Strong demand drives 15% profit for Pueblo de Oro

By:Arrah Manticajon|July 01, 2019

Steady demand for affordable homes outside Metro Manila has enabled property developer Pueblo de Oro (PDO) to achieve a 15% increase in its 2018 net income.

In 2018, PDO posted profits of PhP234.7 million, a 23% jump from its 2017 profit of PhP204.4 million.

In an interview with Business World, PDO president Prim Nolido said that they will continue pursuing their strategy of focusing on residential developments.

One of the factors that helped PDO drive profits for its developments is that buyers can avail of their housing units through a PAG-IBIG housing plan. Since 2014, PDO has consistently landed in PAG-IBIG’s list of top five developers when it comes to takeout housing loan deliveries in the Visayas. According to Nolido, 90% of their takeouts in the Cebu market are financed through PAG-IBIG. 

PDO developments in Cebu include La Aldea Buena, La Aldea del Rio, La Aldea del Mar and Park Place. Prospective buyers of Aldea del Mar and Park Place can avail of the units through a PAG-IBIG HDMF loan.

Located in Sitio Judas Belt, Bagbag 2, Lapu-Lapu City, Park Place has a mix of two-storey twin-houses and single-attached homes with a contemporary Asian-inspired design. The 26-hectare master-planned community has amenities like a multi-purpose hall, a park, and a picnic area.
On the other hand, La Aldea del Mar is a great fit for those looking to buy a townhouse in Cebu. Their two-storey townhouse units come with accent decorative moldings, metal grill works, plastered interior wall finish, and huge windows.

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