We have seen the growth of Butuan’s economy during the logging industries in the 1960s up to the present modern-day Butuan. Land’s development has been critical for local improvement, and many land owners are starting to embark on business on real estate as they tend to expose their property as to land for sale in Butuan to attract investors from other places.
Butuan City declared as the center of Caraga Region through RA 7901 creating Caraga Administrative Region or Region XIII, or also known as Northeastern Mindanao which comprises the provinces of Agusan del Norte, Agusan del Sur, Surigao del Norte, Surigao del Sur, and Dinagat Islands, and the cities of Butuan, Surigao, Bislig, Bayugan, Cabadbaran, and Tandag. This is when the economic booming activities of Butuan has just begun in 1995.
Butuan City is rich in history. As we know it has already established trading relations in Asia in 11 AD, and subsequently, became the trading and commercial center. Historically, it is also known as the Home of the Balangays, or the Ancient Kingdom of Butuan due to the presence of rajahnate, such as of two known brave king brothers in Butuan, Rajah Kulambu and Rajah Siagu.
When Ferdinand Magellan came in 1521, he established business relations with Butuanons kings and its peoples due to the vast presence of golds, valuing Butuan as the most important places in dealing with peoples, lands, and its natural resources. During those times, Butuan already introduces the importance of property values such as golds, silvers, bronzes and other precious metals including porcelain and ceramics.
As years passed, land ownership dominated the strength and power of individuals through Feudalism, owning vast areas of land as equally important as owning a kingdom with your own peoples under you. A piece of land provides value to individual owners in terms of social, political and economic orders. Until such a time landlord and tenants relationship fully exist.
Butuan City is a Highly Urbanized City have grown economically in terms of infrastructure, projects, and building construction. Butuan is also fast-becoming a cosmopolitan city. Currently, more than 260 financial institutions are operating in the city which includes the Bangko Sentral ng Pilipinas. There are three major commercial centers catering its populace. These are Robinsons Place Butuan, Puregold Price Club, and Gaisano. Leading mall developer, SM, is expected to break ground by the 1st quarter of 2017. High-end real estate developers, such as Filinvest Homes Butuan and Camella Homes Butuan, have put up their residential projects in the city. The West Highlands Butuan is also developing another exclusive community with a 9-hole golf course. More low- and medium-cost housing projects are sprouting in the outskirts of the city evident of the city’s strong market for shelter. Famous food brands have also opened shops in the city such as Jollibee, McDonald’s, Chowking, Greenwich, Mang Inasal, Red Ribbon, Goldilocks, Gerry’s Grill, Max’s and Bo’s Coffee.
The booming constructions and projects as we can witness along the streets of Butuan will relate how the value of property jumps from low price to being competitive as the demands of more development in the city. One aspect is the presence of sub-business districts wherein the value of property in the center is the highest then start to go down as it makes a distance from the center. One example is the location along the Jollibee Centro wherein is the highest property value then slide down to Land Bank (Ong Hoc Building) as the property value started to drop.
Hence, another sub-business district existed at Gaisano Mall Butuan, then another sub-business district at Robinsons Place Butuan. The jump in the value of the property is felt within this specific area due to the presence of huge establishments. Soon in the future, this sub-business districts will dramatically increase due to the ongoing infrastructure development and increasing investors putting up business in the city.
As to the value of the property particularly land, there was an increase every year because of lots of establishments sproutings in the heart of the city, and even in the peripherals. Butuan has a total land area of 81,000 hectares, a flat land surrounded by mountains that form part of Agusan Vally. Due to its shape as being flat and wide with the presence of huge Agusan River, it is ideal for investors to come in and pour their investments. Their presence will spur the development of real estate in Butuan such as building construction, the presence of residential development, and infrastructure projects.
Buy and sell activities are the main action in business, land for sale in Butuan, and even houses for sale in Butuan are the hottest in the industry today. Many are involves getting their share in the business for real estate for sale in Butuan. Licensed Real Estate Brokers and Appraisers along with their agents are actively involves in buy and sell especially land for sale in Butuan.
If the land for sale proximity in the heart of the City, then the value is high as it takes closer to the center or the sub-business district. I have learned that a single large property ready to be disposed of can take for a few minutes ride to reach the center could be around Php1500 to Php2000 per square meters. If it is longer to reach the business center or located along the City’s peripheral barangays could be around Php200 to Php500 per square meters. Anyway, that’s my experience and could change from time to time. I learned that Jollibee Centro, the center of one of the sub-business district could value to Php30,000 per square meters, and that was 4 years ago.
Well, Butuan is moving to a cosmopolitan City. Investors are started coming in to pour all their investments.