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Some of the highlights of the estate is the meter boardwalk fronting Magellan Bay and the hectare mangrove forest. The project had its grand launch on Dec. Potential investors and homeowners can expect efficiently planned spaces at El Sol.
All the units, from the studio to the two-bedroom, are smartly laid out for optimal lighting and ventilation while keeping the interiors sleek and stylish.
Residents will also be spoiled with amenities such as a sauna room, yoga studio, karaoke booths, and even an outdoor barbecue area. El Sol by Golden Topper is slated for completion by the first quarter of An unnamed future project in Punta Engaño is also in the pipeline.
Currently, its portfolio consists of nine projects, including properties in the cities of Makati, Pasay, Quezon, Cebu, and Lapu-Lapu. CHRISTIAN B. Published by SunStar Daily Cebu last December 27, , thru this link :. For Sample Computations and Full Details of EL SOL MACTAN, please CLICK this link: El Sol Cebu, Pre-selling Condominium in front of Shangri-la Mactan. by Ram Mancelita lifted from Sugbo. The highly anticipated Cebu Arena, which is officially named the Seaside Arena , will be finally realized after being presented by Mayor Edgar Labella during his Days of Service speech on October 16, The Seaside Arena will have a seating capacity of 16, almost as large as the Mall of Asia Arena in Manila.
The SM-Ayala Consortium will pour a total investment of P It is expected to generate 2 million new jobs in years at full development, with target completion in by Mark Maylan Lifted from: Sugbo.
and SM Prime Holdings, had partnered with each other in their newest property development venture in the South Road Properties of Cebu City — the South Coast City. South Coast City, a PB project of the SM-Ayala consortium, is eyed to become the newest entertainment center of the Visayas region, boosting attraction, tourism, and businesses within the area.
South Coast City sprawls a vast land area of 26 hectares, enough to house state-of-the-art facilities, attractions, and services that will give more vibrance to this part of the metro. The Arena is set to be the preferred destination for major local and international entertainment and sporting events while the Convention Center will be one of the largest in Cebu once completed.
This is the progressive commercial district of South Coast City. This area is planned for mixed-use commercial offerings which will complement the entertainment and recreational facilities of the broader community. It offers investment opportunities through commercial lots. This linear park will serve as a refreshing green oasis in the middle of the master-planned development.
Fronting the Cebu Strait, South Coast City will take pride of its spectacular waterside views and features. A pedestrian network will link the main areas of the development. Other amenities also include:. A consortium led by ALI and SM Prime won the new landbank at SRP lot number 8-B-1 with a winning bid of P10 billion. This tactical alliance of the two largest developers in the country is a strategic move to unlock the full potential of the hectare prime property they acquired at the South Road Properties.
In a report, top officials from Ayala Land Inc. and SM Prime Holdings said that they decided to work together on this big project to hasten the development of this area, which the Cebu City government was grooming to be a new central business district.
As of January , groundworks are still ongoing while the city is under community quarantine status. Bore piling works have already begun at the site of the convention center and arena. There is always something more to look forward to in Cebu City even with the pandemic scare looming around us. South Coast City of the Ayala-SM Consortium is a proof that we are destined to achieve bigger and better things in the coming years, as it has always been for the last years.
Its big city conveniences, coupled with rustic island living charm, make it an attractive destination for property seekers and investors.
This makes owning a centrally-located condo in Cebu an exceptional decision for a first home or initial investment in the city. Big-ticket projects in Cebu are scheduled for completion in the next few years — like the Cebu-Cordova Link Expressway and the fourth Mandaue-Mactan link bridge.
They are expected to improve travel between mainland Cebu and the rest of Mactan Island and its world-class beach resorts. The Metro Cebu Integrated Intermodal Transport System, on the other hand, will include a Monorail Transit and Bus Rapid Transit system, which is a first for the city. To boot, the Metro Cebu Expressway will connect the north and south Cebu, easing travel time by 2 hours. Aspire by Filinvest is at the forefront of these developments, crafting future-forward residential communities at the heart of the bustling Cebu City — just like Sanremo Oasis.
This vibrant Italian-themed condo enclave is nestled within the City di Mare townscape of Filinvest in South Road Properties, just a few kilometers away from the Cebu-Cordova Link Expressway. Investors at this strategically located property can surely expect a boost in property values.
