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DMC Urban Property Developers, Inc. has ventured into developing the
first multistory residential condominium in Davao City called
Ecoland 4000 Residences, the Board of Investments said Thursday.
The development is a joint venture of DMC Urban
Property, a unit of the property giant DM Consunji Developers, Inc.,
and Dacon Corp., which owns the 4, 000-hectare lot where the
building will be constructed.
DMC Urban will pour in a total of P45 million
into the project, which is designed to address the need of
middle-income families for affordable homes.
The Board of Investments said that commitments
for the real-estate sector jumped 147 percent to P34.8 billion this
year, with the DMCI Project Developers driving the investment growth
rate by investing P1.15 billion in the development of a mass-housing
facility.
DMC Urban said Ecoland 4000 “conforms with the
P.D. 957 rules and standards … every unit will measure at least 42
and 51 square meters.”
The project will be constructed using the
conventional system of installing dry walls for interior, concrete
floor slab with ceramic tiles and wood parquet, aluminum-framed
sliding glass windows, while doors will be made with core medium
density fiber panel, and aluminum framed sliding glass door for
units with balcony.
-- Katrina Mennen A. Valdez
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