Why Invest in The Paragon Davao
Real estate investing involves the buying and managing the property for profit from rental or sale of the property. The usage of due diligence is important to ensure investment protection. The Paragon Davao offers investors security of his/her investment because of the following:
1. Mixed-use Development
The Paragon Davao is a mixed-used development project of Cebu Landmasters in partnership with Davao Filandia Realty Corp. and Yuson Strategic Holdings Inc.
This P2.6B project will cover an area of 2 hectares with 4 components: the 26 floors The One Paragon Condominium, a 19-floor Citadines brand of the hotel with 263 rooms, a large convention centre and an 8000 sq.m. lifestyle mall.
The One Paragon Place a residential condominium will offer a total of 554 residential units across 26 floors, the range of units are from studio units sized from 22.4 square meters to three-bedroom types sized 90.3 sq.m. with a starting price of P100,000 per sq.m., a posh urban living but not too expensive for the common residents. One Paragon Place’s residents will have access to the pool, function room, gym, and meeting room.
Citadines Paragon Davao to be managed by The Ascott Ltd., a well-known international serviced owner-operator in Singapore will be the first in Davao City. The property is perfect for both business and leisure travellers a mix of contemporary home luxury and comfort of hotel services. In addition to having hotel rooms offered for a short-term stay, the 263-room Citadines Paragon Davao will also offer studio sized 24.6 sq. m, the one-bedroom will have an area up to 47.43 sq.m., and a wide range of amenities include a breakfast lounge, swimming pool, gymnasium, residents’ lounge and functions room.
The living space comes with a fully furnished kitchen, individual working and living areas, entertainment service, internet connection. The ground floor of the tower will have commercial spaces and a supermarket, as well as dining and retail outlets. Citadines Paragon Davao transformed urban living to a new height.
The Citadines Paragon Davao investors will benefit owning a condominium and sharing the profits of a hotel business. The owners of the units will get their shares from a rental pool that they will receive on a regular basis.
The Paragon Davao’s first phase will also include a 4,842 sq.m. Convention centre with 2,500 people capacity and a grand ballroom sized 1,711 sq.m. A 4,564 sq.m. lifestyle mall that offers the traditional retail functions of a shopping mall with leisure facilities will be linked to the convention centre.
1. Davao City, the location
Davao city has received the recognition given by the National Competitiveness Council (NCC) as the 3rd Most Competitive City under the Highly Urbanized Category. The city earned the third highest score based on the three category- economic dynamism, government efficiency and infrastructure.
Davao City Investment and Promotions Center (DCIPC) declared in the first quarter of 2018 business establishments in Davao City has increased from around 35,200 to 36,802 a 4.6% increased, 3% of this is a newly registered business.
The increased of investments is credited to the good business environment and being the third most competitive highly-urbanized city in the country the growth will continue with the new infrastructure projects being planned for the city.
Mayor Sara Z. Duterte- Carpio has revealed that the 2012 Davao City Investment Code will be reviewed to attract more investors to the city.