Mega Harbour agrees to new terms for Davao City reclamation
By: Nico Alconaba – Bureau Chief / @inqmindanao
Inquirer Mindanao / 03:36 PM April 10, 2017
DAVAO CITY – If she can have it her way, Mayor Sara Duterte-Carpio would not want the multi-billion-peso harbor project to push through.
A known ocean lover that she even nicknamed her children Sharky, Stingray and Stonefish, the mayor said she did not want the reclamation project as it could destroy the sea.
“But I am willing to set aside my personal conviction for the general welfare and for the development of the city,” she told reporters last week.
The project will be implemented by the Mega Harbour Port and Development Incorporated.
Mega Harbour and Duterte earlier agreed to amend the Joint Venture Agreement (JVA), which her father, Rodrigo Duterte, the former Davao City mayor and now the President, signed in 2016, when he was still mayor.
The younger Duterte had introduced amendments to the JVA particularly on the sharing issue, in which, she wanted Mega Harbour to increase the share of the city in the reclaimed land, aside from shouldering the rehabilitation works of access roads, coastal barangays and the areas of affected residents. Her amendment would cost the company at least P1.87 billion more.
Mega Harbour, in a letter to Mayor Duterte, said it agreed to her suggested terms and from the original 5.9 hectares of land share, the city would have eight hectares. Mega Harbour also agreed to foot the bill for the rehabilitation of access roads, coastal barangays and areas within the project site from Barangay Bucana to Sta. Ana in Agdao district – where about 3,500 families reside.
In her response to Mega Harbour on February 21, Mayor Duterte also asked the company to furnish her significant documents about the project, including the environment impact assessment and relocation plan.
Under the original agreement, none of the area’s estimated 3,500 families would be displaced. However, the younger Duterte decided to briefly put the project on hold pending review.
Mega Harbour is owned by businessman Reghis Romero II. SFM/rga
Davao real estate to grow
The property and real estate sector sees a big shift of development going to secondary cities led by Davao in the next six years, according to consultancy company CBRE Philippines.
CBRE Philippines said much of the focus now was on Mindanao especially Davao City where landowners with vast landholdings on growth areas recently expressed interest to develop their properties.
“Developments in the secondary sites were initially limited to local developers. Over the past several years, the national developers started to enter these sites on a growing scale. This can be seen as a positive situation as this encourages local developers to step up in terms of putting up better quality buildings and structures,” CBRE chairman and chief executive Rick Santos said in a news briefing Thursday in Makati City.
CBRE identified other top secondary sites such as Laguna, Cavite, Bulacan, Pampanga, Cebu, Bacolod, Iloilo, Davao, Cagayan de Oro and Zamboanga.
Funds for Davao-Samal bridge ready – Teo
By Mary Grace Padin (The Philippine Star) | Updated November 23, 2016 – 12:00am
MANILA, Philippines – The Department of Tourism (DOT) said the funds needed for the construction of a bridge that would connect Davao City to the island garden city of Samal was already in place.
Tourism Secretary Wanda Teo said the Davao-Samal Island bridge project could commence anytime soon.
The proposed budget for the construction of the Samal bridge currently stands at P16.47 billion, according to Tourism Assistant Secretary Eden David.
David, who also heads the newly formed DOT Mindanao office, said the project’s pre-feasibility study was already underway, and project implementation was expected to start by 2019.
“(The Department of Public Works and Highways) already submitted to us the initial report prepared by JICA (Japan International Cooperation Agency). We’re looking at some improvements already,” David said.
“The dates will vary, but one thing is for sure, programs have been initiated relative to funding it, both for the feasibility study and the full bridge construction,” she added.
The pre-feasibility study aims to identify the best route where the bridge will be located, among others.
David also assuaged concerns about the project’s implementation.
“Actually, along the way when the study (was started), there was a consultation held and people from Samal were asked if they want this particular bridge,” she said.
“Similarly, there was also a survey conducted among Davao residents. And of course, majority said this was a welcome development,” she added.
