DAVAO CITY — Damosa Land Inc. (DLI) has started pre-selling the residential units, consisting of a house and lot, at its Agriya mixed-use complex in Panabo City, Davao del Norte.

DLI Vice President Ricardo F. Lagdameo told BusinessWorld the units are “targeted for the high-end market” with prices at an average P15 million.

In an earlier interview, Mr. Lagdameo said they will start constructing the 177 detached houses next year, with lot areas ranging from 250 to 450 square meters.

“Initially, we will be targeting the local market in Panabo then branching out to greater Davao Region,” he said.

Meanwhile, the DLI official said they are still on track to open before the end of November the agri-tourism area of the complex, which will have working crop and aquaculture farms and a theme park.

He said the “Naturetainment” park will give visitors “a real sense of the agri life, stimulate a different kind of thrill and helps encourage children to take care of mother nature.”

“Davao being really the center of agriculture in the Philippines or Mindanao being the center of agriculture, there is not really that many agri-tourism projects to go to, When people say they’re coming to Davao, where can we go? This is one of the places we want to promote,” said Mr. Lagdameo.

The park and land preparation for the residential area are part of the project’s P4-billion first phase.

The 88-hectare Agriya will also have commercial spaces and a University of the Philippines Professional School for Agriculture and Environment.

DLI is the real estate arm of the Floirendo-owned Anflo Management and Investment Corp., whose flagship firm is banana exporter Tagum Agricultural Development Company, Inc. — Carmelito Q. Francisco

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