Manila, March 24 -- Mindanao's real estate sector is experiencing significant growth, driven by infrastructure development and urban expansion, the Mindanao Development Authority (MinDA) reported Monday.

MinDA Secretary Leo Tereso Magno said demand for residential and commercial properties has reached unprecedented levels amid increasing business activities in the region, particularly in Davao City.

According to MinDA data, occupancy rates for condominiums in Davao City range from 95 to 100 percent, with luxury properties attracting buyers from outside Mindanao.

Colliers Philippines reported a 160-percent surge in condominium sales in the first half of 2022, fueled by Davao's emergence as an outsourcing hub, ongoing projects like the M...