PDO-Visayas vice president Ronald Allan Uy said the company has lined up at least two new projects in Cebu this year. These include the Pueblo de Oro Storeys, a mid-rise condominium inside the 27.4 hectares Townscapes Mactan, located in Babag, Lapu-Lapu City, and the 10-hectare Pueblo de Oro Townhomes in southern part of Cebu, in Carcar.
Real estate developer Pueblo de Oro Development Corporation (PDO) has earmarked a significant P18 billion capital expenditure (capex) for 2024, with a portion dedicated to new projects in various key locations throughout the Philippines, including Cebu. PDO-Visayas vice president Ronald Allan Uy revealed plans for at least two new ventures in Cebu this year, such as the Pueblo de Oro Storeys mid-rise condominium within Townscapes Mactan and the Pueblo de Oro Townhomes in Carcar. The expansion in Cebu is expected to receive approximately 15 percent of the total capex allocated by the company.
Moreover, PDO is set to introduce an additional 450 condominium units in Cebu through the development of a six-story condominium complex, offering studio units with balconies overlooking the Mactan Channel. Concurrently, the townhouse project in Carcar aims to construct 920 house and lot units in barangay Can-asujan, with a formal market launch planned before the end of the first quarter this year. In line with its growth strategy, PDO is also focusing on residential developments in other areas such as Cagayan de Oro City and Batangas, with a total of 12 projects slated for launch in 2024, including the new residential offerings in Cebu.
