The recent IPO of Cebu-based real estate property developer, Cebu Landmasters, is a testament of a bullish real estate market in the Philippines. The successful public listing is also an indicator of an ever-growing industry that has started almost a decade ago.
In Cebu, property developers come in swarm to grab at least a share of the bigger pie of the market which has been steadily rising for years.
Right now, we want to share you with you the eight property developments in Cebu that you have to check right now.
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8 Newtown Boulevard by Megaworld
Megaworld’s Mactan Newtown continues to change the urban setting of Mactan. The Live, Work, Play and Learn by the Beach concept is effective in transforming real estate complexes from mundane properties into colorful community where people can access convenience within reach.
Bagging the Best Condo Development in Cebu in the PPA 2016, 8 Newtown Boulevard attests the lucky number and exhibits the opportunities for potential dwellers that can be yuppies or students. The target markets for the studio-type and 1-bedroom type condo development with 4 clustered, 18-storey towers in the largest lifestyle destination in Mactan, can take advantage of the proximity of BPO offices within the complex.
The Zen-styled, East Asian-inspired minimalist interior design of the condo development is proximate to the officer centers and the beach, that the gap for the need to earn and handle the stresses and to experience relaxation is shortened.
Of course, it needs one to own or rent a unit in 8 Newtown Boulevard to experience the amenities that include Japanese-themed garden and courtyards.
8 Newtown Boulevard is a condominium development of Megaworld in Mactan Newtown, Lapu-lapu City, Cebu.
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Solare By Primary Homes, Inc.
The Primary Homes 2015-launched project, Solare, delivers the house-and-lot development nestled within the beach resorts of Mactan island. The contemporary Mediterranean design in architecture of the housing development caters to Filipinos whose preference is to be closer to the sea breeze with less noise pollution but still within proximities of conveniences of the highly-urbanized resort city.
The residential project in Maribago, Lapu-lapu has managed to bag the Best Housing Development (Cebu) category in the recent PPA 2016. This proud project of Primary Homes caters to markets that prefer a gated community with provisions of essentials to experience elegant and peaceful living.
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Apple One Banawa Heights
Cebu-based AppleOne Properties, Inc. delivers its flagship residential condo project within the heart of Cebu City.
The Apple One Banawa Heights is one of the most-marketed property developments in Cebu. The San Franciscoan-themed design epitomizes The American feel in a gated exclusive community where elegance, vibrant color-designed buildings and nearness to nature are integrated.
It is situated in Banawa, Cebu City closer to the hillside but its towers also bring the sea view that includes the Mactan bridges.
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The Avenir
The triangle-shaped red logo as seen in the marketing campaigns and materials of the mixed-use development is a symbol that explains the strategic location of The Avenir within the business centers of Cebu City.
Adjacent to Cebu IT Park and Waterfront Cebu Hotel Lahug and proximate to Cebu Business Park, The Avenir’s position may be a product of Feng-shui consultation similar to the Chinese-Filipino owned establishments in Cebu.
Perhaps, the consideration of chi forces and ley lines in the construction of The Avenir may have something to do with the success of sold-out units even before the building completion. This success has prompted the developer, King Properties, to develop the 2nd Avenir.
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Casa Mira Linao
Marketed as a well-planned community with wonderful value within reach, the Casa Mira Linao delivers a townhouse community with premium features that regard safety, security and comfort with style.
Another premium project of Cebu Landmasters, the Case Mira Linao projects a townhouse community proximate to strategic locations of conveniences in Talisay City, a housing development city south of Cebu City.
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Velmiro Heights
Another Cebu southern project of Cebu Landmasters is the Velmiro Heights, which features contemporary Zen-inspired design resembling other horizontal residential projects of the developer. The mid-range housing development in Minglanilla, Cebu delivers 428 house and lot units in a 8.8 hectare sprawling community.
With units ranging from 60-200 square meters, the Velmiro Heights is a desirable development for newlyweds, families and even retirees who want to belong in a modern community with expansive atmosphere promoting healthy lifestyle.
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Mabolo Garden Flats
The Mabolo Garden Flats is designed as a vertical condo development within Mabolo, Cebu City for yuppies and students. The Primary Homes project is nearing completion but units are still available that include studio-type and 1-bedroom.
The 25-story project is not purely residential. It also hosts floors where young entrepreneurs can establish small offices branded as SOHO or Small Office Home Office units.
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Mandani Bay
The Mandani Bay is deemed an exciting project of Cebu and Mandaue City. It is a mixed-use development that will transform the Mandaue City harbor into world-class lifestyle destination.
The joint venture of HongKong Land and Taft Properties brings in a near 20-jectsar community, which is the answer of Mandaue to Lapu-lapu City’s Mactan Newtown. The thing is the development is mostly residential but with a component of retail and commercial centers.
Though situated in a waterfront, the lack of a viable beach is not really something of a concern. But rather, its role in transforming into a potential world-class city is something to look forward to.
The urban community is near the Cebu Doctor’s University and premier hospital centers and retail centers so that makes this project more promising.
The 10-year completion plan of the project can take Mandaue City, which is formerly known as Mandani, to glittering heights.
The booming property market in Cebu remains the driving force for more robust economic activities as seen in the emergence of high-rise structures, higher domestic spending and increasing standards of living of the Cebuanos.
Property market also targets the expatriates, overseas Filipino workers and investment groups who desire to take advantage of the promising higher returns of investment and lower acquisition cost of properties as compared to other countries.
Despite the Philippine real estate law that prohibits foreigners on lot ownership, this factor is not seen as a deterrent but rather an opportunity for high-income Filipinos to take part in the booming real estate market.
