In anticipation of the expected resurgence of Philippine real estate, Mindanao’s emerging P33 billion iconic business district Davao Global Township (DGT) unveils the development’s mixed use first phase highlighted in its newly launched website.
Project owner YHEST Realty and Development Corporation explained that Phase 1 consists of world-class residential towers, an office building destined to be one of the city’s most prestigious corporate addresses, an expansive DGT City Center composed of retail areas ready to address the new normal, and a cultural center.
YHEST is a joint venture of leading developer in VisMin Cebu Landmasters Inc. (CLI) and the Villa-Abrille family of Davao organized to transform a 22-hectare property into Mindanao’s iconic premier district.
CLI president and chief executive officer Jose Soberano III discloses that residential demand in the 15 key cities of VisMin where CLI operates has remained strong. He foresees that local residents of Davao, who since the pandemic have begun prioritizing owning a home, and Overseas Filipino Workers will quickly take up DGT’s residential units.
Davao Global Township is meticulously designed to adapt to the new normal, where everything you need is situated in one iconic Township. Its newly launched website will provide essential information of the project’s Phase 1.
YHEST president Fred Yuson also observed: “Business confidence appears to be returning particularly in Davao where lockdown measures were less stringent. This is likely to push the growth of innovative projects like the Davao Global Township, which introduces Davaoenos to fresh lifestyle, retail and corporate concepts.”
The website showcases how DGT was master planned and designed to have a mix of indoor and open air features to adapt to the new normal. It has wide open spaces and lush landscapes that will allow everyone to stroll freely and shop without worry.
It also showcases DGT City Center’s architecture highlighted by tree-like columns that support a waved roof that houses the retail and dining spaces. It will also describe the residential spaces with world-class amenities, a corporate tower easily accessible to the airport and other business hubs, and a cultural center inspired by the Waling Waling orchid, which represents the city of Davao.
DGT’s history as a former golf course owned by one of Davao’s most prestigious families and its planned evolution into a central business district to match other global centers will be captured in the website as well. Construction updates will also be provided on a monthly basis on the making of this township.
This article originally appeared in Business News Asia.
