The four towers of the One Lakeshore Drive in Lanang, Davao City, a township project of Suntrust Properties Inc. is “technically” sold-out as of December 2016.
This was bared by Deanna Jean Claveria, Executive Vice President and Chief Operating Officer of Suntrust Properties Inc. in an interview with Edge Davao on Monday.
She said most of the buyers were young families and overseas Filipino workers.
One Lakeshore Drive is a 7.2-hectare residential component of the P15-billion Davao Park District, Megaworld’s 11.2-hectare township project in the city, while the other 4 hectares of the area will be developed for office buildings, lifestyle mall and upcoming learning center.
According to Claveria, the One Lakeshore Drive has four 21-storey towers with more than 1,700 units with prices ranging from P95,000 to P100,000.
With the outstanding sales of One Lakeshore Drive, Claveria said that the Two Lakeshore Drive, which will be composed of another four towers with more than 1,200 units, is open for selling for its tower 1.
“The township project is set to be formally launched on the early part of 2017,” added Claveria.
The turn-over of the units is set on 2020.
Built around the concept of “live, work, learn, and play,” unit owners will not just own a condo unit but also an entire township.
One Lakeshore Drive is part of the 11.2-hectare master-planned Davao Park District which will offer an eco-tourism project with its 8,000-square-meter man-made lake formed by a natural spring, various resort style amenities, fine dining restaurants, school, lifestyle mall and Davao Finance Center, a 15-storey building for offices.
Megaworld is now ramping up the construction of its first office building inside the township, the 15-storey Davao Finance Center at a budget of P1.2-billion.
It will have 20,000 square meters of leasable space.
Strategically located in Lanang, Davao City, One Lakeshore Drive is accessible to the city’s international airport and port, as well as premier business, learning and leisure destinations.