REAL estate developer Damosa Land Inc. (DLI) said they aim to launch the Kahi Estates project located in Puan, Davao City by September this year.
During a business forum, Ricardo Lagdameo, DLI president, said the construction of the project hasn’t started as they are still yet to receive their development permits.
“We’ll hopefully get it at the end of the month or in August. We’ve been doing a bit of sight clearing, we’ve already built the fence, and that’s all permitted,” Lagdameo said.
The agri-residential 5-hectare property subdivision project has a lot area that will range from 550 to 600 square meters.
Lagdameo noted that Puan, Davao City is a “fantastic” location for the project in terms of accessibility and greener area.
“The area where it’s at, if you ask me, the location, in terms of access, there are so many good roads right there and there are other high-end and mid-cost subdivisions that have been there for more than 10 years,” he said.
He said Kahi Estates will set its completion by late 2027 or early 2028, roughly two and a half years after the start of its construction phase.
“It’s not as large as some of our other projects because we’re doing mostly lot sales, we’re not doing house and lot similar to our other projects, we’re not building a condominium. So it’s mostly bank sales so the overall project cost is a bit smaller than what we’ve done in the past,” Lagdameo said.
Bigger drainages for flood
In line with this, Lagdameo shared that the project will possess an oversized detention pond, three times bigger than what is required, and store rainwater for hours, to anticipate floods brought by heavy rains in the city.
“It’s actually very important because we see too many roads out there that are made without drainage. All of our south divisions are made with proper drainage too, just like our Agriya projects,” he added.
Kahi, as DLI explained, is a stylized word, and a shorter version of Kahilum, which means tranquility, silence, and peace, an idea that “Damosa Land wants their homeowners to feel inside their residence.”
photo by Damosa Land Inc.
