Condominium projects are sprouting all over Cagayan de Oro City nowadays – thanks to the growing economy of the Philippines – more investments are spilling over the city.
With so many options, newbie condo buyers will have a hard time choosing and deciding on what to buy.
But one thing that most condo buyers seldom consider in deciding to have their first units – that I learned when my family bought a condo unit in Metro Manila back then – is the monthly maintenance cost.
Primavera City by IDC
The upcoming Primavera City of Italpinas Development Corporation (IDC) is the true answer to having a state-of-the-art yet a low maintenance condo unit.
Powered by its own solar power plant, owning a unit on this condominium project will definitely have a lower monthly maintenance cost as the management could produce green energy from the sun which they will pass on to the condo units.
The innovative design of the building lessens its dependence on expensive power from the local grid.
IDC President Jose “Jojo” D. Leviste III said that by investing in an economically sized solar-power system, the residents of Primavera City will enjoy a lowered cost of living as the system contributes solar power to the building’s various functions.
The Primavera City will launch in the second quarter of this year and its Phase 1 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). Phase 1 of the project entails an investment of about P653 million for 2 towers. When fully completed, Primavera City will have 7 green buildings including a high rise tower.
The first two towers of Primavera City Phase 1 are designed to have 337 units, 57 of them commercial units; 231 are studio-type; 22 are one-bedroom units, 27 are two-bedroom units and around 100 parking slots.
Their average sizes are 50 to 60 square meters for commercial units, 28 sqm for studio-type units, 47 sqm for the single-bedroom units, and 70 sqm for the two-bedroom units. This would surely be an exciting condominium project in the city that’s worth investing in.