The Lagdameo family-controlled Damosa Land Inc. (DLI) has survived the pandemic and is ready to face future challenges to become a development catalyst in Mindanao, according to its top executive. Know more:
The Lagdameo family-controlled Damosa Land Inc. has survived the pandemic and is ready to face future challenges to become a development catalyst in Mindanao, according to its top executive.
For 2023, DLI is going to focus on improving and boosting turnovers for its residential segments like Ameria, Harbor View Estates, and Seawind. He said the company is also pushing through with launching and completing more residential projects in order to cope with the increase in demand for master-planned communities in Mindanao. Furthermore, DLI expects to generate P1.1 billion in sales for this year alone as the company launches the third building of its Bridgeport Park project.
Lagdameo said the Damosa Land is projecting at least a 50-percent increase in sales over the past year as the property developer firm because of the launching of new residential product launches, the completion of several existing projects, and an expected increase in occupancy in the office spaces and hotels. Moreover, Lagdameo said the company remains bullish based on the current positive trends prevailing in the property sector.
“Seeing the current trend and outlook for real estate, we are optimistic that we’ll reach and even go beyond the milestones that we are targeting for this year—just like what we’ve done in 2022,” he said.
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