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The Queen City of the South stands out by serving as the country’s main domestic shipping port and is home to about 80 percent of locally-based shipping companies. |
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The average price (2021) of a condo for sale in Cebu City is about PHP 143,000 per square meter. |
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As an island city, incorporating the sun, sand, and sea into everyday modern living is nothing unusual or complicated. |
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Major property developers have also unveiled their own condominium projects in the city to take advantage of the city’s booming real estate market. Property giant, Ayala Land, launched 1016 Residences and Park Point Residences for those who are more financially capable of buying a luxury condo for sale in Cebu. |
Cebu City continues to be the place most associated with the Visayas region for a number of reasons. Apart from sharing its name with the province it is located in and serving as its capital city, Cebu is also widely recognized as one of the Philippines ’ most significant economic centers.
It rivals any major city in Metro Manila in terms of infrastructure and commercial establishments and is actually considered the Metro’s counterpart in Visayas. The Queen City of the South stands out by serving as the country’s main domestic shipping port and is home to about 80 percent of locally-based shipping companies.
Its solid and steady growth lies in its manufacturing, service, and tourism sectors with the real estate, information technology, and business process outsourcing (BPO) industries leading the way. In 2019, Cebu was the second most visited province in the Philippines. It raked in over 1.4 million visitors that year.
For these reasons, it’s worth it to invest in a condo for sale in Cebu. The area is poised for growth in the coming future, which means property values will appreciate and yield high returns on current investments. As it stands, it’s also one of the most livable cities in the country next to Metro Manila, so living here isn’t such a bad idea either.
Cebu is also the oldest city in the Philippines and was the first Spanish settlement during the colonial period. While possessing an extensive past, and being deeply rooted in the Spanish and Roman Catholic influences behind it, the city is also the most highly urbanized in its region.
The city also serves as a major hub for the BPO industry. It ranked fifteenth in Tholons’ super cities list for BPOs. It’s the only city outside of Manila in the list. Cebu’s modern infrastructure and high-quality workforce makes it an attractive spot for international businesses.
Living in Cebu means leading a cosmopolitan lifestyle comparable with the major areas of the capital. What cities like Makati or Mandaluyong cannot offer, however, is the close proximity to beaches. As an island city, incorporating the sun, sand, and sea into everyday modern living is nothing unusual or complicated. This is why many people rent condominiums to live here, but why rent when buying a condo for sale in Cebu is affordable and a better investment?
Whether looking for a permanent residence or simply investing in a vacation home, deciding to get a condo for sale in Cebu City is a sound choice. With an estimated 6,000 new condos delivered in 2020 and over 1,545 Cebu City condos listed in Lamudi one is not left wanting in terms of availability and options.
Families can already purchase a two-bedroom unit in Oasis Mabolo for PHP 3.3 million. Those living alone can have a one-bedroom flat for PHP 1.7 million in Singson Flats. Major property developers have also unveiled their own condominium projects in the city to take advantage of the city’s booming real estate market. Property giant, Ayala Land, launched 1016 Residences and Park Point Residences for those who are more financially capable of buying a luxury condo for sale in Cebu.
Frequently Asked Questions
Is there a cheap condo for sale in Cebu below 2M?
Yes, you can find cheap condos for sale in Cebu below 2M. Don’t let the affordability of these properties fool you, these condos are high-quality and extremely accessible.
Is there a cheap condo for sale in Cebu with a balcony?
Yes, there are condos for sale in Cebu with a balcony. A balcony is a great way to appreciate the natural beauty of Cebu from the comfort of your own condo unit.
Is there a penthouse condo for sale in Cebu?
Yes, you can find some penthouse condos for sale in Cebu. These luxury condo units are perfect for anyone who wants to live the high life in the Queen City of the South.
