Buckle up and get ready, because Davao City is about to take real estate investing to the next level with its brand-new expressway. This game-changing infrastructure project has been making waves in the Philippine real estate market, and for good reasons. From easier access to key locations, faster travel times, and increased property values – this expressway is set to revolutionize the way investors approach opportunities in one of Mindanao’s most vibrant cities.
In this blog post, we’ll dive deep into why Davao City’s new expressway is a game-changer for real estate investors looking for exciting investment prospects that promise long-term growth potential.
Overview of the New Davao City Expressway
The DavEx Expressway is a major infrastructure project in the Philippines that aims to connect the cities of Davao.
According to National Development Authority (NEDA)-Davao Region Director Maria Lourdes Lim, the proposed undertaking is P69.81 billion worth involving a two-way, four-lane urban 29.21-kilometer expressway, which targets linking Davao City’s key areas. It is also aimed at centralizing the movement of passengers and cargo to major modes of transportation, including the seaport and the Davao International Airport.
The New Davao City Expressway: Construction Phases
Phase One of the DavEx project will consist of an 8.479-km elevated viaduct structure that will cover the Davao Coastal Road to Ma-a Interchange.
Phase Two on the other hand will be a similar stretch of about 8.510-km elevated viaduct structure from Panacan to the Ma-a Interchange.
The first two phases of the DavEx Expressway will be integrated with the existing Carlos P. Garcia National Highway, which is a major thoroughfare that connects Davao City to its neighboring provinces. This means that the first two phases of the new expressway will be designed to complement the existing road network, providing motorists with a faster and more efficient route to their destination.
Finally, Phase three will be the longest at 12.821-km at-grade structure, that will involve the construction of an expressway tunnel of about 0.27-km., from Ma-a Interchange to Dumoy Interchange. Phase III will be situated further north and will start from a new Panacan Interchange that is currently under construction. This new interchange will serve as the gateway to the third phase of the expressway and will provide motorists with easy access to the northern parts of Davao City.
Construction of the DavEx Expressway is expected to start in 2022, and completion is slated for 2026. The project is being carried out in partnership with the Philippine government and several private sector companies, simultaneously with the Davao City Coastal Road to remedy the heavy traffic situation in downtown Davao, all of which are committed to delivering a high-quality expressway that will benefit the Davao region.
Phase I – ₱ 23.1B
Elevated/Viaduct and At River (8.45 km)
Carlos P. Garcia National Highway (CPGNH),
Ma-a, Talomo to Sta. Ana Port, Agdao
Phase II – ₱ 23.4B
Elevated/Viaduct (Panacan-Ulas) (8.35 km)
CPGNH, Ma-a, Talomo to Panacan Road, Panacan
Phase III – ₱ 23.2B
At-Grade 6.5 km
CPGNH, Ma-a, Talomo to Bangkal, Talomo
The DavEx project is among the Chinese-government funded projects which also include the Davao-Samal Bridge, expressway and river bridge.
What are the Goals of the New Expressway
Reduce traffic decongestion in the key parts of Davao City
Improve the economic capacity of the city, by building an expressway that will decrease travel time from the seaport and airport to different parts of the city
Revitalize the local economy in the city and enhance the productivity of its business sector.
Benefits of the New Expressway
The new expressway will provide a much-needed boost to Davao City’s infrastructure, making it a more attractive investment destination. The expressway will improve connectivity between the city and its suburbs, making it easier for people to commute to work and shop for necessities. It will also provide better access to education and healthcare facilities. In addition, the expressway will spur economic activity by making it easier for businesses to transport goods and services to and from Davao City.
The expressway is expected to have a positive impact on Davao City’s real estate market. Property values are expected to rise as the city becomes more accessible and attractive to investors. The expressway will make it easier for people to live in Davao City and work in its suburbs, making it a more desirable place to live.
In addition to these benefits, the Davao City Expressway is also expected to have a positive impact on tourism in the region. The improved connectivity will make it easier for tourists to explore the city and its surrounding areas, which will ultimately lead to increased tourism-related investments in the region.
Investment Opportunities in Davao
The Davao City Expressway is expected to have a significant impact on investment in the region. One of the key benefits of the project is the improvement of transportation infrastructure in Davao City, which is expected to attract more investors to the city. The expressway will make it easier and faster for businesses to transport goods and services in and out of the city, which will ultimately lead to increased economic activity.
The new expressway will have a positive impact on the real estate market in Davao City and the surrounding areas. Property values are expected to increase as accessibility improves and more people can commute into the city for work or leisure.
If you’re thinking of investing in real estate in Davao City or the surrounding areas, now is a good time to do so. With the opening of the new expressway, property values are only going to go up from here.
Real Estate in Davao
Another important benefit of the Davao City Expressway is the development of new areas in the city. The expressway will open up new opportunities for property developers, who can take advantage of the improved connectivity to develop new residential and commercial spaces in areas that were previously inaccessible.
One of the key advantages of Camella Homes is its ability to identify and invest in growth areas that have great potential for return on investment. Davao City is one such region with significant growth and development potential in the coming years. Camella projects in Davao have recognized the potential of the Davao City Expressway to drive investment in the region and has already started to develop new communities in the city.
Camella projects in Davao are situated in the growth areas of Davao City. These projects offer a range of high-quality housing options, including town house, single detached house, and condominiums, designed to cater to the diverse needs of the residents. The projects offer excellent connectivity to other parts of the city, making it a highly attractive option for people looking to invest in real estate. Camella is conveniently located nears schools, universities, malls, places of worships, hospitals, seaports, commercial areas and is just a few minutes away from Davao international airport.
Camella’s expertise in developing high-quality housing projects that cater to the needs of the residents has made it a popular choice among Filipinos. The company’s commitment to excellence and quality has earned it a reputation as one of the most trusted real estate developers in the Philippines.
Gateway to Endless Possibilities
The expressway in Davao City is a major shift for investors and business owners. The project is expected to create more opportunities for local and international entrepreneurs as access to the city will become simpler. Not only that, but the new expressway will create jobs and improve infrastructure in Davao City. This makes it an attractive investment destination for potential investors from around the world.
Moreover, this monumental project marks only the beginning of other infrastructure projects being undertaken by the government to make Davao City one of the most attractive cities in the Philippines. With easy access and continued development initiatives, Davao City has opened up a world of possibilities to countless individuals who seek success.
Check out our House and Lot for Sale Properties
Discover our house and lot for sale properties in the Philippines
