Damosa Land, a leading property developer based in Mindanao, has established itself as a key player in the Philippines’ real estate sector.
Renowned for its innovative approach to property development and community enhancement. the company has transformed under the leadership of its president Ricardo Floirendo Lagdameo. From modest beginnings, Damosa Land has expanded its portfolio to include residential, commercial and industrial projects that cater to the diverse needs of the region.
Legacy of excellence
With a history that dates back to 1940s, Damosa Land has grown from being a Davao-based real estate venture into a multifaceted development firm, creating residential, commercial and mixed-use properties with various projects across Mindanao.
Lagdameno, who joined the company 10 years ago, reflects on the transformative journey.
“When we started, our focus was primarily on a few commercial developments. Today, we have expanded into office leasing, residential projects, and even industrial parks,” he said.
The growth strategy has positioned Damosa Land as a comprehensive developer, capable of creating holistic environments that foster community and economic development.
Central to Damosa Land’s vision is the development of large-scale townships, with average size of 20 to 80 hectares, that incorporate essential components such as schools, hotels, and agri-tourism facilities. “We’re not just creating residential subdivisions; we’re aiming for projects that enrich communities,” Lagdameo said.
The company is active in five key cities in Mindanao, including Davao City, Panabo City and Cagayan de Oro, where they are dedicated to revitalizing underdeveloped areas and making a lasting impact.
Upcoming Projects
Exciting upcoming projects highlight Damosa Land’s forward momentum. Among them is Kahi Estates, an upscale residential development in Davao City, with pricing between P35,000 and P45,000 per square meter. The project aims to offer luxury living options in a market that has shown strong demand for high-end residences.
The Agriya Township is set to expand with Agriya Gardens, offering house-and-lot packages ranging from P7 million to P15 million. These initiatives reflect Damosa Land’s strategic pivot toward the higher-end market while ensuring accessibility for local buyers
The company’s commitment to sustainability is evident in their commercial developments, particularly those catering to multinational companies. Damosa Land prioritizes green certifications, ensuring that their office buildings meet international sustainability standards.
“We aim to set a standard for sustainability, not just to meet market demands but as a core principle of our developments,” he said.
Advocacy for Mindano
Beyond his responsibilities at Damosa Land and other family-owned businesses, Lagdameo is also deeply invested in promoting Mindanao as a viable investment destination. Collaborating with various organizations and government units, he actively seeks to attract both local and foreign investors. His advocacy includes highlighting the region’s rich natural resources, growing infrastructure, and emerging market opportunities.
“We believe in Mindanao’s promise, and it’s crucial to communicate that to potential investors,” he said emphasizing the need for greater awareness of the region’s potential.
Looking ahead
Lagdameo is optimistic about Mindanao’s potential, especially as infrastructure improvements are underway. Projects such as the modernization of airports in Davao and Cagayan de Oro, along with the construction of major highways, are set to enhance connectivity and attract increased investment.
“As infrastructure improves, more businesses will consider Mindanao a viable destination,” he said.
He also expressed hope for more public-private partnerships to further enhance regional development.
While Damosa Land is not currently pursuing an initial public offering, Lagdameo said that the option remains on the table for future growth. “If our projects expand to a scale that requires us to raise significant capital, we wouldn’t rule out an IPO,” he said.
With a vision that balances immediate needs with long-term sustainability, Lagdameo’s leadership is not just about constructing buildings—it’s about fostering vibrant, resilient communities and promoting Mindanao as a region rich with opportunity. Through a combination of strategic development, sustainability, and advocacy, Damosa Land is poised to play a significant role in shaping the future of Mindanao.
