‘Italpinas Best Deal Ever’ unveils this October

Posted by Stefan on October 5, 2015

Do you want to invest in a multi-awarded condominium development in Cagayan de Oro at the most reasonable deals? This month, Italpinas’ flagship development, Primavera Residences, offers a high-end kitchen modular system from October 1-31, 2015!

In a regular package, buyers get unfurnished units with inclusions of tile floorings, painted walls and ceilings, fitted kitchen sinks, bathroom fixtures, electrical wirings and outlets; however, this month of October, buyers are offered a FREE Kitchen Modular System!

“At Primavera, we always make sure to please our clients not only with world-class units and facilities but also with our promo offerings; that aside from the already affordable rates, we strive to make it even more reasonable. Indeed, today is the best chance to invest in Mindanao’s first and only multi-awarded eco-friendly building,” Gladys Magadan-Echano, Sales Director, expressed.

Primavera Residences is known for its energy-saving features that include cantilevers to protect the units from direct sunlight, and an indoor courtyard that maximizes the natural ventilation in the area. Just recently, solar panels that provide additional energy for the building’s common areas are already installed on the building’s rooftop. The building is also designed to withstand earthquakes and extreme weather and boasts of 24-7 security.

“We are not just giving them discounts but we give them the real thing. We want to add more value to our investors’ purchase; that it will not just be profitable, but they will also help the environment by purchasing from a development that is eco-friendly,” Echano stated.

Primavera Residences, the first development of Italpinas Development Corporation (IDC), is a 10-storey, two-tower building located at Pueblo de Oro Township offering residential, commercial and office spaces for lease and purchase. All units in the first tower are ready for occupancy while the second tower is slated to be completed this year. Buyers may choose from studio, one-bedroom and two-bedroom units.

Hurry! We only have few units left!

Do you want to know more about Primavera Residences? You may reach them at 0917 794 2221 or (088) 880-5002. You can also visit their website at www.primaveraresidences.com.

Primavera Developer sets P242-million IPO in 4th qtr

Posted by Stefan on September 14, 2015

Italpinas Development Corporation (IDC), the Italian-Filipino green property developer of Primavera Residences, sets its planned listing of P242-million initial public offering (IPO) on the Philippine Stock Exchange (PSE) on the last quarter of 2015.

Recently, IDC filed on August 28 an amended prospectus with the Securities and Exchange Commission (SEC). The company plans to raise P242 million from the offering of 57.622 million primary common shares to the public, priced at a maximum of P4.20 per share.

The number of shares to be sold, according to the prospectus, is equivalent to 26% of the company’s outstanding capital stock and 74% is under the names of the current shareholders.

Its major shareholders include Jose Leviste, Jr. (49.67%), Italian architect Romolo Nati (40%) and Jose Leviste III (4.76%).

IPO proceeds will finance Italpinas Development Corporation’s upcoming mixed-use sustainable development in Cagayan de Oro, Primavera City. After Primavera Residences, a new elegant high-rise and eco-friendly building in Cagayan de Oro offers the distinctive quality of living in an Italian-designed building with metropolitan standard development. Primavera City aims to be the landmark in sustainable developments as the combination of natural ventilation, solar energy, external louvers, water recycling, rain harvesting, and other green features exudes the exteriors and interiors of the property.

IDC will have a market capitalization of P930.8 million post-IPO from the current P480.68 million. Unicapital Inc. is appointed as the issue manager and sole underwriter of the transaction.

The expected net proceeds of P220.8 million after listing related expenses and taxes will supply the capital expenditures (capex) for new projects (P120.68 million); land banking acquisition (P47 million); retirement of existing loans (P20 million); and general working capital (P33.12 million). Proceeds of the IPO will be used in the fourth quarter of the year up to 2016.

Primavera Residences EDGE Certification

Recently, Autif Sayyed, Regional Green Building Specialist for the East Asia Pacific Region at International Finance Corporation (IFC), visited Primavera Residences to complete the stages of the building’s EDGE (Excellence in Design for Greater Efficiencies) certification as he recognized the building’s outstanding initiation and implementation of the green features.

EDGE is a new building resource efficiency system created for emerging markets, providing clients with technical solutions for going green and captures capital costs and projected operational savings.

Pueblo de Oro Golf Club official Golf Partner of Primavera Residences

Posted by Stefan on August 27, 2015

On August 18, 2015, Primavera recently established partnership with Pueblo de Oro Golf Club as the green condominium development’s official golf partner. Pueblo de Oro Golf is an 18 hole, par-72 championship golf course intricately designed by Architect Robert Trent Jones II International.

