Eco-friendly Real Estate developer Italpinas Development Corporation, through its Cagayan de Oro Branch Office at Uptown Cagayan de Oro, recorded a 467% increase in sales reservations last May 2020 (compared to the same month last year). This was another record high for the company, achieved despite the on-going pandemic.
“The first semester continues to be encouraging. We are not seeing any kind of reduction in terms of the demand in the market. The market remains quite healthy. We want to thank our valued clients and our committed sales force for showing their support throughout.” said Ms. Gladys M. Echano, IDC- Sales Director
The coronavirus pandemic has been, to say the least, grim for businesses. Widespread layoffs and furloughs have prompted about 17 percent of the country’s unemployment rate. But during this upheaval, Cagayan de Oro IDC Sales Office has been thriving because of dramatic shifts in consumer behavior on green building’s health benefits and investment purposes.
IDC said its property sales have been “encouraging” in the first semester of the year, giving the company confidence that it can at least match last year’s growth. The company believes in times like this IDC’s environmentally friendly developments are more relevant than ever. IDC will focus on optimizing its existing portfolio of investment properties namely Primavera City at Uptown Cagayan de Oro.
The company currently has two major projects. Primavera City in Cagayan de Oro is a cluster of seven buildings to be developed in four phases. Miramonti Green Residences, on the other hand, is located inside Light and Industry Science Park in Santo Tomas, Batangas, and will be developed in two phases.
Citta Bella, the second phase at Primavera City, is the newest building. It is the next eco-friendly building that will rise at Primavera City’s Uptown Cagayan de Oro location, along the junction of P.N Roa Ave. and Masterson Ave. The first phase at Primavera City, (called Citta Verde) is in ongoing construction, with completion targetted before the end of this year. Phase 3 is Citta Grande, which is now in permitting stages. The last Phase (Phase 4) will be Citta Alta. With its unique design philosophy, IDC™ is committed to sustainable developments in harmony with the environment to bring value to investors, end-users, and the community. Being first movers in this field, IDC™ has proven its concept with the success of its projects.
Receive email updates from Mindanao Daily News.