Infra projects unlock Davao potential
With Mindanao currently at the front and center of the government’s aggressive infrastructure buildup, a sustained economic growth can be observed in the Davao Region, specifically in Davao City.
Government data showed that in 2017, Davao Region’s gross domestic product (GDP) grew 10.9 percent from 9.5 percent the previous year and was reportedly the second fastest among the country’s regions that year, following Cordillera Administrative Region’s 12.1 percent GDP growth. Davao Region as a whole has a total land area of 19,671.83 sq km, equivalent to 6.6 percent of the Philippines’ land area and 16.3 percent of the total land area of Mindanao.
The region is expected to perform stronger in the coming years in anticipation of several big-ticket projects to be either rolled out or completed within the Davao Region through the administration’s “Build, Build, Build” program, as disclosed by Finance Secretary Carlos Dominguez last year.
Dominguez was quoted as saying that the spate of infrastructure investments in the Davao Region will catalyze its growth potential and transform Davao City into a center for manufacturing and agro-industry in the South. Among the road infrastructure projects already benefiting the people of Davao include the Miranda Bridge II at Daang Maharlika in Davao del Norte, which now serves as the main access of motorists from Davao City going to other parts of the Davao Region and the Davao River Bridge.
Other infrastructure projects in the Davao Region include the first phase of the Mindanao Railway Project, consisting of the Tagum-Davao-Digos segment that will be 102 kilometers long with a design speed of 160 kilometers per hour; the upgrading of the general cargo berth and construction of the back-up area of Davao Sasa Port; Davao Expressway Project, which involves the construction of an approximately 60-km expressway from Bukidnon-Davao National Highway in Davao City to Digos-Sultan Kudarat Road, traversing the towns of Toril and Santa Cruz; the Asbang Small Reservoir Irrigation Project, which involves the construction of a reservoir dam and irrigation systems in Matanao, Davao del Sur; the Davao City Bypass Road, which is a 44.6-kilometer road with a 2.28-kilometer tunnel that will reduce travel time from Panabo City to Davao City to only 49 minutes from the current one hour and 44 minutes; and the Davao-Samal Bridge, which will link the city with the Island Garden City of Samal.
Remarkable progress
Davao City, in itself has made remarkable progress throughout the years. But with more opportunities and projects in the region, the City is poised to experience unprecedented growth.
The National Competitiveness Council even ranked Davao City as the fourth “most competitive city” in the country in 2018 and attracted around 2.4 million tourists that same year.
Considered a melting pot of various cultures and peoples, the city has a population of 1.63 million as of August 2015, and is considered the largest in terms of land area in the country with 2,444 sq. km.
Over the years, the city has been tagged an attractive business and investment hub of Mindanao. Population growth, including continued local migration, keeps the Davao City real estate sector robust. The city’s vast land area makes it conducive for the establishment of industrial estates, new growth centers, seaports, and economic zones. Property development is one of the 10 preferred business investment areas of Davao City.
Some of the current big-ticket infrastructure projects of the city that promise to boost its economic prospects include the P40.57-billion Davao International Airport Development Project (2012- 2022), P18.7-billion Davao Sasa Port Modernization Project, the P3.25-billion Davao Public Transport Modernization Project, P396.3-million rehabilitation of road networks in Davao City in 2019, and the P61.9-million waste-to-energy facilities.
It thus comes as no surprise that companies and industries are eyeing to be part of this expected economic boom, with many of them starting to solidify their presence in the city. Among the more active industries here would be real estate, many of whom are tapping the rising demand for quality housing.
One of these active property developers is Anchor Land Holdings, which is bringing to Davao City a two tower residential condominium project that promises “business forward prospects and future ready living spaces catering to the underserved market in the south metropolis.”
Located along C.M. Recto St. in the Poblacion District of Davao City, 202 Peaklane has been carefully designed to suit the anticipated needs of the rapidly evolving market in Davao City—from the students, expatriates, tourists, businessmen to real estate investors.
Its strategic location, for one, affords its future residents utmost ease and convenience of being near the city’s primary establishments, landmarks, key institutions including the Ateneo de Davao, as well as many famous tourist destinations. Apart from this, the 202 Peaklane also offers a smart and sustainable architectural design, as well as a host of top-notch amenities suitable for the modern city lifestyle.
So if you’re looking to settle down here or at least set up a vacation home within the bustling City of Davao, you might want to consider 202 Peaklane which will surely allow you to be at the peak of this bustling regional hub while remaining close to many exciting travel destinations as well.
Sources: Inquirer Archives, Davao City website, PIA, PNA
