September 2, 2021UncategorizedComments are off for this post
Residential demand in Cebu is expected to increase this year with lower real estate prices and key infrastructure projects driving the market forward. The city has been the preferred investment destination outside of Metro Manila and that trend will continue in 2021.
“Colliers projects a potential rebound in residential demand in 2021 (in Cebu) and thus sees a faster pace of price increase from 2021 to 2022 to reflect a stronger residential market,” Joey Bondoc, Colliers Philippines Senior Research Manager explained to the Philippine News Agency.
He continued, “The residential sector of the area is at a discount as compared to projects located within the country’s capital. The proliferation of both local and national developers in Cebu has raised land and property values.”
Research from Colliers Philippines found that new project launches and take up both fell in 2020 due to the COVID-19 pandemic. However, the consultancy believes both will recover this year on the back of strong residential demand in Cebu.
What’s driving residential demand in Cebu?
Two key factors have been responsible for driving residential demand in Cebu over the past ten years. Firstly, home prices are significantly less than those in Metro Manila which is appealing to buyers. Secondly, a number of infrastructure projects will improve the region’s connectivity and boost property prices in the future.
“Over the past few years, we have observed the transformation of Cebu’s skyline with large-scale residential, commercial, retail and hotel developments. The property boom in Cebu offers an alternative metropolitan-paced business lifestyle at a discount to Metro Manila,” Bondoc stated.
Several key infrastructure projects remain in the pipeline and these could support the growth of the Cebu and Davao property markets. In Cebu, the Cebu-Cordova expressway, Cebu bus rapid transit, Cebu monorail, and Metro Cebu expressway are a few of the possible improvements.
April 27, 2021UncategorizedComments are off for this post
Getting the best price during real estate negotiations doesn’t have to be a painful process. In fact, it can be a very hands-off affair if you hire the right real estate agent. The key is knowing what to do and when to do it.
There are two important things you should note. First, don’t take things personally. This is about getting the best price during real estate negotiations, not making new friends. Second, you should have an idea of what is acceptable regarding terms before starting any negotiation. This will ensure you can reach a positive result.
Tips to help you get the best price during real estate negotiations
1) Let your real estate agent do the heavy lifting
Unless you like negotiations or are good at them, you don’t really need to be involved with much of this process. Your real estate agent is more than capable of fighting to get you the best possible deal. A lot of buyers end up costing themselves money by being in the room. That’s because they either give away just how much they like the property or are afraid to drive hard bargain.
2) Respond quickly
If a seller names a price or gets back to you with a counteroffer, respond as soon as possible. The more time you take allows them to field other offers from potential buyers. You don’t need to get back to them right away, but you can lose the upper hand in a negotiation if it takes weeks to respond.
3) Don’t put all your eggs in one basket
You have no idea how negotiations will play out. It is vital you keep your options open or at least appear to be doing so. Failing to do this allows the seller to negotiate from a position of strength since you don’t have any backup plans.
4) Walk away and let the seller come back to you
If you really want to get the best price during real estate negotiations, sometimes it pays to walk away. If the process has reached a standstill where no progress is being made on a deal, stepping away from the table may be a way to break the deadlock.
This is risky and it is a strategy you need to discuss with your real estate agent beforehand. Some sellers may not come back, especially if they have other offers out there. However, those serious about selling and without other buyers will likely return willing to negotiate.
November 25, 2020UncategorizedComments are off for this post
One of the most beautiful islands in the Philippines, Mactan, is starting to gain attraction from people all over the archipelago, both local and investors alike. Aside from its rich cultural history, the island has progressed over the years and is looking very optimistic about the future. Here are our exciting reasons why it’s safe and good to invest your money in Mactan.
Mactan Cebu International Airport
⦁ Gateway to the World – the new Mactan-Cebu International Airport The new Cebu International Airport has been transformed into a world-class facility with a unique and modern design inspired by local culture. It drives further growth in passenger traffic, which translates to a more robust tourism environment for the region.
The number of flights was increases and MCIA caters to direct international flights to China, Japan, Korea, Australia, Europe, the USA, and other Southeast Asian Countries. It is also said to target new flights in North Asia, the Middle East, North America, and Europe.
The Cebu-Cordova Link Bridge
⦁ Transport Infrastructure Aside from the air transport that MCIA offers, Mactan is also accessible by land and sea travel. Traveling within the island has been made quick and easy as it connects Mandaue City via two bridges: Osmeña Bridge and Marcelo Fernan Bridge. And because of traffic congestion experienced during rush hour, a third bridge called Cebu-Cordova Expressway (CCLEX) is in the works. This will connect Cordova Town in Lapu-Lapu City and Cebu City. And on January 2019, they will start the planning for the 4th bridge.
Also, traveling to Camotes Island from Mactan is now possible through fast crafts of Jomalia Shipping Lines Mactan located at the Mactan Wharf (same location as Cebu Yacht Club). As of Feb 2018, a one-way ticket costs P400/person on Weekdays and P500/person on Weekends.
⦁ Economy Enabler
Mactan is not only known for industrial businesses but now becoming a hub for quality jobs stimulating the local economy, thanks to the rising BPOs in the area. With more developments in infrastructure, it caters to more office spaces and allows more people in the area to get jobs and generate more income.
⦁Education Where would you find a place rich in luxury resorts and education all in one radius? Mactan is a very diverse island and recently announced that there will also be a school opened in the Mactan Newtown Compound called the Newtown School of Excellence as a result of their partnership with La Salle.
