Also PHINMA is building low-cost condos in Davao
Now it the news have spread to Manila, Davao that is a good place for real
estate. The well-known company PHINMA Realty Corp., which has so far raised many
low-cost condo houses in and around
Manila, now has a foothold in Davao.
In the area of Pampanga, this is between Sasa naval port and
airport, 9 condo houses will be built with the proprietary modular system with each
5 floors and with 90 Condos in a house with living space 30-32 sqm (incl. small
balcony). The first 2 houses to be ready for move in at April 2015. Around
2016, all the houses will be built and then Davao has approximately 1,000
condominiums more.
The prices for the apartments are said at about 1.32 million
pesos, which is much lower than from other companies. The equipment should be
simple: low cost. The house monthly allowance will be at approximately 1,120 pesos, or about 35 pesos
per square meter of living space. This is significantly low because other building companies charge between 60 -90
pesos.
The initiators of PHINMA also believe that Davao is on a
huge demand for housing, as it is in Manila at the moment. With a price of 44,000 pesos/ sqm the company is
located in an interesting low price
segment. Other construction companies
will ask around 70,000 pesos /sqm and
more - of course with another, better equipment and higher priced location.
The offer is interesting.
Best regards,
Ludwig from Davao
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