Uptown CDO Expands Westward: Pueblo de Oro’s Familia Verde Phase 3 Secures Council Nod
CAGAYAN DE ORO CITY — The city’s march toward the uplands has gained another solid foothold. On March 9, 2026, the 21st City Council formally approved the development permit for Familia Verde Phase 3, a residential project in Barangay Lumbia applied for by Pueblo de Oro Corporation. The legislation sailed through after an ocular inspection and endorsement by Councilor Edgar S. Cabanlas’ committees.
For real estate watchers, the approval is more than a routine permit—it is a fresh signal that Lumbia is cementing its status as the next major residential corridor in Cagayan de Oro’s expanding skyline.
By the Numbers
The project covers a total land area of approximately 57,460 square meters, or about 5.75 hectares, located along the Pahiron Road corridor in Barangay Lumbia. It will contain 391 lots (some sources cite 389, likely due to final permitting adjustments) and was formally approved on March 9, 2026, with Pueblo de Oro Corporation as the developer. The mid‑sized, well‑planned subdivision is designed for families seeking space and security within a master‑planned environment, subject to conditions ensuring road networks, drainage, and utilities meet local standards.
Lumbia’s Transformation
Just a few years ago, Lumbia was best known for its airport and vast stretches of undeveloped grassland. Today, the landscape is rapidly changing. The barangay sits along the Pahiron Road axis, a critical artery connecting the city’s uptown core to the western municipalities of Misamis Oriental. With its elevation, cooler climate, and available land banks, Lumbia has become a magnet for developers seeking room to grow beyond congested southern districts.
Pueblo de Oro has been a pioneer in this shift. The developer has already launched earlier phases of Familia Verde on the same corridor—affordable townhouse communities that have proven popular among young professionals. Phase 3, with its lot‑only offering, allows buyers to build their own homes within a master‑planned environment.
Pueblo de Oro’s Bigger Bet on CDO
Familia Verde Phase 3 is not an isolated venture. In early 2026, the company disclosed it has invested ₱13.5 billion in mixed‑use and residential projects across the city. Beyond Familia Verde, Pueblo de Oro’s portfolio now includes Masterson Mile North, a ₱13.5‑billion vertical complex; Southridge Residences, a lots‑only subdivision; La Aldea del Rio, a 4.3‑hectare townhouse community; and approximately 30 hectares of prime land being prepared for IT and BPO investors.
Why Lumbia?
For investors and homebuyers, Lumbia offers a compelling value proposition. Land prices remain more accessible than in saturated uptown villages, yet the area is poised for rapid appreciation as infrastructure catches up. The barangay is already served by paved roads, and its proximity to the Lumbia Airport redevelopment zone adds future upside. Lumbia’s expansion dovetails with Megaworld’s Upper Central township in nearby Indahag and CLI’s One Manresa Place, collectively transforming the city’s northern flank into a continuous growth corridor.
With the permit secured, Pueblo de Oro can now proceed with site development. In a year or two, what is now an open field in Lumbia will become someone’s front yard—a quiet testament to the city’s unstoppable growth.
