After closing a volatile but ultimately record-breaking 2025, Damosa Land is entering the new year with a sharpened strategy, fresh capital commitments, and a development pipeline defined less by aggressive expansion and more by disciplined execution.
The Davao-based property developer is set to begin construction of its TRYP by Wyndham condotel as early as next week, marking its first major milestone for the year and its initial foray into the condotel segment. The project signals continued confidence in Mindanao’s long-term growth story, even as broader market sentiment remains cautious.
“Overall, 2025 was good for the company. We still hit our all-time high in terms of revenue,” said Ricardo Lagdameo, president and chief executive officer of Damosa Land. He described last year as one shaped by external uncertainty that forced the company to recalibrate expectations midstream. Election-related caution and shifting investor sentiment made selling more challenging, but the company responded by reinforcing the fundamentals of its projects and the investment case for Davao and Mindanao.
That experience has informed Damosa Land’s posture for the year ahead. Rather than pushing volume, the company has opted for selectivity. “We decided to be a bit more conservative compared to last year,” Lagdameo said, noting that each project launch is now more carefully timed and positioned.
The TRYP by Wyndham project exemplifies this approach. While some industry observers have flagged softer tourism numbers, Damosa Land is proceeding with the project, guided by a business model aimed at yield-seeking investors rather than pure hotel occupancy. The condotel targets domestic travelers, which Lagdameo views as a deep and resilient market. “Let’s cater to 120 million Filipinos rather than four million foreign tourists,” he said, adding that pre-selling interest since December has been strong.
Residential sales remain the backbone of the company, contributing about 70 percent of revenues. Still, Damosa Land’s expanding portfolio of recurring income assets continues to strengthen earnings visibility. The company maintains one of the largest office portfolios in Davao, with occupancy levels above 90 percent. Unlike parts of Metro Manila, the office market in Davao has remained stable, supported by steady demand from business process outsourcing firms and local enterprises.
The industrial segment has emerged as another bright spot. At the Anflo Industrial Estate, ready-built factory facilities reached full occupancy for the first time in a decade. Several locators that signed leases last year are expected to begin operations in 2026, providing additional momentum.
To support its pipeline, Damosa Land has lined up a capital expenditure budget approaching P1 billion for the year. This will fund new launches and ongoing developments, including Kahi Estates, its highest-end residential subdivision to date; continued build-out of the Agriya township; upgrades at Damosa IT Park; and the construction of a school within Agriya to be donated to the University of the Philippines.
With roughly 100 hectares in landbank and about 90 percent of its projects concentrated in the Davao region, Damosa Land remains firmly rooted in Mindanao. Expansion into growth centers such as Cagayan de Oro and General Santos continues, but the company is in no rush to move beyond the region. For Damosa Land, patience, discipline, and long-term value creation remain the guiding principles as it builds on a record year with measured confidence.
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