Saturday, September 30, 2006 Oro leads real estate investment destination
FROM being an Information and Communication Technology goldmine in the country, there's no stopping the economic boom that Cagayan de Oro is now experiencing even as it comfortably make its mark as yet the leading real estate investment destination in the country today.
No less than four giant investors in the field of real estate development have set their sights to Cagayan de Oro and the lucrative potential it offers for the housing market.
Real estate giants like the Ayala Group of Companies, A. Brown Corporation, Robinson's Land Corporation and Sta. Lucia Realty and Development, Inc. have already identified the sites where they will establish their respective residential projects in the city.
City Mayor Vicente Emano disclosed that these clearly indicate the city's growing reputation as the most ideal place to stay whether for business or for pleasure.
"As anyone may have noticed, four of the country's giant real estate developers have placed their multi-million investments here and this speaks volumes in as far as the trust and confidence they have for the economic potentials of the city," Emano pointed out.
"For one, we have the most stable peace and order condition in Mindanao if not for the entire country, and we have put in place investor-friendly incentives and policies that will make it easier for investors to do business here," he added.
Already, the A. Brown Corporation has pledged to finance starting next month, the concreting of a road network from the highway to the site of its subdivision project in the highlands of Barangay Agusan.
The residential project in Barangay Agusan, estimated to cost some P250 Million is touted to be the biggest and the most luxurious residential estate in the whole of Mindanao.
The Ayala Group of Companies, which was already set to establish a 50-hectare residential estate in Barangay Indahag, has just confirmed that it will instead expand its housing project to cover a 90-hectare residential estate.
Robinsons Land Corporation has also made the initial works for the establishment of a nine-hectare subdivision in Barangay Camaman-an while the Sta. Lucia Realty and Development, Inc. is taking over the development of the Fil-Estate-owned Mountain Meadows Subdivision in the highlands of Barangay Gusa. (CIO)
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