Cagayan De Oro City Fiesta 2016 Schedule of Higalaay Festival

The most anticipated time of the year for Cagayan de Oro City is its City fiesta annually held on the 28th of August, feast day of its patron saint – Saint Augustine. However, it’s not just a one day celebration for the Kagay-anons but a whole month of festivities. Since its already August, the city is now getting busier with various ongoing events, as well as upcoming exciting activities ahead. So don’t be left out. You need to be abreast with the events  you can participate in or watch, and one of the first things to do is to keep in mind the calendar of activities for the 2016 Higalaay Festival.

2016 Higalaay Festival Schedule of Events

For the benefit of the local and international tourists who will be visiting the city of Golden Friendship, Higalaay in local term is Friendship. Therefore, the event is called Friendship Festival, which the Kagay-anons are known for. So make and meet friends as you join and enjoy the Higalaay Festival celebration this year. Here are the events for the month-long celebration of Cagayan de Oro city fiesta.

  • Augst 1 – 3: Garden Show and Agricultural Fair at Gaston Park
  • August 4- 6: Mindanao Fashion Summit at Lim Ket Kai Center rotunda
  • August 13: Miss Cagayan de Oro Coronation Night, 7pm at Lim Ket Kai Center Atrium
  • August 17 – 19: Kumbira – A Culinary Festival at Lim Ket Kai Center Atrium
  • August 19 – 28: Kahimuan Trade Fair
  • August 20 – 21: Annual Horse Show/ Cowboy Festival at PN Roa Property
  • August 20: CDO Carnival Parade at Centrio Mall as the starting and finishing points
  • August 21: Kagay-an Marathon Festival from Velez-Luna Streets to DiviSoria area
  • August 27: Higalaay Parade of Floats, 7am starting from Rodelsa Circle to Lim Ket Kai Center
  • August 27: Fireworks Display, 8pm
  • August 28: Religious Procession, 4am at St. Augustine Cathedral
  • August 28: Pyro Musical Competition, SM CDO, upper Carmen, Cagayan de Oro City

 

Among these events, the Higalaay Parade of Floats is not to be missed. Take part of this parade and you will surely feel the energy and awesome festivity experience in the parade of colors, as the Kagay-anons showcase their utmost creativity in float design and presentation. The resounding music of drums and bugles across the city streets will further make your festival experience worth remembering for a lifetime.

Also not to be missed is the musical pyro competition held every year at SM CDO at the uptown. Several participants from other cities will be coming over just to join the competition for the pyrotechnics that will light up the city at night.  And if shopping is your craze, SM will also hold its annual 3-day Sale on August 19 to 21. Apparently, Centrio Mall, Lim Ket Kai Mall, and Gaisano Mall will have their own sale days, as well, during the festival period.

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5 Things You Should Know Before Buying a Real Estate Property in CDO

Cagayan De Oro Real Estate

If you are planning to buy a real estate property in Cagayan de Oro, there are things you need to know first to make your planned purchase smooth and without a flaw. Things can be pretty good at the start, but if you don’t do your research well enough about the property, then sooner or later you could end up on a disadvantageous end and full of regrets.

 

Accessibility

It is plainly logical to choose a place that is accessible to vital centers like roads, public transport, public market or a shopping store, schools, church, and so on. But the most important of all is an access road and transportation. This is basic, without which your life could end up in chaos living in the property without the necessary accessibility that fits your lifestyle and needs.

 

Cagayan de Oro CIty

Legal Documents

Every real estate property has legal attachments that you need to deal with. This include, among others, the Certificate Transfer of Title, the Deed of Sale, the Vicinity Map, and the Tax Declarations. The TCT must be carefully scrutinized to the smallest details, and if you are not quite keen on details then here are some important points to take note of.

Check the registered owner stated in the title. It should be the full legal name of the seller. Aside from that, check further if the ownership is sole or as spouse. If ownership by spouse, then the transaction should be with the consent of both parties. Moreover, look further to the back of the title and check for encumbrances that could signify some issues in the past to present. Should you find any encumbrance, it should be cancelled in the latest entry. Otherwise, such encumbrance remains active. In short, make sure the title is clean.





