SUN STAR NEWS, 11 OCTOBER 2016
Green property developer, Italpinas Development Corporation (IDC) is set to construct its new project, Primavera City, with a Php 653 million investment.
On October 1, 2016, the construction of the first phase of the project kicked off during its “Cornerstone Laying Ceremony,”at its site located in Macapagal Drive, Pueblo de Oro Business Park, Cagayan de Oro.
In today's Delta News: IDC's Chairman & CEO, Architect Romolo Nati, talks about the company's plans to build green developments in Davao City.
Design-driven developer Italpinas has reported a 142.9 percent increase in net income last year on the back of its pioneering project in Uptown Cagayan de Oro.
The company recorded net sales of R216 million for the two-tower condo, a 62 percent increase year-on-year, as of the end of fiscal year 2015.
Likewise, Italpinas said that 82 percent of the 328 units in both towers have already been sold, with only six remaining in the first.
Listed developer Italpinas Development Corp. was recently awarded the Leadership in Sustainability Design Award by the Philippine Green Building Council for its pioneering Primavera Residences project in Uptown Cagayan de Oro, and will represent the country at the coming World Green Building Council Asia Pacific Regional Network Leadership Awards for the same category.