Damosa Land taps Colliers for management of Davao condos

MANILA, Philippines — Mindanao-based Damosa Land Inc. has tapped Colliers International Philippines to manage its six-tower condominium project in Davao City for The Seawind project.

Under the agreement, Colliers will be in charge of the operations of The Seawind residential towers which include management and upkeep of the project’s more than 1,100 units.

“Colliers is pleased to have been appointed as the exclusive property manager of Damosa’s project. We can assure unit owners of the high standard of service that Colliers is globally known for,” said Jet Ilaga, Colliers International executive director for real estate management services.

The project is located in Sasa, Davao City near the Samal Ferry Terminal. It is close to major commercial and business developments in Davao City, the Davao International Airport, and the pristine Samal Island which makes it most ideal for a live-work-play lifestyle.

Damosa said the project has seen strong take up from young professionals, business owners, property investors, and overseas Filipino worker (OFW) households.

Five of the six towers  had already been sold while more than half of the units in the sixth tower had also been taken up.

“Demand is being sustained by a strong macroeconomic backdrop with Davao being the fastest-growing region in the past two years.  Its average GDP growth of 8.8 percent outpaced the national growth of 6.5 percent,” Colliers said.

Colliers added that Davao’s economy is primarily driven by industrial and services sectors, fuelled by manufacturing and outsourcing sub-segments.

“Davao remains an attractive location for local and foreign property investors and we see the Seawind project benefiting from the renewed interest in the city,” Ilaga said.

The project offers resort-feel features in the heart of the city. Among its amenities are an exclusive clubhouse with wifi,a half-olympic sized swimming pool, a bicycle lane, a basketball court, a kiddie pool and a playground.

‘Of the project’s total land area, only 30 percent is allocated for the residential towers.