PUEBLO DE ORO Development Corp. (PDO) is planning to launch three projects in Cagayan de Oro this year.
In a statement on Monday, the company said it is targeting to launch residential condominium Westwood Storeys and economic housing development called La Aldea del Rio in Barangay Lumbia by the third quarter.
Westwood Storeys will be located in the elevated part of its 14- hectare Westwoods subdivision, which is part of the company’s 400-hectare township in Cagayan de Oro.
“Westwoods is a showcase of what can be achieved when a prime piece of land, bold vision, and sound architectural and engineering practices intersect — an environmentally rich community at the heart of a bustling metropolis,” PDO President Rhoel Alberto B. Nolido said.
The subdivision is surrounded by a rainforest, with Tagmatay Creek dividing the 40-hectare greenery. Westwood houses are designed with elements that highlight natural light and natural airflow.
Meanwhile, PDO is also on track to launch a 9-hectare, high-end residential community, Southridge by the end of the year. The project will be overlooking the company’s golf course in Cagayan de Oro.
PDO said it acquired 100 more hectares of land in Batangas. It also plans to create new housing products, like mid-rise buildings in its existing townships in Cagayan de Oro and Cebu.
It also started creating commercial centers that also feature open-air and more spaces for residents in its communities in Cagayan de Oro, Cebu, and Batangas.
“At Pueblo de Oro, product quality, sustainability, and inclusivity will always remain at the heart of the residential developments we undertake. These values become even more important today when the environment globally and locally is transitioning to a new normal,” Mr. Nolido said.
In 2021, PDO’s net income grew 45% to P167 million year on year, while its revenues went up 14% to P1.24 billion. The company said this is an affirmation of its strategy to pursue developments in “high-growth hubs” outside Metro Manila. — Keren Concepcion G. Valmonte
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The article was originally published in Business World and written by Katrina Domingo.
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