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Developers: Parking spaces in city condos are not free
Nograles questions sale of low-cost houses
Trade, industry convergence held

TigerDirect




Wednesday, May 14, 2008
Developers: Parking spaces in city condos are not free

WITH the rising costs of real estate properties in the city's urban center, parking spaces in the city's condominiums come with a fee.

A regular parking space in two of the city's condominium properties come at a hefty price ranging from P200,000 to as much as P350,000 per slot.

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In an interview with Sun.Star Davao, the executives of Filinvest Land Inc., and of DMC Urban Property Developer said the parking spaces in their condominium properties are for sale.

"The parking space is also for sale at P200,000," Engineer Leonora Gutierrez, area head for Mindanao of DMC Urban Property Developer, said.

DMC Urban Property Developer recently turned over the new condominium units of its Ecoland 4,000 Residences to its owners.

As for Filinvest Land Inc., Tristan Las Marias, vice president for the Visayas and Mindanao, said that the price of the parking space at their One Oasis Davao property will start at P300,000 and can reach as high as P350,000, depending on the location.

"It's on a first come first serve basis," Las Marias added.

This early, both Filinvest and DMC Urban Property Developer are already eyeing their next medium rise property developments.

The Magallanes Residences will be a medium rise property to be developed by the DMC Urban Property Developer in the downtown area of Davao City while Filinvest Land Inc., is eyeing the development of another medium rise property on a three-hectare lot beside NCCC Mall in Ma-a Davao City. (CPM)

For more Philippine news, visit Sun.Star Cebu.

For Bisaya stories from Davao. Click here.

(May 14, 2008 issue)
Write letter to the editor. Click here.




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