The DOT said the construction of Samal Bridge would establish a more seamless connectivity between the destination and the city proper, making it more convenient for travelers to go to the island.
“I still believe that we need the bridge, because from there on, it would be easy. I would like to promote Samal as a beach destination. There are many resorts and diving spots in Samal,” Teo said.
The project is also part of the DOT’s initiatives to establish overall road connectivity within Davao and the Mindanao region, which is a priority program of the DOT.
According to David, DOT Mindanao is currently targeting to finish 80 percent of the road projects under the convergence program of the DOT and DPWH by 2017.
The DOT has already started the groundwork with the DPWH to identify the next set of priority road projects in the region starting 2018.
Data from the DOT showed that over 2,500 kilometers of roads were constructed in Mindanao in 2015, connecting various destinations in the region.
Life is Here in Davao
Endowed with variety of picturesque landscapes, Davao’s topography dazzles: fruit plantations and orchid farms couple with mantle volcano- fed hills and valleys; its virgin forests nurture rare wildlife. It has an enchanting brilliant tapestry of harmony, woven from the diverse cultural threads of its people. In Davao, the contemporary fuses with the traditional as migrant settlers from all over the country co- exist in peace with a fairly large expatriate community and numerous ethnic tribes who continue to live as they did centuries ago.
Davao is an anchor tourist destination and one of the 7,107 times more islands that make up the Philippine archipelago. It is a natural haven for both sedate and daring pursuits.
Davao, on the southeastern seaboard of Mindanao, is attracting more tourists because of its rich culture, abundant natural resources, forests, wildlife sanctuary and the magnificent presence of Mt. Apo, (the tallest mountain in the country). Davao City limits sprawl over 224,000 hectares, among the largest in the world, leaving ample space for environmentally friendly expansion and development.
If you’re in for an exciting and unforgettable experience for both business and leisure, come to Davao and feel the captivating lure of nature’s bounty fused with cosmopolitan comforts. A city that’s bustling yet peaceful, modern yet rustic. Anytime of the year, there’s always a good reason to visit Davao City.
Davao City is a place like no other. Offering the best of urban amenities and rural pleasures, it is a place where business an leisure are interchangeable. Where the luxuries of cosmopolitan living complement the breathtaking beauty of the great outdoors.
Another high-end residential community to rise in Davao
By Reuel John F. Lumawag
Read more: http://www.sunstar.com.ph/davao/business/2016/08/03/davao-citys-real-estate-still-thriving-489068
Follow us: @sunstaronline on Twitter | SunStar Philippines on Facebook
Thursday, February 26, 2015
TORRE Lorenzo Development Corp. (TLDC) is set to start the development of its master planned luxury residential community in Davao City this year.
Siam 8000, which will be developed in three years, will house residential towers and hotel, which will be operated by Dusit International. The residential community will rise on a property, which is over a hectare, on Maryknoll Drive, Pampanga, Davao City.
“We are ready to go up,” Tomas P. Lorenzo, TLDC president, told reporters during TLDC’s Investors’ Night at the Marco Polo Hotel Davao.
“Siam 8000 will set the tone for future developments in Davao, elevating the city as a world-class travel destination where Dabawenyos and guests can enjoy deluxe accommodations that accentuate what the city has to offer,” TLDC said in a statement.
Lorenzo said there will be four projects to rise in the area but they will first focus on the construction of two projects, the 168-unit Dusit Thani Residences and the 120-room Dusit D2 Hotel.
The first to rise is the P2 billion Dusit Thani Residences, which is the latest project of TLDC in partnership with Dusit International. The condominium tower will rise on a 1.2 hectare portion of Siam 8000.
Dusit Thani Residences, which is targeted to be completed by 2016, features concierge service, in-room dining, 24-hour security, housekeeping, exterior and in-room maintenance, and courier and transportation services.
The residential unit will also feature a spa and wellness center, swimming pool, specialty restaurants, business center, meeting rooms, and conference facilities, among others.
Lorenzo said future unit owners or residents will have the opportunity to buy a unit and have the hotel to use it as a room or stay in it as their home.
