Investors told to take advantage of city’s real estate boom
January 26, 2013 § Leave a comment
Tuesday, December 4, 2012
REAL estate industry remains to be the major growth driver of Davao City’s economy. More developers are coming in, pouring in huge investments to develop condominiums, high-end to socialized housing communities, hotels and shopping malls.
Economists project a surge in the industry next year, propelled by huge spending, which the government will embark on in infrastructure projects.
Augusto Manalo, president of the Philippine Constructors Association Inc., (PCA) during the Philconstruct Mindanao 2012 forum held at the SMX Convention Center last week, said massive government infrastructure projects are in the pipeline and expected to be implemented next year.
Davao City’s top developer, Camella Davao, has urged investors that instead of spending their money on shopping spree this holiday season, why not go for the wiser option of using that extra cash to invest in a new home.
That way your bonuses don’t just disappear; they become an investment that you can enjoy for a long time.
You extra resources are best invested in a condo unit at Camella Northpoint, the landmark condo development of Camella at the junction of Buhangin Road and JP Laurel Avenue in Bajada. This British colonial-themed condo community has world-class facilities and amenities and an unmatchable living proposition.
Marlon Escalicas, Camella Davao general manager, said Camella meets halfway those who opt to invest their money in a Northpoint condo unit by giving homebuyers an early Christmas treat — huge discounts at Liverpool, Northpoints 4th tower.
“Homebuyers will be rewarded with an outright discount of P130,000 for a unit at this 15-storey tower. Not only that, they are also reducing the reservation fee to only P20,000, just the right price for those looking for affordable rates,” he said.
Making it more irresistible, Escalicas said, is the extended down payment terms stretched to 35 months.
For investors of rental condos, Liverpool’s big discounts and extended down payment terms are a boon to their investment.
Rental rates around north Davao go for P30,000 to P50,000 for a two- to three-bedroom condo unit with the same amenities like Northpoint. That’s more than enough to cover monthly amortizations.
With extended down payment terms, investors will have an easier time meeting their monthly obligations and will have a bigger ROI on their investments.
Escalicas said there’s no more reason for condo buyers and investors to pass up this opportunity to acquire the city’s most premier address. The best part is, they get not only the discounts, and they’re also acquiring a unique way of life that’s friendlier to both people and the environment.
Published in the Sun.Star Davao newspaper on December 05, 2012.