 

Real Estate Broker in Cagayan de Oro

Should you need a broker in CDO or not? This is the most common question asked by many buyers of real estate properties. Unfortunately, it is a common notion that having a real estate broker could only add up to the total costs. That’s why, some people prefer to transact direct to the owner in order to do away with the middle man and get huge savings.

While this may be true, but having a broker may actually help you get the best bargain in town for the ideal property for you. Take note, as well, that by law only a duly licensed real estate professional with necessary accreditation from HLURB can facilitate real estate transaction, unless the property is directly sold by the owner with the title showing his/her full legal name. If not, then the transaction may deem illegal. So make your choice. It may be wiser for you to get the services of a licensed real estate broker if you want to buy properties in Cagayan de Oro.

 

Check the Flood Map

After the destruction of typhoon Sendong that hit CDO back in 2011, it is now imperative to make a flood map check before buying any property in Cagayan de Oro to ensure that the desired real estate property is way out of the flood zone. You can check this out at the DENR office. Alternatively, this data is also available to the public at the office of Mines and Geo-Sciences Bureau.

flood map cdo

Verify the Fair Market Value

Don’t just accept the price being offered to you. Rather, negotiate for a lowered price. But negotiation will only be on your side if you do your own price comparable check on recently sold properties around the area to ensure that the selling price is within the Fair Market Value range. At the end of the day, your meticulous research will surely pay off.

real estate CDO

Real Estate Properties in Cagayan De Oro

The real estate industry is flourishing amidst the rising high-rise developments around the city of Golden Friendship. The skyline of CDO is now filled with towering cranes, showing signs of development and urbanization. And yet, this is just the beginning of the infancy phase of real estate boom. This only signals one thing, and that is to act now and to start investing in real estate. So if you are planning to buy one, take note of the above tips.

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About Cagayan De Oro

Cagayan de oro

Cagayan de Oro is a highly-urbanized city in Northern Mindanao that is bustling with city life, and with a booming economy. The city received multiple awards in the past years, and continuous to receive citations and awards every now and then. In fact, the recent one was just a few weeks ago when Cagayan de Oro was cited as the leading city in the Philippines for Automation of Business Process and Licensing System (BPLS). Such citation was based on a survey by the Department of Science and Technology (DOST). The award was given sometime 4th week of June 2016 at Intercontinental Hotel, Manila and received by its incumbent and re-elected city mayor Oscar Moreno.

CDO as One of the Most Competitive Cities in the Philippines

Last April 2016, the City of Golden Friendship was also named as one of the top 10 most competitive cities by the National Competitive Council of the Philippines or NCC. CDO was ranked 6th place. Although a downgrade from 2nd place the previous year, nevertheless, this is already a feat for a city booming with infrastructure, attractive tourism, progressive commerce, efficient system, and profitable trade.

In the last quarter of 2015, the Commission of Audit released the 2014 Annual Financial Report showing Cag. De Oro in the list of top ten richest cities in the Philippines based on equity. Obviously, number one on the list is Makati City with P34.46 billion in equity, followed by Quezon City at P31.92 and Pasig City at P20.04B. Most from Luzon, and only two cities in Mindanao made it on the list with Cagayan de Oro at 10th place with P4.67B in equity.

Cagayan de Oro Economy

Cagayan de Oro, real esate Cagayan de oro

Economy wise, Cagayan heavily relies on commerce, tourism, trade, and industry.  Investments from both local and international sources keep on coming in and have already reached 7.4 billion in the 1st semester of 2012 with a net income of P2.041B by year’s end. The BPO sector is set to boost the city’s economy with Teleperformance expanding its offices to CDO at Centrio Mall within the year, further strengthening the BPO industry in the city; and there is still enough room for growth for other BPOs to follow suit aside from the already existing ones like Concentrix and Arriba Telecontact.

In February 2015 issue of Entrepreneur Magazine, Cagayan de Oro was featured as one of the ‘Three Surprising Cities and Boom Towns that are best for business.’ Such citation was based from a study conducted by a reputable and multiple-awarded real estate firm. The study showed that the city has an efficient business registration system with processing time as fast as 51.84 minutes as a result of the five-step business processing time for permits, licensing, and registration initiated by the local government. As of 2011, CDO already has 17,973 business establishments.

