• Davao Global Township is formally inaugurated


      Davao Global Township is formally inaugurated, completes site development in just two years


      After only two years of site development, YHEST Realty Development Corp., a joint venture between Cebu Landmasters Inc. (CLI) and the Yuson, Huang, and Tan families of the prominent Villa-Abrille clan of Davao, officially inaugurated the 23-hectare Davao Global Township (DGT). They envisioned this township to be Mindanao’s most sustainable central business district.

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      After only two years of site development, the Davao Global Township was inaugurated. Its marker was 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.

      Davao City mayor Sebastian “Baste” Duterte, represented by city councilors Sweet Advicula and Bonz Militar, and vice-mayor Melchor Quitain, Jr., graced the momentous event 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.

      “Davao Global Township, which we are now inaugurating after only two years of site development, is expected to catalyze further economic growth for Davao and its neighboring municipalities by offering a business destination at par with the best in Asia. That will host the country’s top corporations, office hubs of BPOs and multinationals,” highlighted CLI chairman and CEO Jose Soberano III.

      YHEST president Fred Yuson explained: “We have laid the groundwork for DGT by building a world-class shopping destination and a six-tower residential complex. Market reception to both have proven that Davao is more than ready for a project as ambitious and visionary as DGT.”

      THE SELLING OF PREMIER COMMERCIAL LOTS KICK STARTED
      Sale of premier commercial lots to business groups seeking to maximize opportunities offered by the region’s growing economy also kick-started. YHEST put an initial 27 township commercial lots on the market with a total area of 47,194 sqm. Lot sizes range from 1,054 sqm to 3,446 sqm.
      INVESTING IN DAVAO

      Davao ranked fourth among the country’s highly urbanized cities in the 2021 Cities and Municipalities Competitive Index released by the National Competitiveness Council and the Department of Trade and Industry, based on economic dynamism and government efficiency, infrastructure, and resiliency. Davao earned the highest ranking of any city outside the national capital region and has remained on the Top Five list since 2015.

      Davao also received special recognition as the Most Peaceful and Safest City in Southeast Asia by the Philippine Chamber of Commerce and Industry. The city’s crime index dropped from 13 in 2016 to 1.9 in 2021, as reported by then Mayor Inday Sara Duterte in a valedictory and state of the city address.


      DGT PHASE 1
      Davao Global Township Phase 1 includes the township’s first residential development, The East Village at DGT, a commercial area and lifestyle mall DGT City Center (opening early 2024), and DGT Cultural Center (opening 2024).

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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.

      Three of the six-tower The East Village at DGT with 1,087 units sold out in less than a week in Q1 2022. This prompted the opening of the fourth tower last June. To date, all four towers with 1,334 units are already 90% sold at a sales value of P5.25 billion in a three-month selling period.

      To service residents’ needs and draw traffic to the area, work on a P700 million lifestyle mall DGT City Center with retail, restaurant, and entertainment choices is also progressing smoothly.

      The P200 million DGT Cultural Center will complement both projects with showrooms, museum space, a theater, and a function room for up to 250.

      BEST TOWNSHIP IN ASIA
      The meticulously masterplanned DGT was recently awarded as the best township in Asia by the prestigious PropertyGuru Asia Property Awards 2021. It has also captured the interest of other landowners in Visayas and Mindanao seeking to prime economic activity in their areas through partnerships with CLI.

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      After only two years of site development, the Davao Global Township was officially inaugurated on July 23. As a result, the utilities and road networks of the former Davao Golf Club in Davao’s populous Matina district are almost 100% completed. The image above shows an aerial photo taken during the momentous event.

      DGT is a sustainable township that embodies a green feel with the presence of native trees, a dedicated one-hectare central park for the people of Davao City, and several pocket parks. Furthermore, the township has earth-saving features and is equipped with flood mitigation technology and sustainable solid waste management. In addition, it has smart community features like open spaces, wide bike lanes, sidewalks, and a full underground cabling distribution system, to name a few.

      CLI’S LARGE-SCALE DEVELOPMENTS
      Meanwhile, work on other CLI townships designed to offer future-ready work and lifestyle options is progressing efficiently. For example, the reclamation of the 100-hectare Minglanilla Techno Business Park in Minglanilla, Cebu, has begun. It is envisioned as another economic hub in the Central Visayas starting in 2025.

      CLI will soon unveil the 14-hectare mixed-use Manresa Town in Cagayan de Oro, which will offer commercial and residential options amidst open spaces to students of the new Xavier University Masterson Campus, dubbed as “Campus of the Future,” adjacent to the township. Negotiations are also underway for estate projects in Cebu and Bacolod.

      CLI large-scale estate developments are projected to boost economic growth and upgrade the overall quality of life of VisMin residents.
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