During the virtual press conference for the launching of the project on Friday (Feb. 18), Ricardo F. Lagdameo, the DLI president said the continuing drop of Covid cases in the region and the declaration of more relaxed alert level here and across the country is the right timing to launch the project.
“We wanted people to be in a better mood and feel comfortable when they come and have a happier launch,” he said. An official face-to-face launching was held at Pearl Farm, Friday afternoon.
Inspired by the US East Coast community, Bridgeport features low-density condominium buildings, premium open lots, a condotel, commercial area and events place, and an exclusive marina.
While homeowners can enjoy the scenic waterfront location and luxury of seaside life, the commercial area will also bring investment opportunities for accomplished individuals, Lagdameo said.
The condominium buildings will consist of 274 units while the 22 open lots measure about 400 to 600 square meters. It is on the residential and open lots components where DLI is projecting to generate up to P3 billion sales eyeing both local and foreign market, Lagdameo said.
Lagdameo remains confident on the sustainability of the project given the high demand in the real estate sector at the same time seeing the economy on its road to recovery after more than 18 months into the pandemic.
“It’s really a continuous plan. We will be adding new features as we go along. We look more on the commercial area while seaside commercial activity will come later on when there are more residents living in the area,” he said.
The project is targeted to start this year until 2024. DLI is expecting to start the turnover of Building A by the second quarter of 2025.
This year, DLI will invest heavily on residential and township projects, Lagdameo said. (BY JUDY QUIROS)
Photo: DLI
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