Population and Employment of Cagayan

Cagayan has a population of 602,000 based on a 2010 census, and apparently at this time the population has already grown with increasing migration from nearby provinces, especially from students yearning to complete college degree from reputable universities in Cagayan de Oro City. Further to that, the coming of BPO and influx of investments created employment that continuously attract more jobseekers to migrate to CDO. It is estimated that around 6,900 new jobs are created annually on an average. It’s not surprising that the employment rate of Cagayan is high at 94.4%; higher than the national average, and higher than the employment rate of Manila.





 

City Fiesta of Cag. De Oro

Every year, the City of Golden Friendship celebrates the Kagayha-an Festival, celebrated every 28the day of August, which is also declared as a local holiday. The other local holiday is June 15, celebrating its Charter Day. The city fiesta is an event to look forward to by every Kagay-anon and tourists alike because of the colorful and festive activities. Parades, fairs, shows, and the Ms. Cagayan beauty pageant usually grace the events every year. In fact, its annual beauty pageant already produced not only a Ms. Philippines, but also brought back the Ms. Universe crown to the Philippines after several decades. Pia Wurtzbach started from the Ms. Cagayan beauty pageant.

Cagayan de Oro Real Estate

Cagayan de Oro real estate

One of the key drivers of the robust economy is the booming real estate of Cagayan de Oro, especially with the presence of major developers like Ayala Land Inc.  When Avida Land Corp first introduced condominium lifestyle to the Cagay-anons way back in November 2011 when it launched Centrio Tower, the launch was a huge success with close to 50% sold during launching. Within 18 months, Centrio Tower was eventually sold out and Avida is now on its second project, Aspira Tower, which is located along Ramon Chavez Street. This only shows the residents flexibility to condo lifestyle. At present, other developers have also launched mid-rise and high-rise condo projects within the city, making the condominium market competitive.

Inventories for house and lot properties have also increased with the launch of several subdivisions from different developers including Bella Vita and Amaia, the socialized and economic housing brands of Ayala Land Inc. respectively. Real estate developments are ongoing in both uptown and downtown areas of CDO, and the skyline of the city is now filled with construction cranes from ongoing developments.

Other Economic Indicators

Education in Cagayan

Aside from real estate of Cagayan de Oro, its education system is also competitive having four universities like Xavier University Ateneo de Cagayan, Liceo University, Capitol University, and the Mindanao University of Science and Technology. Recently, Ateneo de Cagayan was cited as one of only four top universities in the Philippines that made it to the top 350 universities in Asia based on the QS University Ranking: Asia 2016.

Transport in CDO

CDO real estate

In terms of accessibility and transport, CDO is strategically located with access to land, sea, and air. Air travel is via the newly-built Laguindingan Airport situated at Laguindingan of Misamis Oriental, roughly mid-way between Cagayan and Iligan cities. It is also accessible by sea via the port of Cagayan de Oro in Macabalan for passengers and cargo. After completion of the P250M rehab project, the port of CDO is now considered as the biggest in Mindanao for both local and international trade that can handle approximately 1.4M metric tons of cargoes for the Q1 of 2016, increasing its volume by about 9.7% over the same period the previous year. At this rate, it should end 2016 with about 5.6M metric tons.  This is the 3rd in the country next to Manila North Harbor and MICT, respectively.

CDO Commercial

Commercial centers are likewise booming with major players like Ayala Malls, SM, SaveMore, Limketkai, and Gaisano Malls.  SM is now one its second mall along CM Recto and Osmena streets. On the other hand, Ayala is now a mixed use development with Seda Hotel, upcoming BPO, and upcoming condominium with Centrio Tower scheduled for turnover anytime this year. Other commercials are coming within the year, as well, such as S & R (scheduled to be launched end of July), and City Malls.

Summary

The City of Golden Friendship, Cagayan de Oro, continuous to grow in all economic aspects; from business, commercial, and industrial, to tourism. All these are indicators of a booming real estate, making it one of the best cities in the Philippines to invest in. Aside from investment, Cagayan is also blessed with natural attractions, making it one of the top Philippine destinations for both local and international visitors. With the influx of tourists coming in, no doubt its real estate industry will greatly benefit from its thriving tourism, and this is on top of its economic boom.

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