Pueblo de Oro Development Corp. (PDO), the property development arm of the ICCP Group, is on track to completing its 27.4-hectare township in Lapu-Lapu City in Cebu.
Pueblo de Oro vice president and general manager for Visayas Operations Ronald Allan Uy said Cebu remains one of the most important provinces in the country in terms of progress and development.
Thus, the company launched another residential project in the area as part of the development.
The 3.7-hectare Park Place II in Babag, Lapu-Lapu City is the third exclusive subdivision in the Cebu township now dubbed as “Pueblo de Oro Townscapes Mactan.”
The latest development adds to the 13.5-hectare La Aldea Del Mar and the eight-hectare Park Place residential developments.
Park Place II offers 194 single attached housing units, with three bedrooms. The regular lot size is 88 square meters with a total floor area of 106.5 square meters. Prices are estimated to start at P5.5million per unit.
The master planned Townscapes Mactan has a total development cost of over P1.63 billion.
As part of the development of the township, PDO is also developing the Pueblo de Oro Townsquare, a three-level commercial strip due to start operations by the fourth quarter of this year.
The nearby community mall will provide residents with the ease and convenience of shopping for their daily needs.
A second building is planned for 2023.
Future developments within Townscapes Mactan include the soon-to-rise Pueblo de Oro Storeys Lapu-Lapu Condominiums. The four-building, six-storey project will house 450 Modern Asian-inspired units. Its first building is projected to be completed by 2025.
Uy said the economy in Cebu is vibrant and is expected to grow further as coronavirus restrictions ease and as the province recovers from the effects of Typhoon Odette.
“The province itself is also full of natural beauty, and we are honored to have the opportunity to offer quality housing projects so that homeowners can share in the splendor that Cebu has to offer,” he added.
PDO township in Cebu is 700 meters away from the Cebu-Cordova Link Expressway (CCLEX) T-intersection and is an easy 15-minute drive to and from Cebu City.
In the last quarter of 2021, PDO launched Townscapes Malvar – a 42-hectare residential, institutional, and commercial project, which completes the ICCP Group’s 212-hectare ‘live-work’ community development in Malvar, Batangas.
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The article was originally published in The Philippine Star – Property Report PH and written by Iris Gonzales.