Around 10 years ago, the proliferation of subdivisions was one of the major indicators that a city was definitely growing and progressing. Naturally, the more influx and growth of professionals in a city, the more living space is needed. In more recent years this trend has started to change with people now searching for alternative lifestyle living, especially when it comes to their residence. So while some people prefer the old fashioned spacious home with a garden, backyard, and garage, others prefer the amenities of tight security, personalized service, and height.
This is where condominiums fit into the picture, and Cagayan de Oro already has their fair share of such living spaces thanks to real estate property companies willing to invest in the city. In fact, some condominiums were already sold out even before construction finished, so this only heightened the investment for more condominiums to sprout around the city. Today, the city’s landscape can be seen dotted with these condominium living spaces, a reminder that Cagayan de Oro City is truly on its way to becoming a fast growing tertiary class city.
Smart is unique because it is the first real estate developer that will start its opening ventures in Cagayan de Oro City before branching out to other cities, and opposite factor compared to other real estate developers in the city.
It’s a new joint Filipino-Korean company that only opened in 2013. Its maiden project will be the Smart condominium in the Stonetown building in the upper area of Fr. Masterson Avenue near the Pueblo Golf Course and Hotel Koresco. It will be the first condominium complex in the city to offer a sky garden and swimming pool on the penthouse level.
It offers very affordable prices even for middle class income earners because all labor and materials are locally sourced to save both time and money in construction. Each condominium unit is fully automated with its own fire alarm and control system, key-card access, biometric identification, home automations, and HD cable television. All systems are powered by Samsung.
The Loop Vista Residences
Vista Residences is Vista Land’s condominium developer since 2006 and is a Makati-based developer with 16 condominiums all over Metro Manila. The Loop is its newest project outside Manila and the first one in Mindanao. Vista Land is the umbrella brand for such names as Camella, Crown Asia, and Brittany. The new Loop twin tower residences will be located at the Limketkai Center with its official launching at the Atrium at Limketkai Center on July 27 and 28. Units will feature studio type and one-bedroom up to three-bedroom units with amenities such as swimming pool, fitness center, children’s playground, sky garden, and of course easy access to the Limketkai Center.
Primavera Green Residences
Primavera is now a 10-storey two-tower condominium complex at the Pueblo de Oro Business Park. What makes this condominium unique is that it is Mindanao’s first “green and eco-friendly building” since it is partly powered by solar energy and its outer skin is made from amorphous silicon.
Its developer is Italpinas, a European-Filipino engineering and architectural firm together with Manila-based Prompt Managers and Construction Services. Energy consumption is 20 percent lower due to the photovoltaic cells that power the building.
The overall building design itself increases natural ventilation and minimal direct sunlight exposure. The solar panels installed on the building’s rooftop are enough to generate at least 150 kilowatts of renewable energy.
The building’s Geo-Cooling System creates an outdoor natural warm air flux as well as the external air inlet, underground air path for air cooling, cooler air chimney ventilation, cross ventilation, and a roof level hot air expulsion system.
The Centrio Tower residential condominium is now a separate 24-storey tower still undergoing construction under Avida Land, the affordable property developer of Ayala Land, Inc. The “Sure and Secure” Centrio Tower is conveniently located beside the mall complex to provide easy access to shopping, dining and other leisure activities. In the tower itself, the ground floor will have the main lobby and two commercial units. The parking lots at both ground and second level will have 159 for residential plus 4 retail parking slots. The third floor will house the main amenity area, which is also the first residential floor. All in all, there will be 522 units, 21 residential floors, and two parking floors. The Centrio Tower will feature three major types of condominium units for sale. On every floor there will 14 studio units, 9 one-bedroom units, and 2 two-bedroom units. Once finished, customers selecting a condo unit of their choice can also have a choice of window views whether from the western or Cagayan River view, the southern view of the Mountain Ranges, or the northern or Macajalar Bay view.
Now here’s something a little different. For the first time in Cagayan de Oro, the Uptown Condotel is hybrid between a condominium and a hotel.
It is a 3-storey 48-unit building located at the Business Park of Xavier Estates along Fr. Masterson Avenue.
It was developed by Plumbline Development, a real estate developer consortium of Hawaiian-Filipino businessmen.
The concept of the condotel combines the luxury of a full service hotel with the concept of ownership of commercial condominium units.
The 14 condominium units and 34 dedicated hotel rooms contain amenities such as a loft area, queen size bed, corner table, built-in closet, sofa or pull-out bed, center table, dining table and set, air conditioner, coffee maker, electric stove, home theater system, hot and cold water, lamp shade, microwave, multi-point water heater, range hood, refrigerator, rice cooker, table lamp and a 32” LCD TV.
Bed sheets, blankets, curtains, pillows, pillowcases and towels are also thrown in, as well as digital cable TV, telephone line and unit, and internet connection. Other amenities include high speed Wi-Fi, full service spa, coffee shop, laundry and dry cleaning shop, medical clinic with 24-hour nurse on standby, and a sports bar.
These condominium landmarks are definitively indicative of the growing progress and stability of Cagayan de Oro’s real estate and economic condition. Investors, businesses, retirees, expatriates and the local population are now enjoying the constant economic upstream of the city due to its inviting geographical location and business investment situations.