REAL-estate is among the many industries that have been increasingly attracting investments into the Davao region as it positions itself as one of the country’s economic pillars at the start of 2022. This booming sector is very evident as townships, mixed-use developments, and subdivisions continue to rise.
At the recent 6th Davao Investment Conference 2021, Ayala Corp. President and Chief Executive Officer (CEO) Fernando Zobel de Ayala underscored the important infrastructure developments that make the region an investment magnet.
These include the Davao City Bypass, the Davao Coastal Road, the Mindanao Railway, and the expansion of the Davao International Airport, he enumerated.
The top executive of one of the country’s formidable companies emphasized that Ayala Land’s more than P40 billion investments, “including land acquisitions and… residential projects, retail outlets, offices, hotels, and tourism, and various other commercial properties… reflect our inherent belief in the growth potential of the region.”
Meanwhile, Cebu Landmasters Inc. (CLI) Chairman, President and CEO Jose Soberano III, mentioned one public need that can be a springboard for economic opportunity.
Acknowledging that the Davao region is one of the top areas in Visayas and Mindanao in terms of gross domestic product and population, he said that those factors will lead to concerns “of addressing the housing backlog.”
“That’s why we in Cebu Landmasters are here: we look at the opportunity… and would like to address those needs,” Soberano III pointed out.
Major regional property developer CLI is currently developing the Davao Global Township, an upcoming mix-used project just a stone thrown away from President Rodrigo Duterte’s humble abode in his hometown Matina, Davao City that is on track to meet its target completion in 2022.
Various investments like in real estate have continued to come into region amid the pandemic, making it listed it as the second most popular provincial city or real estate hotspot outside Metro Manila in 2020 based on overall page views of property seekers using the online property portal of Lamudi.