Condo Demand in Davao Picks Up

REAL estate consultancy and research firm Colliers declares Davao is still a leading residential hub in the Visayas-Mindanao region, thanks to the growing inflow of remittances from OFWs, progressive infrastructure development, and sustained regional economic growth. This strong standing has led to an increase in demand for residential properties, particularly condominium units. Colliers sees condominium prices in Davao growing by an average of 3.2% annually over the next five years. Filinvest Land is one of the developers that is addressing this demand with their recently topped-off Building A within the Maldives Oasis condo community.

“The Davao City residential market has finally turned a corner and is seeing take-up rates reminiscent of 2016-2017 figures of around 3,500 to 3,700 units annually,” Colliers Director for Advisory Services Karla Domingo said.

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