Future residents of the Matina Enclaves’ The Residences Building 1-B have a big reason to be excited this Christmas season.
That big reason could come soon as developer Escandor Development Corporation (Esdevco) announced the current status of the construction of the first residential condominium of the Matina Enclaves.
“It’s 89.39 percent complete,” said project head Gerald Kent Garces as he released the latest construction portfolio of the prime residential estate project of Esdevco.
Building 1-B, the first of five buildings under the “The Residences” wing of Matina Enclaves already in the market, is set for turnover once completed.
Building 1/B is the first tower of The Residences segment of the Matina Enclaves project and is due for turnover early next year. Only the final details of the building is undergoing completion.
“Everyone is excited to see the first building done,” Garces said as he aired the anticipation of the building’s homebuyers.
With the first condominium building now nearing its completion, Garces also said there are a few remaining units left in Building E, the fifth residential building on sale.
By far, the Matina Enclaves has sold out its first four buildings in just a period of two years. Building 4/D was fully sold out as of last month while Building 5/E has only a few remaining units left.
The Matina Enclaves is the initial venture into real estate business by the Escandor family, a native of Davao, known for their success in hotel and security agency business.
The vast mixed use residential estate located along Quimpo Boulevard in Ecoland is one of the fast-selling pieces of property in Davao City today. The project is riding on the crest of the current property boom in the city.
Esdevco has institutionalized a rewards system that gives back in return to its agents recognition for their efforts by way of monthly top sellers banquet.