Damosa Land Inc. is optimistic about the recovery of real estate in Davao having seen a rebound in its business across the residential, commercial and industrial segments throughout 2021.
Offering a portfolio of valuable innovations, the premier real estate and agro-industrial developer in Davao , is bullish about the prospects of the company following its growth in the past years and the gradual easing of restrictions on economic activity.
“Now more than ever, the Davao region shows promise as a prime investment spot as it continues to grow higher than the country’s GDP even with pandemic-related adversities. It is Damosa Land’s goal to support this growth by focusing on the progress of our real estate projects and ensuring that our developments are ready for new locators who will further expand the opportunities for our community,” said Cary Lagdameo, president of Damosa Land.
Damosa Land’s residential business progressed with the construction of Ameria, the residential component of its township project Agriya, and the completion of Seawind, its six-tower mid-rise condominium that overlooks the Davao Gulf and Samal Island.
Having just completed the condominium project in October this year, Seawind has turned over more than 52 percent of its 1,162 total units.
Consolidated sales for both Seawind and Ameria have picked up this year with more than a 50 percent increase from 2020.
Damosa Land also continues to expand its office portfolio with the addition of flexible workspaces through its franchise partnership with International Workplace Group (IWG).
Under the franchise partnership agreement, Damosa Land is set to develop and operate eight IWG centers across Mindanao in Davao, Cagayan De Oro, and General Santos over the next five years. Early this year, Damosa Land and IWG launched Regus Felcris Centrale in Davao City and HQ Topaz, the rebranding of the companies’ first project in Regus Damosa Topaz Tower in 2016. Regus Diamond Tower will be the third IWG center, and will be hosted by the Damosa Diamond Tower which was completed in July this year.
Soon after its completion, the Damosa Diamond Tower became the first office building in Mindanao to get an Excellence in Design For Greater Efficiencies (EDGE) certificate.
The office tower registered 22 percent energy savings, 27 percent water savings, and 24 percent less embodied energy in materials.
Anticipated to become a premiere business address in the city, the Damosa Diamond Tower will house several locators including the expansive co-working spaces of Regus, a professional services firm, business and knowledge process outsourcing companies, and the corporate offices of Anflo Management and Investment Corp. and Damosa Land.
Excluding Damosa Diamond Tower, Damosa Land’s retail and traditional office segments have recorded 94 percent occupancy versus 88 percent in 2020.
Damosa Land expects to maintain the recovery trend in this segment as more businesses open up next year.
Taking advantage of Davao’s location as a prime spot for trade and agriculture, Damosa Land boosted development of the Anflo Industrial Estate (AIE) with the addition of state-of-the-art cold storage facilities. The freezer rooms are expected to be able to accommodate more locators’ temperature-controlled requirements for products such as fish and seafood, meat, poultry, frozen food, and fresh produce.
AIE has 19 locators to date.
