Developer sees potential of Davao's condo market

Subscribe Now August 26, 2011 at 02:09pm

CENTURY Properties, a Manila-based real estate company, offered high-end residential suites to Dabawenyos who wish to own or invest in condominium units during the week-long Kadayawan sa Dabaw celebration. The company held a road show, attended by its sales executives, to promote its condominium development projects in the nation's capital.

"We are offering investments in real estate, we understand that others prefer to invest in bonds [that] are flat rate while in real estate these properties appreciation goes up at least one percent every month," Honey Mutia, sales officer of Century Properties, said.

With three high-end residential properties in different locations and with different architectural designs and amenities in Metro Manila, Century Properties has introduced to Dabawenyos the following types of luxurious residential opportunities: Azure -- the urban resort residences that offer a man made beachfront and is located in the heart of the city, Acqua private residences, the country's first residential Eden, and the Milano residences, designed by Versace Home.

"Our locations are well thought of and we have a good network that helps us in our promotions and we have tapped investors to invest in our properties," said Nina Chua, director of sales.

After six days of being in Davao, Mutia said Dabawenyos have availed five units at Azure and five at Acqua private residences, but refused to disclose the names of the buyers.

All of their high residential properties have affordable low paying schemes from no down payment to at least P20,000 monthly.

"These are luxury properties that are easy to pay and are made affordable," Mutia said.

Azure residences have as low as P18,000 monthly rate, while for as low as P20,000 you can own a piece of Eden in the center of the metropolis.

The Milano residences are the first luxury private residences in Asia that Versace Homes have designed.

From 57 square meters, one bedroom residence that cost P8.5 million to a 400 square meters penthouse residence worth P64 million, owning one is an investment and a collectible according to AC Siwa, assistant sales director.

Three Milano residences only exist worldwide and these are in Europe, Australia and the Philippines.


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