Lancaster Cebu Takes Advantage of Philippine Real Estate Boom
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Lancaster Cebu Capitalizes on Philippine Real Estate Surge
Overview
Expatriates and overseas Filipinos are driving a booming real estate market in Cebu, offering a significant investment opportunity for quality housing. Their interest in short- and medium-term condo leases is pushing rental rates to unprecedented levels.
Key Points
- Investment Opportunities: Focus on condotel investments, apart-hotels, and other real estate ventures in Cebu, aligning with interests in vacation rentals and accommodations near Mactan-Cebu International Airport.
Article
Cebu, situated 365 miles south of Manila, is a strategic hub in the Visayas region. A brief one-hour flight connects it with the capital, while its proximity to islands like Negros Oriental, Leyte, and Bohol, alongside Mindanao regions such as Cagayan de Oro and Surigao del Norte, strengthens its appeal as both a resort and convention hub.
Beth Collingz, International Marketing Director for PLC Global, highlights Cebu's robust economic growth. As the second-largest city with an impressive track record, Cebu excels in exporting furniture, fashion accessories, and electronic products. Its deep-water harbor supports 80% of the country's major shipping companies, and the Mactan-Cebu International Airport offers seamless connectivity to both domestic and international destinations, including Singapore, Seoul, and Hong Kong.
Capitalizing on this real estate upswing, Pacific Concord Properties Inc, under the Lancaster Brand, is expanding its operations. The acquisition of 27 additional units for its Lancaster Cebu Resort Residences adds a significant 75 million pesos to the project inventory, aiming for a total of 195 suites by year-end.
Collingz asserts, “Property is all about LOCATION.” Mactan, Cebu offers a perfect blend of provincial charm and urban convenience, with schools, hospitals, restaurants, and shopping malls within easy reach.
Located just three minutes from Mactan-Cebu International Airport, Lancaster Cebu Resort Residences epitomizes urban accessibility. As a premier condominium hotel, it appeals to both business travelers and tourists. Potential buyers have the option to purchase condotel suites for investment or lease them on flexible terms. The property offers fully furnished executive studios and two-bedroom suites, available at affordable pre-increase prices and ready for occupancy by December 2007. Attractive financing options include a reservation fee and balance payable over 24 months without interest, or five-year payment plans with in-house financing and a modest down payment.
The Lancaster Cebu Resort Residences also provides ready-to-occupy studio and two-bedroom suites for lease on a daily, weekly, monthly, or yearly basis. Despite ongoing renovations, special promotional rental rates are currently available.
By harnessing Cebu's strategic location and robust economic potential, Lancaster Cebu positions itself as a top choice for property investments and quality accommodations in the thriving Philippine real estate market.
You can find the original non-AI version of this article here: Lancaster Cebu Takes Advantage of Philippine Real Estate Boom.
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