The golf course was inaugurated on May 5, 1998 by President Fidel Ramos and was heralded as one of the finest in the Philippines with a majestic driving range, clubhouse, and tee houses. Strategically placed sand bunkers and grass add to the variety of challenges in this course.

“Our partnership with Pueblo de Oro Golf Course is just one of the add-ons that we give our tenants. We aspire to always provide them with the best options and deals,” Melissa San Jose, IDC general manager, said.

As the first eco-friendly property in Cagayan de Oro, Primavera Residences is a front-runner in promoting and supporting green advocacies and projects in the city. Also committed in sustainable properties, Primavera makes sure to fully support projects that stimulates environmental campaigns in the city.

Primavera Residences’ developer, Italpinas Development Corporation (IDC), won numerous local and international awards for its contemporary design with natural airflow through inner spaces, and architectural elements designed precisely for the location’s latitude to shade the building’s surface from the sun throughout the year. The project has been cited as one of Asia’s top 10 clean energy projects because of its capacity to help residents save as much as 32% on air-conditioning energy consumption.

Primavera Serviced Residences offers long and short term stay

The 10-storey condominium property in uptown Cagayan de Oro offers serviced apartments with hotel-like services that are a less expensive and homier option for visiting businessmen and travelers and golfers.

All the units for rent are fully fitted with kitchen, cable TV, refrigerator, and air conditioning. Amenities include a green inner courtyard for natural lighting and ventilation, 24-7 security, CCTV, indoor pool, gym, function hall, laundry station, and twin elevators. Located in the booming business and commercial area in uptown Cagayan de Oro, it is just walking distance to SM City CdO, and easily accessible to public transportation, and Pueblo de Oro Golf Course.

“This coming August 27-30, Pueblo de Oro Golf is holding a tournament. I’m inviting all golfers to join the event and experience “Higalaay”. As you join this prestigious gold tournament, make Primavera Residences your home as we have prepared exciting promos just for you,” San Jose concluded.

To know more about Primavera Residences and its partners, you may reach them at (088) 880-5002, (+63) 917 864 4061, or email them at leasing.pso@italpinas.com. You can also access their website at www.primaveraresidences.com.

10 Ways to be Eco-friendly this Summer

Posted by Stefan on April 10, 2015

Oh hello there, Summer! This is the season where most of us go for a vacation, rest at home, watch movies, go trekking, and seek for more adventure and fun. However, no matter how extravagant or economical we want our summer to be, there will always be ways on how to make this season a little more eco-friendly.

Here we go:

Use natural lighting. Why use unnecessary light in your house or workplace when all you need to do is open your windows or blinds during the day?
Get indoor plants to purify the air you’re breathing inside your home. Aside from it will liven up your home, indoor plants fight indoor pollution which is often worse than most of us realize.
Start your own backyard garden. It’s time to grow some fresh fruits and vegetables. They are organic and they also taste better. By growing your own organic food, you can save your car’s gasoline and money as well.
Eat at home. Get away from processed food and start making more meals at home. It’s cheaper and better for you too.
Walk or use your bike. Many people don’t consider this as an option, but think how much you used to walk around when you were younger. Those feet are made for walking. You can save the world as you can save yourself too.
But if you need to do any driving, slow down a little. Not only that it will help lessen your fuel consumption, it will also help you enjoy your driving time. When idling, better turn off your car for it saves gas and harmful emissions.
When planning for a staycation, make the simple change in doing all your energy-heavy chores at night. Do your laundry, vacuuming, and drying at night for these cut your energy bill and prevent your home from heating up during daytime.
Drink just enough. Your body needs water to stay healthy and hydrated. Don’t waste it though. Water can also be used to water plants, give to your pets, etc. Just be aware of what you are doing and you will probably save quite a bit.
When your appliances and gadgets are not in use, better unplug it and reconnect with your family. Since you’re unplugging, better go out, and explore the world.
Have a potluck get-together. Invite family and friends over for a picnic or backyard party. Ask them each to bring a specific food item (in a reusable container) along with their own dinnerware, cups, etc. This way you’ll have a great mix of foods and drinks. Plus, there will be very little clean up or waste afterward.

There you have it. How’s these for summer, huh?

Primavera Residences, the premier eco-friendly development in Cagayan de Oro City, regularly shares green tips for our readers. Do you want to know more about it? Click here.

Primavera Encourages Everyone to Take Part in Earth Hour 2015

Posted by Stefan on March 28, 2015

It’s March 28 and we are hours away from changing the world!

