Italpinas Development Corporation signed a contract to acquire 1,796 square meter property in Sto. Tomas, Batangas from RFM Science Park of the Philippines, Inc. for PHP 14.1 million on May 20, 2015. As of June 2015, Italpinas paid 63.89% of the total contract price and has a remaining balance of PHP 5.08 million, which is expected to be paid by second quarter of 2016. Italpinas Development Corporation cancelled the acquisition of 1,796 square meter property in Sto. Tomas, Batangas from RFM Science Park of the Philippines, Inc. on January 25, 2017.