Market Analyst July 1, 2024
Velmiro Heights Davao represents excellent value for middle-income homebuyers with flexible payment terms and world-class amenities. The project's rapid sell-out demonstrates strong market confidence.
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Property Overview
Project Selling
Pre-Selling
Residential
House and Lot
Velmiro Heights Davao is a modern residential subdivision located in Barangay Magtuod, Davao City. Comprising 362 house and lot units, this 11.5-hectare development features contemporary architecture designed to maximize natural views and climate benefits. The project offers flexible payment terms with monthly equity as low as PHP 12,000-15,000, making homeownership accessible to middle-income families. Launched in 2024, the project sold out in just 1.5 days, reflecting strong market demand. The development includes world-class amenities such as swimming pools, fitness gym, basketball courts, and landscaped gardens, combined with 24-hour security and modern infrastructure.
Units
Available units in Velmiro Heights Davao
Location & Neighbourhood
- Full AddressBarangay Magtuod, Davao City, Davao del Sur
- SubdivisionVelmiro Heights Davao
- City / MunicipalityDavao City
- ProvinceDavao del Sur
- Zip Code8000
- Walkability Score65
Nearby Places
- SM Lanang Premier8 km15 minutes
- Gaisano Mall of Davao6 km12 minutes
- Davao Christian School2 km6 minutes
- Southern Philippines Medical Center7 km15 minutes
- Abreeza Mall10 km20 minutes
About the Neighbourhood
Barangay Magtuod is a progressive barangay in Davao City located on a hillside with rolling terrain offering scenic views. The area is characterized by lush greenery and cooler climate due to its elevation. It is well-connected to major commercial districts, schools, hospitals, and shopping centers. The community is secure and family-friendly with good access to utilities and transportation.
Flood Risk Information
Davao City has identified 265 flood-risk zones. Magtuod is on elevated terrain (hillside location) which provides natural protection from flooding. However, the broader Davao region experiences flood risks during peak monsoon seasons and heavy rainfall. The subdivision's elevated location and modern drainage infrastructure help mitigate flood risks.
Legal Documentation
Clear Title
Yes
Zoning Information
Residential subdivision - BP 220 compliant
Additional Information
- Reason for SellingNew development project launch
- Pet PolicyNot specified
- Renovation HistoryBrand new development - no renovations
- Storage SpacesIncluded in unit design with lanai and balcony areas
- Cultural HeritageBuilt on historically and geographically significant hillside terrain in Magtuod
- Accessibility NotesModern design with multi-level options suitable for various family sizes and preferences
Market Insights
Rental Potential
8.5%
Expected annual rental yield
Historical Price Trends
Velmiro Heights Davao sold out in just 1.5 days from launch, indicating strong market demand and rapid absorption. The project received strong investor interest and was the first major residential launch in the area by Cebu Landmasters.
Future Development Plans
Cebu Landmasters continues to expand its Velmiro brand across multiple locations. Additional phases and complementary developments planned for the Magtuod area to support growing demand.
Reviews & Feedback 4.5
(2 reviews)
Real Estate Observer July 15, 2024
Contemporary design with hillside location offering scenic views and cooler climate. Good location near schools and malls with modern security features.