As we celebrate the annual global environment movement at exactly 8:30 pm to 9:30 pm later tonight, Earth Hour is encouraging individuals, communities, households, and business to turn off their lights for one hour as a symbol of their commitment to the planet.

The Philippines has been participating in the annual Earth Hour since 2009, and has earned the title of “Earth Hour Hero Country” from 2009 to 2013 for topping participation records with over 15 million Filipinos joining the event.

Are you excited to be part of this worldwide activity?

In Cagayan de Oro, the multi-awarded sustainable condominium development, Primavera Residences, fully supports this WWF initiative as a pledge in sustaining the environment. As a committed advocate of nature, we are one with the city in inviting everyone to take part in this fulfilling event.

If you’re wondering how you can celebrate it with your family, there are more ways to contribute in this global event than just switching off your lights at home and in your office. More to that, you can contribute more by being an example and through spreading the word to your word to you friends, family, colleagues and everyone you know off.

To fully enjoy this activity, why not we celebrate it together this evening at SM City CDO? There’ll be fanfare, performances, and lots of fun and entertainment to look forward to. Bring your friends and family and join the countdown to 8:30!

Let’s all be ambassadors of the planet by sustaining Earth Hour in the next days to come. #ChangeClimateChange

Know more about the multi-awarded sustainable green building in Cagayan de Oro by clicking here.

Earth Hour 2015: Use #YourPower to Change Climate Change

Posted by Stefan on March 27, 2015

WE ARE ONE DAY AWAY TO A BETTER PLANET!

On March 28, Saturday, at exactly 8:30 pm to 9:30 pm, we celebrate this global switch-off event called Earth Hour together with millions of citizens across the globe. For an hour, everyone in the world will switch off their lights to show their commitment in caring about the future of our planet and the pressing threats of climate change.

Hundreds of cities around the world will participate, and some of the most famous landmarks of the world will go dark as well— the dramatic lights of the Eiffel Tower, the Coliseum, and the Big Ben will impressively go dark for a better future.

Through this initiative, we are showing concern about what’s happening to our planet and paves the opportunity for everyone to act upon what’s right and what’s needed.

All countries have to elevate their efforts in our common fight against climate change. There is no other time to move as one and act upon our goal to a better planet, but TODAY.

Our time is now

“We are the first generation to feel the impact of climate change and the last generation to do something about it,” H.E. Barrack Obama said in one of his speeches.

As the first and only sustainable condominium development in Northern Mindanao, Primavera Residences is one with the world in committing to a better planet to live in.

To fully address human rights and climate change problems, the world asks for your help and the help of the billions of people to participate in this fulfilling event of our lives.

So, when you switch off your lights on Saturday, remember that this year’s Earth Hour is time to think about the world, about the people, and about us. This is the time to act and engage ourselves to make a huge difference in our planet.

Use #YourPower to change climate change.

Do you want to know more about Primavera Residences green advocacies? You may click here.

6 Ways to Celebrate Earth Hour with your Family

Posted by Stefan on March 26, 2015

We are 2 days away from celebrating Earth Hour! Are you still searching for ways on how to celebrate Earth Hour and sustaining it for the days to come? What the world needs are people like you. If you’re shifting to a more sustainable and energy-conscious way of life, then you are more qualified to participate in this worldwide event!

Here are some ways to maintain you and your family’s commitment to protecting our planet and contribute to the global environmental change.

Talk with your family: This is an opportunity to talk with your family about your contribution to the Earth Hour. This way, you cannot just participate by yourself but you can also encourage your family members. Some easy contributions at home are by simply turning off the lights, schedule watching the television, charging your gadgets ahead of time, and by limiting waste as you make a positive impact on the environment. This Saturday, take this as an opportunity to be with your family as you go stargazing.

Impose and save: You can set up a plan on what areas of your house where electricity can be saved. You can simply place flags or stickers on when to use these appliances or unplug your computers. Through imposing these simple discipline, turning off lights and other devices will not just save energy but could shape your family members’ character and behavior.

Issue a challenge: Turn off the television and computer! Gather the family, light a candle and pull out your favorite board games. Scrabble, Monopoly, Trivia Pursuits and Pictionary are some great options. You might event notice you’ve bonded so closely that you were celebrating it past the hour. How’s that for a simple and eco-friendly family bonding?

Impart wisdom to your kids: By simply calculating the ways you can save energy in and around your house can help your kids understand the impact they can contribute with their individual actions on the entire environment. You can explain the effects, savings they get, and benefits from being conscious of their electricity consumption. Through this, these steps will help them reduce the use of energy.

