Connect with us

Hi, what are you looking for?

Economy

‘Vertical village’ to rise in Davao

DAVAO CITY — Vista Land and Lifescapes, Inc. (VLL) is launching its first project here under the Camella Manors brand, which are condominiums within the real estate developers’ mixed-use communities.

“All the vertical developments outside Metro Manila will be under the new brand Camella Manors… What we’ve realized over the past years and even based on surveys in the industry, Camella remains to be the most preferred brand when it comes to housing and house and lot,” Marlon B. Escalicas, operations head of Camella Manors, said in a virtual interview in late December.

The Manors are positioned as “vertical villages,” he said, as these combine the conveniences of condominium living within a community in a prime location with commercial establishments, public transport access, and medical facilities, among others.

The first in Davao City will be tagged as Camella Manors – The Frontera, located in the Buhangin area. 

“This is our opening salvo for (2021) … and this time around we want more unit owners to be able to own a piece of Frontera so we are offering studios priced at P2.8 million,” Mr. Escalicas said.

The company is targeting the “investment market,” or those who buy a property as an earning asset through rentals or simply for its increasing value over time.

“Right now, what we have noticed because of the instability of a lot of investments due to the pandemic, real estate remains to be a very less risky and stable investment because the valuation of property has not gone down. It is even increasing in value,” he said.

VLL has several existing condominium complex and residential subdivision projects in the city.

“As a brand, we are very solid and very strong and we wanted to capitalize on the brand offering a new product line for Camella, which is now the vertical. Ever since Camella has been known for house and lot but right now, Camella becomes a complete line of horizontal and vertical projects,” Mr. Escalicas said. — Maya M. Padillo

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

By Kyle Aristophere T. Atienza, Reporter THE PHILIPPINES under President Ferdinand R. Marcos, Jr. would probably keep close economic ties with China despite a...

Economy

THE PHILIPPINE Justice department has invited a forensic expert from the United Nations (UN) to improve local capacity in investigating extrajudicial killings in connection...

Economy

A CIVIC group on Sunday asked the Bureau of Internal Revenue (BIR) to be fair in its clampdown against tax evaders, citing the tax...

Economy

THE PHILIPPINE legislature, with majority of both chambers allied with the Marcos administration, should exercise its authority as an independent body in keeping watch...

Economy

SENATOR Sherwin T. Gatchalian has filed a resolution to look into the implementation of a law that protects students from bullying and other forms...

Economy

THE HOUSE Speaker on Sunday directed the agriculture and food committee to conduct a probe and possibly recommend the filing of charges against alleged...

You May Also Like

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.