In a statement, the company said it sees continued growth ahead as demand rises in emerging provincial hubs, where buyers are increasingly drawn to more sustainable and accessible developments outside Metro Manila.
IDC’s optimism is backed by solid 2024 results.
• Net income rose 102.2 percent to P376.8 million from P186.3 million in 2023.
• Revenue surged 100.6 percent to P600.3 million, driven by strong sales at Primavera City Verde in Cagayan de Oro and Miramonti 1 in Sto. Tomas, Batangas.
• Earnings were boosted by gains from higher property valuations and reduced costs in project management, admin, and marketing.
• Earnings per share nearly doubled to P0.59, while book value per share rose 27.9 percent to P2.43.
