{"id":1409,"date":"2019-01-25T11:24:05","date_gmt":"2019-01-25T11:24:05","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=1409"},"modified":"2021-06-04T14:07:38","modified_gmt":"2021-06-04T07:07:38","slug":"whats-next-for-cebu-real-estate-in-2019","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/whats-next-for-cebu-real-estate-in-2019\/","title":{"rendered":"What\u2019s next for Cebu real estate in 2019?"},"content":{"rendered":"<p><strong>Philippine province to benefit from tourist-friendly infrastructure upgrades throughout the island<\/strong><\/p>\n<figure id=\"attachment_1410\" aria-describedby=\"caption-attachment-1410\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-1410\" src=\"http:\/\/pgawards.wpengine.com\/wp-content\/uploads\/2019\/02\/What\u2019s-next-for-Cebu-real-estate-in-2019.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/What\u2019s-next-for-Cebu-real-estate-in-2019.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/What\u2019s-next-for-Cebu-real-estate-in-2019-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/What\u2019s-next-for-Cebu-real-estate-in-2019-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-1410\" class=\"wp-caption-text\">Aerial view of Oslob, a town snorkeling and scuba diving destination in Cebu, Philippines. Ghing\/Shutterstock<\/figcaption><\/figure>\n<p>Home to the country\u2019s second most populous metropolis, the province of Cebu in the Philippine is set to gain some windfall from the completion of major\u00a0infrastructure projects, some spanning islands.<\/p>\n<p>The completion of\u00a0the\u00a0award-winning Terminal 2 of the Mactan-Cebu International Airport; the Cebu Cordova Expressway Link; Cebu Bus Rapid Transit (BRT); and the Cebu-Negros bridge will behoove property development firms to take &#8220;a more aggressive approach in exploring parcels of developable land&#8221; in Cebu over the next 12 months, Colliers Philippines prognosticated\u00a0in a recent report on the archipelagic market.<\/p>\n<p>The city of Mandaue and the island of Mactan off mainland Cebu will see most of the action, especially in the segment of resort-oriented townships.<\/p>\n<p>The nature of the infrastructure projects will spur tourism, increasing demand for more hotels and serviced apartments outside the Metro Cebu corridor.<\/p>\n<p>Colliers expects the completion of 700 new rooms this year, raising Cebu\u2019s hotel stock to 11,300 rooms from 10,600 rooms in 2017.<\/p>\n<p>\u201cWe also suggest that developers build more residential projects that are leisure and lifestyle-oriented in anticipation of the increased interest brought about by the infrastructure improvements,\u201d Colliers analysts led by Joey Roi Bondoc said.<\/p>\n<p>The consultancy also exhorted offshore gaming companies, a growing source of tenants in\u00a0Manila offices, to continue looking for space in Cebu, in addition to the provinces of Pampanga and Laguna.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Philippine province to benefit from tourist-friendly infrastructure upgrades throughout the island<\/p>\n","protected":false},"author":2,"featured_media":19817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","news_country-philippines","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What\u2019s next for Cebu real estate in 2019? 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