Cityland tops off condominium project

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CITYLAND Development Corp. has topped off the Pines Peak Tower II in Mandaluyong City last week, moving closer to the delivery of the property to its residents.

In a press release issued Thursday, the listed real estate firm said it conducted the topping off ceremony for the medium-sized condominium last Sept. 8.

Pines Peak Tower II is located along Union Corner Pines Street, Mandaluyong City. The 27-storey tower is strategically found near commercial centers like Shangri-La Mall, Robinson’s Place Pioneer, and SM Megamall. The property also provides easy access to transport, as it is a block away from EDSA, Shaw Boulevard, and Metro Rail Transit’s Boni Station.

The company targets families looking for affordable homes for the project, which have studio, one-bedroom and two-bedroom units.

The tower offers amenities such as a swimming pool, fitness gym, multi-purpose function room with movable playset, a viewing deck as well as round the clock security.

Earnings of Cityland attributable to the parent fell by 12% to P127 million for the second quarter of 2017, following revenues of P443 million for the period.

Shares in Cityland were unchanged at P1.57 each at the close of the stock exchange on Thursday. — Arra B. Francia