Davao City’s real estate market has been growing steadily and it seems there are no signs that it will slow down any time soon.
Kevin Terence Olmedo, president of Davao Chapter of the Chamber of Real Estate and Builders’ Association (CREBA) and Marlon Escalicas of MCLE Realty shared inputs to Edge Davao.
(Just a disclaimer, the information included is purely based on Olmedo’s opinion and/or perception. Much information like area, price point, and the number of projects in Davao are “guesstimates”.)
The following are the top of mind or the major players in real estate:
1.Filinvest land Inc. (FLI). The real estate arm of Filinvest Development Corp or FDC. The company has developed over 3,000 hectares of land into homes for over 160,000 families. From residential communities, FLI has expanded to build urban areas, mid-rise and high-rise apartments, BPO centers, office buildings, shopping malls and leisure facilities.
It’s a mid-cost project, except for Kembali Coast. It develops condominium (mid-rise) house and lot and lot only developments. Buying a property at FLI will cost from P3M to P7 M (for condominium, mid-rise), P3 million to P7 million for house and lot; and P2 million to P4 million for lot only.
It has a total of eight projects and an estimate land area of 100 hectares. Its buyer profiles comprised of end-user, speculator/investor.
2. Vista Land by Villar Group of Companies. One of the top integrated real estate developers in the Philippines and the biggest house builder overall. The business of developing residential and commercial real estate is operated by the company.
It develops mid-cost projects of condominium (high rise), house and lot, and lot only. Buying a property at Vista Land will cost from P4 million to P8 million (for condominium, high-rise).
It has an estimate of six total projects and an estimate land area of 150 hectares to 250 hectares. Its buyer profiles comprised of end-user, speculator/investor.
3. Ayala Land Inc. Considered one of the largest property developers in the Philippines creating master-planned communities that promote sustainable development and provide long-term value to our residents, investors, and stakeholders.
Its projects are high-end developments except for Avida. Its high-rise condominium with a price point of P6 million and up.
It has an estimate of six total projects and an estimate land area of 100 hectares. Buyer profile of Ayala Land is speculator/investor.
4. Cebu Landmasters Inc. A home-grown real estate development company in Cebu engaged in the development of residential, office, hotel, mixed-use and township projects.
CLI’s projects consist of mid-cost development to high-rise condominium, house and lot, and lot only. Buying a property will cost P4 million to P8 million. It has an estimate of seven total projects with an estimate land area of 100 hectares to 200 hectares with end-user, speculator/investors are buyers.
5. 8990 Holdings Inc. A developer of economic and socialized housing with a price point of P2 million to P3 million. It has an estimate of four to six total project with an estimate land area of 300 hectares to 500 hectares. Profile of buyers are end-user and speculator/investor.
6. Prestige Home and Realty Development Corporation (PHRDC). One of Davao City’s most trusted and fast-growing land and property developers. Projects are mid-cost development. Buying a house and lot will cost P3 million to P8 million. It has total estimate of four projects with an estimate land area of 100 hectares to 150 hectares. Profile of buyers are end-users.
7. Santos Land and Development Corporation. It intends to be an established home-grown builder of innovative, diverse, and sustainable enterprises that inspire a better quality of life.
Its projects range from mid-cost to high-end development of condominium and house and lot normally sold at P4 million to P12 million. It has an estimate of five total projects with an estimate land area of 100 hectares to 200 hectares. Profile of buyers are end-user and speculator/investors.
8. DMCI Homes. Envisions to be the best provider of residential communities designed to create quality lifestyle responsive to the changing needs and preferences of the market it serve.
It develops mid-cost condominium (high-rise) developments. Buying a property at DMCI will cost P4 million to P7 million. It has one project with land area under 100 hectares. Profile of buyers are end-user.
9. Suntrust Property Inc. (SPI). A subsidiary of Megaworld Corporation. Currently developing One Lakeshore Drive condominium in an 11.2-hectare Davao Park District. Its projects are above mid-cost development of high-rise condominium. Buying a property at SPI will cost P4million to P9 million. It has one project with a land area under 100 hectares. Profile of buyers are speculators/investors.
10. Sta. Lucia Land Inc. A leading Philippine developer of residential communities and listed on the Philippine Stock Exchange. It is part of the Sta. Lucia Group with over 50 years track record of real estate development. It aims to build homes for the family that will leave a legacy in its strategic land developments, growing communities, and expanding quality projects.
Sta. Lucia’s projects are mid-cost developments of lot only and condominium. Buying a property at Sta. Lucia will cost P3 million to P7 million. it has seven projects with an estimate land area of above 300 hectares. Profile of buyers are speculators/investors.
11. Damosa Land Inc. (DLI). The property development arm of the ANFLO Group of Companies is the first developer to introduce the agricultural metropolis or agropolis in the Philippines. DLI draws inspiration from years of cultural heritage and ANFLO Group’s immersion in Mindanao’s agricultural industry.
Its projects are above mid-cost developments of house and lot and condominium. A property at DLI will cost P3 million to P12 million. It has three projects with an estimate land area of 150 hectares to 250 hectares. Profile of buyers are end-users, speculators/investors.
12. Anchorland Holdings Inc. A high-end real estate developer in the Philippines providing luxury residential and commercial properties.
The company’s project is above mid-cost category of a condominium with a price range of P4 million to P9 million. It has one project with an estimate land area of under one hectare. Profile of buyers are end-users, speculators/investors.
13. SM Development Corporation (SMDC). Develops primary homes that attract customers looking for conveniently located, aspirational, yet affordable residences.
Its development is of mid-cost category condominium with price ranges from P4 million to P7 million. It has one project with an estimate land area under 10 hectares. Profile of buyers are end-users and speculators/investors.
14. Alsons Development and Investment Corporation (including Nurtura). One of Davao City’s leading real estate developers.
Alsons develops mid-cost to high-end development with project category of house and lot and lot only. A property at Alsons will cost P5 million and up and P2 million and up. It has nine projects with an estimate land area of 350 hectares to 450 hectares. Profile of buyers are end-users and speculators/investors.
15. Aeon Luxe Properties, Inc. Homegrown firm ALPI is the developer of the iconic Aeon Towers, which set the record as the tallest building in Mindanao.
The glass covered 33-level skyscraper is an imposing architectural masterpiece in Davao City’s CBD.
ALPI is currently developing its second project in Davao City, Aeon Bleu, a complex with three residential buildings, one condotel, one office building and another one for sports and lifestyle activities.
Meanwhile, Olmedo said for his list of developers, he chose them based on the number of projects (market presence); project size (land area) and project portfolio (condominium, lot only, house and lot, etc.).
“We are talking and basing here on the reservation sales because the other side of it is conversion meaning if these reserved sales will continue till full down payment or full payment/bank release or they will cancel within the down payment period for reasons that they can’t pay anymore,” Escalicas said.