Residential demand in Cebu is likely to pick up this year

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.

(c) https://www.dotproperty.com.ph/blog/residential-demand-in-cebu-likely-pick-year

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Single Attached Houses for sale in Mandaue

VILLA SEBASTIANA, single attached for sale in Mandaue City, Cebu (4 units left)!

Villa Sebastiana in Tawason, Mandaue City, Cebu, is a house and lot subdivision with two-storey single attached and detached unit models. This is the only housing project in Mandaue area having all single houses in modern concept designed. Total Subdivision Area: 13,758 sqm. Total House and Lot: 115 Single attached and detached units.

It sold affordably with overlooking view and very safe from flood, it can be financed by bank with lower interest rate. For those buyers who are single houses lover… here’s your chances to realize your dreams for your family to live with complete privacy. The said property is closer to the city proper of Mandaue and very proximate and strategic location.

It is where happy family traditions begin. Experience the airy comfort and hillside luxury at Villa Sebastiana. With our numerous features and amenities:

NEARBY ACCESS:       

  • Public Transportation
  • Utilities (water,drainage,telephone,cable,TV, etc.)
  • 5 minutes to ATENEO DE CEBU
  • 15 minutes to Airport
  • 10 minutes to hospital (north gen, gullas)
  • 10minutes to Mall (Talamban Gaisano)
  • 5minutes to Nativity Church Canduman
  • 5minutes to Savemore-Canduman
Sample Computations (updated on Mar. 25, 2019)  

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KRISTINE (2 storey Single Detached) – 3 units left

Image may contain: house and outdoor

Floor Area: 105 sqm
Lot Area: 116 sqm
4 Bedrooms,  3 Toilet & Bath, 2 car port

TOTAL CONTRACT PRICE: 5,850,000.00 (B1/L8/39/40)
RESERVATION FEE: P30,000.00

20% DOWN PAYMENT: P1,170,000.00
18 months to pay w/ 0% interest: P63,333.33/month OR
12 months to pay w/ 0% interest: P95,000.00/month OR
6 months to pay w/ 0% interest: P190,000.00/month
             www.GabrielRealtyBrokerage.com

80% BALANCE thru spot cash or Bank Financing (P4,680,000.00)
20 years @ P34,892.82/month
15 years @ P40,767.82/month
10 years @ P53,140.45/month
5 years @ P91,569.57/month

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SHARON (2 storey Single Detached) – 1 unit left

Floor Area: 123 sqm
Lot Area: 121 sqm
4 Bedrooms,  3 Toilet & Bath, 2 car port

TOTAL CONTRACT PRICE: 8,200,000.00 (B1/L8/39/40)
RESERVATION FEE: P30,000.00

20% DP for 6 months to pay w/ 0% interest: P268,333.33/month 
                   www.GabrielRealtyBrokerage.com

80% BALANCE thru spot cash or Bank Financing (P6,560,000.00)
20 years @ P48,909.60/month
15 years @ P57,144.64/month
10 years @ P74,487.47/month
5 years @ P128,353.93/month

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PAYMENT SCHEME:
  1. Reservation Fee: Php 30,000 non-refundable & non-transferable (valid for 30 days)
  2. 20% Down payment payable up to 24 months 80% Balance thru Bank Financing

FREE:

  • Rainwater Tank
  • Window Screen
  • Cabinet exclude Maids Quarter

FEATURES & AMENITIES:

✔Landscaped Entrance
✔Elegant Guardhouse
✔Parks and Playground
✔Concrete roads with street signage
✔Cemented sidewalks curbs and gutters
✔Underground drainage system
✔MCWD water system
✔Electrical Power Supply
✔Perimeter Fence
✔24-Hour Security
✔330 Degrees overlooking Mandaue City and Talamban

For assistance and more details, please contact us at:

+63.943.312.5445 / +63.9995.101.9010 (Viber/WhatsApp) or visit our WEBSITE at www.gabrielrealtybrokerage.com or FB PAGE at https://www.facebook.com/gabrielrealty/

NOTE: PROTECT YOUR INVESTMENT, DEAL ONLY WITH COMPETENT LICENSED REAL ESTATE BROKERS.

COCOY M. TOLEDO, LL.B.
Licensed Real Estate Broker
PRC License No. 20332, valid until Nov. 9, 2021
PTR No. 246098, valid until Dec. 31, 2019

RICHEL PARADIANG-TOLEDO
Licensed Real Estate Broker
PRC License No. 20331, valid until Dec. 31, 2021
PTR No. 246099, valid until Dec. 31, 2019

ATTY. WILFREDO S. TOLEDO &
ATTY. JURIS ANGELI TOLEDO
Legal Consultants, Gabriel Realty & Brokerage

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