“In our view, Davao’s residential market will continue to benefit from the region’s economic recovery beyond 2022. Despite market disruptions due to Covid, demand, primarily seen to be coming from OFWs and investors, is still expected to take-up inventory as the country starts to ease mobility restrictions and economies open,” Theresa Teodoro, Senior Director and Head, Advisory Services told the BusinessMirror in an online interview.
“Davao will still remain to be the preferred residential investment hub of Mindanao, given key indicators and upcoming infrastructure projects. Current market conditions have led to a shift in demand for affordable products. There was also increased interest for horizontal developments, though opportunity remains for condominium developments with the right product, pricing and innovative payment terms,” Teodoro pointed out.
Eduardo Aguilar, Bria’s division head, is bullish on the company’s prospects in Davao. “Bria Homes is reaching out to more Filipino homeseekers and investors, encouraging them to settle down, grow, and prosper at any of our three idyllic communities in Davao. Few locations would surpass these as the best places to spend one’s retirement years,” Aguilar told the BusinessMirror in an e-mail interview.
Panabo, an agro-industrial city known as the “Banana Capital of the Philippines,” will be a tourist delight as it is host to numerous banana plantations.
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