IRC Properties Incorporated operates in the Dwelling operators, exc. apartments sector. IRC Properties Incorporated Formerly known as Interport Resources Corporation. IRC Properties, Inc., formerly Interport Resources Corporation (IRC), is a Philippine-based company primarily engaged in the acquisition, reclamation, development or exploration of land, forests, minerals, oil, gas and other resources. The company initially ventured in oil exploration activities and drilled two wells in Southern Mindoro and the Sulu Sea areas. The Company completely shifted from oil exploration activities to real estate development and is concentrating its efforts and resources to developing its real estate assets. The Company's activities consist mainly of land clearing, site preparation and titling, which are all capitalized as part of investment property. It has a 2,200-hectare property located in the Municipality of Binangonan, Province of Rizal. Apo Island is an 896-hectare real estate property located in Barangay Bintuan, Coron, Palawan. As of December 31, 2010, it had one wholly-owned subsidiary, Interport Development Corporation.