Damosa Land projects enjoying robust sales
With the current surge in terms of property development in Davao City, homegrown property developer Damosa Land bared the update on its residential projects, Damosa Fairlanes and Seawind condominium.
Guesting during the Wednesday’s Habi at Kape media forum at Abreeza Mall, Damosa Land Vice President Ricardo Lagdameo said the company has benefitted from the current trend in the city.
“What we’re experiencing right now is what the city is experiencing as well,” said Lagdameo.
He added that the 40 percent increase of property value from 2015 to 2017 has been an advantage both to early buyers and to those who are into property reselling.
“We have fully operational and well-maintained amenities wherein our residents and their guests have been enjoying holding important functions in our clubhouse area,” said Lagdameo.
As of 2017, the subdivision is 96 percent sold, equivalent to 219 out of 228 units.
“We have 54 percent units or 119 units delivered to respective homeowners out of 219 sold with additional 20 units or 11 percent for turnover in the next one to two months,” he said.
Out of the 119 units turned over to homeowners, 88 units have been occupied.
The DAMOSALAND VP expressed determinism to hit at least 80 percent on house completion and turnover to buyers before the end of the year.
Meanwhile Lagdameo disclosed the expansion of one hectare where additional bigger house models will be located.
Lagdameo said the residential project is located in a prime location because it is within Davao City proper.
“Therefore, our units have been attractive to lessors with a lot of units among turned-over to the homeowners being leased,” he said.
The Damosa Land VP announced that Towers 1 to 5 are now sold out.
A topping off ceremony was held on February 8, 2017 to signify the finishing of Seawind’s first tower which will be turned-over to buyers starting May 2017.
Meanwhile, Tower 2 will be set for turnover on the third quarter of 2017.
For its Tower 3, construction has kicked off on March 3.
As of January 2017, Tower 6 is already 26 percent sold.
Launched on April 15, 2015, Seawind by Damosa Land has its Entrance Complex inaugurated on March 16, 2016 and its clubhouse completed and inaugurated on October 28, 2016.
A home-grown developer, Damosa Land’s residential projects serve mostly domestic buyers, with overseas Filipino workers comprising roughly 24 percent of its clients.