[Area Guide] Davao (Philippines)
Davao Basic Information
Davao is located in the southern part of Mindanao Island in the south of Philippines. It is the third biggest city after Metro Manila and Metro, and having international airports and harbours, Davao has developed as a centre of politics, economics and culture of southern Philippines. The Spanish colonial period was as late as 19th century. The city developed, as the Japanese manila hemp cultivation prospered. It is also a place where a lot of Japanese lives.
It is accessible from Manila by aeroplane, taking 1 hour 40 minutes, and 30 minutes from Cebu. The population of Davao City is about 1.45 million, and the area is as large as 2,400, it is a city with a size comparable to about 4 times the 23 wards of Tokyo and is one of the largest cities in the world.
Davao is a popular place for resort and overseas migration destinations and has been evaluated as 'the most livable city’ in the Philippines due to the city’s safety, as Davao received the “most child-friendly city” award from the government for the fifth time in 2016. Davao has been conducting policies to secure children’s rights and education. Also, the crime rate of Davao is low. According to a survey on "the safest city" by Numbeo.com in 2015, Davao has been ranked 7th out of 390 cities. Davao is famous not only for safety but also the cleanliness of the environment among the ASEAN countries. The sky is clear, and water is safe enough to drink from the faucet.
Agriculture which has been popular for a long time plays an important role in the industry in Davao. The famous products are a banana, pineapple, coffee, and coconut. This is why the city is called “the Philippine’s fruit basket.” in recent years, the government is working on the project called Silicon Gulf to attract IT enterprises by making use of advanced communication and power infrastructure.
Popular Property Investment Area
The properties around J.P.Laurel Avenue where "SM Lanang Premium", "Abreeza Mall", and "Gaisano Mall" are located, are excellent in terms of living convenience. There are luxury residential areas targeted at wealthy people as a part of a “subdivision development project.”
Subdivision refers to a collective residential area where security gates are installed in vast lands. What makes Davao’s real estate attractive is the subdivision investment that is to buy a promising undeveloped land as subdivision and sell it at a higher price. Davao’s property has a high growth potential because there are much room for development compared to Manila and Cebu.