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Real Estate + Properties
Real Estate News Roundup (March 26 to April 1, 2019)
Concluding the quarter is another comprehensive roundup of real estate reports for March.
By: Yoorekka Team | March 26, 2019
More condo developments soon to rise in Davao
Real estate property giants announced their project developments outside Metro Manila. Most of these firms have decided to explore the potential of the provinces, especially since business process outsourcing (BPO) firms have also decided to expand outside the capital where the cost of labor is cheaper. For the full details on the latest property news in the Philippines, keep reading.
Project Announcements
SMDC condo rising in Davao
Construction giant SM Development Corporation launched Lane Residences, its first-ever condominium project in Davao City that provides ease of access to its clients’ every need [1]. Located in San Antonio Agdao within the SM City Lanang Premier complex, SMDC’s Lane residences is close to Davao International Airport and Seaport and offers various facilities such as a multi-purpose hall, covered basketball court, swimming pools, and picnic and playground areas. The 24-square-meter property is designed with lush greenery and multiple open spaces to create a calming atmosphere, perfect for leisure.
First Anchor Land condo to be built in Davao
Venturing for the first time outside Metro Manila, real estate company Anchor Land Holdings Incorporated announced the construction of its 28-story residential condominium in Davao City [2]. The two-tower 202 Peaklane, dubbed as “Posh Southern Living,” promises business-forward prospects and future-ready living spaces to the underserved market in the southern metropolis. The high-rise property is a welcome change in the ever-evolving landscape in Davao City, as it provides and extends beyond the needs of its target market: the aspirational and always-on-the-go members of the city.
It will have sustainability features that include the use of energy saving LED lights in common areas and dual flush type water closets for common toilets. There will also be a roof deck garden, as well as its own Material Recovery facility for waste segregation and recycling.
Astoria adds 30 new villas in Palawan
Thirty new premier villas that have direct access to the beachfront of Sulu Sea will be built by Filipino hotel chain Astoria Hotels and Resorts in Puerto Princesa City, Palawan. The P1.5 billion project is expected to help boost the tourism industry of Palawan, named as the “World’s Best Island” by New York-based magazine Travel + Leisure. With these additional villas, Astoria Palawan now has a total of 146 rooms that will cater to both local and International tourists. [4]
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References:
[1] https://bit.ly/2Wivq6g
[2] https://bit.ly/2HDwONC
[3] https://bit.ly/2TTVyHU
About Yoorekka Team
Yoorekka’s team is composed of talented writers from all over the Philippines with varied interests, from creative writing to environmental advocacy. There is one thing that they share, though: they’re all passionate about producing articles that are not only interesting to read but also useful for anyone reading!
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