MANILA, Philippines - P. A. Alvarez Properties and Development Corp. (PAAPDC) chairman of the board Romarico T. Alvarez and VP for operations Peter Jude T. Alvarez (2nd from right) sign a memorandum of agreement with Palafox Associates represented by Felino A. Palafox, Jr. The agreement marks the beginning of a new masterplanned community development of PAAPDC in Cabuyao City, in Laguna, covering an area of more than 80 hectares. The signing ceremony took place at P. A. Builders building in Binan City, Laguna.