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