Condo-Searching In Cagayan De Oro: Why Buy a Phantasm?

Primavera Residences - Ecofriendly condominium in Cagayan de Oro

Primavera Residences is ready for occupancy, for those who want to buy or rent. No need to wait until 2018!


Some years ago, I was offered by a friend a condo unit near our university in Quezon city for ‘pre-selling’. She explained that the building was not yet built and in fact my initial payment would contribute to the funds for construction. Although I was sure it would have been a good investment – with the rising costs of real estate over the years, I was scared to take the risk.

I had so many questions like what if it really doesn’t push through? What if the area is suddenly discovered to be dangerous? Maybe I am not forward-minded enough to grasp investments when I cannot see something immediately but I think it’s a very normal fear.

I am sure it has the same concept as the low-cost housing that is more popular in the provinces. But at least with the house, you see it slowly being built immediately. I do not know how this idea of pre-sold condos has been catching up in cities outside Metro Manila – like here in Cagayan de Oro – when the concept of condo living is not yet that big anyway.

Come to think of it, there are condo units for sale in Cagayan de Oro which will only be done in 2016 or in 2018. While it’s cheaper for me to pay for them now than when they would already be constructed, I don’t think it’s that much of a deal because by that time it is finished, of course real estate prices would have gone up.

Meanwhile, while I was waiting for them to finish, I still have to pay rent in wherever I would be living. I would prefer the structures that are already ready for occupancy – the Primavera Residences located in uptown Cagayan de Oro for example. I see its location is really good – it is near SM and the growing business lifestyle hub around it – and I could know already the problems and conveniences I would encounter if I would live there.

And the condo unit prices are the same and even lower than what’s being offered by others in the market.

I work hard for my money so I try to make my decisions as sound as possible. And for me, I need to see results immediately. It may not be my best trait but it has saved me from so many disastrous consequences a lot of times already. It never hurts to play it safe.

How to find the best condo unit or apartment for sale and rent in Cagayan de Oro. Click here.