YHEST Realty Development Corp., a joint venture between Cebu Landmasters Inc. (CLI) and the Yuson, Huang, and Tan families of the famous Villa-Abrille clan of Davao, opened the 23-hectare Davao Global Township (DGT), envisioned as Mindanao's most sustainable central business area.
On July 23, the celebration was attended by Davao City mayor Sebastian "Baste" Duterte, represented by city councilors Sweet Advicula and Bonz Militar, and vice-mayor Melchor Quitain, Jr.
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| After only two years of site development the Davao Global Township was inaugurated and its marker unveiled last June 23 by the Davao City government, YHEST Board of Directors, and CLI top executives. L-R: Carolyn Yao, CLI SVP for HR & Marketing Joanna Marie Bergundthal, YHEST director and CLI COO Jose Franco Soberano, YHEST director and CLI EVP & treasurer Marose Soberano, Honeylet Avanceña, YHEST chairman and CLI Chairman & CEO Jose Soberano III, YHEST president Frederick Yuson, Davao City vice-mayor Jay Melchor Quitain, Jr., YHEST director Sarah Yuson, Rodrigo Duterte II representing Cong. Paolo Duterte, YHEST corporate secretary Jason Huang, Steve Huang representing YHEST director Susan Tan, and Jasper Huang. |
The utility and road networks of the former Davao Golf Club in Davao's densely populated Matina area are nearly finished.
"Davao Global Township, which we are now inaugurating after only two years of site development, is anticipated to further stimulate economic growth for Davao and its neighboring municipalities by providing a business destination on par with the best in Asia that will host the country's top corporations, office hubs of BPOs, and multinationals," noted CLI chairman and CEO Jose Soberano III.
Fred Yuson, president of YHEST, added, "We've established the foundation for DGT by constructing a world-class shopping center and a six-tower residential complex." Davao is more than prepared for a project of DGT's ambition and vision, as evidenced by the market's response to both projects.
SELLING OF PREMIER COMMERCIAL LOTS KICK STARTED
Additionally, the sale of prime commercial properties to business groups wanting to leverage prospects presented by the region's expanding economy commenced. YHEST initially offered for sale 27 township commercial lots with a total area of 47,194 square meters. Lots range in size from 1,054 to 3,446 square feet.
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| Phase 1 of Davao Global Township (DGT) is expected to be completed in 2026. It includes the township’s first residential development The East Village at DGT, a commercial area and lifestyle mall DGT City Center, and DGT Cultural Center. |
INVESTING IN DAVAO
The National Competitiveness Council and the Department of Trade and Industry have produced the 2021 Towns and Municipalities Competitive Index, which ranks highly urbanized cities based on economic vitality, government effectiveness, infrastructure, and resiliency. Davao achieved the best ranking of any city outside the national capital region and has been among the Top Five since 2015.
The Philippine Chamber of Commerce and Industry has acknowledged Davao as the most peaceful and secure city in Southeast Asia. In a valedictory and state-of-the-city address, then-mayor Inday Sara Duterte reported that the city's crime index reduced from 13 in 2016 to 1.9 in 2021.
DGT PHASE 1
Phase 1 of Davao Global Township consists of the township's first residential development, The East Village at DGT, a commercial district and lifestyle mall, DGT City Center (scheduled to open in early 2024), and DGT Cultural Center (opening 2024).
In the first quarter of 2022, three of the six towers of The East Village at DGT with 1,087 units sold out in less than a week. This led to the opening of the fourth tower in June of last year. All four towers with 1,334 units are 90 percent sold with a total sales value of P5.25 billion after three months on the market.
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| After only two years of site development the Davao Global Township was officially inaugurated on July 23. The utilities and road networks of the former Davao Golf Club in Davao’s populous Matina district are now almost 100% completed. The image above shows an aerial photo taken during the momentous event. |
DGT City Center, a P700 million lifestyle mall with retail, dining, and entertainment options, is also progressing smoothly in order to meet the needs of locals and increase foot traffic.
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| Phase 1 of Davao Global Township (DGT) is expected to be completed in 2026. It includes the township’s first residential development The East Village at DGT, a commercial area and lifestyle mall DGT City Center, and DGT Cultural Center. |
The P200 million DGT Cultural Center will complement both projects with exhibition space, museum space, a theater, and a function area for up to 250 people.
BEST TOWNSHIP IN ASIA
The perfectly masterplanned DGT was just recognized by the prestigious PropertyGuru Asia Property Awards 2021 as the greatest township in Asia. Other landowners in Visayas and Mindanao who wish to stimulate economic activity in their regions through collaborations with CLI have also shown interest.
DGT is a sustainable township characterized by the presence of native trees, a one-hectare central park for Davao City residents, and other pocket parks. The municipality is equipped with earth-friendly features, flood mitigation technologies, and sustainable solid waste management. Among its many intelligent community elements are open spaces, broad bike lanes and sidewalks, and an underground cabling distribution system.
CLI’S LARGE-SCALE DEVELOPMENTS
Meanwhile, efficient progress is being made on other CLI communities designed to provide future-ready employment and lifestyle opportunities. The 100-hectare Minglanilla Techno Business Park in Minglanilla, Cebu, has commenced reclamation. Beginning in 2025, it is expected to become another economic powerhouse in the Central Visayas.
CLI will also soon showcase the 14-hectare mixed-use Manresa Town in Cagayan de Oro, which will give commercial and residential options within open spaces to students of the neighboring future Xavier University Masterson Campus, nicknamed "Campus of the Future." Also in negotiation are real estate developments in Cebu and Bacolod.
Economic growth and an improved quality of life for VisMin residents are expected as a result of large-scale estate developments by CLI.
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