Walk the talk: Invite family and friends over to celebrate Earth Hour together. Turn off the lights and other appliances while you watch an environmentally-themed movie. Afterwards, you can have a group discussion and write down what actions should be done. Be inspired to become an inspiration. Let’s walk the talk.

Share to the world. In taking part of this global event, it wouldn’t hurt you if you post your Earth Hour experience with the hashtag #ChangeClimateChange. So, see you this Saturday as we make the world a better place to live in!

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Italpinas Euroasian Design and Eco-development Corporation’s (ITPI) flagship sustainable condominium development in Cagayan de Oro, Primavera Residences, fully supports the goals of Earth Hour. Being one of Cagayan de Oro’ green advocates, the green building is designed with eco-friendly features that helps reduce the residents’ electricity consumption.

Do you want to know more about the Primavera Residences and its advocacies? You may click here.

Earth Hour: More than just a Global Switch-off

Posted by Stefan on March 25, 2015

March 28, 2015, Saturday.

All homes and establishments across the Philippines will go dark on Saturday evening. Earth hour, as the annual lights-out event is called, will happen this Saturday, March 28, from 8:30 pm to 9:30 pm.

Earth Hour began in 2007 in Sydney, Australia, when the World Wildlife Fund organized 2.2 million people to dim their lights to signify their concern for the planet. Since then, the event has grown immensely. Then in the later years, Earth Hour 2013, the event drew participants from 7,000 cities and more than 150 countries and the Philippines is one of them.

The Philippines has been an active participant in this global grass roots movement since 2008 with the participation of known business establishments, schools and individuals. Led by the World Wide Fund for Nature (WWF) in the Philippines, Earth hour aims to unite the world to take action for the planet against climate change.

More than just a switch-off

In 2014, Earth Hour became the world’s largest crowd funding and crowdsourcing movements. It has supported many projects including the construction of fiberglass boats in the Philippines. Because of this, the Philippine government is inviting all Filipinos to participate in this year’s Earth Hour and take part in changing the world for the better.

This year, according to DENR Sec. Ramon Jesus Paje, funds raised through Earth Hour will be used to provide portable solar lamps to remote communities in Palawan which are not connected to any source of electricity.

Though the whole situation of climate change won’t be solved after an hour, the organizers believe switching off from our usual wasteful habits and switching on to clean, renewable energy paves more possibilities to a better future.

Yes, Earth Hour is more than just a global switch-off.

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Do you want to know more about the Primavera Residences and its advocacies? You may click here.

Mindanao Pushes for More Renewable Energy Supply

Posted by Stefan on March 9, 2015

During the recent 5^th Mindanao Power Monitoring Committee Principals’ Meeting at the National Power Corporation Board Room, key players in the power sector stressed the importance of pursuing renewable energy as prominent source of electricity in Mindanao.

“There are good things coming for Mindanao and power is one of them,” Secretary Luwalhati Antonino, chair of the Mindanao Development Authority (MinDA), said in her opening statement.

Compared to last year’s power state, this year has seen significant progress with the immediate and medium term measures, stressing that majority of the cities in Mindanao did not have rotating power outage as reported by the Association of Mindanao Rural Electric Cooperative (AMRECO).

Antonino said that there are 231 renewable energy projects spread across Mindanao that could potentially generate at least 2,419 megawatts of sustainable power supply for the region between 2020 and 2025. In the next five years, over 2000 megawatts of renewable energy will be contributed to the Mindanao grid.

A startup project that promotes RE in NorthMin

In Northern Mindanao, a pioneering sustainable property developer has started to incorporate the use of renewable energy through property developments. Italpinas Euroasian Design and Eco-development Corporation (ITPI), an Italian-Filipino sustainable real estate firm, is committed to using green architecture paired with the use of renewable energy.

Primavera Residences, ITPI’s flagship sustainable condominium development, primarily promotes green architecture that helps reduce the impact to the environment. ITPI’s CEO and executive chairman Arch. Romolo Nati and its president, Atty. Jojo Leviste closely work together in achieving their goal to be the country’s prime movers in sustainable properties.

Leviste and Nati are also committed in incorporating energy-efficient systems in all their properties through its renewable energy business, Constellation Energy Corporation, with projects that include geothermal, hydro, wind, and solar.

