ACCESSIBILITY and competitive business environment serve as magnets to property developers and investors in Davao, making the city a boomtown, online listing firm Lamudi Philippines said.
The online property agent listed down the top reasons why Davao City is a great real estate destination, as it is becoming a thriving property market in the Mindanao region.
One reason it cited is that Davao is considered the Regional Center of the Southern Philippines, as it is the center of business, finance, and education in Mindanao.
“The city houses numerous branches of national banks and financial institutions, and it is where One Network Bank, the Philippines’ largest rural bank in terms of assets, is based,” Lamudi Philippines said.
Lamudi also noted that the city is attractive to business, as rates of public utilities, real estate, rentals for commercial spaces, accommodations, labor, raw materials, and other business needs are comparatively cheaper in Davao City than in other major cities in Asia.
Davao also offers residents accessibility, Lamudi said, because of the city’s strategic location, making the place accessible by air, land, and sea travel.
It is home to the Francisco Bangoy International Airport, known as Mindanao’s busiest airport, which offers regular scheduled flights to Manila and Singapore.
“Travel via land is also made easy by the Philippine–Japan Friendship Highway, while the city is connected to Manila, Cebu, and other major seaports by roll-on/roll-off (Ro-Ro) inter-island ferries,” Lamudi noted.
Further enhancing accessibility, Lamudi noted, is city government’s supportive stance toward development projects that push the modernization of infrastructure like the city’s international airport, roads, bridges, and seaports.
The property website said another key feature that the city has to offer is peace and order, being reputed as one of the most peaceful and livable cities in Southeast Asia due to its low crime index.
“The city also runs a successful 911 central communications and emergency response system that lessened crime incidences and preserves lives and properties,” Lamudi said.