CAGAYAN DE ORO, Philippines – In a move poised to reshape Cagayan de Oro’s economic landscape, the state-owned investment arm National Development Company (NDC) and the Investment and Capital Corporation of the Philippines (ICCP) Group have agreed to undertake a massive project that includes a five-tower luxury condominium complex, a 31-hectare mixed-use Silicon Valley-inspired development, and a World Trade Center (WTC) in Cagayan de Oro. The mixed-use development project, dubbed “Southridge,” will be situated at the intersection of the new Laguindingan-Pueblo de Oro Diversion Road, within the expanded Pueblo de Oro Township. It is expected to emulate the dynamic innovation and business environment of California’s Silicon Valley, positioning Cagayan de Oro as a hub for technological and commercial growth in the region.
The NDC and ICCP have been long-time partners in WTC Metro Manila (WTCMM), where NDC holds a 36% stake through Manila Exposition Complex Incorporated, the company that developed and owns the facility. ICCP manages and controls WTCMM, which has been one of NDC’s most successful investments as a government-owned company. Five residential towers in the Southridge project, designed by international architecture firms Gensler and Casas+Architects, will offer 1,006 units across a total of 11,649 square meters of space.
NDC General Manager Antonilo Mauricio said on Saturday, October 19, that the government’s involvement signals a strong endorsement for .
