Damosa to start development of Seawind Phase 1 in 2nd quarter

Damosa to start development of Seawind Phase 1 in 2nd quarter

February 26, 2015 Press Releases, Residential 0

HOMEGROWN developer Damosa Land Inc., (DLI) will start development of the first phase of its Seawind project by second quarter this year.

This, after DLI, developer of the prime Damosa Fairlanes, on Tuesday received a permit from Housing and Land Use Regulatory Board (HLURB) allowing Damosa to start the land preparation for the project, among others.

DLI vice president Cary Lagdameo said Seawind will be the first vertical development project of the company after the success of 7.7 hectare- Damosa Fairlanes.

During an ocular visit at the site last Tuesday, Lagdameo said  Seawind will have a total land area of 2.7 hectares. It will be a mix-used development composed of commercial and residential component and located along KM 11, Sasa, Davao City.
“Seawind will have a total of six middle-rise condominiums and a two story commercial area,”Lagdameo said.

He said the start of the construction of the first phase of the development will commence by the second quarter of the year after DLI completed and secured all requirements and permits needed to full-swing the construction.

“We are targeting to secure the building permit by March,”Lagdameo said.

First phase of the development include the construction of the road networks and land preparation for the building of the a seven story condominium in the area.

“The first building is a three-winged structure with a total of 168 units,” he said, adding that their condominiums were designed that way to allow sunlight and wind flow inside.

Lagdameo said DLI would like to construct the first condominium as well as amenities like swimming pool, club house, basketball court , and parking spaces before it will start pre-selling.

The commercial area of Seawind is also expected to be constructed by the last quarter of this year.“The two-story commercial building can accommodate up to 20 locators,” Lagdameo said. “We are planning to talk with food chains like Chowking, Jollibee, or McDonalds perhaps to be our locators.”
The two-story commercial building will replace the existing commercial strip in the area. Lagdameo said homeowners will have access on the commercial area even inside the community.
“We envision Seawind as a complete community where homeowners have easy access to establishments that can provide their daily requirements,” Lagdameo said. “We are also thinking of inviting a daycare center owner.”

Only 27 percent of the total 2.7 area will be developed for residential area.

“This development will be spacious. We intend to put a lot of parking spaces as well as two ponds where homeowners can spend their leisure period,” Lagdameo said, adding that the homeowners will be able to have a glimpse of the Samal Island on their windows and balconies once the development is done.

“We projected that the development will be finished six years from now. We allot a year in constructing each condominiums,” he said.

The six condominiums will have a total of 1,064 units with the first three buildings having 163 units, while the last three will have 192 units each.

Units will have a minimum size of 37 square meters (sqm.) but homeowners can own up to 74 sqm.

“We want to give our homeowners a decent home living,” Lagdameo said.

Seawind is DLI’s first vertical development project that is intended for the middle class market where most of housing backlogs are recorded.

“We will build Seawind not because everyone’s into it but because we see that there’s a demand that should be addressed,” Lagdameo said.

The selling price of each unit will start at P1.6-million. CRC

 

Damosa Land

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Damosa Land: DamosaLand is one of the top real estate development companies in Davao, Philippines.