Despite the pandemic, Cebu continues to be a key investment destination. This is thanks, in large, to the city being a major player in the business process outsourcing industry, with economic zones like the Cebu Business Park and Cebu IT Park. Outside this locale, new township developments are emerging in Mandaue, Lapu-Lapu, and Minglanilla. And as an investor, you have a real estate asset located in one of the most highly-desired property locations in the country. Niño Church, and Colon Street.
It is centrally located, too, making it easy to get to and from popular beaches like Oslob, Sumilon, Malapascua, and Bantayan Islands. Cebu City and its namesake island-province are often marketed as a singular tourist destination with its combination of a natural countryside scenery with urban attractions, including cultural-historical sites and developing infrastructure. If being an economic and tourism center was not enough, Cebu City is also a university town.
It is home to 10 large universities which have branches throughout the city. These include the University of San Carlos and its five campuses, as well as a Cebu campus for the University of the Philippines, to name a few. When you own a condo in Cebu, you have convenient access to these awe-inspiring spots. If you aim to lease your property, you can enjoy this advantage that will entice more tenants. Metro Cebu has its fair share of condo developments given its extensive urbanization.
Of course, no one property is the same, and while some are just addresses, others redefine what a home to retreat to is. One Oasis Cebu is an Asian-Balinese-inspired residential enclave with a refreshing golf-course view located in Kasambagan, Cebu City. It is highly accessible through public transport along F. Cabahug Ave. Here, you can relish the freedom to live, play, and pursue your passions every day.
Stringent health protocols and a hour security system are established to ensure your safety, and a host of rejuvenating amenities are ready for your recreation and leisure. Along with comprehensive amenities, lush greenery, and strategic locations, condos from Aspire by Filinvest are smartly-designed, with flexible spaces that can support remote work and remote learning.
This is an important consideration when investing in a condo in Cebu, as a true home can address all aspects of our lives. When a crisis hits, like the one we are experiencing now with the deadly Covid virus, you will always find yourself looking for your safety net, and oftentimes you look at your portfolio of investments, lucky if you have many. Among the many types of investments, a condominium property is a bright spot when you talk of crisis-proof investments. Here are three quick reasons why:.
Unlike in the stock market, the value of a property like a condominium will not dive. It will remain on a stable level and you can always trust that there will be a continued demand for it in the market during crisis, even more so after crisis. Unlike in businesses like stores or cafes, renters can expect continuous flow of money from rents during crisis, unless the owner decides to waive it out of goodwill.
But since a shelter is a basic need, people will continue to pay for it, the same way they will continue to allocate budget for the basic food supplies. A shelter will remain on top of the priority list. In times of crisis, we never know when an extra property comes in handy. Some who may not be renting their condominiums yet, may find themselves getting a lot of interested tenants and then becomes a back-up source of income for the family, especially when some companies decide to close shop and implement force leaves, leaving some of their employees without an income.
We could tell you more, but these should be enough to get you looking at a condominium property in another angle. And to be sure, choose those developed by reliable brands with a proven track record of delivering the best value for your money.
It feels a bit odd talking about tourism-focused real estate when most visitors are unable to travel to the Philippines at the moment. However, it can be an important driver of a Philippine property market rebound once the situation returns to normal. Philippine Department of Tourism DOT data showed there were 8. In , Indonesia recorded roughly 16 million international arrivals, Malaysia welcomed more than 26 million tourists, Vietnam received an estimated 19 million visitors and Thailand surpassed 40 million arrivals.
It has nothing to do with a lack of interesting destinations. Arrival numbers elsewhere in Southeast Asia are buoyed by inter-region travel, something not seen in the Philippines due to its isolated location.
The bulk of tourist arrivals to the Philippines in came from China, South Korea, USA, Japan, and Australia. Tapping into the retirement market could also benefit the country. The Philippines has one of the best retirement visas available in Southeast Asia. This could help it attract more long-stay visitors. On the domestic front, an additional 60 million trips are made by locals each year, an important figure to note. Being ready to tap into this market and deliver tourism-focused real estate could be a catalyst in a Philippine property market rebound.
Of course, it is also much easier said than done. According to the Philippine Statistics Authority PSA , tourism accounted for Both government and private sector investment in the tourism sector has grown as well.
