Mindanao, a beautiful island in the southern reaches of the Philippine archipelago, with rich biodiversity and natural resources and an incredible wealth from nature, is often described as a “land of promise.”
However, it was not until decades later when it became the country’s second-largest economy after Luzon, thanks in large part to a vastly improved peace and order situation that, in turn, encouraged the region’s dynamic business leaders to initiate bold plans for its economic future.
The island’s ecoregion of old-growth rainforest, Pantaron Mountain Range, is the country’s backbone of biodiversity. Over 30 percent of its native species are endemic to the area, including the iconic Philippine Eagle (also known as the Monkey Eating Eagle), lizards, moon rats, tree shrews, and various bird species.
But the island holds other promises, too. For decades, the land of promise also earned the distinction of the “breadbasket of the Philippines,” with its vast and fertile agricultural lands capable of the entire population. It also hosts the most mining operations because of its mineral resources.
With an area of about 100,000 sq. km. and a population of more than 20 million that is predominantly young, educated, and driven, Mindanao is now host to multiple business outsourcing companies that serve information technology hubs and other industries. Its rapidly developing tourism and hospitality trade results from the region’s strict security measures, with numerous establishments staying open 24 hours a day.
Not quite the least among these positive developments is the ongoing infrastructure boom in Mindanao that emboldened critical real estate players to build commercial and residential properties. Large shopping malls and multiple mixed-use developments have risen, indicating that Mindanaoans now expect to lead productive lives and savor modern lifestyles in the newly affluent region.
Top real estate developer Vista Land is leading the charge with its new Asterra series of condominium properties. Introduced as a personal housing project of Vista Land chairman Manny B. Villar, Asterra will be right up front, training the spotlight on Mindanao’s finest cities. Asterra’s foray into Mindanao will be one of synergy and collaboration, benefitting both the region and the housing brand.
To be unveiled in the early months of 2023 are Asterra’s plans for condo developments that will rise in the quiet and serene suburbs, specifically in areas that boast stunning natural backdrops.
Villar explains why Vista Land will push for the success of Asterra in the region. “With the singular beauty of the island and its rich cultural heritage, Vista Land hopes to build idyllic residential projects such as Asterra to match,” he said.
Villar also seeks to entice business investors to come in and help optimize Mindanao’s potential. “I believe that now is the best time to give Mindanaoans the quality homes of their dreams while offering property investors the value proposition they won’t find elsewhere in the region,” he affirmed.