DAVAO MARKET STILL STRONG

 

Davaohive: Filinvest builds new subdivision and a hotel in davao city.

DAVAO CITY — Filinvest Land, Inc. is planning to start two more projects, including a hotel, in this city, with an executive noting that the property market is still in good shape.

Tristan Las Marias, company vice-president for Visayas and Mindanao, noted that Filinvest’s seven-building One Oasis Davao condominium project, still under construction, has been enjoying brisk sales.

Mr. Las Marias said Filinvest wants to be “one foot ahead” of competitors.

One of the new projects is a three-hectare subdivision that will rise on the property of the Villa Abrille family in Matina district just across the NCCC shopping mall, one of the biggest in the city.

The other is a medium-rise hotel, which will be just across the 10-hectare Abreeza, a mixed-use project of Ayala Land, Inc. and the Anflo Group of Companies.

The medium-rise project, which will sit beside the city’s Redemptorist Church, will be built instead of the previously announced businessmen’s hotel near the Davao international airport. “The [hotel project in Buhangin district] has been overrun by events,” he said.

He noted that most units in the first three One Oasis buildings and those in the 50-hectare Kembali Coast, an upscale residential resort in nearby Samal Island, are already sold.

“We were a bit surprised about the fast turnover,” he said in a press briefing over the weekend, pointing out that about 50% of the buyers were from outside the city. — Carmelito Q. Francisco

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~ by davaohive101 on April 30, 2009.

9 Responses to “DAVAO MARKET STILL STRONG”

  1. if i were filinvest, id rather buy the durian hotel than building a medium rise hotel hehehe

  2. DAVAO DEATH SQUAD HAS GONE WILD! KILLING EVEN INNOCENT PEOPLE! FOR THE SAKE OF MONEY, REPUTATION, AND PRESTIGE IN FAVOR OF THE ONE CONTROLLING THEM! WHAT A!!!

    • AHAY KARMA TO THE DAVAO DEATH SQUAD MEMBERS!! KARMA TO THEIR FAMILY! KARMA TO THEIR LOVED ONES! KARAMA TO THE PEOPLE THEY CHERISHED! SOMEDAY MUBALIK RA SA ILAHA ANG ILANG G.PANG BUHAT! DILI BUGO ANG GINOO PARA WALAY BUHATON SA ILA! THEY WILL FEEL AND EXPERIENCE THE WRATH THAT THEY DID!

  3. KARMA LANG GYUD FOR THE DDS MEMBERS AND THEIR FAMILIES! THEY WILL PAY DOUBLE THE LIFE THEY HAVE TAKEN AWAY.. WATCH OUT! MANY ARE WATCHING!

    • DAVAO COULD HAVE BEEN MORE PROGRESSIVE SIGURO HAD THERE BEEN NO EXTRAJUDICIAL KILLINGS THAT EXISTED! SO RAMPANT! SO SHAMEFUL! SANA MAMATAY NA LAHAT NA LAHAT NG DDS MEMBERS! KARMA BITAW DYUD NA!

      • I AGREE WITH YOU. THOSE DDS MEMBERS SHOULD REALIZE THE KARMA AWATING THEIR LIVES INCLUDING THEIR FAMILIES’ LIVES// ONE PERSON THAT THEY COULD KILL IS EQUIVALENT TO TWO PERSONS TO BE TAKEN FROM THEM/

  4. WOW DAVAO GYUD NI DA! SO PROGRESSIVE! 🙂

  5. DAVAO CITY AND GENSAN ARE BOTH ON THE GO!

  6. ROBOTICS FIRM TO EXPAND

    DAVAO CITY — A robotics company that opened an office here late last year is planning to expand at the Hijo Resources Corp. industrial zone in nearby Tagum City.

    Gil M. Dureza, Board of Investments chief for Southern and Central Mindanao, said HGG Robotics had informed him of the plan to put up a manufacturing facility at Hijo Port Town, a 760-hectare industrial zone.

    HGG Robotics produces equipment for precision cutting and welding of steel used for shipbuilding. The company, whose headquarters is in the Netherlands, sells robotic products to the Middle East, Europe, China and South Korea.

    Mr. Dureza said the “increase in the demand for industrial robots” prompted the company to start planning for the expansion project.

    Hijo Port Town, where the robotics company plans to invest, was accredited by the Philippine Export Zone Authority only in December last year.

    The property will be developed into a “modern port and an agro-industrial estate” with residential, commercial and leisure developments, its Web site said.

    Hijo Resources has set aside about 270 hectares for residential projects. About 12.7 hectares will be set aside for commercial development.

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