“Davao’s thriving tourism industry bodes well for the property sector as there is a rise in demand for luxury real estate presence. Torre Lorrenzo recognizes that there’s never been a better time than now to capitalize on Davao, the gateway to Southern Philippines, while its tourism and real estate activities show no signs of slowing down,” he said in a statement.
Aside from Siam 8000, TLDC is also developing the Lubi Plantation Resort, a master planned leisure community on Kopiat Island, Mabini, Compostela Valley. The resort will also be operated by Dusit International.
High-end mattress launched in Davao
February 16, 2015
DUNLOPILLO Philippines launched its high-end mattress, Cashmerian Luxe, in Davao City on Saturday.
“The Cashemrian Luxe is the most high-end product that Dunlopillo has for the Philippine market. All the technologies Dunlopillo has for its matresses are all in the Cashmerian LuxE,” said Jam Chan, managing director of Ital Design Furniture Depot, which is an exclusive distributor of Dunlopillo in the Philippines.
Chan said the Cashmerian Luxe, which is pegged at around P400,000, features the Tala Silver Latex, Thermic silk Cashmere, Talalay Latex, and the Dunlopillo Gel II technologies.
“Thermic Silk Cashmere keeps the body in long lasting comfort as it eliminates perspiration and thermal heat rise while Talalay Latex allows exceptional air ventilation and breathability for ideal temperature control. Tala Silver Latex maintains hygienic control by eliminating dust mites and bacteria while Dunlopillo Gel II supports the back with spinal alignment and pressure relief,” Dunlopillo Philippines said in a statement.
It also features the duo Comfort Pocketed Spring System, which conforms to the individual’s sleeping posture, and Cotton Felt.
Chan also said the Cashmerian Luxe is also “anti-microbial and 99.9 percent of the time kills germs.”
She said the mattress uses latex foam, which is derived from rubber, which allows better spine support for the individual.
“Technically whatever your needs and wants for your mattress, it is all available in the Cashmerian Luxe,” Chan said.
She said the product has already been launched in Metro Manila last year but at present, it is only available in their flagship store in Davao City because it is only here where stocks are available while the stocks in Manila have already been sold out. Chan said their flagship store in Davao City, which is located at the third floor of Abreeza Mall, has already received inquiries for the product. Aside from low-end to high-end mattresses, Dunlopillo is also offering pillows, bed frames, and mattress protectors. Chan said they will be bringing in other pillow sizes and travel pillows to Davao soon.
Davao City Will Be Home to New 2-Billion Peso Asian Hotel
by Timothy Walker
Dusit Thani International will be building a 2-billion peso complex-hotel in Davao. The 1.2 hectare residential scheme will be named Dusit Thani Residences and is a project shared in partnership with Toree Lorenzo Development Corporation.
The complex will be built at Siam 8000, in Barangay Pampanga, Davao City – “We’re incorporating the essential elements to create communities that enhance the way people live,” said Tomas P. Lorenzo, Torre Lorenzo president. “We are proud with what we planned for Siam 8000, that will be defined through its distinguishing landmark, the Dusit Thani Residences.”
Dusit Thani Residences said this is their a first for them in the Davao area market – the complex will be ready by 2016 and receive support through their Dustin Thani Manila group, the company has a 25 year record within the Philippines for high-end residential hotels and condos.
“We are very confident that our partnership with Torre Lorenzo will be successful, given the alignment in vision, complimentary skill sets, and each stakeholder’s commitment to quality,” said Ryan Chen, Dusit International’s Director of Development for Asia Pacific.
Chen said that Davao City has immense potential as a travel destination – and with their help can also build a superior real estate market as well.
Mice Group Formed In Davao
By Antonio L. Colina IV
Tuesday, December 2, 2014
EVENTS organizers and planners based in Davao City on Monday finally unite and formed a group to further boost the city’s bid to become a major destination for meetings, incentives, conventions, and exhibitions (Mice) at the Seda Abreeza Hotel.
The group is dubbed as “Mice Organizers Ventures Davao (Move Davao).”
