ITALPINAS GETS THE GREEN LIGHT FROM THE PHILIPPINE RETIREMENT AUTORITY

Italpinas Development Corporation’s Chairman and CEO Romolo V. Nati recently announced that it has secured an accreditation from the Philippine Retirement Authority (PRA) for its Miramonti Green Residences project. Miramonti Green Residences is the first facility to be accredited by the PRA in Sto. Tomas, Batangas.

Inspired by its view (Miramonti in Italian means “look at the mountain”), the project is yet another example of design-driven sustainable architecture that Italpinas Development Corporation (IDC) brings forth to emerging cities. Strategically located Sto. Tomas Batangas is part of the Philippines’ new beltway of economic growth along the expressways connecting the capital region with Batangas Port making the CALABARZON area one of the most dynamic trade zones in the country.

Miramonti Green Residences is also within the 30-minute drive from popular tourist destination, such as Tagaytay City and the hot springs of Laguna and including its renowned theme park, Enchanted Kingdom. It is also comfortably located within drive distance from the beaches of Batangas and other recreation facilities that offers multitude of activities for its unit owners and retirees from PRA.

Easily accessible from South Luzon Expressway, Miramonti Green Residences is adjacent to the Light Industry and Science Park III (LISPIII). Miramonti Green Residences is set to become a prime landmark in Sto.Tomas, Batangas with an expanding residential and commercial community located in the scenic Mt. Makiling area of southern Luzon. It provides a fresh urban setting away from the chaotic metropolitan environment.

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Miramonti Green Residences will consist of three 21-storey towers that will be developed in two phases. The first phase, is comprised of one tower sitting atop a podium structure, which occupies 2,057 square meters in area. It will offer 352 residential units, 18 commercial areas and 89 parking slots alongside amenities from fitness center, swimming pool and playground among others.

The Philippine Retirement Authority (PRA) is a government owned and controlled agency attached with the Department of Tourism and is mandated to develop and promote the Philippines as retirement haven. The PRA aims to accelerate the social and economic development of the country, strengthen its foreign exchange position, and provide further best quality of life to the targeted retirees in a most attractive package.

The Special Resident Retiree’s Visa (SRRV) is a special non-immigrant visa for foreign nationals who would like to make the Philippines their second home or investment destination. The benefits include indefinite stay with multiple-entry/exit privileges, exemption from Philippine Bureau of Immigration ACR-I Card (Annual Report), Customs duties & taxes for one-time importation of household goods & personal effects worth up to US$7,000.00 Tax from pensions & annuities and free travel tax, among others.

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