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PIA Press Release
2007/04/21

Two new subdivisions soon to rise in Oro

Cagayan de Oro City (21 April) -- TWO new subdivisions will soon begin their development in Cagayan de Oro City.

This after the City Council approved during its regular session this week, the application for development permit of the two subdivision developers namely, Fil-Estate Properties and Land Resources Corporation.

The city council approved the application of Fil-Estate Properties for the development of Bahia Vista Phase II, located at Barangay Gusa, covering an area of 34,000 square meters.

It also approved the application of Land Resources Corporation for the development of Tuscania Subdivision, located at Barangay Kauswagan, covering an area of 44,210 square meters.

Estrella Sagaral, city planning and development coordinator, disclosed that with the approval of their development permits, the two subdivision developers can now start their respective housing projects.

Sagaral noted that as of 2003 the city has continually experienced a dramatic growth in the housing sector with subdivision developers offering one core to ready-to-occupy housing units.

Since then, the city has approved 40 complex subdivisions with two high-end residential estates.

In 2006, Sagaral said that her office approved seven subdivisions: the Westfield Homes, Liberty Land, Portico, Silver Creek, Meadow Heights, Le Miranda and Richmond Hills.

For this year, the city government approved the permit of Ayala Land, Thick Wood of A. Brown, Bloomingdale of Liberty Land and Vista Verde of Pueblo De Oro.

With these developments, Sagaral said that the city is undeniably the fastest growing city in the country today as it conforms to the thrust of City Mayor Vicente Y. Emano to make the city the fastest growing economy in the country. (Cagayan de Oro City Information Office/PIA-MisOrOccCam i-Net) [top]

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