Escandor Tower, standing tall in Matina, Davao City, has been a recognizable feature of the skyline for years. But with Davao’s real estate scene constantly evolving, potential buyers and investors are asking: is buying a condo in Escandor Tower still a wise investment today? Let’s dive deep and take a closer look.
Location, Location, Location: Escandor Tower’s Prime Spot
Escandor Tower’s address puts it right in the heart of Matina, one of Davao City’s most bustling and well-established areas. Specifically, it’s strategically located on Quimpo Boulevard. This means easy access to pretty much everything you could need or want. Think of it as being in the center of the action, but with a bit of breathing room. You’re not right in the super crowded downtown area, but you’re close enough to get there quickly. Landmarks like the Ateneo de Davao University and the SM City Davao are just a stone’s throw away, making it super convenient for students, families, and anyone who enjoys shopping and dining. This strategic location contributes significantly to the tower’s desirability.
The Appeal of Matina: Why It Matters
Matina itself is a big part of Escandor Tower’s appeal. It’s a mature residential area, meaning you’re not dealing with the growing pains of a brand-new development. You’ve got established neighborhoods, reliable services, and a real sense of community. Plus, Matina is known for being relatively safe and accessible, which are major considerations for anyone looking to invest in property. You are also assured of getting your basic needs and leisure activities nearby.
Condo Living at Escandor Tower: What to Expect
Escandor Tower offers a variety of unit types to suit different needs and budgets. You’ll find everything from cozy studio apartments ideal for students or young professionals to more spacious two- and three-bedroom units perfect for families. The finish of the units is generally well-maintained, although some older units may benefit from a bit of updating. Expect to see a mix of original fixtures and renovations done by previous owners, which adds to the unique character of each unit. The building management also ensures regular maintenance of common areas, contributing to the overall appeal.
Unit Types and Sizes: Finding the Right Fit
While exact floor plans vary, here’s a general idea of what you can expect: Studio units typically range from around 25 to 35 square meters, one-bedroom units from 40 to 60 square meters, and two-bedroom units from 70 to 90 square meters. Three-bedroom units are usually the largest, offering over 100 square meters of living space. Prices generally correspond to the size and location of the unit within the building, with higher floors and units offering better views commanding a premium. You can find listings and potentially compare unit sizes on real estate websites.
The Price Tag: Is Escandor Tower Affordable?
Condo prices in Escandor Tower can vary significantly depending on several factors, including the unit size, floor level, condition, and whether it has been renovated. Generally, you can expect to find studio units starting from around PHP 2 million to PHP 3 million. One-bedroom units might range from PHP 3.5 million to PHP 5 million, while two-bedroom units could be priced between PHP 5.5 million and PHP 8 million. Larger three-bedroom units can easily fetch prices above PHP 8 million. Keep in mind that these are just estimated ranges, and actual prices may vary. Rental income potential also fluctuates but can provide a decent return on investment, especially for well-maintained units in desirable locations within the building.
HOA Dues: What You Need to Know
Homeowners Association (HOA) dues are a regular expense to consider when buying a condo in Escandor Tower. These dues cover the cost of maintaining the building’s common areas, amenities, and security. HOA dues typically range from PHP 80 to PHP 120 per square meter per month. So, for example, a 50-square-meter unit might have monthly HOA dues of PHP 4,000 to PHP 6,000. It’s crucial to factor these dues into your budget when assessing the overall affordability of owning a condo in Escandor Tower.
Lifestyle and Amenities: Living the Escandor Life
Escandor Tower offers a range of amenities designed to enhance the lifestyle of its residents. You’ll typically find features like a swimming pool, a fitness center, a function room, and 24/7 security. The swimming pool is a great place to relax and cool off on hot Davao days, while the fitness center provides a convenient way to stay in shape without having to leave the building. The function room is perfect for hosting parties or meetings, and the 24/7 security ensures the safety and peace of mind of residents. While some of these amenities might be a little older compared to newer developments, they are generally well-maintained and provide a good value for residents.
Walkability, Noise, and Connectivity: The Real-World Experience
Escandor Tower scores pretty well on walkability, especially for everyday errands. You can easily walk to nearby restaurants, shops, and even the Ateneo de Davao University. However, walking to the larger malls like SM City Davao might be a bit of a stretch for some, although it’s definitely manageable. Noise levels can vary depending on the unit’s location within the building. Units facing Quimpo Boulevard might experience more traffic noise, while those facing away from the street tend to be quieter. Connectivity is excellent, with easy access to major roads and highways. Getting to the Francisco Bangoy International Airport (Davao International Airport) is also relatively quick and easy. You are also very close to the Davao City Golf Club.
Safety and Security: A Top Priority
Security is a major concern for most condo buyers, and Escandor Tower takes it seriously. The building typically has 24/7 security personnel, CCTV surveillance, and controlled access points. While no building can guarantee absolute safety, the security measures in place at Escandor Tower provide a significant level of protection for residents. It’s advisable to always stay vigilant of your personal safety and security no matter where you live. Talking to current residents is a good way to gauge how they perceive security.
Investing in Escandor Tower: Is it a Smart Choice?
Investing in Escandor Tower has its pros and cons. On the plus side, its prime location in Matina, established community, and relatively affordable prices make it an attractive option for first-time buyers or those looking for a conveniently located property. The rental income potential is also a significant advantage, especially with the high demand for housing in Davao City. However, the age of the building is something to consider. Newer developments might offer more modern amenities and features, which could be appealing to some buyers. Also, you’ll want to compare it to other condominiums in the area.