“Sustainable design is more than just designing green. Aside from aesthetic design and caring for the environment, it has to help develop the communities,” Nati said. “That’s why our developments incorporate sustainability features that reduces 20% of the residents’ electricity consumption and are also built in secondary Philippine cities, where they can help develop local communities.”

Mindanao 2020 Peace and Dev’t Plan

The great move in pursuing RE projects, according to Antonino, is part of the efforts of key power players from the government and the private sector to provide Mindanao with a greener and renewable power supply.

Antonino added that pursuing RE development is also aligned with the MinDA’s Mindanao 2020 Peace and Development Framework Plan, which recognizes power as a major enabling factor for socio-economic development.

By 2016, the power scenario in Mindanao, including the committed projects, is expected to be 40% hydro, 28% coal, 25% oil-based, 6% geothermal and 1% biomass, MinDA data said.

But in 2019-2020, the energy mix in Mindanao, including committed and indicative power projects, would be 56% coal, 24% hydro, 14% oil-based, 4% geothermal and 1% each for biomass and solar, according to the same data.

Romeo Montenegro, MinDA director for investment promotion and public affairs, said that the government fully supports the development of renewable energy projects to balance the energy mix in Mindanao in the long-term.

Primavera to put up solar panels this June

This June 2015, Primavera Residences will be installing 6 sets of 3 kWp solar panel kits that could generate an estimated monthly electricity output of 270 kWh per kit at the roof deck to power the building’s water pumps, elevators, and other common areas.

Do you want to know more about the energy-efficient building? You can contact them at 0917 794 2221 and 088 880 5002 or you may visit their website here.

3 Rookie Mistakes to Avoid in Condo Hunting

Posted by Stefan on January 26, 2015

People are now looking at the financial benefits to owning an investment condominium unit which shed light on why more people are jumping on the bandwagon.

First off, real estate is a great long-term investment. Although there might be short-term fluctuations in the market, but condo prices will surely increase over time and usually at a greater rate than inflation. Also in having a rental income, it is a great way to pay down your mortgage and build equity. Even if you just break even at first, odds are you’ll end up with a monthly cash flow as the cost of your mortgage goes down and the cost of renting goes up.

Although investing in a condominium make great investment opportunities, there are potential pitfalls along the way that could seriously derail your plans. Be sure to avoid these 3 rookie mistakes:

Wrong choice of a real estate developer

When shopping around for a new condo, find out who built it. You may not be able to see its worth but this can have a surprising impact on the quality of your investment. Make sure to do a builder background check to ensure your developer has high standards for both quality and design. Look up for professional ratings, check their website, and get opinions from friends and relatives, to mention some. This will help ensure your investment stands the test of time.

Italpinas Euroasian Design and Eco-development Corporation (ITPI), an Italian-Filipino joint venture which focuses in sustainable developments, has built its locally- and internationally-acclaimed flagship development, Primavera Residences, in Cagayan de Oro. Find out more about ITPI and Primavera Residences.

Undesirable choice of location

Buying a new investment unit is about more than just the condo’s price tag. If you find a cheap condo in an undesirable area, you might have trouble finding a renter let alone reselling the place. As a good rule of thumb, only buy a new investment condo that you would be happy to live in yourself. Is it located in a good neighborhood? Is it close to public transportation? Are there good leisure and entertainment areas nearby? Are there decent restaurants near the area? If you answered yes, then you shouldn’t have a problem in renting out your unit.

In Cagayan de Oro, the uptown area is still underrated yet considered to be the “Makati City” in Northern Mindanao. According to the Chairman of Multiplata Investments, Lorens Ziller, CdO is well-recognized by those who can afford to live in upper class communities and subdivisions. Uptown Cagayan de Oro is the lifestyle you’ll need if you crave fresh air, flood-free and spacious communities, accessible shopping facilities, little-to-no traffic, and a good view of nature.

Selecting the wrong tenant

If you’re considering renting out your condo unit, do everything in your power to ensure you’re handing your unit keys to a tenant you can fully trust. A condo unit is a huge investment after all, and the point is to gain from your investment—not to spend it on unnecessary repairs. Spend time to assess the applicants to the best of your ability through credit checks, quality references from previous landlords, and by meeting them in person. To also protect your investment, it’s a good idea to draft a comprehensive lease agreement that covers for damages, and to request proof of contents insurance prior to allowing renters to move in.

The Asset Management Program of Primavera Serviced Residences gives the unit owner the hassle-free handling of their investment. Through this in-house program, your investment will be properly handled by a skilled management team from marketing your investment to eligible tenants up to monitoring your investment for you.

Do you want to know more about the project? Click here.

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