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Samal swamped by housing developers; land prices climb.
Byline: Carmelito Q. Francisco
DAVAO CITY -About 10 housing developers have sought local government permission to develop properties in the nearby Island Garden City of Samal.
City Administrator Cleto B. Gales, Jr. declined to identify the 10 housing developers, but said these are all legitimate businesses that have seen the potentials of the island city.
Three other major companies have also started their investments in the city, considered the tourism hub of the Davao Region, he said in an interview.
One of the companies is Filinvest Land, Inc., which is developing Kembali Coast, a 50-hectare property, into a high-end residential area. …
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