Samal Island is Mindanao’s hidden gem. An island garden with lush foliage and amazing views of the sea, it has traditionally been known as a destination for tourists. Yet only a few have recognized that Samal has also become a perfect investment opportunity, providing luxurious seaside living amidst a fast-growing economy.
Boosting the economy
Pearl Farm is a famous beach resort developed by ANFLO Group in Mindanao. Damosa Land, a subsidiary of the ANFLO now aims to build an East Coast Hampton-like marina development that will serve both as a sanctuary for sea lovers, as well as a residential and commercial hub.
Called Bridgeport, this 13-hectare low density mixed-use development will feature a condominium, premium open lots, a condotel, commercial and dining areas, and a marina.
Damosa Land, through Bridgeport, seeks to further boost Davao’s economy and the tourism industry of Samal Island through its sustainably-built township that offers families a taste of the luxurious marina lifestyle.
“We have integrated sustainability into our various operations and development projects, said Damosa Land President, Ricardo F. Lagdameo.
“This ranges from ensuring the livelihood and access to better health services of our people and their families, to adopting environmentally sound practices from the construction up to the management of our properties.”
Next investment opportunity
With the local tourism industry bouncing back, Department of Tourism (DOT) Director Tanya Rabat-Tan noted that there has been a rise in interest in ecotourism and nature-based tourism in Samal Island.
“Samal is currently our region’s top tourist destination for sun and beach,” said Rabat-Tan. “But Samal is a complete package. There are eco-adventure, culture and nature-based tourism sites that are worthy to be visited when on the island.”
Investors have begun to purchase property in Bridgeport. Among them is Atty. Ryan Lofranco, who professed admiration for Bridgeport’s marina development. More than the promise of peace and quiet, he shared that he was attracted to Damosa’s consideration for the environment, as evidenced in its efforts not to crowd the area with structures.
“Hindi masikip,” he explained, adding that “Damosa Land is giving a product that has a better return on investment. We do not just look at the money we make, but also the qualitative aspect in terms of health, the serenity of the place, the prestige.”
The Samal Island – Davao City Connector project recently held a groundbreaking ceremony led by President Ferdinand Marcos Jr. and Vice President Sara Duterte to mark the commencement of the construction of the 3.98km bridge (photo 1).
“In 2027, this bridge will ease the convenience of travel and transport, bringing forth gainful opportunities for many of our people by providing a link between far-flung areas and economic centers,” said President Marcos.