Primavera Residences is a twin-tower, 10-storey mixed-use development in Pueblo de Oro Business Park, Cagayan de Oro in the province of Northern Mindanao, Philippines. It contains residential, commercial, and office units designed and developed by Italpinas Development Corporation (IDC), a firm specializing in green architecture.
It is also an eco-friendly, Italian-inspired property constructed along the principles of sustainable architecture such as generating its own energy, minimizing power usage, and maximizing natural light and ventilation. The first tower was completed in 2012, while the second tower was completed in 2014. In 2015. Primavera Residences was given the EDGE certification awarded by International Finance Corporation as the first completed condominium project in East Asia and the second development in the Philippines.
The design was inspired by the traditional Bahay Kubo—a stilt house made of organic materials like bamboo, coconut leaves, and grass—which Arch. Nati sees as the quintessential sustainable house. IDC has incorporated the green architecture of the Bahay Kubo concept in all of its projects. The Primavera Residences project was named Best Condo Development[9] in the Philippines during the Southeast Asia Property Award (SEAPA) in 2011 and Best Mixed-Use Development in the 2014 Asia Pacific Property Awards.
SAMPLE PRICE AND COMPUTATION
Unit No. 1007
Total Contract Price (TCP) Php. 4,580,375.25
1 .Reservation Fee: Php.20,000.00( deductible from DP)
2.10% DP/Equity: Php.458,037.53 payable up to 18mos. Php. 24,613.20/month
3 .90% Loanable Amount: Php 4,122,337.73
Bank Financing Sample Computation:
Estimated Monthly Salary/Income Requirement: Php 94,523.33
Loanable Amount: Php 4,122,337.73
* 20 years @ Php 28,357/month
* 15 years @ Php 33,683/month
* 10 years @ Php 44,738/month
* 5 years @ Php 78,741/month
Landmarks
* Pueblo Business Park
* SM Uptown
* Corpus Cristi School
* Carmen Market
* Cogon Market
* San Augustine Cathedral
* Nazareno Parish
* Xavier University
* University of Science and Technology of Southern Philippines
* Agora Bus Station
* Bulua Bus Terminal