Officials of the PAREB-Cebu Real Estate Inc. (Pareb-Cereb) remain optimistic that the burgeoning property sector will retain its growth in the next three to five years, despite some concerns. “We see three or five more years of this real estate boom especially with the opening of the new airport terminal and the coming third bridge […]
Rick Santos, chairman and chief executive of Santos Knight Frank, said many foreigners are buying condominium units in the province. “South Korea, Japan and China, which are the top sources of foreign arrivals in Cebu, are reported to purchase bulk condominium units,”.
A push for infrastructure projects, especially outside of Metro Manila, means it would be wise for developers eyeing long-term growth to “zero in on the thriving opportunities outside of the country’s capital”. Cebu’s average residential price was US$1,997 per square meter in the first half of 2017, a Colliers Cebu official says. Compare that with […]