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.
The MRB he said is the best alternative for the urban Filipino family. (PNA)
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