Firm to launch project in Samal, say top execs

HOMEGROWN property developer Damosa Land Inc. is initially investing about P1 billion for Bridgeport, a 12-hectare seaside township in the nearby Island Garden City of Samal in Davao del Norte that features an exclusive community.



Ricardo F. Lagdameo, vice president of the Floirendo company, said that the project, which will takeoff in the second quarter of the year, will “become a less crowded community.”

This is because the horizontal property component of the project, Lagdameo explained, will only have about 20 lots which will measure between 400 to 500 square meters and that the company is poised to sell between P10 million to P15 million.

“It is going to be a master planned mixed use community,” he said, adding that one of the attraction is a marina that can accommodate 20 to 50 boats.

Paulynne Anne B. Ferrero, business development officer of Bridgeport, said the company is making the project “an easy access leisure township.”

The project is envisioned to become a place for people who will want a “respite but do not want to go away” from the city as it can be accessed easier because of its proximity to the mainland, said Ferrero.

She said the project, which will have also a commercial component, will have a hotel of about 200 rooms that will target the meetings, incentives, conferences and exhibition activities.

She added the hotel component will “not compete” with Pearl Farm, its prominent hotel that caters to high-end customers looking for an exclusive resort temporary accommodation.

The company is also looking at linking up with the fishers in the nearby areas so that their catch can be sold in its commercial component. “We have started discussing this proposal with the village officials and the fisherfolk group,” said Ferrero, as the fish catch will be the feature of one of the restaurants in the commercial component.

On the condominium component, she said the plan is to have two separate condominium section, one on the lower side of the project while one on the higher end with each having four buildings not more than eight floors in height.

Initially, the first component of the project, the four-building condominium element, will have its groundbreaking within the next two quarters.

On the other hand, Lagdameo said the company is also on track of completing its first condominium project, the six-building Seawind, in 2020.

He said that only about 4% of the 1,200 units have yet to be solved as the company has started the foundation work for the fourth. “We are just continuing on with the project implementation,” he said.

Located in the 2.8-hectare lot, the project offers its buyers, particularly those in its seventh and eighth floors, the view of Samal.

Posted in Business