Considered as arguably the biggest property investment hub outside of Metro Manila, Metro Cebu is poised for its own r eal estate boom in 2022. Developers are preparing for pent-up demand while consumer confidence is accelerating. This comes with the completion of new infrastructure developments like the Cebu-Cordova Expressway (CCLEX) and the Metro Cebu Expressway and the city’s economic recovery.
Heading into the last quarter of 2021, analysts expect property price growth in Cebu to come soon, with demand mostly coming from the mid-income market. Colliers International Philippines also estimates a 5% annual growth in Cebu City property from 2022 to 2025. Meanwhile, the Tholons Services Globalization Index 2020 ranked Cebu as the 15th most competitive outsourcing destination in the world. The other Philippine city in the Top 100? Metro Manila.
These prove to be encouraging signs, especially for buyers looking for a home to invest in. The renewed optimism in Cebu real estate is also driven by flexible payment terms, better mortgage rates, and remittances from Overseas Filipino Workers (OFWs). Developers and banks have also come up with discounts, promos, and freebies to further inspire property seekers to buy now. Platforms like Ohmyhome have even unveiled exclusive appliance discounts.
For those who want to reside in Cebu City, residential condominiums in the Metro Cebu area should be a top priority. Properties near the Cebu Business Park and commercial districts should be a worthy investment choice, as well. Integrated communities, where transport centers, essential goods, and services are readily accessible, are expected to attract interest even in a post-pandemic setting. Buy real estate around these areas and watch your investment grow.
Invest in These Condos Today
If you put a premium on affordability and accessibility, Bria Homes Flats Mactan is right in your wheelhouse. Situated in the heart of Mactan, the development is in close proximity to the new CCLEX. This also means residents get direct access to the Mactan International Airport and the metro’s business hubs. Purchase a unit here to either rent out or reside in for only ₱2,083,200! Now, that’s a steal.
Avida Towers Riala, on the other hand, is where you can buy a home just a few minutes away from the Cebu Business Park. Ayala Malls Central Bloc is just 300 meters away from the property, too. Amenities like the wading and kiddie pools, fitness area, open pavilion, and the like are all meant to foster work-life balance for the entire family. Buying a unit here costs you anywhere between ₱4,600,000 and ₱11,700,000.
Buy a home right in the city’s top commercial area, where malls like the Robinsons Galleria are just around the corner. Found along General Maxilom Avenue Extension, Galleria Residences is a resort-inspired development that puts residents in the middle of one of Cebu’s most bustling districts. Of course, the amenities aren’t too bad, either. You get to enjoy a lap pool, fitness gym, private theater, and more. Kids can have some fun at the kiddie pool, play area, and outdoor playground. Units here are priced from ₱6,392,734 to ₱14,768,912.
Are you looking to buy a condo investment in and around Cebu City or the Visayas? Book a free consultation with an Ohmyhome agent today to get started.
For more information on the best and latest property listings nationwide and how our Ohmyhome’s online ecosystem helps investors like you, visit Ohmyhome.com or download the official Ohmyhome app.
Ohmyhome was launched in the Philippines in September 2020, following the company’s establishment of a tech team in the country in 2017. Ohmyhome was originally founded in 2016, and subsequently rose in Singapore as a leading PropTech solution and licensed real estate agency.
Ohmyhome expanded into the Philippines so that Filipino home seekers can have a real estate partner that they can trust to have their best interests at heart and can be relied upon to provide exceptional services throughout the entire property journey.
Featuring thousands of properties across many of the Philippines’ major real estate brands, Ohmyhome differs from other local platforms by going the extra mile and extensively helping buyers narrow down their choices and find the property that best suits their budgets, home needs, and lifestyle preferences.
The company’s Real Estate Agents not only help in the shortlisting of options but also provide professional services through the entire purchasing process. These include assistance in property inspections, negotiations, the finalization of the Conditions of Sale, deposit collection, the submission of property documents, as well as providing buyers regular updates.
Ohmyhome helps Filipinos find their dream homes, all while making sure each real estate transaction is complete and is an efficient and enjoyable experience.Stay connected with Ohmyhome Philippines by following our official Facebook, Instagram, and LinkedIn accounts.