Cebu City is a first-class, highly urbanized city in the Central Visayas region the Philippines. According to the Philippine Statistics Authority, Cebu City has 964,169 residents. Cebu City is currently the most populous city on Visayas island. Trade, industry, education, and culture prove that Cebu City is one of the central business districts in the central and southern Philippines.
Cebu is the third largest metropolitan area in the Philippines. If you are looking for a Cebu investment opportunity, investing in Cebu is one of the best things you can do, especially if you live in Visayas. If you are hesitant, this article might give you some light on why you should start investing in Cebu City and having your own business.
So, why should you invest in Cebu City?
Cebu City has a location advantage
In terms of location, Cebu City is excellent because it is located in the heart of Visayas. Cebu City is near the provinces of Bohol, Leyte, Negros Oriental and Negros Occidental, which means that you can access customers in these areas if you have a business. And if you are willing to invest in real estate, you can easily visit the tourist spots in these provinces.
Cebu City is a gateway for all domestic and international destinations because of the Mactan-Cebu International Airport which is the second busiest airport in the country. Of course, the size of this city is also one of its assets. Cebu City is the third largest metropolitan city in the country. But unlike Metro Manila, Cebu City has larger spaces to grow in terms of business opportunities.
Cebu City is a tourism hub
As mentioned earlier, Cebu City’s proximity is near the domestic tourist attractions of different provinces. But what sets Cebu City apart from other cities in the Visayas region is that this city itself is home to various tourist spots in the country. Cebu City had around one million tourists in the first half of 2022.
Whether you go to an urban or rural area, Cebu City has captivating sites. After a long day, you can go to these destinations and chill out to relax. Cebu City will surely be a critical factor in the country’s economic recovery from the pandemic. As an investor, this is your chance to invest now in this city and reap the benefits later.
Some of the best Cebu province tourist spots are:
- Kawasan Falls
- Bantayan Island
- Temple of Leah
- Sumilon Island
- Sirao Garden
Aside from tourist spots, tourists flock to Cebu City for its colorful festivals. Sinulog, Tarantella, and Semana Santa sa Bantayan are among the fiestas you can celebrate in the Queen City of the South.
Cebu has good economic growth
Tourism is not just the lone ingredient in Cebu City’s continued development. This city has an increase in infrastructure, investments, business centers, and other ventures. Cebu City’s economic growth is known globally. Cebu City is home to IT and Business Process Outsourcing (BPO) companies around the Visayas region.
One of the reasons for Cebu’s growth within the BPO industry is the pool of talents that the city produces. Ongoing employment opportunities and reputable universities are what make Cebuanos so skillful. And, of course, people from nearby provinces look for employment opportunities in the province.
Aside from the BPO industry, 80% of the country’s domestic and international shipping operators and shipbuilding companies are located in Cebu. Cebu City is a tax-free freeport processing zone that gives manufacturers an edge when investing in a business in the area.
Cebu has excellent infrastructure
Cebu’s economy keeps growing to the point where new infrastructure is constantly being built. Cebu continues to develop expressways to make travel easier. As an investor, you would want to invest in an area that is easily accessible to Metro Manila and other key provinces.
For instance, the Cebu-Cordova Link Expressway (CCLEX) project was launched last April 27. This P33 billion project spans 8.9 kilometers are linking the island of Cebu to Cordova and the Island of Mactan. This expressway is the longest sea-crossing bridge in the country. The CCLEX was a part of the Build Build Build project under the Duterte administration.
CCLEX is an excellent infrastructure project for private vehicles. However, Cebu’s infrastructure projects do not stop there. The Cebu Bus Rapid Transit (CBRT) system is the Department of Transportation’s project to address the transportation demands in the province of Cebu. The CBRT will have 17 bus stations, a terminal for trunk service, and a 22.1 km. bus feeder system.
Cebu City has high real estate appraisal
Cebu City is one of the most progressive cities in the Philippines. And because of this, there is no wonder real estate properties have a higher appraisal in Cebu City compared to other cities in Visayas. There has been an increase in population in Cebu City in the last few years, which means that there is a constant demand for real estate in the area.
As mentioned earlier, Cebu real estate properties have more space for developments, unlike Metro Manila. Properties in Metro Manila are for sure more expensive than the ones in Metro Cebu. Plus, there is a lot of competition in the area. As an investor, you would want an investment with a lower price, less competition, and more profits.
Why invest in real estate in Cebu City?
Real estate in Cebu City keeps on appreciating over time. This alone is a worthy reason to start investing in Cebu City. Another reason you should invest in Cebu City now is because you do not want to invest here when this city becomes as congested as Metro Manila.
The best real estate investment you can have in Cebu City is a house and lot from the best real estate developers. Camella Riverfront is a real estate development in Cebu City with well-designed homes, 24/7 security, and amenities that your family can use. Camella Riverfront is also near the Temple of Leah, the Cebu City transport terminal, and other establishments you need.
Having the suitable investment at the Queen City of the South is what you need and Camella Riverfront has the reputation, amenities, and strategic location to give you your dream home or your next investment.
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