Move Davao president Christian Porras said that pushing Davao as a preferred Mice destination will not be possible had it only relied on convention center, restaurants, hotels, and local attractions.
The exponential rise in the number of events being held in the city is also attributed to the efficient and capable events organizers and planners.
“We see the urgent need for professional and knowledgeable organizers and planners who can come up with Mice programs and work hand-in-hand in positioning Davao for the Mice market, thus the importance of this association cannot be underestimated,” he said.
He added that efficient and reliable Mice organizers and planners play a big role in every successful run of big events in the city.
For his part, City Councilor Al Ryan Alejandre, committee chair for tourism and beautification, said the group of events organizers and planners is the only sector that has no representation to Davao City Council, the highest tourism association in the city recognized by the City Government.
The councilor saw the creation of Move Davao as a one big move that will push the frontiers of the city’s potentials when it comes to hosting Mice.
“It’s been a long dream to institutionalize this group,” he said.
The first move to create this group was done in October when Alejandre called for a meeting with events planners and organizers that they should form an association.
The City Government, he said, will recommend to Move Davao should the city be hosting big events, either on local or national scale.
For a start, Move Davao will organize the Lamdag Parada on December 20, 2014, DOT yearend gathering set tomorrow, and Visit Davao Fun Sale slated on April to May 2015.
Local News: Phinma breaks ground for 1st condo project outside Manila
By Reuel John F. Lumawag
Monday, November 24, 2014
PHINMA Properties will soon start construction works at its first real estate development project outside Metro Manila.
The company had the groundbreaking for Arezzo Place Davao, a low-cost condominium development, on Dona Pilar Ave. in Barrio Pampanga, Davao City on Sunday.
The project will rise in a 2.6-hectare property, comprising 12 buildings with combined units of 1,080.
“To date, we are the cheapest and most affordable condominium…with our amenities and quality of construction comparable to those of the luxury brands,” Willie J. Uy, Phinma president and chief executive officer, said in his message during the groundbreaking ceremony.
Future homeowners can choose from a 30.6 square meter (sqm.) unit or a 32.5-sqm. unit with the option to combine the two units. The units are pegged at an average price of P1.37 million, subject to change without prior notice.
Arrezo Place Davao also offers very low monthly condominium dues at P45 per sqm. or P1,350 a month. Average monthly rental fee is also at a minimum at P8,000 to P10,000 for a fully furnished unit and P6,000 to P8,000 for a semi-furnished unit.
Unit features include painted walls and ceilings, vinyl floor planks, modular kitchen with granite counter top, powdered-coated sliding aluminum-framed windows, fire-rated steel door with peephole and door knocker, airconditioning unit opening, telephone, internet, and cable TV connections; lighting, switched, receptacle and airconditioning unit power outlets; 2.6 sqm. to 4.5 sqm. balcony for 30.6 sqm. units; 4.5 sqm. balcony for 32.5 sqm. units, 1.5 sqm. laundry area, and 2.5 sqm. (under soffit) ceiling.
There will be 12 buildings that will rise in the development wherein the first two are targeted to be completed by the third quarter of 2015. For the whole project, they are targeting to complete it within two and a half years.
Building features include a five-storey elevator hallway type, 18 units per floor, 90 units per building, fire alarms and sprinkler system, fire-hose cabinets on every floor, ground floor ramps, and fire exits.
Amenities and other features of the project include a multi-purpose function hall and upper lobby, adult and children’s swimming pool, collegiate basketball court, landscaped gardens, commercial units for lease, children’s playground, sewage treatment, and 283 parking slots, wherein 161 slots are in the parking building and 122 are on-grade parking.
Phinma Properties is the first and only developer in the country with triple ISO certification for the Quality, Environment, and Safety. The company was recently awarded the 2014 Philippines Property Awards for Best Affordable Condominium Development and the 2014 Southeast Asia Property Awards for Highly Commended Best Condo Development.
