Davao’s inclusion in 10 Next Wave Cities propel property market

Davao’s property market is expected to further grow not just because President Rodrigo Duterte is from the city but also because of Davao’s inclusion as the 10 Next Wave Cities in business process outsourcing (BPO). Davao-based Yuson Comm Investments said the rosy property market prediction for Davao is based on the economy’s projected growth by 6% this year and 6.2% in 2017. Investors’ interest has also shifted from Manila to Davao following the ascension of Duterte, former Davao City mayor, to the presidency. Davao’s BPO industry is also growing, mainly driven by the healthcare sector.