Real estate leaders are saying Davao Region continues to outpace Manila in terms of performance especially in livable space in the real estate sector and among the factors why the region continue to attract investors are good governance and steady per capita income.
Ricardo “Cary” Lagdameo, president of Damosa Land Inc., (DLI), emphasized that good governance is among the things that investors would look at when going into a city.
“When we embarked on our project I found that it was easy to get permit, easy to navigate the local landscape and it has made our job a lot easier. The thing that would turn off any investors is bad governance,” Lagdameo said during the General Membership Meeting of Davao City Chamber of Commerce and Industry Inc., (DCCCII) on August 27, 2021.
DLI has been at the forefront of the real estate and property development industry in Mindanao. Its projects are spread in Davao Region and Mindanao that include Agriya, a mixed-use complex in Panabo City; 15-storey Damosa Diamond Tower in Damosa, Lanang; Damosa Fairlane subdivision in Damosa, Lanang; Seawind condominium in Sasa, Davao City; Damosa IT Park and Microtel by Windham in Damosa, Lanang; and Anflo Industrial Park in Panabo City.
David Leechiu, chief executive officer of Leechiu Property Consultants (LPC), cited Davao Region’s steady per capita income that would attract more investors.
“Davao’s per capita income has been steady in the last 20 years and it would come to a point where Metro Davao will attract more and more investors just because of the size of the relevant per capita income in Davao and the neighboring provinces,” he said.
Leechiu mentioned existing and upcoming townships that are going to be developed in the region and DLI’s developments that would change the landscape of the region and boost investor’s confidence.
“Because the new landscape will attract new investor confidence and a lot more investments doubling of investments by the once already here plus new capital. The traditional investors like Hongkong Land, JIC, CapitaLand might take a little while to invest in Mindanao,” he said.
Leechiu also said that affinity towards the Muslim investors from Malaysia and Indonesia where there’s a lot more cultural affinity will also make a bigger and more immediate difference for Davao Region.
LPC is a privately held professional real estate brokerage company with a mission to deliver profitable real estate solutions to its clients and partners.
