![OMG ! [ Explore #1 ]](http://static.flickr.com/2631/4150305338_5dd4270c04_t.jpg "OMG ! [ Explore #1 ]")
Davao enjoys a weather that remains soothing most of the year. Its climate is characterized by a uniform annual distribution of rainfall, temperature, humidity, and air pressure.
Davao is typhoon-free. Protected by several mountain ranges, Davao is virtually out of the typhoon belt.
This discerning characterisitcs, makes Davao unique from the rest of the archipelago. Davao being virtually typhoon-free, lightweight clothing is a must. Whatever your purpose, Davao is the ideal destination to look forward to.
Davao City is populated by an even mix of tribes, from all over the Philippine archipelago and traders from the four corners of the world. The average Davaweño can easily converse and understand English, and it is fluent Tagalog and Bisaya or Cebuano.
The solemn rituals of the tribes, their rhythmic dance steps and chanting music are intimately interwoven with the rich customs and traditions of migrants. There are two main festivals, the Araw Ng Dabaw Celebrations every March and the Kadayawan Festival in August.
Apart from the fabled jeepney, taxicabs are plenty as well. One can avail of the numerous rent-a-cars. Just ask the hotel personnel.
There are a lot of places to stay all over city. It's not hard to find comfortable lodgings that suited your need. From 3 to 5 stars hotels.
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Take your pick among fast food, Chinese cooking, Filipino Dishes, Continental cuisine, Fresh seafood, deserts of sandwich and burgers. Formal dining is also available in hotels and large restaurants at very reasonable rates. Major credit cards are accepted.
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I made a research about DMCI, they will also develop another subdivision in davao’s south point! astig!
do they have the rates na for the palmetto?
matagal pa ang palmetto mag open// by that time//nag sawa na ang mga tao sa mid-rise..gusto na nila high rise tower condo na hehe
sana high-rise naman! puro na mid-rise! ano tingin nila sa davao, mid-urban city?? hehe pero at least its a good start.
cool…mid-urban gateway! hehehe sana mag widen na ang scope ng davao no? dapat davao should be recognized worldwide! so that international artists would visit davao also and large international hotels will also build in davao. so far we only have Microtel and Marco Polo davao
How many storeys ba ang palmetto?? 20 storeys ba??? heheeh sana highrise condo na to!
are there any news about companies building high rise office buildings in davaO?? puro lang kasi residential estates and condos
oo nga! over naman puro nalang mid-rise condos!