Cagayan de Oro’s condo market is booming, with launches and sales up 280% since 2021. Leading global real estate consultancy and services firm Colliers reports the city now has 7,390 units, including 730 launched in 2024, with 670 units sold that year—up 283% from 2021. The growth reflects the city’s rising economy and changing lifestyles, as more young professionals, families, and investors choose condos for their prime locations, modern amenities, and easy upkeep.
The city posted the highest surge in 2024, with condo launches and take-up nearly tripling compared to other key cities in the VisMin area.
Cagayan de Oro’s condo boom is driven by demand for housing near key areas like business hubs, schools, and malls, combined with affordable pricing and easier financing. More people are choosing the convenience, security, and amenities of condo living, while strong rental demand from students, workers, and expats attracts investors. Major developers have responded by launching projects across the city, offering everything from affordable studios for young professionals to upscale units for families and high-net-worth buyers.
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