Filinvest to put up second One Oasis project in Davao

By Cheneen R. Capon
Property developer Filinvest Land Inc. (FLI) is planning to put up another One Oasis project in Davao City following the success of the first One Oasis Davao which is already near completion.
FLI first vice president for Visayas and Mindanao Tristan Las Marias said the construction of the second project in a two-hectare property on Bolton Streetwill start by the third quarter of the year.
“We haven’t decided the name of the project that it will be under the One Oasis brand but this project will have the same investment as the first one,” Las Marias said.
Talking to reporters at the sidelines of FLI’s Recognition of Top Sellers event at the Waterfront Insular Davao last Tuesday, Las Marias said the new medium rise resort type residential project will have seven buildingswith 150 units each varying from one to two-bedroom units.
The first One Oasis project in Ecoland has six buildings.
“The price will range from P2 to P2.5 million per unit,” Las Marias said. “The property will be smaller but it will be more prime considering it is beside City Hall and other offices of government agencies.”
Las Marias said these new projectswill attract non-Dabawenyos travelling here for business or for education purposes.
“There a lot of people travelling to Davao City who could actually utilize this as their weekend Davao residence,” he said.
Las Marias said many Overseas Filipino Workers (OFWs) seea huge opportunity in this new project because of its potential as a rental business.
“Davao City is a regional hub. Almost all the government offices for Southern Mindanao are here and all the major business establishments are here as well as major regional offices, so I’m sure the rental business opportunity is great and that might be an attraction for OFWs to invest,” he said.
Las Marias said the second One Oasis project will have almost the same amenities as the first one depending on the availability of space. It will have a clubhouse, swimming pool, basketball court, gazebos, and children’s play area.
Meanwhile, Las Marias said five buildings of the first One Oasis Davao project is ready for occupancy. The pool, clubhouse, and other amenities are already finished and are being used by homeowners and renters.
The sixth building is now under construction, he added.