If you are seeking to expand your property portfolio, it may be a time to buy real estate in Cebu Philippines. The thriving city of Cebu has a boosting economy that offers many opportunities for the investors. Some of the most successful entrepreneurs and companies are diversifying their assets and starting to invest in Cebu—and this time you too can.
Land stock
According to Colliers, Metro Cebu’s stock has increased to 1 million square meters of leasable space. This rating is more than the current supply available in Cebu, which is 465,000 square meters. There is a need for investors to provide quality real estate in Cebu Philippines for businesses and companies.
Demand for plants and factories outside Manila
More companies are looking to build their plants, manufacturing sites, and factories outside Manila. The cost per unit area is more affordable in Cebu, making it a good option. The city’s traffic situation isn’t as bad as that of Manila, either. You can purchase your own real estate in Cebu Philippines for your own company, or you can provide leasable properties to numerous companies seeking a more cost-effective way to manage their finances and expand their market.
Increased infrastructure
Cebu has continued to build its local economy, creating the infrastructure that is necessary to make it easier for businesses and residents to travel to and from Cebu. One of the projects that will soon start is the Metro Cebu expressway. It consists of three segments. There will be roads that connect Talisay to Cebu and Mandaue City. The next road is the Consolation connection to Lilioan then to Compostela and Danao City. The last one is an expressway from Naga City to Minglanilla.
Another project in the pipeline is the Bus Rapid Transit System, which will provide a more convenient and faster way for residents to commute and travel. It is a 23-kilometer project that will pass through Barangay Bulacao to Talamban village. It is expected to make public transportation to the central business districts more efficient and effective.
Start early and anticipate the progress of the economy by getting a piece of real estate in Cebu, Philippines. Choose properties that will greatly increase in value over the next years.
About the Author:
This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., is an online platform for real estate, addresses the unfulfilled needs by harnessing technology and bringing all-related solutions under one roof. For buyers, tenants, sellers, brokers, agencies or developers, it encompasses all their answers from property matching, listings, management, analytics and much more. Housal Inc. is the evolution of the real estate process – empowering the real estate industry for the future.