Ayala Land Inc. or ALI is set to invest here in Cagayan de Oro the biggest mall in Mindanao costing at least P4.5 billion, this will boost investor confidence in the city which is part of Northern Mindanao.

The city mayor here Constantino Jaraula said that Ayala land Inc. will build the P4.5 billion shopping and recreation mall in its newly acquired property in the heart of this city’s bustling business district along C.M. Recto national highway this year.

“Once completed, this Ayala mall would make the city the major shopping destination in Mindanao as this will be the biggest mall in the region and will further boost our beloved city as a haven for investment,” Mayor Jaraula said.

The mall will be more bigger than Davao City’s P3 billion Ayala Mall, which is set to open in 2012, as the mayor said.

Mayor Jaraula said ALI officials chose Cagayan de Oro as the site of their biggest investment in Mindanao because of its strategic location and peace-and-order situation. ALI’s move will be Cagayan de Oro city’s entry to the big leagues, the mayor said, adding that the company is known for its high-end projects such as Ayala Alabang, Dasmariñas Village, Forbes Park Makati, Ayala Westgrove Heights, Ayala Greenfield Estates, Amara, Ayala North Point, The Residences at Greenbelt, One Serendra and Anvaya Cove.

Although ALI has yet to submit and complete its papers for this project, the city government has already approved the company’s plan to start construction of its pet project in Mindanao. The Ayala Mall – Cagayan de Oro is the latest project of ALI here.

In 2006, ALI developed its high-end subdivision here called Alegria Hills on a 53-hectare land located 240 meters above sea level and approximately eight kilometers from the city proper that straddles the barangays of Indahag, Macasandig and Camaman-an.

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Soon to rise in the Pueblo de Oro business park is Primavera Residences. A fresh concept in urban living combining modern amenities with environment-friendly architecture. It is a two 10-storey condominiums having amply–spaced condo units offer a spectacular view of Cagayan de Oro City and Macajalar Bay. Its close proximity to SM City Mall CDO, Xavier University, St. Francis Xavier Parish, the Pueblo de Oro Golf Club, and other essentials provides you the comfort and convenience of master-planned community.And within the towers, you’ll find a lush green atrium and terrace with trees and lots of greenery. Experience “green” city living in a well-planned township.

Since accepting reservation for a month now it is almost fully reserved so grab your reservations now to secure your unit. Reservation fee is P20,000. For more information please contact us.

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Within the Pueblo Business Park is the Pueblo de Oro IT Ecozone, the first and so far the only information technology park in Mindanao duly proclaimed and registered with the Philippine Economic Zone Authority (PEZA). It was proclaimed an IT Ecozone by President Gloria Macapagal Arroyo in January of 2005. The Pueblo de Oro I.T. Ecozone is located just beside SM City Mall and is close to several residential villages and other facilities.

Business process outsourcing and IT-related businesses can enjoy fiscal and non-fiscal incentives such as income tax holidays from 4 to 6 years, exemption from import duties on machinery, equipment and materials, permanent resident visas for investors, and a large resource of hardworking, intelligent, excellently-trained IT personnel who graduated from prestigious universities. In addition, the city government offers investment incentives to businesses under the Cagayan de Oro Investment Incentives Ordinance of 2002 (Ordinance No. 8268-2002).

Lot sizes range from 900 to 1,100 sq.m. (9,684 to 11,836 sq.ft.) and lot prices from PhP 11,577/sq.m. to PhP 12,680/sq.m.

Underground provisions for cables and telecom facilities where many telecom providers have put up their broadband nodes are in place. In addition, an interconnected electrical distribution system loop is connected to three Cagayan Electric Power and Light Co. (CEPALCO) substations, better ensuring constant power supply.

Provisions for power and water, 24/7 security including Fire Station and fire truck, K-9 patrol, surveillance cameras.

Philippine Economic Zone Authority Incentives

• Income tax holiday (ITH) for 4 years for Non-Pioneer and 6 years for Pioneer I.T. enterprises;
• Option to pay 5% tax on Gross Income in lieu of all national and local taxes upon expiration of ITH, except for real property taxes;
• Exemption from import duties and taxes on imported machinery and equipment and raw materials;
• Exemption from Real Property Tax on ICT Equipment and other related facilities:

Computer network, hardware and peripherals Telecommunications and telephony equipment Structured cabling and hardware

Fiber optic equipment

Air-conditioning units

Standby generators and unlimited power supply

Shall commence upon start of business operations under the following schedules:

1st year 100%
2nd year 75%
3rd year 50%
4th year taxable in full

The City’s Local Incentives provides fiscal and non-fiscal incentives under the CDO Investment Ordinance to ICT related investment

New – capitalization of Php10 Million and employs at least 50 people preferably residents of Cagayan de Oro

Existing Investors – expansion or relocation of project shall entail total project cost of not less than Php8 Million and employ at least 40 people preferably resident of Cagayan de Oro City

• Additional deduction equivalent to 50% of training expenses;
• Employment of non-residents
• Other incentives as may be determined by the PEZA Board

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This is a commercial strip in front of Golden Glow North along Macapagal Drive and the new SM Landfill-Bypass Road where a limited number of lots in cuts of 324-400 sq.m. or more are available for business and office use. It is close to the proposed Regional Investment and Promotion Center, a one-stop shop to promote investment and tourism in the region, and the ORO CHAMBER Business Development Centre.

Lot prices range from PhP 6,800.00/sq.m. – PhP 7,790.00/sq.m.

Amenities:
Aside from directly fronting Macapagal Drive, a national highway, Golden Glow North – Commercial has provisions for power and water, 24/7 security including Fire Station and fire truck, K-9 patrol, surveillance cameras.

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Pueblo de Oro Business Park, the first PEZA Approved Information Technology Park in Southern Philippines.

Pueblo de Oro Business Park is located along the airport Road in Lumbia, Cagayan de Oro City. It is a commercial center where SM Mall CDO is located. LinktoSupport, the call center of Linksys is also located here and is best for Information technology business.

Selling Price:
Corner Lot: Php 12,680.00 per sq. meter
Inner Lot: Php 11,577.00 per sq. meter

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