PROJECT WATCH: Italpinas signs joint venture agreement for mixed-use development in Gusa, CDO

Property developer Italpinas Development Corporation (IDC) is set to develop a 4.3-hectare mixed-use project in Gusa, Cagayan de Oro City. In a disclosure at the Philippine Stock Exchange, IDC stated it signed a Joint Venture Agreement with Mr. Gonzalo Go Jr. last August 11, 2023 for the development of his property covering an area of of 43,198 square meters located in Gusa into a mixed-use development, with total project cost at approximately Php 2.42 Billion.

There are still no details yet as to the specific location of this project in Gusa but people in the real estate industry may already have insider info on this.

This is IDC’s latest project in the city after successful undertakings with Primavera Residences, Primavera City and Verona Green Residences. See some screenshots of the disclosure below.

Keep posted.


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