Davao City is the most populous city in Mindanao and the regional capital of the Davao Region. It is noted for its bustling economic activity, urban development, and modern facilities as the Philippines’ third-largest city,
Recognizing Davao City’s growing economy and potential property market, major real estate players and local developers are increasingly relocating or building their projects in the Davao region.
Not only that, but also Davao City is establishing a reputation as a thriving investment and leisure center, thanks to its favorable business climate, healthy economy, abundant supply of natural resources, active infrastructural plans, and, importantly, will continue to be a popular investment destination for both domestic and foreign investors in the coming years.
Reasons Why Davao is the Best Place to Stay and Invest In
Looking for an investment or a place to open up a business? Davao City is a competitive, highly urbanized city in the Philippines, a great place where you can start investing. Here’s why:
Safety
There are several enjoyable and exciting activities to do in Davao City, which attracts a large number of people. Apart from its beauty, one of the city’s most admired attributes is its sense of safety. Davao City is considered as one of the safest cities in the country.
According to Lamudi 2016, it’s no surprise that Davao City is routinely ranked as one of Southeast Asia’s most calm and livable cities. It has a low crime rate and is the second most peaceful city in the ASEAN, after Singapore. In addition, the city operates an effective 911 central communications and emergency response system that has reduced crime and saved lives and property.
Location (Accessibility)
Davao City is ideally positioned in the southeastern Philippines’ region. It has air and maritime connections to other countries as well as the rest of the world’s key destinations. The Philippine-Japanese Friendship Highway allows goods and people to be carried by land. Also, home to five top universities.
Competitiveness
Davao is undoubtedly one of the best examples of a progressive city in the country. Most people call it Mindanao’s regional center for finance, trade, business, and education. For years, the country’s third-most populous city has enjoyed a flourishing real estate market, fueled by land developers, property speculators, and infrastructural developments (Suralta, 2021).
Rates of public utilities, real estate, commercial space leases, accommodations, labor, raw materials, and other business needs are comparatively cheaper or accessed at low cost in Davao City than in other major Asian cities, according to Davao Hive Philippines, making the city attractive to enterprises.
Davao City, compared to other cities in the region, provides superior products, services, and personnel.
Davao also has lower rental rates for labor, utilities, and raw supplies. This is one of the reasons why, in recent years, the city has become one of the most attractive destinations for investors trying to optimize their returns.
Government
The Davao City Government is enthusiastic about development projects. In response to the new millennium’s problems, infrastructure modernizations such as international standard airports, highways, bridges, and seaports are being undertaken.
The core principles of sustainable development guide the city’s goals, thrusts, and activities. Moreover, the city provides a variety of services to meet the requirements of its residents. From business to professional opportunities, the City Government of Davao urges Dabawenos to enquire about the services available in the city by contacting the various departments.
The Davao City Investment Promotion Center was set up by the local government to provide investment counseling, assist in the processing of business permits, and other services that make it easier for business investments to come into Davao City.
Tourism
As one of the most famous cities in the Philippines, tourism in Davao City doesn’t fall behind – from majestic views and historical wonders to fun activities. When you get a chance to go to Davao, you can’t miss going to the following places: Hagimit Falls, Mt. Puting Bato, Monfort Bat Cave, and Davao Crocodile Park.
Where Can You Invest?
Business and Investments
There are plenty of areas for you to invest in in Davao City. You just need to find a business matching what you want – food and beverage, fashion, tourism, agriculture, etc.
Real estate
A great investment in Davao City is in real estate. Davao City offers a safe alternative to Metro Manila in many of its areas. It blends many of the best traits of the country’s top cities with a laid-back, provincial lifestyle.
It’s no surprise that investors, developers, and homebuyers are taking notice of the city’s cheaper cost of living and outstanding local structure.
Tips in Real Estate Investment in the Philippines
The strategic location of the Davao Region and the proliferation of raw materials makes it an ideal investment destination. Time is crucial in investment. You can always declare and register your interest, which does not bind you to anything but grants you priority access. You may have already began to consider living and investing in Davao City by purchasing a property for investment or personal usage.
For first-time homebuyers, here are some tips you can apply in your real estate investment process.
- Choose the Right Market
When choosing which industry you should invest in, research is vital. You can choose from many options, so it is important for you to look into these different markets and see which is the best option for you. Here’s what you need to look out for: its location and accessibility to the city center, the security of the neighborhood, the people in the neighborhood, etc.
- Manage your Budget
Before you invest in a real estate property, you should make sure that you are financially stable. Aside from the property and taxes, there are many other additional expenses to consider in your budget like repairs, maintenance, renovation, and insurance. Be prepared financially for all of these and other unexpected expenses that might come your way.
- Know the Risks
Investments come with risks. You should be mindful of the risks before investing in real estate. As was said in the first tip, it is vital to research. Before investing, you have to know how the real estate market works – the market conditions are pretty unpredictable, so you should always be updated.
Another thing you should look out for is the location of the community. Is it near important establishments like hospitals and schools? These are things that you should consider to avoid inconvenience once you move in to your new place.
Before making a decision, consider the area and the type of investment you want to make. Meanwhile, if you’re merely buying for investment purposes, consider your target market and ideal customer.
Camella Davao in Davao City
Because of Davao’s flourishing economy, there are numerous strategies to maximize your income when it comes to real estate.
Camella is the best place to live within the Davao region. You will not only experience the good life Davao offers but also live out your best comfortable home with your family. Do you ever dream of living in a beautiful and desirable community?
Camella Davao in Buhangin and Camella Toril are master-planned communities with guarded living areas and convenient access to the Francisco Bangoy International Airport. Its strategic location also makes it a good choice for investment. With the economic growth rate of Davao, there is a continuous increase in the value of its city, especially in real estate.
Visit www.camella.com.ph for more further details.
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