The PSA found that private investment rose by an average of Government investment in tourism infrastructure and other related fields increased by 4. This is good, but not nearly enough. While tourism infrastructure has improved in some parts of the Philippines, such as Cebu and Puerto Princesa, more work is needed to make the country a viable destination for real estate investors.
Apart from improving infrastructure, developers must be more in tune with the needs of tourism-focused real estate buyers. Bali has been attracting foreign property investors for decades in spite of complex laws that prevent freehold ownership. Having a first mover advantage has helped the island with homebuilders and agents now boast decades of experience in helping property buyers.
In Thailand, the rise of the condotel helped attract a new wave of property buyers who can enjoy the best of both worlds—investment returns and a holiday home. If you are unfamiliar with the condotel concept, it is a project sold similar to a pre-selling condominium but operated like a hotel. Thai homebuilders are partnering with well-known, 4- and 5-star hotel brands to manage their condotels. These are more attractive to buyers since they trust the brand and are more popular with guests ensuring strong rental returns.
In the Philippines, many developers try to manage the property themselves which can be off-putting to potential investors. Tourism-focused real estate in Vietnam has taken off during the past five years despite foreign buyers being unable to access this market.
Similar to Thailand, most projects are condotels or other properties that provide on-site management for investors. If tourism-focused real estate in the Philippines is going to grow, developers need to understand what property seekers are after. Most require a hands-free investment being operated by a hotel brand they trust.
They also like having the option to stay at the property for a week or two every year. This is something a handful of real estate developers in the Philippines have adapted to. In Cebu, Grand Land has been at the forefront.
The project will be operated as a hotel with unit owners sharing net room revenue. Additionally, they are entitled to stay at the property 15 days each year. Dusit Princess Cebu proved to be popular among both local and international investors which saw it quickly sell out. Construction is ongoing and the development remains on schedule. The Chancellor Hotel from Global-Estate Resorts, Inc , a subsidiary of Megaworld, is another tourism-focused real estate project making waves in the country.
Located in Boracay, this condotel is perhaps the most ambitious to date. Tourism-focused real estate can help the Philippine property market rebound, but it is only one part of a larger equation.
Ultimately, this sector serves as a link between the property and tourism industries that can elevate both. However, it could help the Philippine property market reach new heights once the current situation has passed.
Overseas buyers are already active in places like Cebu, but there are many more on the sidelines waiting for condotel projects that provide a hands-free form of investment. There is likely to be greater demand for tourism-focused real estate from both domestic buyers and OFWs.
That is because it ticks a lot of boxes in terms of what they are looking for. The potential for returns is good, there is no need to worry about management and it doubles as a holiday property. That being said, it is necessary to mention the risk which we are living through now.
Another global pandemic would harm tourism-focused real estate more than traditional properties. Both developers and investors will be keenly aware of that. Both Bali and Phuket have overcome catastrophic events to maintain their upward momentum. As we have seen elsewhere in the world, doing so may benefit everyone. lifted from: DOT PROPERTY. 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 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 due to the COVID pandemic.
However, the consultancy believes both will recover this year on the back of strong 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. 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. There are still overseas foreign workers OFWs are buying property, although the number is less than it had been in previous years. And with prices falling and discounts widely available, OFWs with cash in hand may be able to take advantage of some favorable deals. That is valuable time you could be spending with friends and family. Here are five things OFWs need to know before buying property.
If you are living outside the Philippines, there are a number of websites where you can search for properties back home. You can search for a property based on your budget, location and multiple other factors making easier to find the right condo or house no matter where in the world you happen to be.
These days, some property developers and real estate agents specialize in working with OFWs. If you want a smooth process, it is best to find one of these sellers. If you want to buy a property, you will need to have all of these documents:. Chances are, you want your property to generate income while you are overseas. A number of condo developers now offer property management services meaning they will find someone to rent your unit and take care of it for a percentage of the revenue generated.
Alternatively, the are several companies who can do this as well. 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. 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. 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. 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 have no idea how negotiations will play out. It is vital you keep your options open or at least appear to be doing so.
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. LEADING Visayas-Mindanao developer Cebu Landmasters, through joint venture firm Cebu Homegrown Developers, Inc.
The P3-billion development Mandtra Residences is managed and developed by CLI and offers condo units from 21 sqm. to 41 sqm. ranging from P2. It began pre-selling its first tower in March and was close to 60 percent sold after three weeks. Our exceptional sales velocity indicates we are indeed meeting a highly felt need. With construction already underway, Mandtra Residences is a three-tower development on a landscaped 12, sqm property with a lush tropical theme.
