[ bworldonline.com ]
Pueblo de Oro Development Corp. (PDO) targets to develop more
residential projects in the future as it looks to contribute to the
housing sector in addressing the housing backlog in the country.
In a statement issued Wednesday, Sept. 5, the property unit of
Investment & Capital Corporation of the Philippines (ICCP) said
among the projects it has in the pipeline is a 40-hectare residential
subdivision in Malvar, Batangas.
To be launched in the fourth quarter of 2019, the project forms part
of the 250-hectare “live-work” community being developed by its sister
firm, Science Park of the Philippines, Inc.
PDO said it chose to expand in Malvar due to the projected influx of
locators in the area from Southeast Asian countries in the following
years.
“With ASEAN integration and the pick-up in the economy, we expect
more multinationals and industrial locators to come in and setup in
areas outside Metro Manila such as Batangas,” PDO President Rhoel
Alberto B. Nolido said in a statement. — Arra B. Francia
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