1) Flourishing Economy
The Cebu economy continues to perform well and this can be seen by the increase in office spaces. A 43 percent growth in office supply will take place between now and 2020 with the region’s rapidly growing BPO industry a key driver of this. Multinational companies are also moving to Cebu, thanks to the presence of a skilled labor force. This ensures a positive business outlook in the years to come and this will benefit the property sector.
2) Tourist Friendly
Tourist arrivals to Cebu increased regularly during the past few years and these numbers will keep improving, thanks to the recent opening of Terminal 2 at Mactan-Cebu International Airport. In 2017, tourist count surpassed the region's 6.3-million target for the said year and posted a 17.13 percent growth from the 2016 arrivals. DOT regional director has been bullish on his outlook on the region's tourism industry considering the modernization of airports in Cebu and Bohol. He said the opening of these airports will bring in more visitors into the region. The region's top tourism market is still Korea, with the highest number of tourist population, noted to be 895,776 in total; followed by China with a volume of 429,306 and has the highest growth rate among the top ten markets; Japan with 408,566; and USA with 219,796.
The Cebu economy continues to perform well and this can be seen by the increase in office spaces. A 43 percent growth in office supply will take place between now and 2020 with the region’s rapidly growing BPO industry a key driver of this. Multinational companies are also moving to Cebu, thanks to the presence of a skilled labor force. This ensures a positive business outlook in the years to come and this will benefit the property sector.
2) Tourist Friendly
Tourist arrivals to Cebu increased regularly during the past few years and these numbers will keep improving, thanks to the recent opening of Terminal 2 at Mactan-Cebu International Airport. In 2017, tourist count surpassed the region's 6.3-million target for the said year and posted a 17.13 percent growth from the 2016 arrivals. DOT regional director has been bullish on his outlook on the region's tourism industry considering the modernization of airports in Cebu and Bohol. He said the opening of these airports will bring in more visitors into the region. The region's top tourism market is still Korea, with the highest number of tourist population, noted to be 895,776 in total; followed by China with a volume of 429,306 and has the highest growth rate among the top ten markets; Japan with 408,566; and USA with 219,796.
Cebu province had the highest visitor count in the region, which saw 1.98 million domestic arrivals, accounting for 62 percent of the total, and 1.77 million foreign arrivals, accounting for 80 percent of last year’s initial total. Cebu was followed by Bohol with 643,864 domestic and 259,727 foreign; Negros Oriental with 554,550 domestic and 141,853 foreign; Siquijor with 44,905 domestic and 40,971 foreign.
3) High Rental Demand
With a steady demand for rentals and double-digit price growth, property investors buying Cebu real estate are scooping up condos. The quality of developments in Cebu continues to rise with residents now being able to enjoy the same standard of amenities found in many Metro Manila projects.
The Pudgett Place
A fully furnished 2 bedrooms unit ready for occupancy at The Padgett Place located in the heart of Cebu City is currently marketed by Bachelor's Realty & brokerage which offer an easy move-in rent-to-own equity promo. On the other hand, the developer also giving a free lifetime membership on their golf course in Liloan Cebu. The development has a modern amenity including swimming pool & kiddie pool, fitness gym & coffee shop. The property has its own manager, if the owner opt to rent out his property through contract or daily rate(AirBnB). It is located five minutes ride from JY square mall and a 15mins ride from Cebu Doctors Hospital. Priced at Php. 12.6 million (USD 240,385)
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| The Padgett Place Molave St., Lahug, Cebu City |
The Trillium Residences
The Trillium Residences is a Cebu condo development popular among both domestic and international investors. The central location and high-quality facilities will see it be an in-demand place to live. All units are now ready for occupancy and few units are left due to its high rental demand. Studio unit is priced at Php. 3.4 million (USD 65,385) while the one-bedroom unit is at Php. 5.54 million (USD 106,540).
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| The Trillium Residences roof deck swimming pool |
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