with photo by Efren Gaslo

Cagayan de Oro City has been identified as among the expansion sites for the Norkis Group’s real estate venture in partnership with Cañedo Equity Ventures (CEV) through CEV’s property developer arm, Philippine Paramount Property Ventures Inc. (PPVI).

In an article at SunStar Cebu, lot acquisitions are reportedly ongoing in key cities in Visayas and Mindanao including Cagayan de Oro as part of its provincial expansion starting in 2019.

The partnership already produced a 10-hectare subdivision development and a 6.7-hectare memorial park in Compostela town in Cebu Province which will be launched later this year. In the arrangement, PPVI will be the developer while Norkis owns the land.

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