Real estate consultancy and research firm Colliers declares Davao is still a leading residential hub in the Visayas-Mindanao region, thanks to the growing inflow of remittances from OFWs, progressi…
Real estate consultancy and research firm Colliers declares Davao is still a leading residential hub in the Visayas-Mindanao region, thanks to the growing inflow of remittances from OFWs, progressive infrastructure development, and sustained regional economic growth. This strong standing has led to an increase in demand for residential properties, particularly condominium units. Colliers sees condominium prices in Davao growing by an average of 3.2% annually over the next five years.
This is affirmed by Lamudi’s 2022 Real Estate Hotspots Report, which cited Davao as the most searched city in Mindanao in 2022. “This may be driven by the progress of infrastructure projects benefiting Davao City residents, such as the High Priority Bus System, Mindanao Railway Project, and the renovation of the Davao International Airport,” said the report.
“Today, we are officially topping off the first building of Maldives Oasis, taking another step toward delivering our promise of providing Davaoeños a better normal-ready home and highly appreciating investment,” said Valderrama. Building A will be home to 241 condo units.
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