The construction industry attributed to more projects as it heavily depends on high government spending on infrastructure where projection of money to be poured in is estimated to be between P2 to P3 billion.
The sector however noted the growing individual constructions that are being carried out mostly by overseas Filipino workers in high end residential areas of the city.
They saw also the growth in real estate aside from high end residences to socialized and medium construction of housing units hence the boom of the construction industry is now felt in Davao especially that all big time contractors in Manila are now here.
Among those that already made there presence here with ongoing projects are Robinsons in Bajada, the Ayala Land where it is developing a ten-hectare area along J P Laurel Avenue, the Davao Motor Sales in Lanang, the Consunji Group where it is building two condominium structures along Ecoland, Filinvest Land, Inc. where some seven single medium rise buildings for condominium to be constructed in Ecoland and the Crown Asia Group of Companies that continue to build both medium and high-end residences.
Given the right environment the boom is here and will be there for the next five years depending on the political situation and peace and order. And with the peace agreement hopefully to be realized soon will become an added boost to the industry. If the situation warrant the boom of the industry could even last for the nest 20 years. Who would not want this to happen in our city where more money will be in circulation, a stable economy. and not only that there will be more jobs for the people.
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