Misamis Oriental is one of the five provinces in Northern Mindanao, and its capital is Cagayan de Oro. It's famous for its lush forests, stunning beaches, and other awe-inspiring natural marvels. It’s no wonder that people are attracted to move to this province and build a life in Misamis Oriental. If you’re thinking about buying a house for sale in Misamis Oriental and want to know more about the real estate market there, this guide to Misamis Oriental real estate is for you.
The Misamis Oriental real estate
Investing in a property needs a lot of careful consideration because it comes with long-term financial and personal implications. That’s why we at Johndorf Cebu are sharing this guide to Misamis Oriental real estate, so you can assess for yourself whether it’s a worthwhile investment in this location.
Economy
Misamis Oriental’s economy is slowly recovering after the pandemic. In fact, it’s now named as one of the top three contributors to Northern Mindanao’s economy. With a growing economy, there’s an increased demand for real estate, and it can drive up property prices. So when you invest in a Misamis Oriental real estate property as early as today, you can earn greater profits in the future as a real estate investor.
Prime business hub
Misamis Oriental is now strengthening its position as one of the leading centers for business and economic activities in the Northern Mindanao region. According to Phividec Industrial Authority (PIA) Administrator Franklin Quijano, there’s currently worth P4 billion of investments pouring into MisOr’s economic zone. Within the economic zone, notable businesses include Gardenia Bakeries, San Miguel Corp, as well as companies specializing in steel manufacturing, liquefied natural gas, and the production of tennis balls.
As businesses grow, more jobs open up, prompting individuals to seek a house for sale in Misamis Oriental to shorten their commutes. This also presents an opportunity for you to consider renting out your property.
Infrastructure projects
Recently, the National Economic and Development Authority in Northern Mindanana (NEDA-10) secured a P12.7 billion development plan for Northern Mindanao airports. By improving and expanding the NorMin airports, it’s expected that it will help boost economic growth, particularly the Laguindingan Airport in Misamis Oriental. Meanwhile, the Bureau of Customs (BOC) has completed a new sub-port building at the Mindanao Container Terminal (MCT) in Misamis Oriental, which will help streamline operations and improve revenue collection performance. With more infrastructure development, it’ll help attract more investors, stimulating the growth in Misamis Oriental real estate.
Tourist destination
Misamis Oriental also offers a lot of fun activities for local and foreign tourists. The province is popular for its white water rafting, island hopping, forest parks, and adventure parks. Moreover, MisOr is known for its food delicacies, such as puto maya, halang-halang, sasing kinilaw, ngo hiong, and sikwate. So whether it's natural wonders or food you’re looking for, MisOr has everything for you.
Ready to invest in Misamis Oriental real estate?
Did our guide to Misamis Oriental real estate help you in making a decision to buy a home in the province?
If you’re looking for a reliable partner for your housing needs, Johndorf Ventures is here to help. We have ongoing housing projects in Misamis Oriental, such as the Tierra Nava Opol. It’s a subdivision located in Brgy. Manlang, Opol. Available units are a two-story type with two bedrooms. The units are perfect for returning OFWs, professionals, middle-class workers, and small families. Alternatively, if you’re interested in other locations, we also have Davao housing projects.
Whatever your choice is, you can reserve your property here today!
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