Cagayan de Oro, "The City of Golden Friendship," is one of the fastest-growing cities in the country. It was cited as best positioned for future growth and investments among 23 leading urban regional cities of the Philippines. It serves as the center of trade in Northern Mindanao and its neighboring towns and cities and has become the best place for secured investments.
Here, Cagayan de Oro real estate flourished.
Now home to migrants and visitors over the years, Cagayan de Oro is home to over 100 subdivisions containing 80,000 lots covering over 1,000 hectares and counting. It ranges from low-cost housing projects to high end subdivisions, to residential golf estates to agricultural and farm lots.
The city itself may well have half a million residents but it serves a consumer base of over three million people covering the provinces of Bukidnon, Camiguin, Lanao del Norte, Misamis Occidental, and Misamis Occidental, and the cities of Cagayan de Oro, Gingoog, Iligan, Oroquieta, Ozamiz, and Tangub, all of Region 10 (Northern Mindanao).
This Cagayan de Oro real estate boom was enhanced by inter-regional infrastructure development such as the Laguindingan international standard airport, Mindanao International Container Port, Tubod-Tangub Bridge and widening of its Iligan-Cagayan de Oro-Bukidnon Road (ICBR), the road artery which links it to key satellite areas. And likewise balanced by intercity infrastructure such as the planned construction of three additional bridges across the Cagayan river, Licoan flyover and the East and West coast public utility terminals aimed at loosening the city's tightening gridlock.
Businessmen who looked for properties for sale and where to put up their businesses, either industrial or commercial, are now guided by Cagayan de Oro real estate brokers who are committed to guide clients safely through the process of effective selection of subdivision lots, residential houses and lots, residential golf estates, golf shares, commercial lots, industrial lots, agricultural and farm lots, raw lands, bank acquired assets and properties for lease, which they offer for sale.
Cagayan De Oro Business
I am not saying it just because it is the trend or that my father is in this business but because Philippine real estate is expected to sustain a continued surging growth of the property industry.
Research shows that since the rise in demand for residential housing and office spaces, the Philippines has become a more in-demand market for real estate opportunities due to recent economic trends.
Based on the last update from the Business and Services Statistics Division of the Industry and Trade Statistics Department of the National Statistics Office in the Philippines in 2006, there were 1,480 constructions built. On that note, the growth of Philippine Real Estate also made a total of 222,501 employment opportunities rendered through real estate alone.
The Philippines is on the verge of the biggest real estate boom in history, principally fueled by money from Filipino expatriates and foreign investments. Transformations are now being implemented through a series of construction projects for residential, leisure and office structures in Metro Manila and in the urban areas in the provinces. Developers like Ayala Land have conquered regional areas like Cebu, Davao, and Northern Mindanao, specifically Cagayan de Oro.
The internet has even become a useful and powerful tool for all those who are in real estate business. There are about over three million search results of Philippine Real Estate portals available online. They are designed to assist those who are interested in finding a place to call home in the Philippines or to sell property and find potential buyers online. They have a free listing of properties located all over the country, which easily sells real estate properties just as easy as locating possible buyers in the worldwide market.
Investing in real estate is a gamble but there are also big opportunities for your investments to grow. Philippine Real Estate prices generally continue to grow and their values escalate.
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