
News And EventsPrimavera Residences Tower A Nears Completion
By: podc (Added: 2012-01-11)
Tower A of the Primavera Residences twin tower condominium project is now at least 70% complete and is expected to be finished and ready for turn over to unit buyers by June this year.
As a green building, Primavera Residences applies state-of-the-art energy saving facilities and construction design that offer at least 20% reduction in energy consumption. The Italian-designed 10-storey eco-friendly condominiums are constructed along the principles of sustainable architecture such as generating its own energy through solar cells at its rooftop, minimizing power usage, and maximizing natural light and ventilation.
Primavera Residences is located in the Pueblo de Oro Township in Uptown Cagayan de Oro (CdeO), one of the city's booming new growth areas. It is strategically positioned with a major shopping mall, top schools, and a championship golf course only a short distance away.
In addition, the Township's elevation, stable water supply from the Pueblo de Oro's own water system and advantageous location with an interconnected electrical distribution system loop of Cagayan Electric Power and Light Company (CEPALCO) ensuring constant power supply, fueled the very high demand for uptown properties, contributing to the fast sales rate of products found in the Pueblo de Oro Township as 2011 ended.
Since the completion of its foundation in November 2010, the value of Primavera property has substantially appreciated with prices for the condominium units having increased by at least 12%. This is double the increase for similar projects in the industry, a huge factor why there are now only few units left in Tower A.
Primavera Residences is owned and developed by ItalPinas, which has an established track record in green architecture and design. The company has received numerous awards including recognition from CTI-PFAN Philippines for the business plan of Primavera Residences and a Special Energy Award in the 2011 Design Against the Elements global architectural design competition. Last November, Primavera Residences was one of the four nominees from projects all over the country for the Best Condo Development in the Philippines 2011 in the prestigious South East Asia Property Awards held in Singapore. ItalPinas is also a sustaining member of the Philippine Green Building Council.