A retail podium, a sky garden, clubhouse with adult and kiddie pools, jogging paths, fitness gym, and chapel have been designed to provide homeowners a multi-faceted urban sanctuary. According to CLI executives, planning for this project took place at the height of the pandemic, so the design placed a premium on healthy living and balanced well-being with its generous array of amenities and lush open spaces. The first tower with a lobby and three passenger elevators has 26 floors with units ranging from studios to one-bedroom units with selected units of both sizes offering balconies.
Moreover, several units have been designed so partitions and walls can easily be knocked down and spaces combined. The first tower is set for completion in Mandtra Residences will be the first in a planned series of projects from Cebu Homegrown Developers Inc. 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.
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. 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 , 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.
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. 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. will open a room beachfront luxury hotel-resort at the northern peninsula of Mactan by It will be a venue for premier regional destinations for leisure, gaming, and MICE meetings, inventives, conventions, and exhibitions.
Many developers continue to strive and build quality yet affordable homes to address the growing housing needs of the area. Being an Overseas Filipino Worker is not easy. It takes a lot of sacrifices and you can only imagine how difficult it must be to work in a foreign land away from your loved ones.
OFWs endure the loneliness and hardships just to give their families a better future. As the years go by, you realize that you cannot be an OFW forever.
You eventually want to rest and retire but of course, you need to make sure you have enough funds to do this. Saving is most people do but is it enough? Here are the reasons why investing in real estate is the best way to go:.
Whether you own a condominium, townhouse, duplex or single-family home, maximizing income is always a high priority for any investor. Doing the minimum will usually lead to minimal returns in terms of money and time of tenant occupancy.
How you market your rental determines the number and quality of applications you receive for your property. There is a number of marketing strategies you can use to increase exposure and get more tenants. Look for different real estate investing websites and list your property on more than one platform.
The internet is the first place tenants search for properties so be sure to strategically market online. Depending on the location and type of rental property you own, you can also target a specific group of tenants that may be likely to rent out your property such as university students if your property is near schools, or employees if your property is near businesses.
Choosing qualified tenants to rent out your property is vital to maximizing the ROI of your rental. Having an unqualified tenant can cause problems and can be one of the most draining mistakes any property owner can make.
In your screening process, include a background check, verification of income and employment, rental history, criminal check, and reference check. It all starts at the curb, the first impression of a home and a spot most investors neglect.
Many forgo the fresh coat of paint, leave the dilapidated fence up, forget to wash the driveway, and spruce up the yard. This is not a good sign of potential renters and is a reflection of how they see your maintenance style.
While some property maintenance is generally out of your hands when it comes to condos or townhouses, you have to ensure your monthly homeowner fees are put to good use and funds are allocated to exterior maintenance. The most important areas of the house to good tenants will be the kitchen and the bathrooms.
Invest in good, high quality, matching appliances as it is among the first things a renter usually looks at after entering a potential new home. Older appliances may require unending maintenance and will cost you more in the long run. A little paint goes a long way, and fresh paint on the walls and cabinets will make your rental look new and welcoming.
Use neutral colors that will match any furniture that your incoming tenants may have. Investing in higher quality light fixtures, adding new ceiling fans, upgrading all faucets will give the rental property a more polished pulled-together look. Tenants notice door handles, locks, and window blinds. If your condominium is set up with a laundry area, you can add a washer-dryer set to increase the value of your property. Find quality long-term tenants that take care of your property and pay consistently.
When you find these people, do what you can to keep them. Keep in mind that rent is not the only factor that keeps tenants from moving out. The other key is customer service.
Whether you personally manage your properties or have a property manager, make sure your tenants feel respected and heard. If your tenants inevitably leave, start posting ads and spreading the word about your vacancy the minute you get a word in order to keep the transition period to a minimum.
Moving costs tenants money too. If the value of their current rental is significantly better than the value of a new rental plus the cost of moving, you still have the upper hand. Do a little research on other rentals in the area by checking out sites such as Locanto. ph, OLX, or Lamudi. Consider the following: let your tenants know about an increase in monthly utilities and amenities fees, and have that coincide with an upgrade to your property. For instance, you may plan to upgrade the windows from single to dual pane.
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