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Developer: Business in Davao remains good


Tuesday, April 28, 2009 [ sunstar.com.ph ]

REAL estate giant Filinvest reported Saturday that business in Davao City and the rest of Southern Mindanao remains "good" amid financial crisis affecting economies worldwide.

"Our company remains firm, steadfast in these trying times," said Tristan Las Marias, Filinvest vice president for Visayas and Mindanao.

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Citing their latest development project in Davao City, the medium rise condominium complex at Ecoland subdivision called One Oasis. Las Marias said it has been surprisingly experiencing brisk sales performance.

"Southern Mindanao is not yet affected by the crisis," he categorically said. "There is a steady market growth and business has been good."

For most of its projects in the region, Las Marias said that their expectations were not only met, but were even surpassed. Some of the projects of Filinvest include the high-end luxury resort development Kembali Coast in the Island Garden City of Samal.

"The phase 1 of Kembali is already sold out, we are now in phase 2," Las Marias said.

Moreover, Las Marias said they have at least two more projects in the drawing board for Davao City which they hope to start within the year.

"We look for opportunities while others step on the brakes," Las Marias said. (CPM)

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