Despite the hullaballoo surrounding the city elections last May 2010, where Vicente Emano was once again hailed as the mayor of the City of Golden Friendship, the City Chamber and real estate sector are optimistic about the mayor return at the helm. They expect that his leadership will have a positive effect on Cagayan de Oro City’s growing economic status.

Investments in ttp://www.cdokay.com/category/real-estate/   CDO real estate has been pouring in since Mayor Emano’s leadership in 1998. The previous term of Constantino Jaraula further laid the foundations for http://www.cdokay.com   http://www.cdokay.com/category/real-estate/  CDO real estate to be in full swing in the coming years. Former Mayor Jaraula started by improving city infrastructures such as drainage systems, access roads, public parks, the redevelopment of the city’s amphitheater, and the construction of the planned Golden Mile riverbank project. Now that the basic infrastructure of the city has been rehabilitated, http://www.cdokay.com/category/real-estate/  Cagayan de Oro real estate is ready to be in full swing with the entry of more real estate investors in the city.

The city is ready to welcome the pet projects of various real estate giants in the country. Ayala Land, Inc (ALI) started off its entry into the city’s real estate community with the Alegria Hills Subdivision in the hilltops of Indahag. A much anticipated construction of an Ayala Mall along C.M. Recto Highway is also in the works. This P4.5 billion mall will be ALI’s largest mall venture in Mindanao. This will greatly boost the city’s economy, bring in more businessmen and investors, produce job opportunities and make Cagayan de Oro City the premiere shopping destination in Mindanao.

The value of real estate properties in Cagayan de Oro, particularly in Laguindingan, continues to rise as the construction and preparation of the new Laguindingan International Airport nears completion for its 2012 opening. This is another economic booster and indeed, national and multinational developers are eyeing the area for hotels, malls, and other commercial and residential projects.

The old Lumbia Airport will not be left adrift by the location change of airline operations. Reelected Congressman Benjo Benaldo is pushing for its transformation as a major economic zone in Northern Mindanao. Kicking off this economic plan is the ongoing development of the Robinson’s Land Subdivision right across the airport premises. The sprawling airport space is already set for the construction of a Rockwell Shopping Center by the Lopez-owned Rockwell Land Corporation.

Cagayan de Oro will soon witness the rise of skyscrapers around the city. Limketkai Center is taking the lead with the ongoing construction of a 21-story hotel within the Limketkai Mall grounds. Former Mayor Jaraula also proposed a 30-story City Center along with a New City Hall building in Barangay Carmen. It will be up to the present leadership of Mayor Emano to pursue with this grandiose project that will be a concrete testament to the Cagayan de oro real estate prowess of the city. 

With Cagayan de Oro City’s fast rise as the economic center in Northern Mindanao, the real estate industry of the city is also progressing along with it.