DLI ahead of Seawind sked

By Cheneen R. Capon
Only less than a year since the firm started land preparation, homegrown developer Damosa Land Inc. (DLI), is set to start the construction of the second tower for its maiden condominium project, Seawind, this year.
“This is one of the significant developments for this year. Our original plan was to build one tower per year but with the very good take-up in sales, we want to maximize this opportunity,” DLI vice president Ricardo “Cary” F. Lagdameo told reporters at the sidelines of the inauguration of the Seawind’s entrance complex yesterday.
Not even finished on the first two towers, Lagdameo said all the 326 combined units of Tower 1 and Tower 2 are already sold out while more than 60 percent of the 163 units in Tower 3 are also bought.
Lagdameo said some of the remaining units in fourth tower which has a total of 200 units are up for sale since it was launched last January 23.
However, he said that a “relatively slower sales is expected for the Tower 4 than that of the first three towers because of external factors which he declined to identify.
“However, we are pleased to see that sales continue to be brisk. As of today we have sold about 50 percent of Tower 4’s inventory, after launching just last January,” he said.
“These positive figures have prompted us to accelerate construction. We are currently construction both Tower 1 and 2, as well as the basic land development,” he said the statement.
“Fifty percent of our clients are businessmen from Davao. We also have buyers that are up and coming professionals,” he added.
Almost 10 percent of the whole development for the 2.7 hectare condominium project area already finished which include the land development, construction of the main road, and completion of the entrance complex.
Lagdameo also said the DLI has also started the construction of swimming pool and club house which are both eyed to be finished by August this year.
He estimated that they have already spent around P100 million of the P1 billion estimated cost of the midrise condominium project which will have another building allocated for commercial spaces.
“We have already completed the foundation and the ground floor of the first tower. We’re on the way up,” he said, adding the eight-storey building will have a total of 163 units which will have a minimum floor area of 37 square meters (sqm) but homeowners can own up to 74 sqm.
Lagdameo said the firm is targeting to turn over the first set of units next year while the whole project is set to be finished in just 4.5 years contrary to the original plan of 6.5 years.
Also, the DLI announced that it was granted by Board of Investments (BOI) various fiscal incentives for the construction of the Towers 4, 5, and 6.
“These towers are the expansion of Seawind, an affordable condominium project, which was launched last March 15 last year,” a press statement reads.
Towers 5 and 6 of the condominium project are targeted to be launched in April and August this year, respectively.
In addition, the group also inaugurated the entrance complex in time for the Araw ng Dabaw celebrating the 79th founding anniversary of the city yesterday which was graced by officials of DLI and parent company, Anflocor. Brand ambassadress and endorser movie star Jodi Sta. Maria also graced the ocassion.
During the inauguration, Lagdameo and Sta Maria cut the ribbons through riding a Ford Fairlanes 1951 instead of the traditional scissors.