Roxas City, November 24, 2022 – Pueblo de Panay, Inc. (PDPI), owner and developer of 670-hectare Pueblo de Panay Township, held the launching of Verdant Meadows II’s shophouse lots area today. Currently in the process of seeking approval from government agencies to host shophouses here soon, the company is set to making this step another ground-breaking development for this part of the country, since it utilizes residential areas for multifunctional use.
Popularized in Southeast Asian countries as early as the 19th century, shophouses are typically composed of two or three-story buildings with a store on the ground floor and residences on the upper floors. It is now gaining popularity again as the architectural world has leaned towards honoring and shifting back to heritage and historical icons.
For instance, data from Knight Frank estimated that in Singapore, a record-high S$1.9Billion shophouse sales value was achieved in 2021, estimated to reach S$2Billion by end of 2022. Pueblo de Panay being the first one to ride this wave in Northern Panay Island is not at all surprising. As the company who launched the largest township development in Central Philippines and the first to introduce condominium living in Northern Panay Island, it has consistently and courageously challenged the market with its pioneering and innovative offerings.
The lots intended for this use are located in Verdant Meadows II, a subdivision located on the scenic hills of Pueblo de Panay Township, where places of work, education, and life’s little pleasures are all a stone’s throw away. The shophouses are projected to add more value and meaning to Pueblo de Panay Township’s Life. Work. Balance advocacy, especially after recently bagging the title of “Best Masterplanned Community in the Philippines” from Lamudi’s The Outlook 2022: Philippine Real Estate Awards last September.