As the “City of Golden Opportunities”, Cagayan de Oro (CDO) is considered the regional growth capital of Northern Mindanao and one of the next-wave cities in the country, which has been the focus of investment in the region.
CDO has been turning heads in the past years as it stands as the business, trade, information technology, and adventure tourism center of Mindanao. Real estate experts say that this Northern Mindanao city is worth keeping an eye on as it is on the brink of massive real estate development.
Despite the pandemic, local and foreign investors alike are considering investing in CDO such as in a condo or real estate because of its reputation as one of the cities that are best for businesses. Now you might be wondering what makes this locale a good investment hotspot? Why are there a lot of people planning to invest in the said city?
Here are some of the factors that are helping drive the interest in CDO.
Gateway of Northern Mindanao
Cagayan de Oro City is one of the most accessible cities with more domestic air and sea linkages in Northern Mindanao. It has international seaports, cost-effective air, land, and sea transit, a steady supply of power, telecommunication facilities, adequate infrastructure, business support facilities as well as areas for different industries and modern amenities.
Vibrant and Dynamic Local Tourism
Known as the Adventure Capital of the Philippines, CDO takes pride in the wild rapids of the Cagayan River that make it a perfect spot for whitewater rafting trips. The adventure-seekers who are looking for a more daredevil activity may go for river kayaking, river tubing, or spelunking.
CDO is also the expanding tourism gateway for travelers heading to Iligan City, Bukidnon, and Camiguin. Being surrounded by provinces that cater to different types of tourists, CDO becomes an even more attractive destination, not only for commercial purposes but also for recreational activities.
This vibrant and dynamic tourism scene helps drive interest and demand for the real estate sector. As local tourism normalizes soon, hotels, resorts, condos, and vacation rentals are expected to benefit again from the influx of local and foreign tourists in the city.
CDO is one of the recipients of big-ticket infrastructure development projects, which will enable greater accessibility and connectivity, further enhancing its position as a tourism and investment destination.
In fact, one of the biggest ventures in the area is the largest passenger terminal building at the port of the city. Aside from this, other big infrastructure projects are underway.
These infrastructure developments will help modernize the city further and attract more tourists and businesses. This can also increase the interest and demand for real estate properties especially hospitality and commercial real estate.
Local Business Activities
The business process outsourcing (BPO) industry is continuously growing in the country and enterprises have set up offices in regional centers for expansion. CDO continues to be a prime spot for accommodating BPO operations not only because of its accessibility brought by infrastructure projects but also because of the city’s skilled workforce, business environment, and cost.
This further attracts entrepreneurs to take their operations in CDO. Aside from creating demand for office spaces, the BPO sector is also generating interest and demand in residential properties like condo properties since more and more employees prefer living near their workplaces.
Strong Local Economy
According to CDO Dev, the city has been topping the list of the richest municipalities in the Mindanao region over the past few years.
Experts say CDO has a strong economy indicating flourishing industries, which offers a range of job opportunities for the locals. This increases the buying power of the locals and allows them to invest in assets, such as real estate.
Private and Public Sector Partnership
The city government is seeking private sector partnerships to boost CDO’s sustainable growth in key agricultural and environmental developments, which include a livestock auction market, an airport shuttle terminal, the expansion of Mindanao Container Terminal, meat and vegetable processing centers, Arabica coffee and oil palm plantation.
One of the Country’s Most Competitive Cities
Cagayan de Oro City was ranked 6th in the country’s most competitive in 2015 by the National Competitiveness Council through the Regional Competitiveness Committees (RCCs) with the assistance of the United States Agency for International Development.
One of the most admired and notable projects of the city government is the five-step business processing time for registration, licensing, and permits to average just over 51 minutes making it ideal for business ideas.
The City’s Growing Population
With the city’s growing population, large real estate developers have seen great investment opportunities and even started developing upscale, economic, and socialized subdivisions.
There are a lot of reasons why it is best to invest in Cagayan de Oro. Being a first-class highly urbanized city, it has a big potential to develop and grow the investor market and generate more businesses and demand for real estate.
If you are planning to invest in the “City of Golden Opportunities” or would like to know more about real estate investing, you may want to consider Vista Residences’ condominium development.
For first-time investors or those looking for an entry-level investment, condos are a great way to start. Investing in a condo can yield high returns if done right. You just have to choose the right location, know the market conditions, and choose a trusted developer like Vista Residences.
Vista Residences is the condominium arm of the country’s largest homebuilder, Vista Land & Lifescapes, Inc., which offers ready for occupancy and pre selling condo projects in Manila and Quezon City that are strategically located within inner-city areas, in close proximity to premium universities and developed business districts.
One of the offering of Vista Residences in Cagayan de Oro is The Loop. It is a ready for occupancy condo property equipped with top-notch amenities and spacious condo units. At The Loop by Vista Residences, be at the center of convenience where institutions, business districts, and academe are nearby. One can enjoy the cozy and luxurious vibe of inside through its hotel-like condo units and its complete amenities perfect for the ones who are fond of traveling and relaxing. Escape from the busy city life and experience a premium living while relaxing at the historical location of Cagayan De Oro City.
To continue its mission in providing condominium homes for Filipinos and investors, Vista Residences is now offering a premium condo living in the other areas away from Metro Manila. You can experience a warm and relax condo vibe in its condo in Baguio – Pinehill, Canyon Hill, and Brenthill. Now in the south, Vista Residences has Suarez Residences, a pre selling condo in Cebu; and The Loop, a ready for occupancy condo in Cagayan De Oro.
Vista Residences is part of Vista Land’s roster of vertical housing brands that cater to millennials and young professionals. The other vertical brands include Camella Manors, COHO, and Crown Asia.
For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.