The Working President

The Working President
Davao City Mayor Rodrigo Duterte "destined to become president"

Follow SouthernDCBlogs on Twitter

Saturday, July 7, 2012

Top 20 Grosser Cities for Real Estate




DAVAO CITY, Philippines
  Rapid growth has landed Davao City a place on the Philippines top 20 grosser cities for real estate list.


The metropolis ranked 12th among the top grosser cities in terms of collection fees from real estate property developers. Land Registration Authority (LRA) director in Davao Region and lawyer, Asteria Cruzabra said the city’s ranking puts them as number one among other cities in Mindanao and in Visayas.

“We surpassed even Cebu City. Our real estate industry is booming,” said Cruzabra.

LRA Davao Region was recognised in the top six in terms of performance amongst 16 other regional offices, said Cruzabra.

She commented that Davao’s industry has not reached its peak and that it is continuously growing today, and continued development will be expected in the future.

Davao has been able to gross P90 million (US$2.2 million) in registration fees from commercial, industrial, and residential establishments.

Across the country, an overall total amount of P3 billion (US$72 million) was collected by the LRA in 2010. Year-on-year, this total increased by 50 per cent from P2 billion (US$48 million) in 2010.

In terms of income, Cruzabra said real estate value never actually decreased.

Further enhancing the city’s performance is the recently implemented Philaris programmes, allowing LRA to generate land titles at a faster rate than previous years. The computer generated title processing started in 2009 and has since generated an average of 480,000 titles per annum, reported the Sun Star.

The Voluntary Title Registration (VTR) enables land-owners to convert their manually issued land titles to a secured e-title, opened last month. To date, two VTR applications have been processed.

E-titles prevent the possibility of falsifying the documents, said Cruzabra. She said: “The advantage is it would be safer now because all information are there in the data-base.”


source: Property Report Asia

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...

Share and Like:

CATEGORIES

ARAW NG DABAW ASIA News Bo's COFFEE BON CHON DAVAO Cabantian Cabantian CBD Cagayan de Oro City CARAGA Region Chowking COFFEE SHOP - Cotabato City COFFEE SHOP - Davao City COFFEE SHOP - Gensan City COMVAL Comval Festival COMVAL TOURIST SPOT COMVAL: BEACH FESTIVAL DAVAO - SAMAL ISLAND DAVAO AWARD & CITATION DAVAO BEACH FRONT PROPERTY DAVAO CITY DAVAO CITY MAYOR Davao Coffee Shop DAVAO CONDO Davao FastFood DAVAO FESTIVAL DAVAO FESTIVALS DAVAO FOODIES DAVAO FUN RUN DAVAO GOLF DAVAO HOSPITAL DAVAO HOTEL DAVAO NEW BIZNES DISTRICT DAVAO REAL ESTATE NEWS DAVAO REGION DAVAO REGION FESTIVAL DAVAO SPORTS DAVAO SUBDIVISION DAVAO SUMMER FEST DAVAO TOURIST SPOT DAVAO WAVE POOL DAVAO X'MAS SEASON DAVAOEÑOS PRIDE DECA WAKE BOARD PARK TOURNAMENT E-Commerce ENTERTAINMENT ENVIRONMENT EVENTS FASHION STATEMENT FILIPINOS PRIDE FIRST IN DAVAO FOODIES Gaisano GrandMalls GAISANO MALLS GOVERNMENT HALO-HALO HEALTH and BEAUTY JOB Opening JOLLIBEE DAVAO KADAYAWAN FESTIVAL KFC KRISPY KREME LAMDAG PARADA LIFE and STYLE MALLS IN DAVAO MALLS IN GENSAN MANA ANTIQUE SHOP MANNY PACQUIAO MAYOR RODY DUTERTE MAYOR SARA DUTERTE McDonald’s Davao MEDIA HYPE MEDIA PROMO MINDANAO MINDANAO BIZNES NEWS MINDANAO FOODIES MONKAYO NATIONAL NEWS NCCC MALL NCCC: Supermarket / CHOICE / HB1 OFW News PH BEACH FESTIVAL PH BIZNES NEWS PH FUN RUN PH SONA PHILIPPINE SCHOOLS PhotoBlog POLITICS PUREGOLD PRICE CLUB INC RAZON'S REAL ESTATE NEWS REAL ESTATE PROPERTY SaveMore by SM SCHOOL SM MALLS SPORTS STA CRUZ Davao STARBUCKS STARBUCKS - DAVAO STARBUCKS COFFEE TAGUM CITY TAGUM CITY FESTIVAL TAGUM CITY: FUN RUN Tagum Coffee Shop Tagum FastFood Tagum Food Tagum Hospital Tagum Hotel Tagum Latest Dev't. Tagum Malls Tagum Supermarket Tagum Tourist Spot TECH News WORLD BIZNES NEWS WORLD NEWS