Real Estate Desirability: What Makes Escandor Tower Stand Out?
Escandor Tower’s desirability comes down to a few key factors: its location, its reputation, and its affordability. It’s been around for a while, so it has a proven track record and is well-known in Davao City. The location in Matina is hard to beat, and the prices are generally more accessible than those of newer, more upscale developments. This makes it a popular choice for a wide range of buyers, from students and young professionals to families
and retirees. Davao’s continued economic growth keeps demand high.
Airbnb Legality and Feasibility: A Source of Income?
Before you get excited about listing your Escandor Tower condo on Airbnb, it’s crucial to check the building’s rules and regulations. Some condo associations have restrictions or outright bans on short-term rentals like Airbnb. Even if it’s allowed, you’ll need to consider the potential impact on your neighbors and ensure that you’re complying with all local laws and regulations. The feasibility of Airbnb also depends on the demand for short-term rentals in the area, which can fluctuate depending on the time of year and local events. It’s best to do thorough research and weigh the pros and cons before pursuing this option.
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Escandor Tower vs. the Competition: Other Condos to Consider
Davao City’s condo market is booming, so Escandor Tower isn’t the only option. There are several other developments in the Matina area and throughout the city that you might want to consider. Some newer projects may offer more modern amenities, while others might be located in different areas with their own unique advantages. It’s important to compare prices, locations, amenities, and reputations before making a decision. Some other condos in the vicinity that might be worth checking out include those in the immediate Matina area, and those a bit further out, depending on your budget and preferences. Be sure to check online real estate portals for a comprehensive list of available options. Also, check online real estate market updates to understand what the market is doing.
Pros and Cons: Weighing Your Options
Pros of buying in Escandor Tower: Prime location, established community, relatively affordable prices, rental income potential, and well-maintained amenities. Cons: Older building, potentially outdated unit finishes, potential noise from Quimpo Boulevard, and competition from newer developments.
Flood and Earthquake Risk: Addressing Concerns
Davao City, like much of the Philippines, is susceptible to both flooding and earthquakes. It’s essential to assess the flood and earthquake risk associated with Escandor Tower. While Matina is generally considered to be at a lower risk of flooding compared to some other areas of Davao City, it’s still important to be aware of the potential. You can check flood maps provided by the local government to get an idea of the risk in the specific area around Escandor Tower. Regarding earthquakes, Davao City is located in a seismically active zone. While Escandor Tower was built to withstand earthquakes based on building codes at the time of its construction, it’s always a good idea to be prepared for earthquakes and to ensure that your unit is properly insured. Inquire about the building’s compliance with current seismic safety standards.
Fault Line Proximity: Is Escandor Tower Located Near a Fault Line?
Determining the exact proximity of Escandor Tower to active fault lines requires consulting with the Mines and Geosciences Bureau (MGB) or other geological experts. This information is crucial for assessing the potential earthquake risk associated with the property. While buildings in Davao City are generally constructed to withstand seismic activity, understanding the proximity to fault lines allows for a more informed decision-making process. You can try searching the MGB’s website for fault line maps, though professional consultation is always recommended for accuracy.
Nearby Commercial Hubs and Lifestyle Areas
Living in Escandor Tower means you’re never far from the action. SM City Davao, one of the largest malls in Davao City, is just a short drive away, offering a wide range of shopping, dining, and entertainment options. The area is also home to numerous restaurants, cafes, and bars, catering to a variety of tastes. For those seeking a more relaxed atmosphere, there are several parks and green spaces nearby, providing a welcome escape from the hustle and bustle of city life. The Abreeza Mall is also accessible for more shopping needs.
Schools, Hospitals, and More: Everything You Need Nearby
Escandor Tower’s location is also convenient for families with children, as it’s close to several reputable schools, including Ateneo de Davao University. There are also several hospitals and medical centers in the area, ensuring access to quality healthcare. Banks, supermarkets, and other essential services are also readily available, making it a convenient place to live for people of all ages. The presence of these amenities contributes to the overall desirability and investment potential of Escandor Tower.
Frequently Asked Questions About Escandor Tower
What is the average price of a condo in Escandor Tower? Prices vary depending on the unit size, floor level, and condition, but you can expect to find studio units starting from around PHP 2 million, one-bedroom units from PHP 3.5 million, and two-bedroom units from PHP 5.5 million.
What are the HOA dues in Escandor Tower? HOA dues typically range from PHP 80 to PHP 120 per square meter per month.
What amenities are available at Escandor Tower? Amenities typically include a swimming pool, a fitness center, a function room, and 24/7 security.
Is Airbnb allowed in Escandor Tower? Check with the building management to confirm the rules regarding short-term rentals.
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Is Escandor Tower located near a fault line? Consult with the Mines and Geosciences Bureau (MGB) or other geological experts for accurate information on fault line proximity.
How safe is it to live in Escandor Tower? The building has 24/7 security personnel, CCTV surveillance, and controlled access points.
Investing in real estate is a complex decision, and it’s always best to do your own thorough research and consult with a qualified real estate professional before making any commitments. This article provides general information and should not be considered financial or investment advice.
Ready to explore the possibilities that Escandor Tower holds for you? Don’t just read about it—experience it! Take the next step and schedule a visit to see available units firsthand. Contact a local real estate agent specializing in Escandor Tower properties to arrange a viewing and get all your questions answered. Discover if Escandor Tower is the perfect place to call home or your next smart investment in Davao City’s dynamic real estate market. Your dream condo awaits!
