DAVAO CITY, Philippines — Grand Land Inc., a home-grown developer from Cebu and the residential property development arm of Gaisano Grand Group launched on Monday the Amani Grand Citygate.
Amani Grand Citygate is Gaisano Grand’s first residential and condominium project in Davao City.
The project will include the establishment of the Grand Mall Citygate and the Amani Grand Citygate.
The project’s name was inspired by the strategic location of the condo which is situated at the heart of Buhangin district.
Buhangin is the leading road to the metro and to the outskirts of Davao City, said Bernard Go, Grand Land President.
“It’s a very powerful place. It’s really a lifestyle area. A mall is just across, there are good schools nearby, easy access to public transportation, the church and hospitals are not that far also,” Go emphasized during a press conference after the project’s launch at the Grand Regal Hotel here.
The Grand Land property area in Buhangin is more than eight-hectare, including the Grand City Mall where the 2.8 hectares Amani Grand City residential spaces will rise.
Architect Michael Torres, head architect of Grand Land has incorporated “live-work-shop” concept in the Citygate master plan paving way for the establishment of parks, walking bridges, jogging bar, clubhouse, amphitheater, pools, and gyms.
The master plan also shows that the Amani Grand Citygate is a low-density project having more open and green spaces than building footprints.
Go said more than 60 percent of the project was allocated for open spaces and amenities.
The model scale is composed of residential space allotted for the four nine-storey towers with 1,012 units combined with commercial and business process outsourcing (BPO) clusters around the complex.
“We are proud of our amenities and we offer them as a value-added to our product. This distinguishes Amani from other products and developers. Usually, when making something like Amani of The Grand Residences, we try to dedicate at least 60 percent of the land area to open spaces, green areas, and amenities,” Go added.
The total project costs of the residential spaces amount to P1.8 billion, he said.
With its project announcement last December after getting their license to sell in May this year, Go said their Tower 1 with 202 units is already sold out.
Currently, there is a projected and ongoing 15-20 percent under reservation and sales negotiation for Tower 2 with 232 units.
Jan Eric Menguito, Grand Land’s head consultant said the quality of Davao City is among the factors why they have a fast market take-up.
“We have a good location, we are an established developer and Davao is right for quality development that we are making it up to,” Menguito said.
The delivery of the Tower 1 is expected within the period of three years and will be turned over by December 2020.
The Tower 2 of the project is seen to be completed and delivered by the year 2021.
Amani Grand Condominium units are sold within mid-level price range at an average of P75,000 per square meters for a 27 square meters space, with a much more better space with roughly a total of P2.1 billion in average with two different studio type and a bedroom condominium units to choose from.
The company also announced that 60 percent of their buyers are Dabawenyos, 30 percent are overseas Filipino workers, and the remaining 10 percent include foreign and local buyers from outside of Davao City.
Grand Land sees Davao City as a very good market, as the city is currently known as the center for business in Mindanao and is ready for mid to high-end development with large infrastructures, developers, and investments coming.
Davao, the home city of President Rodrigo Duterte still has land areas that are open for development.
The city is also known for its strict safety and security measures.
The P1.8-billion investment project, Menguito, is the company’s key contributions to the emerging residential and condominium markets in Davao City. (davaotoday.com)