Developer to launch Batangas project

Italpinas Development Corp. (IDC) said it is now preparing to launch the first phase of its Batangas project, Miramonti, worth P780 million.

“We already have secured permits and other documents. We are now awaiting only the license to sell (LTS) before launching the Miramonti project,” said Romolo Nati, IDC chairman.

IDC expects to generate revenues of P1.4 billion from the project. “We chose Batangas because the place is booming. It is one of the most progressive provinces in the country. The strategic location of Sto. Tomas is one thing also that attracted us. It is near to industrial parks and it has an amazing view in 360 degrees,” said Nati.

Miramonti is IDC’s third project after Primavera Residences and Primavera City in Uptown Cagayan de Oro, with Miramonti the biggest project so far. “We are looking forward to serving Luzon for the first time. We have met with the brokers and they are excited as well to market the project,“ said Jojo Leviste, IDC president. 

“Many people are looking for a place to live outside but near Metro Manila. Sto Tomas and Miramonti are placed right at the hub of these expressways connecting to the Metro area. Accessibility is one of the project’s defining characteristics,” he added.

The Miramonti project will consist of three towers and will be developed in two phases. The first phase, which comprises one tower sitting atop of a podium structure, will sit over a 2,057 square meters of land area. It will offer 352 residential, 14 commercial, and 88 parking units, combined with amenities, such as fitness center, swimming pool, playground, among others.

Nati said the company has its own property management partner, Damiani Property Management and Services, Inc. to help its clients acquire passive income through rentals of the property.

Miramonti will harness green strategies and will reflect IDC’s authentic Italian design. IDC, in less than a decade of experience, has been recognized in the national and global arena in the field of architecture and design,” said Nati.

Published in the Malaya Business Insight. 

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This material and this presentation have been provided by IDC Development Corporation and is a general background on IDC current activities at the date of this presentation. The information is given in summary and does not purport to be complete. This presentation may contain forward-looking statements, including statements regarding our intent, belief or current expectation with respect to IDC businesses and operations, market conditions, and anticipated results of operation. IDC does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after date hereof to reflect the occurrence of unanticipated events. While due care has been used in preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts any hypothetically examples are subject to uncertainty and contingencies outside IDC’s control.