Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Wednesday, 6 July 2022 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << July 2022 >> 
S M T W T F S
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2007/06/26

Influx of Fil-Am retirees in Davao seen

by Prix D Banzon

Davao City (26 June) -- Fil-Americans are among those that are into building their retirement homes in Davao City.

Romeo G. Birrey of the Philippine Institute of Architects who is chair of the finance committee of the 5th Mindanao Design and Construction Fair said these Fil-Americans are from Davao who had stayed for a long time in the United States and will soon retire in the city.

Birrey has about 30 high-end projects with cost ranging from P7 million to P15 million or more and mostly his clients are Fil-Americans.

He said with the number of over a hundred high end projects here it would indicate that construction business in Davao City is really booming.

Davao City has about a dozen high-end subdivisions where Dabawenyos from abroad after for a good home location would come home to build their homes where they could retire.

Sonny Labao, president of the Philippine Institute of Architects said that sometimes prospective homebuyers put up apartments where they take the first door and the rest will be rent out to others. This would allow the retiree to engage in income generating projects, he said.

He said there are other options but normally they buy and construct their homes but in some cases these homebuyers do not want to go into construction because it is very costly. They buy house and lot in high end areas have it refurbished in accordance to the design and specifications that they like.

Labao meanwhile said that Davao buyers are now conscious on what to build. These are the patterns and designs that can be seen among others in Forbes Park in Manila.

But plush subdivisions here like Robinsons are already into it as building owners would specify that they want such specific designs.

He said the "Forbes" setting of Manila is slowly invading Davao City and this is not farfetched because their high end clients are into it already.

He said this will really boast the architectural industry where current figure of practicing architects are about a hundred now. (PIA XI) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»Support to agriculture continues in AgSur
»Farmers get aid in marketing farm products
»Public urged to remain vigilant vs terror
»Feature: Learning from home, a success story
»IBP delinquent members pushed to pay dues
»Literacy a top priority DepED
»DavNor celebrates 40th anniversary
»More high-rises to be built in Davao
»Influx of Fil-Am retirees in Davao seen
»Davao City pursues land banking
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines