Cagayan de Oro City uptown area is the new place to be. With its clean and flood-free advantage it would be the next business hub of the city.
Primavera City is a groundbreaking project of Italpinas Development Corp. (IDC) which is situated at Uptown Cagayan de Oro City. With its eco-friendly building features, it is getting good reviews from property experts and also due to its prime location.
“One of the goals of IDC since its birth is to be a catalyst of growth and sustainable development in the country’s emerging cities. This is why we choose our locations carefully; we want to put our unit buyers and investors at the heart of the next center of development in a city. That vision is exemplified in the Primavera City,” IDC Chairman and COO Romolo Valentino Nati, an Italian architect, said.
Consider this: Primavera City is in a master-planned community 110 meters above sea level, within a preserved rainforest, and in the middle of major establishments in the uptown area, such as SM CDO Mall, Xavier University- Ateneo de Cagayan, the world-class Pueblo de Oro Gold Course, Manresa Farm, regional offices of Department of Education, Department of Interior and Local Government, Department of Social Welfare and Development, hotels and banks.
“Our property is located in the area where major developments are ongoing or headed, such as government offices, BPOs, regional bank offices, hospitals, Xavier University world-class sports complex, and the construction of a major road leading to Bukidnon and another to Laguindingan from the uptown area of Cagayan de Oro,”IDC President Jose “Jojo” D. Leviste III said.
Leviste, a lawyer, stressed Primavera City is perfect for both first time home buyers and investors, as it is now being trumpeted by business organizations as a premium location.
For business locators, the Primavera property is an accredited site of the Philippine Economic Zone Authority (PEZA). This means they can enjoy fiscal and non-fiscal incentives given by the government through PEZA, including up to eight years of income tax holidays and the option to pay the lower 5-percent income tax in lieu of all national and local taxes, plus the hiring of foreign nationals, among others.
Located at the Pueblo de Oro Business Park, Upper Carmen, Cagayan de Oro (beside SM City Cagayan de Oro), Phase 1 of the project entails an investment of about P653 million for two towers. When fully completed, Primavera City is planned to consist of seven green buildings including a high-rise tower.
The two integrated multifunctional buildings (commercial, office, residential) with 11 floors each of Primavera City Phase 1 is set to be launched in the second quarter of the year. It is designed to have 337 units, 57 of them commercial units; 231 are studio-type; 22 are one-bedroom units, and 27 are two-bedroom units and around 100 parking slots in the basement. Their average sizes are 50 to 60 square meters (sqm) for commercial units, 28 sqm for studio-type units, 47 sqm for the single-bedroom units, and 70 sqm for the two-bedroom units.
Uptown CDO is only 45 minutes away from Laguindingan Airport. There are residential establishments in the area, including the Xavier estates and Pueblo de Oro Township. It is a traffic-free and secure location, with police and fire stations located within the area. It is a preferred location of the expat community.
“CDO is the place to be right now down South. It ranked as the 2nd in the next wave cities of the Philippines according to the Department of Science and Technology-Information and Communications Technology Office (DOST-ICTO), 3rd in the select group of 10 in the Fastest Growing Cities in the Visayas and Mindanao area, and the 2nd on the list of 10 Most Livable Cities in Mindanao,” Nati emphasized.