Davao City—A P4-billion mixed-use condominium project, considered the biggest construction project being undertaken by a local contractors’ group, remains on schedule despite the disruption caused by the Covid-19 pandemic.
The Legacy Leisure Residences of the consortium of the Yap and Bangayan families assured its investors it will be able to deliver the project on its target date.
“We are adhering to the construction timeline and can deliver on target date. There is no delay on the construction timeline,” said Wesley Bangayan, vice president for marketing of Legacy Leisure Residences.
The project’s contractor has resumed working on the foundation of Tower 2, the first building being erected, he said. The ground has been cleared, flattened, and mapped out.
“At this stage of the construction, much of the workload is machinery reliant and we are maximizing its usage. The work force is fewer which means health protocols, like social distancing, is not an issue. Once the 7:00 pm curfew is lifted, construction hours can be extended,” he added.
The resort-type condominium project along Ma-a Road, some 7 kilometers west of downtown, broke ground on January 30 of this year. A month after, in March, Malacañang placed the country on nationwide lockdown and stopped all economic activities, including construction.
In May, the restrictions were eased, which allowed construction to resume, but with strict adherence to safety protocols.
“The temporary halt did not cause any disruption to our construction schedule. If there was, it was minor. It’s something we can address immediately. We are confident that we will meet the deadline of Legacy Leisure’s first deliverables in the second quarter of 2024,” Bangayan said.
The Legacy Leisure Residences is a P4-billion project by CrisRon Holiday Inc., a joint venture by the Bangayan and Yap families here. The 2.8-hectare project would feature four buildings with 15 stories each. It will house spacious units measuring 37.35 square meters for a typical one-bedroom unit, 76.35 sqm for a 2-bedroom unit and 136.5 sqm for a 3-bedroom unit.
Of the total area, 70 percent would be allotted to open space to include the resort and sports facilities like an Olympic-size pool, water theme park, spray park, jogging track, tennis court, basketball court, pitch and putting green.
Included in this space allotment are the green spaces and community facilities like the parks and playground, barbecue area, the club house, function halls and a commercial strip with curated retail shops to cater to its residents, Bangayan said.
“In terms of investment, real estate is always a wise decision no matter the economic situation. Today will be a good time to reserve your units at Legacy Leisure Residences and avail of the easy payment scheme at the opening price offering. By November 15, we are scheduled for a price increase.”
The company urged interested buyers to visit the Facebook account of Legacy Leisure residences or its website.
“Investing in real estate is always a winning situation. With or without a pandemic, construction in Davao would thrive. We are a developing city and with the numerous ongoing projects, and more in line, construction is one of top drivers of the local economy.”