DAVAO | Magallanes Residences [8F|res]

^^Another condominium project is now launched in Davao City - Magallanes Residences! A tri-condominium complex which is consist of 3 condominium mrbs with 7 floors each. Located literally at the heart of Davao City, Magallanes Residences is a 5 minute walk away from Davao City Hall, Museo Dabawenyos, the San Pedro Cathedral, and other landmarks in downtown Davao.

Vol. XXI, No. 186
Wednesday, April 23, 2008 | MANILA, PHILIPPINES
The Nation
Downsouth
By Hernani De Leon

Davao Region’s property sector is having a mild boom, with high-price residences and low-rise structures erected in the city. Most of these projects were pre-sold and not affected by the United States economic slowdown and its global impact.

The biggest project expected to be completed this year is an upscale condominium complex next to SM City Davao in Ecoland district. The area is owned by the Consunji Group, which has roots through logging ventures and property development a long time ago and agribusiness in recent years.

A source privy to plans of the company said a blueprint for another project at the back of the Davao city hall is currently being drafted. The plan is for three multi-storey buildings, one at least 10 floors high, at its Bolton Extension property which used to be Durian Park under Sodaco, the Consunji’s agribusiness firm.

(is Hernani referring to the Magallanes Residences or is this a totally different project???? :dunno: )

The Floirendo Group has also partnered with Ayala Land, Inc. for a P3-billion commercial complex in the family’s Bajada property near the Victoria Plaza shopping complex. The Ayala Group is a returning investor since it sold all major landholdings in Davao three decades ago. Those properties eventually became highly successful banana plantations for other firms.

http://www.bworldonline.com/BW042308/content.php?id=079

Peng Hok said:

At anong masama kung dito aber??? Malay mo, dito nila ilalagay yung 21 storey condo nila! Uso pa naman yung mga highrise sa mga bukid. :banana:

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uy, dahan-dahan naman kayong magsalita, nasasaktan po ako... dahil ako po ay isang taga probinsya lamang :rofl:

seriously, parang yang nga ang trend lately, i.e. build highrises in the most inhospitable places on earth, anywaysssss bahala ng bukid basta lang may high-rise :lol:

tj_brewed said:

^^ know what guys...im starting to appreciate MRBs such as this - Magallanes Residences. Dito sa Metro Manila, major developers are into MRBs na rin. Take for example Serendra in BGC.

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I appreciate MRBs also! ganda kaya tingnan!

pero mas ma-appreciate pa nako if smooth ang road, no annoying electrical wires, oks na..

neyoneyo80 said:

Vol. XXI, No. 186
Wednesday, April 23, 2008 | MANILA, PHILIPPINES
The Nation
Downsouth
By Hernani De Leon

Davao Region’s property sector is having a mild boom, with high-price residences and low-rise structures erected in the city. Most of these projects were pre-sold and not affected by the United States economic slowdown and its global impact.

The biggest project expected to be completed this year is an upscale condominium complex next to SM City Davao in Ecoland district. The area is owned by the Consunji Group, which has roots through logging ventures and property development a long time ago and agribusiness in recent years.

A source privy to plans of the company said a blueprint for another project at the back of the Davao city hall is currently being drafted. The plan is for three multi-storey buildings, one at least 10 floors high, at its Bolton Extension property which used to be Durian Park under Sodaco, the Consunji’s agribusiness firm.

(is Hernani referring to the Magallanes Residences or is this a totally different project???? :dunno: )

The Floirendo Group has also partnered with Ayala Land, Inc. for a P3-billion commercial complex in the family’s Bajada property near the Victoria Plaza shopping complex. The Ayala Group is a returning investor since it sold all major landholdings in Davao three decades ago. Those properties eventually became highly successful banana plantations for other firms.

http://www.bworldonline.com/BW042308/content.php?id=079

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I thought Ayala made the NorMin capital city their first investment location in Mindanao. Now I know Davao has been their friendly host since 3 decades ago. :cheers:

asa man ang "magallanes residences" sa rendering? "magallanes lang nakikita ko :lol:

davaoeagle said:

I thought Ayala made the NorMin capital city their first investment location in Mindanao. Now I know Davao has been their friendly host since 3 decades ago. :cheers:

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at the end it's feasibility rather than speculation that counts po...they invest po where there is yield!!! :cheers: kumusta na po kayo sir eagle :wave: