A new township to rise in Davao City

 

 

By Rose de la Cruz

 

With rapid developments taking place in Davao City since the ascendancy of President Duterte, property group YHEST Realty and Development Corp., is grabbing a share of the bustling property market by setting up the Davao Global Township, a P33-billion project  that spans 22 hectares of what once was a lush non-membership golf course. YHEST stands for Yuson, Huang, Soberano and Tan families that belong to the Villa Abrille clan of Davao.

 

YHEST is a joint venture between the Villa Abrille families and Cebu Landmasters Inc.—whose officers are mostly alumni of De la Salle University—which proposed the development of a DLSU Continuing Education Program inside the Davao Gold Township in Matinaa, one of the densest residential area of the cigty.  Cebu Landmasters Inc. is one of the leading developers in the Visayas and Mindanao.

 

The continuing education program is designed for the current success-driven work force of the city who aim to rise to the top of the corporate ladder by providing them with short upskilling courses.

 

This, after a memorandum of agreement was signed Monday (May 27) at the Henry Sy Sr. building roof top between YHEST Realty and officials of DLSU led by Bro. Raymundo Suplido and YHEST officials led by Frederick Yuson, president/CEO.

 

La Salle has no plans in the immediate future to set up a full campus in the township in compliance with an unwritten agreement with its friendly competitor Ateneo de Manila of not directly competing for the same elite market (though both institutions offer scholarships for those that can’t afford secondary education).

 

The township, launched in March 2019, would be undertaken in phases with Phase 1, worth P10 billion in 93,000 sq.m. of gross floor area will consist of two residential towers, a retail strip with cineplex and outdoor retail spaces (DGT Town Strip 1), a civic center (DGT Gallery) and a corporate center where the Villa Abrille Center for Professional Development will be located. This phase is due for completion in 2022, Yuson said.

 

YHEST is allocating a 4,000 sq. m. prime office spare accessible via the ground floor entrance on the 2nd and 3rd floor of the corporate center to be erected within the township. The group is allocating also P10 million in assistance for the operational requirements of DLSU and provide them with basic interiors of the facility.

 

Yuson, a 5th- generation descendant of Francisco Villa Abrille, one of Davao’s forefathers, said it has always been the vision of his family to be part of the developments of the province. The Villa Abrille is one of the oldest clans of Davao that is into leasing of commercial offices and buildings like Matina IT Park and Sutherland Global Services. They launched Davao’s first residential subdivision in 1952 and put up the Davao City Golf Club, the oldest golf course in the city until its closure in 2018 to make way for the township.

 

As you see, golf courses are not green resources. They need too much water for the greens and fertilziers and pesticides to keep the green landscape in shape, Yuson said during a presscon of the MOA signing.

 

Jose Franco Soberano, YHEST Director and CLI COO, said the size of the property, their first township undertaking, “will allow us to have a diversity of uses to make a complete and truly sustainable community. We envision DGT to be the central business district, (akin to the Bonifacio Global City in Taguig) with a dynamic lifestyle that will provide economic and social value to Davao.”

 

But Yuson said the project would not exclude the working class and the marginalized communities. “Our project will directly employ people in the area, we will also have a housing project outside the township for socialized housing and our over 50- percent open spaces and parks and leisure areas will also be open to them.”

 

“Like all townships, the facilities and amenities within the project area will be self-sustaining so as to be a city within a city,” Yuson said.

 

 

 

 

 

 

 

 

 

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