25 Jan CDO Ranked Fourth in the list of top cities to watch for on Real Estate
Original Image Source: Project Lupad
The City of Golden Friendship, Cagayan de Oro City is included as one of the top 10 cities in the Philippines to watch on Real Estate Market this 2017.
Based on a study conducted by property research Lamudi Philippines, there is more to the country than the usually well-known Metro Manila cities when it comes to real estate markets and developments.
According to the study, Cebu City ranked first in the list as it has a considerable proximity to several of the Philippines’s best tropical destinations and affordable secondary cities.
Las Piñas ranked second, followed by Iloilo City, then Cagayan de Oro City and Bacolod City at top 5.
Cagayan de Oro City is well-known for its natural and historical attractions and is now in the middle of development launches and project turnovers. Real-estate experts are apparently in agreement that apart from supply and demand, property developers eyes local assets like tourism as another feature to consider in extension and expansion.
Among the key commercial projects scheduled to open in 2017, SM CDO Premiere in the downtown area, the company’s second mall in the city; the Seven Seas Waterpark and Resort, and CityMall in barangay Bulua.
A new community fish port in Bonbon, a seaside barangay, and notable high-rise, condominium-hotel type buildings such as Camella’s The Loop at Limketkai Center, Avida’s Aspire Tower, and Cebu Landmaster’s Mesa Verte Residences are also expected to open this year.
Lamudi Philippines said with sustained progress in the real estate industry backed by an overall economy that various financial institutions predict will grow from 6 to almost 7 percent in 2017. It added that many places in the country are becoming progressively ideal to live and/or invest in.
Source: The Market Monitor
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