Seawind launches sixth tower

HOMEGROWN  property developer Damosa Land Inc. has decided to add the last of its six buildings in its Seawind condominium project due to faster takeout.

Ricardo F. Lagdameo, company vice president, said the company decided to start the construction of the last tower because the fifth tower is nearly sold out. The company, he added, is expecting the sales to “continue to be good not only because it is the last tower, but also because (sixth tower) has also a view of the Samal Island.”

Some buyers, Lagdameo said, have been waiting for the sixth building because of the view as well as the easier access to the commercial center which the company will also be setting up in the project.

The main proof that the market has appreciated the project, Lagdameo pointed out, is that between the time the project started, which was about two years ago, until at present, the price has appreciated by so much considering that from an average of P1.8 million a unit for single-bedroom units, it has appreciated to about P2.8 million.

Last week, the company inaugurated its amenities that included its swimming pool and club house. Next year, the company will turn over to its buyers the first two buildings of the project as Lagdameo told the TIMES earlier that the project completion period is expected to be shortened by two years from 2021 to 2019.

On the acceleration of the 2.8-hectare project, Lagdameo earlier said this was not only because of the fast takeout but also because it is “very cost efficient to us.”

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