Why Now Is the Best Time to Invest in Cebu
One of the most advanced cities in the Philippines is Cebu, also known as the Queen City of the South. It is renowned for its thriving economy, gorgeous beaches, and cultural legacy. The city has emerged as a major center for commerce and industry, with some of the country's most prominent corporations and businesses headquartered there.
Additionally, due to its low cost of living and top-notch healthcare facilities, Cebu has become a favored destination for retirees in recent years.
Why, therefore, is this the ideal time to invest in Cebu? The following five factors will tell you why:
1. Booming Real Estate Market: The real estate sector in Cebu is booming, with annual increases in property values. The residential property market in Cebu is anticipated to continue strong in the upcoming years due to the rising demand for homes from both domestic and foreign purchasers, according to a report by Colliers International.
2. Strong Economy: Cebu has one of the nation's fastest-growing economies. It is a hub for employment prospects as it is home to many businesses, including BPO, manufacturing, and tourism. Being one of the Philippines' fastest-growing economies, Cebu's GDP expanded by 8.3% in 2019.
3. Tourism: Cebu is a well-known tourist attraction that draws millions of visitors each year. Cebu is renowned for its outstanding natural attractions, lovely beaches, and illustrious cultural history. With the government's initiatives to boost tourism in the Philippines, Cebu is likely to become an even more popular vacation spot, which may raise demand for rental housing.
4. Affordable Cost of Living: Cebu has a comparatively inexpensive cost of living when compared to other major cities in the Philippines. Because of this, Cebu is a desirable location for both seniors and young people looking for affordable homes.
5. Perfect Retirement Living: For retirees looking for a convenient and comfortable retirement residence, Amaia, the affordable housing brand of Ayala Land, offers a condominium development in Cebu namely Amaia Steps Mandaue. Retirement residents may live comfortably and safely in Amaia's projects thanks to features like swimming pools, fitness facilities, play areas, function rooms, and landscaped gardens.
The mid-rise condominium, Amaia Steps Mandaue, the first Amaia development in Cebu, features reasonably priced and spacious units. Both Ready-For-Occupancy (RFO) and preselling units are available at Amaia Steps Mandaue, with a maximum size of 26.04 sqm for studio units and 32.84 sqm for deluxe units.
In addition, the development offers amenities like a playground, a swimming pool, a kid’s pool, a jogging path, a multi-purpose hall, and a landscaped garden. Amaia Steps Mandaue’s location is close to key establishments such as Cebu Business Park, Waterworld (4.7 km away), Cebu Country Club Golf Course (6.2 km away), Cebu I.T. Park (7.1 km away), and the Mactan – Cebu International Airport (11.2 km away). Preselling apartments typically have a minimum selling price of Php 3.6 million and a maximum selling price of Php 4.3 million.
Cebu is a great place to invest in real estate due to its strong economy, expanding tourism sector, and low cost of living. With the help of Amaia's development in Cebu, Amaia Steps Mandaue, investors now have the chance to purchase reasonably priced and comfortable residences in one of the country's most developed cities.