MPueblo de Oro Development Corporation (PDO), the property development arm of the ICCP Group, remains optimistic about the real estate market in the Visayas province of Cebu, citing recent economic developments in the region and in the country.
“After Metro Manila, Cebu is well prepared to capture and benefit from the housing demand,” opined Ronald Allan Uy, PDO vice president and general manager for Visayas Operations. PDO has developed over 40 hectares in the province, including the 27.4-hectare Pueblo de Oro Townscapes Mactan in Lapu-Lapu City.
The company has spent over P400 million for its new projects within the township in 2022 alone, which includes the 3.7-hectare Park Place II subdivision and a three-level commercial strip. The company has invested a grand total of P2 billion for the Townscapes Mactan community to-date.
‘As part of our expansion plans, Pueblo de Oro has a pipeline of projects that are in the conceptual and planning stages for future development,’ said Uy.