Hi Neo Davao readers. In spite of the global crisis being felt by other countries and in the US, Davao City’s local economy is experiencing the contrary. In 2009 – we have witnessed expansions and new investments in the city.
This 2010, expect for more. First stop – real estate and construction boom in the city. Camella Communities, a subsidiary of one of the biggest real estate developers in the country, Vista Land and Lifescapes, is allotting almost 1 billion pesos to finance its upcoming projects and expansion in Davao City.
The real estate boom is noticeable locally. And along with that, Camella Communities would like to be part of the boom through introducing new horizontal projects or residential communities. The new projects are themed subdivisions that will be built complete with modern amenities and facilities, and 24/7 security systems normally available only to upper-middle to high-end communities. Envisioned to become subdivisions with a high-end appeal and conveniences, but with costs that come within the reach of many Dabawenyos.
One of their most talked about project today is Camella Northpoint. A well planned and British colonial themed condominium community project located in a hilly part of the city, giving you a serene and expansive view of some parts of the city especially the northern part.
To the Dabawenyos investors, this is a good development. The entry of new projects will give you several choices. Just a tip, always consider the developer and the location. It is not enough to just invest because the project is affordable – always look at your investment in a long term perspective. Will its value appreciate? Will its brand contribute to its appreciation?
To sum it all up, this move by Camella Communities is good for the entire city of Davao. It will further boost our local economy through the creation of new jobs and investment opportunities.
Till next time Neo Davao readers!