Cityland Development Corp. said on Friday that it had completed the structural construction of its 24-storey office, commercial, and residential condominium in Mandaluyong City.

In a stock exchange disclosure, it announced the recent top off of Pioneer Heights 1 condominium along Pioneer Street in Barangay Highway Hills.

“With the completion of the Kalayaan Bridge of the Bonifacio Global City – Ortigas link road project, travel time to Pasig, Makati, and Mandaluyong has drastically reduced, thus making Pioneer Street a booming, bustling for commercial and residential area,” Cityland said.

“Carefully planned amenities such as swimming pool, clubhouse, gym, multipurpose event area and viewing deck are provided to make condo living enjoyable and comfortable,” it added.

According to Cityland, the residential units of the condominium in studio, studio deluxe, one-bedroom deluxe, three-bedroom, commercial, and office units are available for purchase through cash and installment terms.

The company said it is currently offering a promo for installment down-payment payable up to 24 months with zero interest.

For the first quarter, Cityland posted a 16.5% decline in its attributable net income to P109.12 million despite a 17.7% climb in total revenues to P549.82 million.

On Friday, shares of Cityland at the stock exchange fell 8% or eight centavos to end at 92 centavos apiece. — Revin Mikhael D. Ochave