Damosa Land pumping P2.5B to build more homes, condos

DAVAO CITY — Mindanao-headquartered property developer Damosa Land, Inc. (DLI) is investing about P2.5 billion to build the residential components of its existing and new projects within the next three years.

DLI Vice-President Ricardo F. Lagdameo said those projects include the construction of the fourth tower of the Seawind condominium complex in Davao City, houses at the mixed-use project in the Island Garden City of Samal, and at the Agriya township in Panabo City.

“We are having two major developments this year aside from our existing projects,” said Mr. Lagdameo in an interview last week.

DLI, the real estate arm of the Floirendo-owned Anflo Management and Investment Corp., will start the construction of the fourth phase of the six-building Seawind condominium in Davao within the year.

The company is aiming to finish the whole complex by 2020, a year before the initial target completion date.

For the 88-hectare Agriya in Panabo, Mr. Lagdameo said land preparation works have already started.

Macy P. Bibat, Agriya project development manager, said the 20-hectare residential component of the township would have houses and not condominiums.

“We are launching the residential component earlier than the third quarter (of the year),” said Ms. Bibat.

Residents, she noted, would have full access to the entire township, which would feature a working farm area showcasing the agricultural sector in the Davao Region and the rest of Mindanao. —