Italpinas Development Corp. (IDC) has secured a P350-million term loan agreement with the Development Bank of the Philippines (DBP) to partly fund the construction a project.
The green builder is using the money to finance the first phase of construction of the Primavera City project in Cagayan De Oro. The project is a seven-tower mixed-use development featuring office, residen ial, and commercial spaces.
MILLIONS of Filipinos have taken the option to work abroad to give their families a better life. Many of them have, in fact, decided to assume the nationality of the country where they work for decades. Still, a greater majority would prefer to return to their roots eventually.
GREENBUILDER Italpinas Development Corp. (IDC) said it has made a partial down payment of P1 million for a portion of land that it is buying for its Primavera City project in Cagayan de Oro City.
Primavera City is a seven-building mixed-use condominium development in Cagayan de Oro City that will offer residential units as well as some commercial and office components.
Certified green builder Italpinas Development Corp. (IDC) will shortly launch a new condominium development, where buyers will not only own a topnotch home, but also enjoy the benefits of an innovative solar-power system.
IDC’s Primavera City in Cagayan de Oro City is designed with an onsite solar-power plant component that should produce around 1.4 megawatts of power.