Local News: House model blessing vouches Esdevco’s building capability
By Marianne L. Saberon-Abalayan
Wednesday, November 19, 2014
HOMEGROWN Escandor Development Corporation’s building capability got a big boost, as it held a blessing of its first Braun house model in The Courtyard, one of the three residential options of Matina Enclaves, a premier mixed-use 5.3 hectare development project, Tuesday evening.
Birthday couple Esdevco president Glenn Escandor and wife Michelle along with Escandor matriarch Violeta and son Gerome welcomed guests to the activity that was officiated by San Pedro Cathedral priest Rev. Elvie Bordios.
Escandor said, “The house blessing is symbolic of a collective effort from the whole Esdevco team including designers, our staff and our workers. It is a product of hard work. To me, this is a big achievement because it also speaks of our credential in building houses. Now that we have completed our first model unit, the public can now physically enjoy and appreciate the design and functionality of the house.”
He said The Courtyard, a one-hectare pocket development, has already sold at least 30 of its total inventory of 40 housing units.
“I’m very happy with the turnout since all of our house models – Sepia, Braun and Genta have all been patronized well,” said Escandor, whose family also owns Davao City landmark The Royal Mandaya Hotel and Davao Security and Investigation Agency Inc. (Dasia).
He also said that local market’s “patronizing the project speaks of their trust and confidence of Esdevco as a credible developer.”
“Matina Enclaves is really a product of local talents. The designers, our contractor are all Dabawenyos. This makes me even proud, because a local group like Esdevco is able to compete with big developers,” Escandor said.
He, however, added that house construction for the end-users is dependent on the payment milestone. Once 80 percent of the full downpayment has been paid, house construction starts so it can be completed when a home buyer has paid the downpayment in full.
Project director Gerald Kent M. Garces, meanwhile, said a 159-square-meter Braun unit costs P7.9 million while a 115-square-meter Sepia unit is pegged at P6.8 million and the 171-square-meter Genta unit costs P9 million.
“The Braun unit has three bedrooms with a toilet and bath room each on the second floor, a maid’s room and toilet and bath room and powder room on the ground floor. Each bedroom has built-in wardrobe cabinets, among other features,” Garces said.
The ground floor also has living, dining and kitchen areas with built-in kitchen cabinets. It also has a carport while a store room is located at the back portion of the house.
Arhitect James Magdadaro, 28 years old, for his part, said it took six months to build the Braun model house.
“Its design is modern contemporary but it’s not super modern. The general design is simplified but not typical. Maganda ang resulta,” Magdadaro said.
The dynamic architect also said the design is functional, not limited to the structure as they were able to maximize the space especially the division of the bedrooms.
Magdadaro said they used pre-cast technology in most of the house structure including walls and floor slabs but they sought the expertise of interior designer Jennifer Tan to complete the modern contemporary look of the Braun house model.
Garces also said that Genta and Sepia model units will be finished by second week of December along with the blessing of its two-storey clubhouse called CAME (Clubhouse At Matina Enclaves) that features a gym, kids’ playroom, function/ meeting room, basketball court, snack bar, a 25-meter lapping pool and a kiddie pool, playground, and a function hall on the second floor that can accommodate 150 guests.
The Matina Enclaves is tucked along Quimpo Boulevard just across Matina Golf Club and minutes-walk from SM City Davao.
Local News: Damosa offers easy home leasing program
Saturday, November 15, 2014
WITH the recent addition of new house models at Damosa Fairlane, Damosa Land, Inc. has once again proven how it continuously provides its clients with products that fit their specific needs.
Applying the same principle, Damosa Land now also offers a smooth and hassle-free home leasing program to its buyers.
Cary Lagdameo, vice president for Damosa Land Inc., figures in on the estimated return of investments, particularly on the yield and appreciation of houses nowadays.
“Being investors ourselves, we want to make sure that our investment will yield the highest return. For instance, we try and target about a 5 percent annual rental yield (net) for our buyers. Plus, if we take into account the appreciation of the property, which depends on when the buyer purchased his home, one should be getting close to a 10% return on his investment which is actually the highest in the industry today,” Lagdameo said.
