View Samal Island at Seawind Tower 5
source: WED, MAY 18, 2016 BY THE MINDANAO DAILY MIRROR
by maya m. padillo
The newest project of Damosa Land Inc. (DLI) – Seawind will provide a good vantage point to view the Samal Island from the mainland. Seawind is a six- building low-rise develop-ment that will soon rise in the heart of the city.
In an interview with Mirror, DLI Vice Presi-dent, Ricardo ‘Carey” Lagdameo said Tower 5 is a straight linear building with one side looking the view of Samal Island from north to south. The one looking north is overlooking the amenities while the other is the entrance of Seawind.
“When we look at it even with the presence of Tower 6 sa tingin namin (in our view) Tower 5 is the best designed tower. And, as a company when we look at all the towers Tower 5 is our favorite. All of the buildings have their advantages but of course within the project itself Tower 5 is the beautiful building,” Lagdameo said.
Tower 5 has nine floors and houses 211 units with floor area of 37 square meters. DLI is eyeing the market of young entrepre-neurs, young start up families, and early nesters for Tower 5. The cons-truction is targeted to start towards the end of 2017 or early 2018 and the target completion is early 2019.
Lagdameo said the launching of Tower 5 hap-pened early due to the fast sell-out of Towers 1,2,3 and 4. He said they decided to launch Tower 5 because there’s no more inventory for Towers 1,2,3 and 4. He said Tower 4 has 18 units left out of 211 units.
According to him, they have already collected Letters of Intent (LOI) the past month. DLI has also finalized pricing and the terms and started pre-selling during the launching with P30 million worth of units sold.
“Why the fast sell-out of the four towers? Be-cause there’s really a de-mand for condo units here in Davao especially in the price ranges of pre-selling. The average price range of Tower 5 is about P2.4 million,” Lagdameo said.
Lagdameo stressed that the good take on sales prompted them to accele-rate the development of its newest project from the original timetable of six and a half years. He said they are now looking at com-pleting the whole project for four and a half years.
“We sold out Tower 1 around July of last year that is why we launched Tower 2 right away at sa awa ng Diyos (and in God’s grace) we sold it out also. Tower 3 has few units left and we launched Tower 4, which is about 60 percent sold, third week of January,” Lagda-meo said.
DLI’s newest project, Seawind is the latest testa-ment to what the company is capable of. The first three buildings will house 165 units per building. The master plan is composed of six residential towers with seven to eight floors each, a clubhouse, a pool, parks, playgrounds and a com-mercial strip right outside with a public transportation terminal.
A homegrown deve-loper, DLI is committed to deliver quality products that are factored in as a major selling point.