As years gone by, Manila City became so populated and polluted due to congestion of migrating people and vehicles annually because fast business progress that continuously enticing people to stay and work permanently because also of lucrative compensation than working in their respective provinces. Everyday, traffic jam became the primary problem during peak hours of working days that even now still the same traffic problem. In addition to this, the polluted air and atmosphere around due to smokes and smogs of different manufacturing plants and factories around. Dirty surrounding as the result of unmanageable waste disposal anywhere and everywhere scattered around that even local government authorities has no fully in control of the situation. Because of these worst scenario Manila City was no longer a right investment in the Philippines for real estate.
Here comes Cebu City of the Philippines. This city is located at the center of Visayas island which happens to be the smallest of the three main islands if all islands around its area merge into one. It 's been tagged as "The Queen City of the South", the new center of commercial businesses in the country - it is because it geographically situated at the three main islands comprising the Philippine archipelago. Rich in its culture and traditions, Cebu City hosted lots of world historical events that would not be forgotten in world history.
One of those is the most renowned discovery of Portuguese explorer Ferdinand Magellan in the Philippnes after King Philip II of Spain where Cebu City itself is the center of the first to be Christianize but unfortunately defeated and killed by Lapu-lapu during their battle at Mactan island where Lapu-lapu City recently is the new name of former Mactan Island. Lapu-lapu a brave Filipino tribe chieftain became the first Filipino hero.
One of the rich culture and traditions which Cebuanos (people of Cebu City fondly called) really proud of is their annual celebrations of Sinulog Festival- an annual street dancing festival happens always at every third week of every January in a week long celebrations. Few of the assets added in Cebu City are the white sandy beaches and resorts, beautiful dive spots, lots of beautiful and historical places plus the amiable and the unmatched hospitable of the Cebuanos which local and foreign tourists keep on coming back even some were got married and stay for good in Cebu City - invested properties that for them the right investment in the Philippines.
Generally, tourism is one of the reasons why Cebu City real estate business started to be boomed. During global recession few years back, tourism is the biggest revenue earner of the city. The local government added and extend its full support by giving additional tourist attractions and promotions that enticed local (balikbayans) and foreign tourist to keep on coming back and forth yearly. Some expats got married some Cebuanas (female city residents) abroad and decided to make Cebu City as their retirement haven.
Increasing influx of migrating people and even investors yearly are the result of high demand of living accommodations because the city and its existing hotels and restaurants could not afford anymore the flow of people either to stay or spend vacation with pleasure in Cebu City that still happening nowadays. Lots of high rise condominiums around the city which constructed almost simultaneously is the product of investors and businessmen's right investment in the Philippines particularly here in Cebu City.
One of the ideas which the city supported more on the booming status of Cebu real estate business is by upgrading of all tertiary hospitals into globally competitively by having state-of-the-art hospital facilities capable of attending all kinds of medical problem - inviting foreigners as medical tourist instead of people in Cebu City to go abroad for special medications. Added local and international flights even international sea travel schedules gave additional accessibility to all kinds people keep coming back to visit the progressive city of Cebu.
Based on lots of comments and feedback from different businessmen who had also investment at Manila, Cebu right investment in the Philippines is more expensive compared to other places in the country base on investment property categories - low cost, middle to high end level.
Well, it is really true, but, there are businessmen and investors also considered this price big difference for these following reasons;
- wide area to choose for cleaner and fresher atmosphere
- less pollutants less pollution
- greener environment compared to Manila City
- peace and order stability
- shorter streets to walk if you will just walk
- less flood prone areas to choose - from urban living areas to high-sea level
- upgraded medical hospitals and facilities especially for the senior citizens and expats
- lots of direct international sea and air travel that connects to different key cities around the world
These are just a few reasons why businessmen and lots of investors flocked Cebu City because they think Cebu real estate is the right investment in the Philippines.
Nathaniel J. dela Pena, is certified and authorized property consultant gladly would take care and accommodate all your Cebu real estate inquiries. He affiliated with Land Asia Realty and Development Corporation as Cebu City's most reliable and credible on real estate business not only in Cebu City but also has offices in United States particularly in Las Vegas. The company which he is recently affiliated is already 22 years in the business.
