Italpinas set to start Batangas project

Italpinas Development Corp., a listed property developer based in Cagayan de Oro City, said it expects to raise P1.4 billion in sales from a new residential development in Batangas province.

Italpinas said in a statement it earmarked P780 million to develop phase one of Miramonti, its first project in Luzon, in Sto. Tomas, Batangas.

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

“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 industrial parks,” he said.

Miramonti is the property firm’s third project after Primavera Residences and Primavera City in Uptown Cagayan de Oro.  It will also be company’s the biggest project.

“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,” Italpinas president Jojo Leviste said.

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

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-meter property.

It will offer  352 residential, 14 commercial and 88  parking units, combined with first-class amenities.

Miramonti will harness green strategies and will reflect authentic Italian design.

The company is currently applying for Edge (Excellence in Design For Greater Efficiencies) certification for the Miramonti project.

The Italian-Filipino green developer was recognized in the national and global arena in the field of architecture and design.

Aside from Miramonti in Batangas, Italpinas is also looking at other emerging cities such as Dumaguete, Davao, Mindoro, Pangasinan and Subic/Bataan as locations for future projects.

Published by the Mindanao Standard. 

Leave a Reply

Your email address will not be published. Required fields are marked *

Italpinas Development Corporation ™
Corporate Profile

Phone: +63 2 8893 0328

28th Floor Unit 28C, BPI
Philam-Life Building
6811 Ayala Ave, Makati City
Metro Manila, Philippines
Awarded by
Member of
Stay Up to Date With News, Inspirations and Events

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.