Wednesday, December 19, 2007 Chamber sees Oro as real estate hub
LOCAL traders said the real estate business in Cagayan de Oro is rapidly booming.
Oro Chamber president Engineer Elpidio Paras made the statement in a recent General Assembly where the group credited their success to the good relationship fostered with the city government.
Paras said the business community envisioned Cagayan de Oro to be one of the most competitive cities in the country due to its advantages over other highly urbanized cities in terms of stable peace and order and vast investment opportunities.
Paras saw the city's bright prospect in real estate business as the City Planning and Development Office records show that from 1993 to 2007, a total of 86 subdivisions were established during the period.
Twelve of these are high-end subdivisions namely: Mount Meadows Residential Estates, Puerto Heights Village, Xavier Estates, Teakwood Hills Subdivision, Pueblo de Oro Golf Course and Estate, Morning Mist Village, Philamlife Village, Golden Glow Village, Hillsborough Pointe, Richmond Hills Subdivision, Alegria Hills and Tuscania Subdivision.
Paras said once the real estate business is on the rise, other related business ventures will also flourish as more giant developing firms come in to invest.
More and more people preferred to live in the city after seeing the city's positive economic opportunities, better quality of life and good basic amenities and facilities, added Paras.
With a stronger partnership and collaboration between the Oro Chamber and the local government, Cagayan de Oro City would continue to grow bigger and bigger in the future years to come, he concluded.
With real estate blooming, Oro Chamber now registered a total of 346 member-companies. (Press release)
