Tag Archives: real estate

Sustainable Construction: Helping the Present and Protecting the Future

Sustainability has become quite a common term in recent years. In the past, we only ever hear it either in science class or in news pertaining to the environment. These days, however, you are likely to hear the term used in various industries, including construction.

solar park

The term itself is broad, pertaining to people’s desire to carry out specific activities without having a negative impact on the environment. The Brundtland Commission defined it as our ability to meet “the needs of the present without compromising the ability of future generations to meet their own needs.” Continue reading

Kagay-anon Update – A Look at the City’s Booming Real Estate Sector  

Last March 2016, Johndorf Ventures Corp. (JVC), a Cebu-based developer, has announced that it will be launching another real estate project in Cagayan de Oro City. The project, which is named Montierra Subdivision, will open 600 new homes for middle-class families in the city. In a recent gathering, JVC has already introduced their upcoming project to more or less 300 agents and brokers, right after getting their license to sell from the HLURB or Housing and Land Use Regulatory Board.

According to Michele Chiu-Bacungan, JVC Sales and Marketing Manager, the Montierra project will be officially launched in April with a special event at the site in Balulang. However, prior the official launch, Johndorf will be holding a pre-selling activity at Mallberry Suites in Limketkai Center. For this project, JVC has allocated a total of PHP 6 Million. Once finished, Montierra will be a master-planned residential community featuring two-storey Asian townhouses located near Cagayan de Oro’s commercial hub.

Montierra townhouse in Cagayan de Oro

Johndorf Ventures Corp. isn’t the only real estate developer that will be launching projects in Cagayan de Oro this year. As a matter of fact, Italpinas Development Corporation (IDC) – the country’s premier developer of sustainable homes – is also set to launch Primavera City during the second quarter of 2016. Primavera City is IDC’s follow-up project to their successful and multi-awarded Primavera Residences, which has been praised internationally for its luxurious design and eco-friendly architecture.

The new project will be built at Pueblo de Oro Business Park, one of Cagayan de Oro’s commercial districts. For this project alone, Italpinas has allocated a total of PHP 653 Million.  IDC is considered as a major player in the city’s real estate sector; the company specializes in green building design and sustainable development. Apart from Italpinas and Johndorf, real estate developers such as Ayala Land, Inc., Filinvest Land, Vista Land and Lifescapes, Inc., and Avida Land Corp. have existing projects in the city.

Cagayan de Oro – A Real Estate Hotspot in Mindanao

Last 2015, during his public message for the city’s 65th Charter Day Celebration, Mayor Oscar Moreno has made an announcement regarding the city’s progress. According to him, the city of Cagayan de Oro is expecting a total revenue of PHP 4.8 Billion this 2016, which is 85% bigger than the city’s 2015 annual revenue of PHP 2.6 Billion. Because of the many investments and business activities in the city, Cagayan de Oro has been hailed as one of the three cities outside Metro Manila to have reached an annual income of PHP 2 Billion, with Davao and Cebu being the two other cities.

When asked about the city’s fast economic progress, City Treasurer Glenn C. Banez has pointed out the city’s real estate sector as its driving force.  It has been quite noticeable that over the past few years, real estate developers have been investing and launching projects in the city and because of this, the sector has contributed a lot to CDO’s rapid progress.

It is not surprising that a lot of real estate developers are investing in the City of Golden Friendship. Cagayan de Oro City has long been attracting investors and businesses, especially because of its strategic location. Considered as the Gateway to Northern Mindanao, the city of Cagayan de Oro is now one of the country’s highly urbanized areas and most progressive cities. It has even been named by the National Competitive Council as the Most Competitive City in 2014. The city has also been a mainstay in the list of the most peaceful and most beautiful cities in the Philippines.

According to a particular real estate blog, the reason why Cagayan de Oro is now a real estate hotspot is the city’s positive and quick financial growth. As what the National Economic Development Authority (NEDA) has said, the Cagayan de Oro City is a flourishing commercial and business hub; it can even be considered as the largest international and domestic seaport in Mindanao, especially now that the Port of Cagayan de Oro has been rehabilitated.

But if there’s one thing that really attracts real estate developers to invest in the city, that would be the booming BPO sector of Cagayan de Oro. Currently, the city has two IT buildings and five IT parks.  And as what the former Director-General of NEDA said, there’s a great chance that Cagayan de Oro will become Mindanao’s next financial and business center.