“We are witnessing a growth in investments in the whole Davao Region over the last few years and we believe that this will continue in the years to come. These investments imply that more transient workers will be heading to Davao, which means an increase in the market for home rentals as well,” Lagdameo added.
In the Home Leasing Program, homeowners can enroll their homes with Damosa Land. Damosa Land will then utilize its network of in-house and partner brokers to lease out their homes.
As Damosa Land greatly values every home that it builds, it considers every unit as one of the most significant investments that their buyers will make in their life.
Damosa Fairlane, the maiden residential community project of Damosa Land, has completed about 20 houses, with 12 families now living in the community. It aims to complete over 200 more houses in the next 2-3 years.
For more information regarding this new offer, interested buyers can call Damosa Fairlane at 234-2888, or visit their marketing office at Damosa Business Center, Lanang, Davao City.
Damosa Land is the real estate and property development company of the Anflocor Group – the company that is responsible for developing business- and lifestyle-oriented commercial center, Damosa District.
Local News:Mindanao BPO industry gets boost with new cable system
By: Reuel John F. Lumawag, Sunstar Davao
Tuesday, October 28, 2014
THE setting up of the Brunei Darussalam, Indonesia, Malaysia, Philippines-East Asean Growth Area (BIMP-Eaga) Submarine Terrestrial (Best) Cable System is expected to boost Mindanao’s position as an information communication technology (ICT) hub.
“This (Best Cable System) will (provide support) to the only connection we are currently tapping, which is from Taiwan to Luzon to Mindanao,” Romeo Montenegro, Mindanao Development Authority (Minda) director of investment promotions and public affairs, said during Monday’s edition of Kapehan sa Dabaw at SM City Davao.
The Best Cable System, initiated by the Best Cable Consortium, is a high bandwidth cable system of over 5,092 kilometers that will link the sub-region (Brunei Darussalam, Sabah, Southern Philippines, and Kalimantan, Indonesia) with extension to Guam and will connect with United States and the rest of the Asean. The cable system has an initial equipped capacity of 2.4 terabytes per second.
Montenegro said the target completion of the Best Cable System will be in 2018.
He said with the current single connection, the Philippines is having a speed of 3.5 megabytes per second, which is among the slowest in Asia.
Montenegro said if we are looking at the future in using the internet as a platform for businesses, “with the kind of internet situation the country is in now, our neighbors will outperform us.”
He said laying down of the Best Cable System will increase the internet speed in the country and will ready the Philippines for the growing industry of e-commerce, e-trading, and electronic transactions.
He said they will be able to invite more investors coming from the ICT industry to come to Mindanao with the improved internet connection.
“[Davao City] has already been cited as the next wave city for BPO. [And] we see [more companies] locating here,” Montenegro said.
Local News:Davao developers told to deal with licensed brokers
By: Reuel John F. Lumawag
Wednesday, October 22, 2014
THE Philippine Real Estate Service Practitioners Inc. (Philres) in Davao City called on property developers to deal only with real estate service practitioners who are licensed under the Professional Regulation Commission (PRC).
Philres-Davao City president Maria Lourdes G. Monteverde told reporters last week it is required by the Real Estate Service Act (Resa) or RA 9646 for real estate practitioners to get a license and pass the board exam given by Professional Regulation Commission.
Feli Mahani, Philres Davao City auditor, said this will be for the security of both the buyer and seller.
Monteverde said both the seller and buyer have needs which the real estate practitioner will be able to link together.
They also said that investors and land sellers dealing with licensed real estate practitioners will know what is happening in the industry since the real estate practitioner is well versed regarding the local economy and real estate situation of Davao City.
Monteverde also said dealing with the right real estate practitioner, there will be a check and balance system between the seller and the buyer.
“One of the roles of the real estate practitioner is to balance out what the buyer’s needs and the seller’s needs,” she said.
They also said that having a licensed practitioner, the buyer and seller can be assured that the documents will be processed right. Also, a licensed practitioner will be able to facilitate the buyer or seller well.
Monteverde reminded real estate practitioners in Davao City to get or have their licensed renewed. She said those who are unlicensed will be penalized by the law.