The Reigning Queen of the South
When talking about the Visayas region, people almost immediately think of the city of Cebu. This could be because it shares its name with the province in which it is located and serves as the capital of. Not to mention that it is known as one of the most significant economic centers in the Philippines.
In terms of commercial establishments and infrastructures, it can rival any major city in Metro Manila. It is even considered as the Visayan counterpart of the Metro. The Queen City of the South is a prominent location in that it serves as the main domestic shipping port in the country with about 80 percent of local shipping companies based here. Its solid and steady growth is due to its business process outsourcing (BPO), information technology, and real estate industries.
The Oldest City in the Philippines
Being the first Spanish settlement during the colonial period, Cebu is the oldest capital in the Philippines. It possesses an extensive past and is deeply rooted in the Roman Catholic and Spanish influences behind it. Still, it is the most highly urbanized city in the region.
Aside from the industries mentioned above, the tourism, service, and manufacturing sectors also contribute largely to turning Cebu into the city it is now. In 2011, it was crowned as the Philippines’ second most visited tourist spot. It also serves as a major hub for the call center industry, making it part of the Top 100 BPO Destinations Report for 2013 and even ranked eighth among other cities across the globe. There are over 95,000 people working in this sector.
Many Condos Ready for Occupancy in Cebu
When you want to live a cosmopolitan lifestyle comparable to major areas in Manila, you should come to Cebu. It has something that places like Mandaluyong and Makati cannot offer – close proximity to beaches. It is not unusual or complicated to incorporate the sun, sand, and sea into everyday modern living in this island metropolis. It is for this reason that many people rent condominiums here, but why lease when you can buy? That would be a better and more affordable investment on your part.
Whether you’re looking to invest in a vacation home or buy a permanent residence, it is a sound choice to get a condo unit for sale here. There is no lack of options, with almost 7,000 units constructed last 2012.
Those living alone can already purchase a one-bedroom unit in Singson Flats for PHP 1.7 million. Families, on the other hand, can have a two-bedroom property for PHP 3.3 million in Oasis Mabolo. Major property developers have also begun to take advantage of the booming real estate market in the city as they unveiled their own condominium projects. Ayala Land launched Park Point Residences and 1016 Residences for those who are financially willing.