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Davao City: The Showcase of Mindanao
Davao City is famed for its progressive economy, driven by an administration that has made great strides in enforcing peace and order. It is also considered the economic powerhouse of Mindanao and is home to various industries such as tourism, BPO, manufacturing, and logistics. Nature lovers also love Davao City because it has preserved much of the area's natural environment, including Mount Apo and the Davao Gulf, which attracts thousands of visitors annually.
From Backwater to Economic Boom
Unlike other major cities in the Philippines, Davao City's history is fairly brief. It was not explored much during Spanish rule, and development started in earnest with the establishment of large banana and pineapple plantations in the American colonial period. To meet the demand for labor, the plantations imported workers from all over the country. As a result, Davao City is a salad bowl of different cultures and languages.
Davao City has developed rapidly in the past twenty years, thanks to an efficient bureaucracy and infrastructure. The largest Philippine companies have established regional offices here, as have many government agencies. As a result, Davao's economy has grown at a constant rate, shifting from agriculture to one dominated by light and heavy industry and services.
It is no wonder that Davao City has been named the country's best managed city a number of times. Residents and tourists alike marvel at the cleanliness and discipline of Davao's people and the speed with which government services are dispensed. Many people choose to settle down in Davao City, not only because of its natural beauty, but also to take advantage of its people-driven growth.
Buying a Condo in Davao City
Most condominiums in Davao City, such as Abreeza Place, The Aeon Towers, and Linmarr Towers, stand near known commercial centers such as SM City Lanang Premier and J.P. Rizal Avenue. Surprisingly, you can buy a new condo unit close to the city proper for as low as P1.9 million and a condo near an Ayala shopping mall for P9.5 million. These make excellent investment opportunities as tenants are constantly on the lookout for a place to stay in close to work and shopping centers.
