One Sunday, me and my friend had nothing to do. Boredom was really killing us so we decided to take a joyride. And because we’re tired of the usual sites of Limketkai and Ayala, we entertained the thought of going to SM City, a mall in CDO that I rarely visit. It’s not that I do not like SM but it’s just too far from home. I could even count in my fingers the number of times I visit that mall in a year. What a sight welcomed us in the Uptown. I was surprised by the developments that surround SM. It’s not that I am not aware of what’s going on in the city. I see pictures from time to time posted by my fellow bloggers and photo enthusiasts here in CDO. But the feeling was different when I saw Uptown that day that has rapidly escalated into a modern and classy community. Aside from high-end car showrooms and upscale subdivisions, I was bedazzled to see condominiums rising like mushrooms. There’s Primaverra and GranVia Suites. I know there are more coming as I see fenced lots with cranes and heavy equipment that are currently building more mid-rise real estate constructions that will again redefine Uptown CDO’s skyline. The progressive trend of condo living in the uptown may be caused by several factors. First, CDO’s population has continuously increased as more people from other provinces and cities have chosen to live here either temporarily or for good. As the center of economy in Region X, businesses and investments are here that created jobs and opportunities. Kids are also being sent here for education as CDO has the best colleges and universities. Second, even Kagayanons have decided to transfer in the uptown as the downtown has been experiencing floods, especially when Typhoon Sendong devastated the city. Third, condo living may be more appealing today because of the ease of maintenance as compared to a high-maintenance home. For those who puts safety and security as their top priority, condominiums have security measures with CCTV cameras, 24/7 fire alarm system, and security guards. Some condo developers offer Personal Access Card Key (PACK) to their residents that prevents unauthorized access to their units. And lastly, the location. These condominiums in the uptown are situated near SM City; schools like Xavier University Manressa Campus, XUHS, and Corpus Cristi; and chapels. Condo living in Uptown CDO addresses the needs of modern Kagayanons. These vertical residential offerings provide residents convenience by having all the things they need within reach. And with the increasing number of crimes in Cagayan de Oro, these well guarded condos with all the necessary security checks installed ensure peace of mind to anybody who lives there. So, having these comparative analysis, I now have an answer why condo units in the uptown are selling like pan cakes. Photos by Mike Sivintin Source: http://tsadagyud.com/
GREENBUILDER Italpinas Development Corp. (IDC) said it has made a partial down payment of P1 million for a portion of land that it is buying for its Primavera City project in Cagayan de Oro City. Primavera City is a seven-building mixed-use condominium development in Cagayan de Oro City that will offer residential units as well as some commercial and office components. In a disclosure to the Philippine Stock Exchange on Friday, IDC also said it has paid a reservation fee of P100,000 for the piece of land, which is located at Block 20, Lot 1, Pueblo de Oro Business Park, Carmen, Cagayan de Oro City. The company did not disclose the full purchase price of the parcel of land. Earlier this month, IDC announced that it is set to break ground on the Primavera City development in the second quarter of the year. It said construction of the building will be in various phases, and Phase 1 will involve construction of two towers with 11 floors each. The two towers of Phase 1 will have 337 units, of which 57 will be commercial units, 231 will be studio bedroom units, and 27 will be two studio-bedroom units. Last November, IDC vice president for banking and business development Harold Dacumos said that the development cost for Phase 1 is estimated at P670 million
Primavera City is IDC’s follow-up to its flagship Primavera Residences project, which is also in Cagayan De Oro. The said project was given recognition by the International Finance Corp. after it received the World Bank Group’s Excellence in Design for Greater Efficiencies (Edge) certification.
CERTIFIED green builder Italpinas Development Corp. (IDC) has set for this year’s second quarter the launch of its new huge and groundbreaking project—Primavera City—in Cagayan de Oro City. IDC made its mark in the real-estate industry as the first Philippine company certified by the International Finance Corp. (IFC)-World Bank Group Excellence in Design for Greater Efficiencies (EDGE) for its flagship project, also in Cagayan de Oro City, the Primavera Residences. IDC Chairman and COO Romolo Valentino Nati, an Italian architect, said Phase 1 of Primavera City involves the construction of two towers of integrated multifunctional buildings (commercial, office, residential) project with 11 floors each. Located at the Pueblo de Oro Business Park, Upper Carmen, Cagayan de Oro (near SM City Cagayan de Oro), the project entails an investment of P653 million. “Primavera City is a fitting follow-up to our highly successful and multiawarded Primavera Residences, which caught the fancy of not just Filipino, but even foreign buyers and property experts for its modern Italian design infused with eco-friendly architecture,” Nati said. The grand launch will be in the second quarter, and start of construction of the Primavera City Phase 1 is during the third quarter of 2016. IDC targets the completion of the project and the turnover of its units to their owners by the third quarter of 2018. IDC President Jose D. Leviste III said the two towers of Primavera City Phase 1 will have 337 units: 57 of them commercial units, 231 are studio type, 22 are one-bedroom units and 27 are two-bedroom units. Their average sizes are 50 to 60 square meters (sq m) for commercial units, 28 sq m for studio-type units, 47 sq m for the single-bedroom units, and 70 sq m for the two-bedroom units. “We will conduct extensive marketing for our target buyers that include employed and/or self-employed individuals with gross family income of at least P50,000, such as local entrepreneurs, small- and medium-sized enterprises, overseas Filipino workerss, young professionals and retirees, among others. With Cagayan de Oro City now an emerging tourism and investment destination in the country, Primavera City is a great buy, not just for first-time homeowners, but also for investors,” Leviste, a lawyer, said. Nati said Primavera City is envisioned to be another IDC award-winning sustainable-development project, with its passive green features, such as increased natural ventilation, shaded façade and semi-transparent photo-voltaic panels covering the amenities located on the rooftop, among others. The project has been recognized as highly commended condo by the Climate Technology Initiative Private Financing Advisory Network in Singapore in 2014. IFC Global Green Building Specialist Prashant Kapoor, IFC World Bank Legal Advisor and IFC Philippines head of Green Building Program Tess Lacerna and IFC Country Manager Jane Xu awarded the certificates to Primavera Residences Tower A and B as the “First Completed Condominium Project in East Asia Certified by EDGE.” EDGE is an innovation of the IFC-World Bank Group. It helps property developers build and brand their properties “green.” It is the highest and most desirable program in the international real-estate industry. EDGE is supported by a software that encourages solutions to reduce energy, water and energy consumption by at least 20 percent, which is the standard for EDGE certification. IDC has notched a series of milestones and achievements. It recently had its successful listing at the Philippine Stock Exchange. Source: Business Mirror