Cebu is the first choice of many foreigners when coming to the Philippines, and it should be one of your first choices too. It is distinctly cleaner and more tourist-attractive than say, Metro Manila. According to Axe Real Estate, the prices of the condos for sale in Cebu are like those in the better areas of Manila. A lot of cities in Cebu are also highly-urbanized and caters a myriad of commercial and business hotspots for your or your client’s needs.
Along with this, Cebu also harbors dozens of islands and tourist attractions that dramatically increases the demand for the value of the area. There are also a lot of condos for sale in Cebu that was developed and is being constructed due to an expected high demand in the future.
Here are some of the best areas in Cebu to buy and invest in condos:
Cebu Business Park, Cebu City
This area is one of Cebu City’s leading commercial and business districts. Its centerpiece is the famous Ayala Center Cebu that is visited by more than 600 thousand people daily. Along with these, are local and foreign banking companies and industries like Asia United Bank, PSBank, Metrobank, and BDO to name some. Ayala Land is the leading developer in this area, with condominium projects such as Avalon Condo Cebu, Park Point Residences and The Alcoves. Surely a highly urban environment.
Cebu IT Park, Cebu City
Formerly known as the Asiatown IT Park, this area is chock-full of technology and information. This park is home to IBM’s Second Global Delivery Center. It is full of technological and informational businesses such as Microsoft, 1&1 Internet Philippines, Convergys, IBM, and Epson to name a few. Cebu IT Park is attractive for businesspeople and investors in these companies, as well as small-scale companies ready to make Cebu their home.
Mandaue City
A smaller city compared to Cebu, but one should not one to be overlooked. Mandaue has a rich commercial and industry sectors. It is the leading producer of furniture in the Philippines, creating around 75% of the annual products. This growth potential and the flocking tourists shows that there is great demand for properties such as condominiums in this city.
Cebu is showing great promise as one of Philippine’s prime tourist destinations. Investing in this beautiful province will yield great results or both you and your clients. The demand for this province keeps increasing as time progresses. Don’t miss out on this wonderful opportunity. There are dozens upon dozens of condos for sale in Cebu, but what are mentioned above are the leading areas of interest within the province.
These areas show great promise and enormous demands. Developers are steadily increasing the supply of condominium units here. Along with these, the many tourist destinations provide tenants and clients willing to invest and live in these condos. Investing in these areas will guarantee you a satisfying amount of profit, and maybe you’d even want to visit some of the tourist destinations too!