Manila real property developer launches 8 Spatial in Davao City

Real estate project still is the top driver in Davao City’s investments. Another medium rise building  (MRB) by Filinvest Land Inc. has been launched here with target market the middle income earners.  Here’s my story …

DAVAO CITY, Sept. 23 (PNA) — Some P2 billion investment for the new development here, the Filinvest Land Inc. (FLI) is building six medium rise buildings in a 3.8 hectare prime property along Julian Rodriguez, Sr. Avenue or known to many as the Maa Road.

The project was formally launched during the contract signing on Monday at Marco Polo Davao between FLI headed by the executive vice president and vice chairman Andrew Gotianum, Jr and the CVA & Sons represented by Atty. Antonio VA. Llamas and Maria Loreto VA Abella Lopez.



According to Tristan las Marias, FLI first vice president for Visayas and Mindanao, once this is fully developed total investment is pegged at P4 billion. This project he said is apart from the already 13 ongoing MRB projects around the country.

Las Marias said the 8 Spatial offers the best of its design at an affordable price.

However, he said they are offering this to the middle income group, to young professionals and also to couples whose combined income is pegged within the bracket of P30,000 to P40,000 monthly.

“The monthly amortization of P6,000 is an easy package that we offer to a buyer,” he said.

Las Marias also emphasized that they offer a product with more spaces as they do away with beams and columns plus the inclusion of green design making use of natural light and ventilation.

The project covers a 3.8 hectare property where it is FLI’s third joint venture with CVA & Sons, the family corporation of the prominent Carlos Villa Abrille clan of Davao City.

The two other projects are Fuente de Villa-Abrille along Tulip Drive in Matina and Le Jardin de Villa-Abrille, along Julian Rodriguez Sr. Avenue and facing 8 Spatial.

He said because it is located within a developing commercial area they will develop the first level of the 6-storey building for commercial area where businesses like coffee shops, laundry services and others may locate as this will also benefit the residents.

Geraldine de Gorostiza, area development manager said 8 Spatial features 8 buildings with 6 floors each where the units are larger and are designed for functionally and efficiency. It will feature spaces with buildings’ footprint occupying only 30 percent of the total land area giving residents spacious sanctuary amidst the urban sprawl.

She said it is within walking distance to NCCC Mall, S&R Membership Shopping and other commercial establishments.

It is also very near educational institutions like University of Mindanao Matina Campus, Ateneo de Davao University Matina Campus and the Philippine Women’s College of Davao.

Meanwhile, Las Marias believes that with their target market for 8 Spatial, the buyers are end-users as they also target those families from neighboring cities and provinces who would want to send their children to the prestigious schools of Davao City.

He also said that the recent construction methodology they adopt are also based on the study they conducted even as he said that this design is in response to what the buyers consider in acquiring a unit with more spaces and also its accessibility to transportation and major establishments, schools and others.

He also said that aside from developing residential subdivisions, they develop MRBs where they offer a much better living environment due to its low-density and wide open spaces.Image

The MRB he said is the best alternative for the urban Filipino family. (PNA)
hbc/ASA/PrixDigna D. Banzon/ldp


Puregold opens three stores in three Davao key areas

The more the merrier so they say … you name it we have them here … not only that  … more will be opened  … and many says it’s a welcome development …  the economy is growing … and they said they believe in the vibrant economy of the city …  I would say investors are welcome  here too …. sharing you this story ….


DAVAO CITY, Sept. 13 (PNA) –Puregold Price Club Inc. opens three st ores in the cities of Davao, Tagum in Davao del Norte and Digos in Davao del Sur in a span of four months this year.

In an interview with the company’s vice president for operations, Tonio delos Santos, during the opening of the Davao City store on Thursday, said it was the first venture in Mindanao even as he said the island has been a primary consideration.

The Davao City store is their 191st store. The other stores here are in Tagum City that opened last June while the Digos city store was opened in July.

He said in the fourth quarter of this year, Puregold stores will open in Butuan City and in Cagayan de Oro City making a total of five stores operating in Mindanao by the end of 2013.

He said, since they opened the first Puregold in 1998 in Shaw Boulevard, their Luzon branches to date already totaled to some 188 stores.

The company will open their first store in the Visayas on September 18 in Bacolod City in Negros Occidental, he said.

“Our concept is a of hypermarket shopping for the loyal customers to experience as we are pleased to offer Dabawenyos a one-stop shopping experience,” he said.

