1979 – The Early Days.
Dr. David Chung, Ph.D started Dava Developments in 1979, when the potential of the Vancouver real estate market was still in its infancy. David spent the early days working on site with trades on all the homes he built, pouring his energy into each and every one. From designing and drafting the floor plans and elevations to hammering the nails and pouring concrete, there wasn’t a single part of building homes that he did not involve himself in. These experiences have helped define the core values that Dava Developments is built upon: Honesty, Integrity and Service.
1999 – 20 Years Later.
Dava Developments continued to develop and build for the next 20 years until 1999, when David decided to change the direction of the company and focus on Commercial and Residential Real Estate Investments. The goal was to acquire and expand our real estate investment portfolio within Greater Vancouver with a major emphasis on the City of Richmond.
2011 – Present Today.
Dava Developments’ investment arm currently holds an interest in several large shopping plazas and industrial buildings within Greater Vancouver; however, regardless of his success in real estate investment, David could not escape his passion for real estate development. After acquiring several prime re-development sites, David decided to return to his home-building roots. Dava Developments is now engaged in the development of several commercial and residential multi-family projects and continues to uphold the same values that made Dava Developments the biggest single-family home developer in Richmond in the 1990’s.
Source: DAVA Developments