South Coast City is one of the most ambitious estates to ever be launched in Cebu. Ayala Land, SM Development and Cebu Holdings are partnering on the PHP90 billion development which will span 26 hectares and have everything from offices and residences to a 16,000-seat arena.
The waterfront estate will be anchored by a huge central park with other buildings rising around it. Pedestrian and bike lanes, convenient access points and dynamic wide-open spaces are a few of the sustainable features incorporated into South Coast City. The greenery is set to be complimented by shopping and dining options.
A total of 70 percent of the project is dedicated to commercial spaces with the remaining 30 percent focusing on residential developments. District Square, a large office complex, is expected to be a huge driver for the Cebu economy. South Coast City could create as many as 100,000 jobs once completed.
Additionally, the estate will have a convention center and arena which will allow it to host events and help Cebu become a hub for meetings, incentives, conferences and exhibitions (MICE) functions. These were growing pre-pandemic and are expected to resume once COVID-19 has passed.
South Coast City is located next to SM Seaside City Cebu Mall facing the Cebu Strait. The estate could be important in supporting the region’s economy recovery in the coming years.
“Today our focus is set on a V-shaped recovery for our business and economy. We believe that our vision of ‘enhancing land and enriching lives for more people’ is now relevant more than ever, as we continue to build spaces that not only raise the quality of life for many, but also generate livelihood and employment for a great number of Filipinos,” Ayala Land President and Chief Executive Officer Bobby Dy was quoted as saying by the Manila Times.