The renowned and equipped with state-of-the-art-facilities, the International Academy of Film and Television is also found in Mactan. Two colleges specializing in Aeronautics is also located in Mactan, namely, Indiana Aerospace University and Philippine State College of Aeronautics.
⦁ Tourism – New Hotels Known for its white beach and rich marine biodiversity, it is no wonder numerous world-class and five-star hotels make up the Mactan beach line. According to the Freeman, Dusit International, led by Gokongwei/Robinsons Land Corp. will open a 271-room beachfront luxury hotel-resort at the northern peninsula of Mactan by 2019.
Also, Udenna Corp of Davao-based businessman Dennis Uy will be building a $341 million casino-resort named Emerald Resort and Casino in the prime beachfront property of the island. It will be a venue for premier regional destinations for leisure, gaming, and MICE (meetings, inventives, conventions, and exhibitions).
⦁ Great Place to Live Apart from the noise, Mactan is making now from big investments by listed companies, it will be sought after location for residents both local and foreign. Many developers continue to strive and build quality yet affordable homes to address the growing housing needs of the area.
Mactan has long been a favored destination by many tourists, owing to its diverse array of attractions.
Some travel destinations will fondly linger in one’s memories.
Such are the getaways that have given you a relaxing haven, a peaceful respite that never lost its luster no matter how many times you’ve been there in the past—and which, it seems, only gets better every time you visit. For some, it’ll be those destinations that have given them an idyllic sanctuary by the sea, with their stunning sun-kissed coasts, shimmering blue waters, and breathtaking sunset views you can soak in while frolicking on pristine beaches—such that the mere thought alone already fuels that deep longing to be there.
In the Philippines, some islands hold an enduring allure that captivates guests many times over. Among them is Mactan—one of the tourist islands of Cebu, a province that has been cited several times by Condé Nast as one of the world’s best destinations.
This island alone has long been a favored destination by many tourists, owing to its diverse array of attractions, from its beaches, diving and snorkeling sites, to its heritage attractions, delectable cuisine and island hopping adventures. It has in fact been called many times as a diver’s dream, a beachgoer’s haven. Indeed, within this 65-sq. km. island are hidden gems that could easily fill up your week’s itinerary.
Unique to this destination, however, is the fact that despite the many pursuits that can be had here, it continues to offer a safe and peaceful sanctuary to many—in fact, some even love this about Mactan so much that they have decided to relocate in this paradise haven.
Wake up to stunning views from your balcony.
Fusion of modern, idyllic
There are a lot of things that endear one to Mactan.
For one, it’s highly accessible given that the island is home to the iconic, world-class Mactan-Cebu International Airport, which is an apt showcase of Cebuano culture, artistry. It’s easy to get around, too, given the ample availability of public and private transport options. And because of the many infrastructure projects in the province, traveling from Mactan to other parts of the province such as its capital, Cebu City, has been made much easier.
Setting foot in Mactan Island meanwhile, you’ll see a seamless fusion of the modern and idyllic, offering an unfussy charm that makes it a perfect getaway. On one hand, the island has a thriving center filled with all the modern essentials, establishments like retail centers, dining destinations and banks, as well as institutions you may have a need for. On the other, you have the stunning coasts filled with upscale, stylish resorts and beaches that allow you to have an exclusive peaceful respite amid the bustle.
Clearly, Mactan offers not only a sweet travel escape, but also a premium property investment option. Colliers Philippines has said that Mactan is poised to capture business expansions outside Cebu City. And the rising number of new businesses here is seen to further prop up demand for offices and even residential condominiums.
Relax and unwind in your very own sanctuary within this tropical paradise.
Aruga Resort and Residences-Mactan will offer a little more than 250 units, including exquisite beachfront villas, that can serve as your home in this paradise.
Unparalleled respite
Soon, a new concept offering unparalleled respite and a refined upscale lifestyle will give you even more reasons to be in Mactan.
Rising here is the 5.2-ha Aruga Resort and Residences-Mactan, an exclusive sanctuary turned into an exquisite residential-resort development by Rockwell. Located along Punta Engaño, this private escape does not only offer a premium innovative residential concept that mixes the perks of resort relaxation with Rockwell’s signature community living.
Beyond this, Aruga Resort and Residences-Mactan also offers a priceless nostalgic retreat that takes you back to your happy, carefree childhood days of running barefoot on the beach under the tropical sun, while enjoying the tickly, gritty feel of the sand on your toes and the waves crashing on the shore. It offers a refreshing way to commune with nature and revel in the simple joys of breathing fresh air and feeling alive. And today, you can have a home in this paradise island and relive cherished memories as it offers a little over 250 units, including exquisite beachfront villas.
Future residents and guests can soon revel in its soothing atmosphere by its 270-meter private beach, take a refreshing dip in the pool, explore the taste of Cebu at the resort’s floating dining hall, or simply take a breather within the property’s lush, well-manicured gardens and open spaces. Cap off the day with some gorgeous, serene views of the Hilutungan Channel and Magellan Bay by your balcony.
Aruga Resort and Residences-Mactan is indeed another reason to rediscover Mactan, offering a chance to create new memories, strengthen bonds with loved ones and reconnect with nature. Revel in the realization of your dream destination, seamlessly fusing the modern and idyllic, the bustling and the peaceful, the rustic and opulent.
The 5.2 -ha Aruga Resort and Residences-Mactan is an exclusive sanctuary turned into an exquisite residential-resort development by Rockwell.
