Leading developer in VisMin Cebu Landmasters Inc. (CLI) starts the year with strong reservation sales by selling out all three towers of the first residential development in Davao Global Township (DGT) in 4 days, generating a record Php4.068 billion in sales. This validates DGT as the most anticipated premier township in Davao.
The first among many launches in 2022, The East Village at DGT is the first residential development in the township with over 2,000 residential unit offerings spread across the 6-tower vertical village. The newly launched and sold-out three towers with a total of 1,087 units will break ground in Q2 2022 and is scheduled for completion in Q3 2026.
The East Village and DGT are both projects of YHEST Realty Development Corporation, CLI’s joint venture with the Yuson, Huang and Tan families belonging to the established Villa-Abrile clan of Davao.
Positioned as the most connected, green, and generous abode designed for the global Filipino, the record high sales turnout of The East Village shows that the development captured the robust demand in Davao City for residential units within a premier township designed to meet world-class standards.
The six-tower vertical East Village masterplan, offering connectivity, sustainability and accessibility, is designed by Aidea, the number 1 ranked firm in the Philippines and ranked #39 globally with 800 projects in over 60 countries. The residential units are a mix of studio, one-bedroom and two-bedroom units with floor areas from 22.3 sqm. to 75 sqm. Prices range from P118,800/sqm. to P150,000/sqm for the first three towers.
With a 1.8-hectare footprint, The East Village building plan provides residents safe, open spaces, outdoor-focused facilities and generous green designs. Amenities include playgrounds, a basketball court, lap pool, jogging paths, gardens, parks and a chapel.
The East Village along with a lifestyle mall and cultural center is part of Phase 1 of the 22-hectare DGT, the first and largest premier central business district of Davao City. The township’s land development which includes utilities and road network is nearing 100% completion.
According to Jose Soberano III, CLI CEO, “DGT will mark the coming of age of Davao City among Southeast Asia’s key cities.” In fact, the masterplan was awarded “Best Township in Asia” by the prestigious PropertyGuru Asia Property Awards 2021.
YHEST president Fred Yuson discloses: “DGT is envisioned to transform the former Matina Davao Golf Club into a global and iconic central business district. It will host the headquarters of top corporations in the country, office hubs of BPOs and multinationals; it will have a hospital, retail, civic spaces and a central park. It will be a development that dynamic Davao City truly deserves.”
Part of DGT’s Phase 1 is the P700 million lifestyle mall called the DGT City Center that will be a landmark destination presenting an array of retail, restaurant and entertainment choices. It will feature dynamic, al fresco spaces and lush indoor gardens offering worry-free strolling and shopping. To complement this is the P200 million DGT Cultural Center with showrooms, museum spaces, a theater and function room which can hold up to 250 people.
The DGT Cultural Center, DGT City Center, and The East Village showcase the best of Filipino and international design making the township a global masterpiece.
CLI is developing other townships including the 100-hectare Minglanilla Techno Techno Business Park (Ming-Mori) in Cebu, the 14-hectare Manresa Town in CDO, and more future estate projects in Cebu and Bacolod.
Last March 15, CLI declared a regular cash dividend of Php0.112 per share. The board also declared an additional special cash dividend of Php0.038 per share to shareholders of record on April 22, 2022 because of the company’s robust sales and solid financial performance. Payment date will be on May 17, 2022.
