Cagayan de Oro: Epitome of an Emerging Market

Recently named by the United Nations as the Emerging City of Tomorrow, Cagayan de Oro is undoubtedly in every investor’s radar today. A visit to this progressive city will leave you a special appreciation in your heart that Mindanao is no longer a primitive island or a war freak zone but a place where residents go to Starbucks for coffee and Krispy Kreme or JCO for donuts.

Cagayan de Oro remains strong despite its painful past. Destroyed by Typhoon Sendong in 2011 and hit by a tragic bombing incident in 2013, this city still draws millions and even billions worth of investments mostly in retail, realty, and hospitality industry. In the photo (left side) are the towering gold Limketkai Luxe Hotel that just opened this year and beside it is Limketkai Gateway Tower. At the center is the international Tune Hotel which opened doors last year and barely seen is the under construction G Galyx Hotel. And in the right side are Ayala’s Centrio Mall and Seda Hotel. At the back of Seda is the luffing tower crane for the construction of the 23 story Avida Centrio residential condominium.

More prominent structures will be added in this skyline soon as more high-rise buildings will be built in CDO like Aspira Twin Towers, a 29 and 33 storey condominium project by Avida Land Corporation. Also in the pipeline is The Loop, a 26 storey twin tower condominium by Vista Land. The former had its groundbreaking last April 4 while the latter will have its turn this month. SM will also build a mixed use project near Tune Hotel which will comprise of a premier mall, hotel, and BPO building.

Indeed, Cagayan de Oro is a fast changing city with a market that is strong and viable. Visit us now to know what it takes to be the country’s most competitive city.

Photo by Vincent Tom Udasco