 Italpinas Development Corp. (IDC) has entered into joint venture agreements (JVAs), through subsidiaries IDC Homes Inc. and IDC Prime Inc., for the development of five new projects in Palawan, Pampanga and Boracay.
Three of these joint ventures will take shape in Puerto Princesa, Palawan, a city known for its natural beauty and commitment to sustainability. As one of the fastest-growing destinations in the country, Puerto Princesa presents an opportunity for IDC to introduce eco-conscious communities that align with the local government’s vision for sustainable tourism and urban development. These projects, which will be managed under IDC Homes, will bring Italian-inspired architecture fused with tropical design, offering a lifestyle that embraces nature without compromising comfort.
In Mexico, Pampanga, another IDC Homes project will rise on a 15-hectare property. This development aims to cater to the growing demand for sustainable and high-quality residences in Central Luzon, an area experiencing rapid economic and infrastructural growth. With Pampanga being a major hub for commerce and industry, this project is positioned to attract both homebuyers and investors looking for an environmentally responsible real estate option in a prime location.
Meanwhile, in Boracay, IDC Prime will spearhead a high-end seaside residential project featuring approximately 140 premium apartments. Boracay, one of the world’s most sought-after island destinations, has undergone significant environmental rehabilitation in recent years. IDC’s entry into this market is a testament to its ability to develop properties that align with both sustainability efforts and the increasing demand for luxury living in paradise.
"Tourism creates livelihoods and can transform local economies," IDC President Jojo Leviste said.
The five projects: Parco Leonardo, Miramare Residences, Verona Princess, Verona Puerto, and Verona Costa Verde will showcase contemporary Italian design and sustainable development.
IDC’s collaboration with the Co family—a powerhouse in petrochemicals, steel manufacturing, and large-scale land holdings—further solidifies its trajectory toward becoming a dominant force in Philippine real estate. The Co family's recent acquisition of a 15% stake in IDC not only strengthens financial backing but also provides access to prime land parcels, paving the way for large-scale, environmentally responsible projects.
IDC’s aggressive expansion signals a new era in property development, one where sustainability and profitability go hand in hand. By strategically investing in emerging locations, forging strong partnerships, and staying true to its eco-friendly principles, IDC is shaping the future of real estate, one green development at a time.
