CDO's 60-Hectare 'The New City' Advances, Eyeing ₱100-B Value

Summary

• Cagayan de Oro's City Government-led "The New City" in Barangay Lumbia has begun Phase 1 land development on a 60-hectare mixed-use township.
• Four-phase build will deliver 20,000 housing units plus a convention center, hotel-resort, mall, public market, and transport terminal.
• Public-private partnership structure opens direct investor entry into a fast-urbanizing uptown CDO growth corridor.
• Planners project the estate to reach roughly ₱100 billion in real estate value within 20–25 years.

News Content

Cagayan de Oro's flagship "The New City" township in Barangay Lumbia has moved into active Phase 1 land development, spearheaded by the Department of Human Settlements and Urban Development. The 60-hectare, city-government-led project is structured as a public-private partnership and will roll out across four phases, ultimately generating 20,000 housing units to help close the city's roughly 30,000-unit housing backlog. Anchored by the Klarexville socialized-housing clusters under the national Pambansang Pabahay para sa Pilipino (4PH) program, the township is also drawing private capital: four letters of intent covering a mall, convention center, public market, and transport terminal have been submitted to the Board of Investments. City planners estimate the fully built community will carry a real estate value near ₱100 billion within 20 to 25 years, alongside substantial recurring tax revenue.

Real Estate Outlook

Lumbia and CDO's uptown corridor are positioned for sustained land-value appreciation as the township adds jobs, retail, and transport links. Early investors in adjacent residential and commercial parcels stand to benefit from rising demand well ahead of full four-phase completion.