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Italpinas reaps top developer award

Italpinas Development Corp. (IDC), a publicly listed sustainable developer, was recently awarded by BPI.

IDC bagged BPI’s Top Developer in Provincial Category, landing as Top 1 developer in Cagayan de Oro and Top 4 developer nationwide at the recent BPI FAMILY SAVING BANK Partners Night 2021 in recognition of partnerships with BPI for the year 2020.

“Our passion in bringing design-driven sustainable architecture to emerging cities has always been the driving force of IDC. Combined with an excellent bank partner and thriving sales performance, we were able to push through and grow more amidst the challenges of last year” said Ms. Clara Marie Asuncion G. Elizaga, IDC Director for Corporate Affairs and Operations. 



The coronavirus pandemic has been, to say the least, grim for businesses. Widespread economic challenges resulted in around 17 percent unemployment rate throughout the country. But during this time, IDC’s Cagayan de Oro Sales Office has been thriving because of dramatic shifts in consumer behavior, based on the merits of green building for health, lifestyle and investment,

“First of all, we would like to thank our valued bank partner BPI Family Bank for the support. BPI Family Bank and IDC has maintained a good relationship which evolved even stronger through the years. This synergy benefitted their customers in terms of quality, friendly and responsive products and service ” said Mr. Harold Dacumos,  IDC SVP for Banking and Business Development Operations. “We always had good relations and dynamic communications with BPI, which serves as key to our good performance” shared Ms. Shushiela Villorente, IDC’s Loan Processor. 

IDC said its property sales have been “encouraging” in the first semester of 2020, giving the company confidence that it can at least match last year’s growth. The start of 2020 was challenging as a whole but IDC sees growth at hand as

it focuses on optimizing its existing portfolio of investment properties namely its Primavera City project in  Uptown Cagayan de Oro.



The characteristic design of the Primavera City, which distinguishes all IDC’s developments, is the integration of architectural features for saving and generating energy. 

Primavera City was also a winner of the Best Mixed-Use Development category at the prestigious International Property Awards Asia Pacific 2017-2018. The Asia Pacific Property Awards is a highly recognized international awards program adjudicated by independent panels composed of 70 industry experts whose criteria include design, quality, service, innovation, originality and commitment to sustainability. In addition, last September 2020, Primavera City’s first phase, called ‘Citta’ Verde’, also achieved Preliminary Certification from EDGE (“Excellence in Design for Greater Efficiencies,”) which is the green building certification body of the International Finance Corporation and the World Bank.


Article and Photo originally posted by Property Report Ph last April 5, 2021.