After the successful construction of two mid-rise condominium units near SM Davao by the Consunji Group and the groundbreaking of Filinvest’s similar project in the area at Ecoland, the trend of mid-rise condo projects in Davao is growing.
Consunji is constructing several mid-rise units at its property just at the back of City Hall in downtown Davao.
The other day, the Davao City Investment Incentive Board, where I sit, approved the application of Linmarr Towers for its six-storey Building A condo in Bo. Obrero. The P167 million project of the Bangayan Group involves the construction of 110 units of studios and two and three bedroom units. Two other buildings are also planned at its 1.1 hectare property along Porras St.
At the Ayala Center project at the Floriendo property at Bajada, mid-rise condos are also in the planning board.
Because of its vast lands, Davaoenos like to live in sprawling bungalow or two-storey type houses where they maintain front and backyard gardens. Now, there is increasing interests in condo living where occupants prefer to be near their offices, shopping areas, medical facilitities or schools for their kids.
The market of these condo units are split three ways – locals, overseas Filipino workers, and foreigners.