Buying Properties in Davao: Real Estate Tips
Davao City is currently experiencing a huge real estate and economic boom with more foreign investors entering the premises. Huge malls and condominiums are built in various locations and new luxury subdivisions are also being developed in certain parts of the city.
Now is the perfect time to invest in property in Davao.
More people from other parts of the Philippines, as well as expatriates, are moving in to retire in the beautiful city to get away from the busy life that other metropolitan areas pose.
Staying in the Middle
Lanang and Bajada are currently experiencing the biggest developments as far as real estate is concerned.
There is a barrage of new high-rise condominiums, hotels, commercial complexes and hospitals built in the area after the opening of the Ayala Abreeza Mall and SM Lanang Premier Mall.
Going to shopping centers, commercial areas, schools, churches and other business locations will relatively take only 5 to 10 minutes.
Commuting also becomes easier because the highway is just a very short walking distance from your home or would-be condo unit.
The South Side
Matina and Ecoland are situated in the southern part of Davao City, just after crossing Bankerohan or Bolton Bridge. These are also good locations for people who wish to live in a suburban environment.
SM City Mall is located conveniently close to many subdivisions in the area. There are also a number of high-end villages in these locations. Going further into the south, residents will find very affordable homes in quiet and safe neighborhoods in Mintal and Toril.
The cost of houses in Mintal can be 50 percent to 70 percent cheaper compared to living near the downtown area. Traveling to Toril takes about 45 to 60 minutes from the areas of Bajada and Lanang.
Individuals looking for agricultural property can find affordable lots in Toril and Calinan, which is further ahead of Mintal.
The North Side
Sasa and Panacan are located after Lanang and also have a number of nice subdivisions. Homes in these areas are affordable, although not as cheap as those in Mintal and Toril.
Individuals can easily access the middle of the city by going through the Diversion Road. There are also lots for industrial and agricultural purposes available. Traveling downtown will take about 30 minutes.
Davao City is also poised to have its own railway line over the next years. The roads along R. Castillo and Quimpo Boulevard have also recently been improved.
More shopping places, hotels and commercial areas are also being built all over the city. Expatriates and locals will certainly find a wide array of residential areas and excellent condominiums depending on their personal preferences and budget.
Overall, because Davao City is on the rise to be at par with Metro Manila as a bustling metropolis, this is a great time to invest in property, whether in the South, Central or North of the city. There is an infinite number of opportunities to acquire and develop land at this time.