With the city’s rapid growth and development, it is only to be expected that in the years to come, more real estate developers will launch projects and provide world-class affordable homes to both Kagay-anons and the people relocating to the city.

 

Cagayan de Oro City – Northern Mindanao’s Real Estate Hotspot

Cagayan de Oro City, a city-port situated in the mouth of Macajalar Bay, has always been considered as the official business center of Northern Mindanao. But just recently, the city has gained another title—Northern Mindanao’s Real Estate Hotspot.

For these past few years, it isn’t hard to notice that the city of Cagayan de Oro, also known as the city of Golden Friendship, has been experiencing unimpeded economic growth. A bolstered infrastructure, plenty of job opportunities, and thousands of business investments—these are just some of the things that can prove that CDO has undeniably developed into a simple city-port to one of the country’s highly urbanized cities. And because of city’s geographic advantage and the good leadership of the local government unit, Cagayan de Oro has also become a favorite business paradise of both foreign and local investors.

Apart from being tagged as the business hub of region X, the city has also been hailed as the 2nd most competitive city in the country just last 2014. Cagayan de Oro is also one of the only three cities outside Metro Manila to generate an annual revenue of PHP 2 billion last 2015, another clear indication that the city is indeed doing well and progressing at a fast pace.

CDO Is the Next Target of Real Estate Magnates!

Last June 15, 2015, during the Charter Day Celebration of Cagayan de Oro, Mayor Oscar “Oca” Moreno has made a huge announcement to the public. According to the Honorable Mayor, the city administration is expecting that the annual revenue of CDO will exceed 85% based on their forecasted financial performance. For 2016, the local administration of Cagayan de Oro is already expecting a total revenue of PHP 4.8 billion, a significantly bigger amount compared to 2015’s PHP 2.6 billion revenue.

For this forecasted increase in the city’s annual revenue, Mayor Moreno has revealed that the real estate sector of CDO is actually the driving force of the city’s massive economic progress. The City Treasurer of Cagayan de Oro, Glenn C. Bañez, has backed Mayor Moreno’s revelation by confirming that the real estate sector of the city is indeed flourishing. According to Bañez, there are plenty of property development investments lined up in the city coming from the country’s leading real estate developers including Avida Land Corp., Vista Land and Lifescapes Inc., SM Group, Filinvest Land Inc., and Ayala Lands Inc.

Reasons Why CDO Has Become a Real Estate Hotspot

Due to the city’s strong financial performance and its rapid economic improvement, Cagayan de Oro has undeniably become a potential target of real estate magnates as a good place to invest and develop.

For those who aren’t aware, there are plenty of reasons why the City of Golden Friendship has emerged as a real estate hotspot and one of them is the opening of Laguindingan Airport last 2013. After Laguindingan Airport replaced the now-defunct Lumbia Airport, Cagayan de Oro became the undisputed Gateway to Northern Mindanao and made the whole region accessible to both tourists and businessmen. Another important reason that led the city to become a real estate hotspot is the rehabilitation of Cagayan de Oro Port last year. It has made the city Mindanao’s biggest domestic and international seaport. With both Laguindingan Airport and Port of Cagayan de Oro now fully-functional and modernized, it made it easier even more for real estate developers to enter and invest in the city.

In the viewpoint, however, of the National Economic Development Authority, the biggest draw that made the city a hotspot for real estate developers is the BPO sector. Ever since CDO had BPO companies operating around the city, job opportunities began flourishing. This has led to people from different places relocating to CDO to look for jobs. Currently, the city has 5 IT parks and 2 IT buildings, and this number is really growing fast. And since a burgeoning population invariably leads to an increased need for housing units, real estate developers have capitalized on this need and started developing modern homes such as condominiums. As of present, Cagayan de Oro has five existing condominium projects—Centrio Tower, Avida Towers Aspira, One Oasis, and Primavera Residences.

Because of the city’s emergence as a real estate hotspot, it is already expected that for the next years to come, Cagayan de Oro will still be progressive. As a matter of fact, there is actually a great chance that the city will outperform Davao City and become the business center of the whole island of Mindanao as what Cayetano Paderanga Jr.—former NEDA director general—predicted.