DAVAO CITY—The Phinma Corp. subsidiary company launched Friday a top-tier luxury residences which it promised to showcase heritage and artistry.
The Likha Residences Davao said its third foray into Mindanao here is carving out an elite community of only 94 designer townhomes at the northern suburbs only 8 kilometers from downtown Davao.
The company said that this exclusive community would demonstrate “Filipino craftmanship and innovation.”
“Likha Residences Davao is more than just a luxury development: it is celebration of Filipino heritage and artistry,” the company said, as it disclosed of tapping the services of celebrated Mañosa and Co., the architectural firm founded by the late national artist for architecture Francisco Mañosa.
Set at price range upwards of P20 million per unit, the Likha Residences Davao of the Phinma group of companies said the townhomes would be constructed from indigenous materials to traditional motifs “as Likha Residences pays homage to the country’s architectural heritage.”
Alice dela Peña Villanueva, the company’s head of sales and marketing, said the construction would continue the legacy of strength of its two previous projects here which she said had been tested of their resilience to the series of strong earthquakes during the decade.
The strong earthquakes of magnitude of more than 6 during the last five years led to the collapse of one floor of a 5-story condominium, abandonment of two high-rise condominium buildings over dangerous cracks, and the damages to the other high-rise commercial buildings here.
Villanueva said the company’s decision to construct the pricey townhomes indicate the posturing of business families and corporate individuals to a “revenge spending” after the Covid-19 pandemic. “It could be likely, aside from there are already inquiries and interest from all over to own their own units here.”
The Phinma Properties first established its foothold in Mindanao here in 2013 when it constructed in Dona Pilar, Sasa, the mid-rise Arezzo condominium, which sold out by the middle of 2022. Last year, it ventured into its second project, a combination of townhomes and single attached units in Tugbok, northwest of downtown.
Outside of Metro Manila, the Phinma Properties have also residential and township projects in Bacolod and Cebu in the Visayas.