DAVAO CITY — Damosa Land, Inc. (DLI), the real estate arm of Floirendo-owned Anflo Management and Investment Corp. (Anflocor), plans to break ground by the end of the year for its mixed-use project in Samal Island.
DLI Vice-President Ricardo F. Lagdameo said in an interview that they are now completing government requirements while finalizing the design for the 12-hectare property, located about 15 kilometers from the luxury property of sister firm Pearl Farm Beach Resort.
Mr. Lagdameo, grandson of Anflocor founder, the late Don Antonio O. Floirendo, said they are now eager to pursue the project “because of the news about the bridge to be built that will connect” Samal with Davao City.
“Hopefully, we will have something to launch before the end of the year,” he said.
The Regional Development Council confirmed last week that the Department of Public Works and Highways is undertaking a “full-blown feasibility study beginning this year” for the Davao-Samal bridge. A pre-feasibility study completed in December 2016 indicated economic viability for the project.
Mr. Lagdameo said DLI will initially develop the residential and commercial components of the Samal project, which will have its own marina, and later on a hotel.
DLI currently has a condominium under construction in Davao City and a township project in Panabo City, Davao del Norte. — Carmelito Q. Francisco