Situated as it is in Northern Mindanao, Cagayan de Oro is the gateway to the second-largest island in the Philippines and one of its main economic hubs. The city, whose name literally means “River of Gold”, is part of the larger Metropolitan Cagayan de Oro area, which is composed of one other city and eight towns.
CDO is considered a highly urbanized city, yet its population of around 700,000 makes it just the tenth most populous city in the country and is far from overcrowded. Because of its strategic location, CDO is home to several multinational companies from big industries such as automotive, manufacturing and business process outsourcing. It also has its share of numerous homegrown industries, which help spur economic growth in the area.
Business and pleasure
But Cagayan de Oro isn’t just about business and manufacturing. Around a third of CDO’s land area is devoted to agricultural use to produce crops for both food and commercial use. Livestock and poultry are also produced in abundance.
Cagayan de Oro’s variety of tourist spots and attractions make it an ideal vacation spot. A popular activity for thrill seekers is whitewater rafting where you can shoot the rapids in the Cagayan de Oro River. For those seeking another form of nature tripping, the Mapawa Nature Park lets you go horseback-riding, rappelling, or zooming down a zipline.
There is also the Macahumbus Cave, which serves as a reminder of the Battle of Macahumbus where Filipinos defeated American troops in 1900 at the height of the Philippine-American War. In August the city comes alive with the weeklong Higalaay Festival, which celebrates CDO’s patron saint St. Augustine.
Real estate boom
All this economic activity has also pushed real estate development in the area, particularly residential projects as the standard of living rises and the population get younger. At the forefront of this residential boom is Avida Land and its condominium development Avida Towers Aspira, which is located in the heart of Cagayan de Oro within a couple of kilometers from surrounding major establishments such as Xavier University, LImketkai Center, City Hall, and Centrio Mall and Seda Hotel.
With Tower 1 slated to open this year, Avida Towers Aspira will soon provide an idyllic and safe community for CDO residents. Unit sizes vary from a 23 square-meter studios for single occupants to an 80-square meter three-bedroom bi-level unit for young families, all of whom can get to enjoy amenities such as a swimming pool, multipurpose hall, open plaza, viewing deck, playground, residents’ lounge, game room, a retail strip and fitness zones.
Avida Towers Aspira is the perfect residential investment to complement Cagayan de Oro’s steady urbanization and economic growth.