By Carmelito Q. Francisco,
DAVAO CITY — Damosa Land, Inc. (DLI), the real estate arm of the Floirendo’s Anflo Management and Investment Corp., has tapped Colliers International Philippines to manage its first six-tower condominium project, Seawind.
Ricardo F. Lagdameo, DLI vice-president, said the agreement between the two companies could expand to other projects.
“This is just an initial agreement. We might want to look at expanding this in the future,” Mr. Lagdameo told BusinessWorld last week after the two companies signed the agreement, the first management contract for Colliers International in Mindanao.
Alejandre Ilaga, Colliers International executive director for real management services, said in a statement: “We can assure unit owners of the high standard of service that Colliers is globally known for.”
The project, located on a 2.8-hectare area in Davao City with a view of the nearby Island Garden City of Samal, has swimming pools, bicycle lane, basketball court, and a playground.
The six buildings occupy about a third of the property, while the rest for the common amenities and green space.
Mr. Ilaga said Davao “remains an attractive location for local and foreign property investors and we see the Seawind project benefitting from the renewed interest in the city.”
DLI is set to turn over next month the first 165 units to buyers. Of the total 1,161 units, only 129 have yet to be sold, according to the company’s report as of end-August.
Mr. Lagdameo earlier told BusinessWorld that DLI had adjusted the project’s timetable two years earlier than initially planned, with completion of the construction now set for 2019, following encouraging sales performance.
Construction of the third tower started in August while completion was set for the third quarter of 2018.