LOCAL property developer CDC Holdings Inc. is set to spend P1.7 billion on a condominium project in Mandaluyong City that will cater to middle-income Filipino homebuyers, a company official said.

In a recent interview, CDC Holdings Vice-President for Sales and Marketing Charlene Chua-Sy told reporters the firm will develop a 6,000-square meter property into a four-tower residential project in Mandaluyong city later this year.

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