Info Davao

Philippine Property Developer, Filinvest Land Incorporated (FLI), is expected to invest about P6 billion next year in Davao City with its residential development projects. Current projects of the company in Davao are the residential villages of Le Jardin, Fuente de Villa Abrille, Villa Mercedita, Orange Grove and Kembali Coast.

This will be a good option for foreigners wanting to retire in the Philippines who want to have a “home” in their name in the Philippines. The constitution prevents foreigners from owning land in the Philippines but allows them to take a long term lease of a condominium.

In addition to that is the P1.5 billion “One Oasis Davao City”. The One Oasis project is to be a cluster of medium rise residential building (MRB), more commonly known as “Walk up Condominium Units”. It is to be located on a 2.3 hectares property right beside SM City Davao.

Tristan Las Marias, FLI vice president for Visayas and Mindanao regional operations, said that the One Oasis Davao City is a pioneering residential development project because it introduces condominium style living to Davao.

The project is to be made up of seven medium rise buildings which will be developed over a three to four year time-frame beginning in March 2008. Each building will be 5 stories, with each floor having two bedroom units, one bedroom unit, and a studio unit. This will come to a total of 120 residential condominium units per building.

The project in Davao City is an Asian-Tropical inspired community. It is near offices, schools, churches, health clinics, commercial establishments and accessible to public transport along Quimpo Boulevard.

Mr. Las Marias said it is fully secured community with guarded access gates with first class amenities such as clubhouse, gardens, parks/children playground and swimming pool.

The first phase of development will consist of four walk-up residential condominium buildings, each building having 5 levels with basement and rooftop. All units will have an assigned laundry area located at the roof-deck level of the building.

There will be two stairways located at both ends of the building and one unit elevator at one end of the building for the use of the entire building residents. Parking slots at the ground level and storage areas are located at the basement are available for sale.

With very affordable monthly amortization that ranges from P12,000 to P15,000 depending on the type of the unit Las Marias said they will only utilize 35 percent of the area for building sites and the rest will be open spaces for parks, playground and swimming pool for the children to uncover.

Check out other Real Estate Properties and Houses in Davao For Sale here.

[SOURCE]

Related Articles:

• Davao as a retirement haven for foreigners
• Professional Regulation Commission (PRC) Davao Moves to New Location
• Davao City Seeks to Attract Foreign Retirees
• Ruben Gonzaga wins Pinoy Big Brother Celebrity Edition
• Melamine Milk Scare makes goats milk popular
• 2006 ASEAN Tourism Forum
• PUV Auto-gas conversion loan package available in Davao
• Francis J. Kong: If at first you don’t succeed
• Toyota: Moving Forward
• Francis J. Kong - Better than good