Due to its strategic location, Cebu City has become a highly developed commercial and industrial center and the largest economic center outside Manila.Currently, more residential and commercial buildings are being developed in various regions. Many commercial apartments are also under construction, making real estate the fastest growing industry. With the rise of many businesses and the development of engineering, investors' confidence in the Cebu economy is growing stronger.
Some local real estate builders in Cebu, Philippines, said that 2018 was the best year for sales compared to previous years. Ray, president of AppleONe Properties Inc., a real estate developer in Cebu, Philippines, said that since entering Cebu Real Estate, 2018 sales have reached a record high. The company has developed a number of branded apartment projects in Cebu. Due to strong sales in 2018, the company will invest an additional US$152 million in 2019 to develop more projects.
In 2018, Cebu continued to see new investments, flooding into its booming real estate industry and driving a strong local economy. Skilled labor, affordable office leasing rates and improved launch of Mactan Cebu International Airport have consolidated the Cebu real estate market (as a major investment destination outside the metropolis of Manila, Philippines). With a strong economy, a large number of talents and new infrastructure, Cebu is approaching a global city.
At present, investors from all over the world are pushing into the Cebu market.if you are interested in setup a hollow block factory in Cebu and learn more about how we can help you benefit from our services or to discuss any staffing needs, you can reach us atsales@unikmachinery.com