He said Dabawenyos can now avail of their consumer-based programs through the Tindahan ni Aling Puring (TNAP) where it provides not only quality products and services but also profitable business opportunities.

He said TNAP is designed specifically for small and medium scale entrepreneurs, which include sari-sari store owners, carinderia/canteen owners, caterers, and other kinds of resellers.

Although, he did not give details, he said more new stores will open in 2014 around the country including the island of Mindanao. (PNA) PDS/ASA/PRIX DIGNA D. BANZON/LDP

smaller cars are in …

In the Philippines, the car industry targets to sell 200,000 units this year after some 180,000 new cars were sold in 2012.  The figures signal positive growth as far as the business side is concern.  There could be other factors that you may think about with more cars or other transportation moving around.  But the good thing about Filipinos now is that they go for small cars as ….    


Small cars in to Filipino car buyers

DAVAO CITY, Sept. 5 (PNA) — Owning small cars have become a trend now among Filipino buyers, according to Felipe Carlos, vice president, Auto Loan Head of BPI Family Savings Bank.

In a press conference Thursday, Carlos said they noticed the trend among their auto loan borrowers lately saying that these type of cars are easy to amortize and very affordable.

Carlos was in Davao City for their auto-loan event showcasing their 2nd Online Auto Madness at Abreeza Mall Activity Center in Davao City from Sept 5 to 8, 2013.

He said interested applicants may go to to fill up and submit applications.

Accessing on line will run from Sept 5 to 27.

The promo he said features special low loan rates, free insurance with acts of nature coverage, and the convenience of shopping for a car online 24/7 with the use of a very comprehensive digital Car Buyers Guide.

Carlos said there is positive growth of the car industry in the South saving that the growth of the car industry is of upward direction.

He said industry figure showed about 180,000 units were sold last year and this year’s target is placed at 200,000.

Meanwhile, he said BPI’s outstanding account for car loans accounted to P35 billion with the National Capital Region cornering the biggest share of the pie.

Mindanao share would be a small portion of about 10 percent but we see a positive growth here.

Carlos also said that of those who availed of their auto loans, 95 per cent of them completed amortizing the unit for five years with only five percent on default.

He also said that they are banking on young professionals whose salary ranges from P30,000 and up and this sector prefers cars within the P400,000 to P500,000 price ceiling.

BPI partners with top six companies for their auto madness promo here, namely, Toyota, Mitsubishi, Hyundai, Honda, Isuzu and Ford. (PNA)
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Coconut …

Known as the tree of life … Davao corners the biggest area planted to coconut. Coconut is a tree where all it parts can be of use … from the trunk, the leaves and more especially the fruit.  And lately, foreign personalities go crazy about “buko” juice and based on personal experience taking this juice makes me more active.  In an article published by Digital Running Club on coco water it said it could replenish electrolyte in the body after a though workout as it contains all five essential electrolytes, namely, potassium, magnesium, phosphorous, sodium, and calcium.  A lot can be done about coconut and this Davao businessman explored into producing coco syrup which became popular in other foreign markets … here’s my story …


Davao businessman finds new foreign markets for coco syrup

DAVAO CITY, Aug. 17 (PNA) — A Davao businessman has found new foreign markets for coco syrup in Germany and Australia.

Benjamin Lao, president of Lao Integrated Farms Inc. (LIFI), said their company as one of the major players in the coconut industry in the Davao Region, had initially exported some 1,200 liters of coco syrup to Germany and another 900 liters to Australia in July this year.

“That volume is just our initial export since we just began last month. There’s a growing demand for coco syrup in the global market,” Lao said.

He also said local coconut producers in the region will find another boost in terms of income since negotiation is ongoing between them and the new global markets to allow the entry of coconut products, including coco sugar, syrup and seasoning in Japan and Canada.

Lao said 80 percent of the total production of their coco syrup is exported to global markets while only 20 percent distributed locally.

He said the United States and European countries remain as LIFI’s top international markets.

Lao said they have been exporting to these international markets since 2009 of about 8,000 liters of coco syrup and about a ton of coco sugar a month.

Lao said his firm produces 350 kilograms of coco sugar and 600 liters of coco syrup a day. These products, derived from the coco sap.

He also assured local coconut producers that exporting coco syrup will not wipe out the copra business in the country.

