Davao Wakeboard Park, Southeast Asia’s Largest, to rise in Davao City

A PROPERTY developer will embark on an eight-year real estate and resort development project in Mintal, Davao City.

In an interview Friday, JJ Atencio, president of Housing Development Corp., told reporters the company will initially invest P30 million for its housing and resort project.

The project will involve the construction of the biggest wake boarding facility in Southeast Asia and is expected to boost the local tourism industry.

Housing Development Corp. is the developer of Deca Homes in Davao.

“We started with the project two weeks ago. We are investing in Davao City because we are optimistic about the future of the city,” Atencio said, adding the project will entail the development of a 125-hectare property, five hectares of which will be for a wake board facility.

Atencio said the project, with its wake board facility, is something new for Davao City. A wake board is a smaller version of a surfboard.

“I am not after foreign tourism…I am doing this the local tourism industry. I want Dabawenyos to experience wake boarding,” Atencio said.

“We will make the experience affordable. We are thinking of a P500 fee for the whole day. The P30 million is just an initial investment. We can always expand the business. There’s still a lot of room for improvement,” he said.

Atencio said he believes people should invest more during depressed times.

“We are happy to note that the real estate industry in the Philippines is not as complicated as the US. The crisis in the US is severe because the major drivers of its economy, the real estate and financial sectors, were hit,” he said.

By Joy Romares-Sevilla (Sunstar Davao)

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~ by davaohive101 on March 8, 2009.

13 Responses to “Davao Wakeboard Park, Southeast Asia’s Largest, to rise in Davao City”

  1. so it’s going to be bigger than CAM SUR? its a sure win if that’s the case. what other facilities will it offer?

  2. Davao City’s first Wake Board facility to rise soon

    A housing developer will infuse an initial budget of P30 million for the construction of a Wake Board sport facility within a 125 hectare housing project in Mintal, Davao City.

    JJ Atencio, president of 8990 Housing Development Corporation said the Wake Board project, which construction is now underway, lies within the five hectare portion of the entire housing subdivision project in Mintal named Deca Homes Esperanza.

    Atencio described the project as “something new in Davao City and the biggest in Southeast Asia.”

    He said the project is targeted to be completed in June this year, while the subdivision is eyed to be fully completed in the next four years.

    Atencio admitted however, that there is an “increased risk now” in going into fresh investments, in the wake of the global financial crunch.

    However, he believes that as long as there is proper management, the impact of the crisis is manageable for the real property development sector.

    “We have to continue with business with our eyes open and be very careful,” he said.

    “The only viable option is to continue business to make vibrant the current gloomy economic environment.”

    When asked how does his company addresses the crisis, he said, his company tries to maintain a high level of liquidity; pay its debts; and continue borrowing.

    He said the worst that could happen in the real property development sector is when banks and government financial institutions start to restrict lending.

    But, with the multiplier effect which the real property development sector is making in the national economy, he is confident that it would be unlikely for the banks to restrict lending, otherwise, it will contract the housing industry, he said. Judy Quiros (Mindanao Daily Mirror)

  3. wow this is great news for davao sports afficionados! i envy this place..so many upcoming tourists spots on the rise…i heard Mintal will be declared Japan Heritage Site.. sosyal

  4. i hope this is not just advertisement..

  5. Hello!
    Very Interesting post! Thank you for such interesting resource!
    PS: Sorry for my bad english, I’v just started to learn this language 😉
    See you!
    Your, Raiul Baztepo

  6. News Article
    New tourism industry trends pushed in Davao
    By Nef Luczon

    TOURISM Secretary Joseph Ace Durano pushed for the launching a “glamorous camping” and “adventure travels” in the Davao Region.
    Durano said these tourism trends would mean more jobs and income to the industry that the adventure travels could generate about P90 million in revenues for the region every year.
    “The US makes $300 million in that package alone, so it could do the
    same to us as well,” he said, adding that he already talked with the regional officials about the matter, after it was introduced in an adventure congress at Clark, Pampanga.
    He said he already explained the benefit of these new trends to the tourism industry.
    “Davao has all the ingredients on this adventure package,” he said, adding that foreign and local tourists can avail of the package that will include activities during a visit to a certain spot.
    Meanwhile the “Glamping,” is a new growing trend that, Durano said, may be put to the mid-area of Mount Apo. “It is a glamorous camping that when you reach the first stop of Mt. Apo, someone will greet you with fine dining wearing with formal dresses and attire,” he said.
    He said that this was inspired by tourism strategy in South African countries. Nef Luczon

  7. hala ka oy. excited nako taga catalunan ra ba ko duol ra sa mintal amo. basi dili pud mi ka afford ana. char lang.

  8. camp sabros now officially holds the records having the longest zipline in Asia! 🙂

  9. BOI gives nod to new Davao resort project

    By Abigail L. Ho
    Philippine Daily Inquirer
    First Posted 20:43:00 05/04/2009

    Filed Under: Real Estate, Investments, Tourism

    MANILA, Philippines—Real estate developer 8990 Housing Development Corp. has gotten the Board of Investments’ nod to put up an eco-tourism resort in Davao City.

    The local firm was granted nonpioneer status for its P69.9-million wakeboard camp, which is scheduled to start commercial operations next month.

    Upon opening, the Daca Wakeboard Camp-Davao is expected to directly employ 39 individuals, with possible additional employment in various establishments to be located within the resort.

    To make wakeboarding possible in the resort, the company will construct five masts with a 730-meter cable system as well as a seven-hectare artificial lake.

    Other amenities planned for the resort include a clubhouse, cottages, food shops and view parks.

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  11. when will you open? do you have membership?

  12. im excited to see this!! may hotel ba dyan??

  13. malapit na….. on-going na ang construction…. malapit na malapit na….. watch-out………………. pina process pa kasi yung papers for reclassification ng area kasi residential yun tapos kailangan maging parks and amusement…. pero patapos na ang excavation at nandun na ang cables..

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