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Tuesday, June 17, 2014

Feasibility study up for LRT project in Davao City

by Manila Bulletin

DAVAO CITY,Philippines
 — If everything pans out between the LGU here and a Korean construction firm, then Davao City will have its own light rail transit or LRT.

A Memorandum of Agreement (MOA) signed the other day between Mayor Rodrigo Duterte and the officers of the Korea Engineering and Construction (KEC) headed by Professor Chae Il Kwon, Chief Researcher of the Transportation Study Group of Seoul National University, indicated the commencement of a feasibility study for the construction of the Davao Light Rail Transit (LRT) project.

Davao LRT Agreement - Davao City Mayor Rodrigo Duterte (seated, right) prepares to sign last Monday the memorandum of agreement (MOA) with Korean Engineering and Construction (KEC).

The study will be launched in September of this year.
Duterte pointed out that aside from the total cost, the study will focus on how to “lessen the pollution and gas emission and if the project could be of use to the community” in Davao City.

In their presentation, KEC said the forecasted increase in traffic activities in Davao City will result in traffic congestion, with the transportation activities — particularly disembarking and embarking of passengers — having a constant growth rate of 2.88 percent from 2007 to 2011.

In 2011, KEC said about 25,384,389 disembarking and 24,430,906 embarking were recorded for the year, totalling 49,815,295 passengers.

With the 2.88 percent growth rate per year, KEC said Davao City will need a transportation system that is efficient, environment-friendly and one that can accommodate the increasing number of passengers.

The Korean firm added that it will consider the 2013-2020 Zoning Ordinance of the city in their conduct of the feasibility study.

Two LRT routes were presented by KEC, specifically from the Davao Gulf ad Country Club to the Francisco Bangoy International Airport. Both routes will pass through different proposed stations, with the first one having a length of 13 kilometers while the second being 17 kilometers.

On his end, Duterte said he will be sending engineers from the city government and the private sector to Korea to study their LRT systems and to familiarize on the construction and operating procedures. The city constituents won’t be left out as well, adding that consultations with them will be conducted to get their sentiments on the project.

Signing of MOA for Davao LRT - Davao City Mayor Rodrigo Duterte togetjer with the City Councilors and the KEC Representative.

Wednesday, June 11, 2014

KISAN LU to invest P3B for 2 more dev’t projects in Davao City

by Sunstar Davao

DAVAO CITY —  Homegrown developer, Kisan Lu Lands, Inc. (KLLI), is investing at least P3 billion for two more housing development projects in Davao City as it remained bullish on the continuous growth of the housing sector in this part of the country.

At present, the company has four on-going projects scattered in the southern part of the city -- the Amiya, Twin Palms, Villa Conchita and Bambu Estate.

Kristin Lu, KLLI president and chief executive officer, said the company is set to break grounds for the two new projects -- the Plantacion and Greenwoods -- before the year ends.

"In fact, we are set to launch these projects as soon as we acquired all the necessary permits. We are now processing all these requirements," she told Sun.Star Davao during the formal opening of the company's first satellite office at the third level of SM City Davao on Saturday.

Lu said Greenwoods, which will rise in the newly-acquired 16-hectare property in Mintal, will have 650 units, a mixture of the company's Classic and Deluxe house-and-lot package.

For Plantacion, it will be the company's first residential project in the northern part of the city. Located in a 48-hectare property in Mandug in Buhangin District, this development project is looking at all segments of the market as it offers the company's three product brands -- the Classic, Deluxe and the Premier.

At least 2,000 housing units will be constructed under this project, which is a joint venture between Lisan Lu and another city-based developer Mallow Realty.

"We are pouring in an investment of P1 billion for Greenwoods and more than P2 billion for Plantacion," Lu said.

Andrew Bautista, KLLI sales director, assured both residential developments carry the same features as other Kisan Lu projects in the city.

“Both projects are gated and fenced, each equipped with multi-purpose center with swimming pool and ball courts, open spaces and pavements,” he said.

Bautista was also proud of the projects' affordability, adding that even those who are about to start a family can now afford to buy a house they can call their own.

“For only P2,900 monthly, you can own a Classic unit in these projects,” he said.

He added they have re-classified their branding to make it "more glamorous" and attractive to prospective clients.

"Instead of calling it 'low-cost', we now call our lower-end brand as Classic, and Deluxe and Premier for our mid-end and high-end brands, respectively," Bautista said.

Lu also assured that these new development projects, like all other Kisan Lu projects, will be transformed into a thriving community that each homeowner can be proud of.

"We put passion in all our projects. We have a team of architects to make sure the design and every detail of the project is strictly followed. We have our own contractor to ensure the quality of each structure," she said.

Meanwhile, to provide convenience to its growing clientele, Kisan Lu set up its first satellite office at SM City Davao. It is located beside the regional office of the Department of Foreign Affairs at the third level of the mall.

"Since most of our projects are in the south, we want to make it easier for our clients to do business with us. They don't have to go to our main office on San Pedro Street in the downtown area to inquire or pay their bills. This office will cater to all their needs," Bautista said.

"We want them to be more comfortable when doing transactions with us."

Thursday, May 29, 2014

1.2-B Davao Finance Center to rise in Davao Park District

Davao Finance Center (perspective view)

DAVAO CITY, Philippines
  Megaworld Corp of Philippine billionaire Andrew Tan is building an iconic office tower in its township development in Davao.

In a disclosure to the Philippine Stock Exchange, the holding firm for the real estate businesses of Alliance Global Group Inc said it is allocating P1.2 billion to develop the Davao Finance Center with construction of the project set to start early next year.

The 15-storey office tower will be located at the corner of Dakudao Avenue and Megaworld Avenue, the main artery of Davao Park District, its first township project in Mindanao. The building is targeted to be completed by 2016.
Megaworld's Chairman Andrew Tan and Pres. Benigno Aquino III 

Photo courtesy of Interaksyon

“The iconic Davao Finance Center will be the first to rise in Davao Park District because we envision it to be a landmark for business, trade and commerce, especially for the information technology and business process outsourcing (IT-BPO) in Mindanao. The Davao Finance Center will mirror Davao City’s booming economy,” said Megaworld senior vice president Jericho P. Go.

At least four IT-BPO firms, mostly first-time locators in Mindanao, are keen on setting up shop at the Davao Finance Center. The building is seen generating around 8,000 jobs.

“Davao City is on the right track to become Mindanao’s IT-BPO hub. There is an abundance of highly-skilled human resource, and the existence of centers of excellence ensures that there is enough supply for highly-skilled human resource to meet the demand,” Go said.

A standalone McDonald’s store will also rise in front of the Davao Finance Center next year. AGI owns Golden Arches Development Corp, the master franchiser of McDonald's in the Philippines.

Mindanao's center of trade, commerce and education, Davao City is home to over two million residents and several topnotch universities including the Ateneo de Davao University, University of the Philippines – Mindanao Campus, and the University of Mindanao.

Over the next five to seven years, Megaworld is pouring in P15 billion for the development of the 11-hectare Davao Park District. The mixed-use project will rise in the site of the former Lanang Golf and Country Club.

Envisioned to be the central business district of Davao, the township will have office towers, commercial and retail strips, open parks and lagoon, and themed-residential condominiums by Suntrust Properties Inc, a wholly-owned subsidiary of Megaworld.

Megaworld's earnings climbed by nearly half to P2.69 billion in the first quarter from P1.81 billion in 2013 on the strength of its property development and leasing businesses coupled with extraordinary gains.


source2: Interaksyon | Business