“The production of these products will not affect the copra, since the coconut sap comprises only 2 to 10 percent of the coconut tree,” Lao said.

In order to increase production of coco sap, he recommended planting two dwarf varieties of coconut — the Mawa and Aromatic — that can produce an average of four litres day. (PNA) Prix Digna D. Banzon/ldp/utb

Housing developers urge gov’t to consider socialized housing proposals

The private sector partners with government to find solution to the basic concerns of everyone … by owning a house at affordable price …  and by sustaining inventory of affordable housing units be it in urban or in the provinces must be done.  Check this story concerning socialized housing projects ….

DAVAO CITY, July 16 (PNA) — The Organization of Socialized Housing Developers of the Philippines raised proposals to the government and expect favorable if not arrive at doable terms to support the development of socialized housing projects in the country.

OSHDP President Atty. Ryan Tan said at the Davao Business Forum held at DermPath at SM City here on Tuesday that there are several concerns they want government to resolve on their concerns so that more projects will be undertaken.


The housing backlog of the country continue to rise but OSHDP according to Tan said they had been collaborating with the government on this concern.

He admitted however that there are four major concerns that had been affecting their industry namely on Permitting, Financing, Regulatory and Production.

Permitting, Tan said is affecting them heavily because it would take them 2 and a half years to complete documentation.

He said there are areas in the process that could be refined so that the process will be shortened without compromising compliance of requirements.

On the financing aspect he said there are possible areas that has to be looked into and come up with clearer direction so that funding are dedicated to building the required housing needs of the country.

As to the regulatory aspect imposed by government on subdivision and housing construction, this must be strengthened and followed but there are areas that need to be addressed.

Productivity on the other hand must be an area that must be sustained even as Tan said that there are best practices that has to be shared to everyone involved in the business.

Meanwhile, Tan said they had submitted a proposal to the government on the pricing aspect must be attainable.

With the “in-city” project proposed by government Tan said “let us not weaken the product just to make it affordable”.

Under BP 220, he said under this scheme it provided for an 18 sq. meter area.

Given this he said the proposal is a 5-storey building without elevator priced at P22,000 per sq. m.

The proposal is now under review by the National Economic and Development Authority and the Housing Urban Development Coordinating Council.

This he said will speed up construction of more socialized housing and walk-up condominium of this level could be developed in urban centers.

Tan said the industry is booming and demand for housing is high in areas where business is growing especially with the presence of manufacturing and BPOs.

“We just would like government to clearly define the level of packaging for housing projects because a slight change in the figure will matter on what bracket the borrower would fall hence amortization is no longer affordable,” he said.

He said they will come up with results on the initial steps they presented to the government and more of these concerns will be discussed during the OSDHP National Convention that will be held in August this year in Davao City.

Tan said the concerns they will be raised will be accompanied with corresponding resolutions that they will submit to Vice President and Chair of the Housing and Urban Development Coordinating Council. (PNA)

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Davao Chamber, SM intensifies campaign on eWaste recycling and proper disposal

Recycling and proper disposal of waste materials from electronic devices to include computers, laptops and cellphones is the focus of massive advocacy campaign by SM City Davao and he Davao City Chamber of Commerce and Industry, Inc.

SM City has set a Waste Market Day (WMD) every first Saturday of each month and this December it will be on December 5 where accredited buyers of waste materials will set up a buying booth at the mall’s parking lot to receive the items from the public.  This has already been institutionalize and Dabawenyos bring to the WMD their recyclable items. Continue reading

Davao Chamber, IBM Philippines forge agreement to set up tech center

The Davao City Chamber of Commerce and Industry, Inc. (DCCCII) has forged an agreement with IBM Philippines for the establishment of a technology center that can used for free by small and medium enterprises (SMEs) and other industries to improve their business operations.

DCCCII consultant for the Information and Communication Technology (ICT) committee Andrei Fournier said the technology center will be set up at the DCCCII office along J.P. Laurel where IBM Philippines is donating software worth P1.4 million, while ICT Davao will also be donating three desktop personal computers.

The center could also be used by those who want to develop programs for SMEs for free as most of the basic problem of SMEs is the non-availability of software application and with the center they could develop the appropriate software for their business.

With IBM Philippines starting to move outside of Metro Manila, it has expanded to Davao City lately and their involvement in the project is a welcome development. The technology center will also be launched on November 26.