The township will offer Neo-Victorian themed homes.
Metro Manila is no longer the lone center in the country that is piquing the interest of businesses.
Investors are now looking to the south for their new ventures, and for a reason: the Northern Mindanao center that is Cagayan de Oro boasts of close trade links with other provinces in the country, as well as with Taiwan, Hong Kong, Singapore, Korea, Indonesia, and Malaysia.
Cagayan de Oro has also notably remained in the National Competitiveness Council’s list of most competitive cities in the country for three years now, and in the IT and Business Process Association of the Philippines’ list of New Wave Cities, which identified prospective hubs that can serve as alternative investment destination for outsourcing companies.
Cagayan de Oro, in particular, is found to be among the most attractive business locations in the region because of the comparatively low cost in terms of labor, services and utilities.
It is even deemed by many investors such as property developer Fino Land Inc. as “one of the fastest growing, moderately urbanized and most peaceful cities in the south,” whose economic growth is expected to be sustained given the continued support of Mayor Oscar Moreno, who has meanwhile opened new areas in the city for urban expansion and development.
Housing backlog
Amid all the progress in the area however, the Northern Mindanao region still finds itself short of 250,000 housing units, thus attracting real estate developers to start building residential communities, said Fino Land general manager Voltaire Antonio Flores.
“With Northern Mindanao’s population of 4.7 million, people from Bukidnon, Iligan, Valencia, Butuan and other municipalities have bought second homes in Cagayan de Oro,” Flores told the Inquirer.
Fino Land Inc. is one of the real estate developers that saw Cagayan de Oro as an ideal location for its township project under the Pontefino Estates brand. It is currently developing the Pontefino Estates CDO, which houses St. Francis Heights, the newest masterplanned community in Uptown Cagayan de Oro.
Strategic location
The estate’s strategic location—it being near Ateneo de Cagayan, SM Uptown Mall and St. Francis Xavier Church —makes it an ideal and sought-after home, according to Flores. Situated along Fr. Masterson Avenue, the future community will provide easy access to uptown Cagayan de Oro.
“It is also envisioned to add sophistication and character to the lifestyle of Cagayanons,” he added.
Fino Land is known for its Neo-Victorian themed townhomes as seen in its residential projects in Batangas City. The Pontefino Estates CDO clearly offers a unique proposition, especially for those seeking homes with a historical vibe and an edge of elegance.
The Pontefino Estates CDO caters to the higher-end market, particularly overseas Filipino workers coming home to their families; doctors tired from a long shift; and retirees or empty nesters just looking for a comfortable yet luxurious home that is safe from floods and close to nature.
Indeed, the success of Cagayan de Oro City no longer comes as a surprise in a country that prides itself of having the most hospitable people in the world—and it should be the same when giving a home to their fellow countrymen.