Experts, developers see more opportunities for property sector in 2017 The construction boom in Cebu continues as more vertical and horizontal projects are being lined up for development this year. Amid this development, a property expert has noted the maturity of the market while an official of

New township developments may spread out the centralized development in Cebu City, according to Pinnacle Real Estate Consulting Services, at it considers the Cebu real estate market reaching its maturity. In its recent study, Pinnacle said although the Cebu property market is very developed, "there

Cebu’s construction and real estate industry operated in positive territory in 2016 and prospects for higher government infrastructure spending is expected to drive market confidence next year. Preliminary data from the National Economic and Development Authority (Neda) 7, sourced from the Phi

The retail sector in 2016 continued to contribute significantly to the local economy, amid strong domestic consumption. According to the Philippine Statistics Authority (PSA), household final consumption expenditure (HFCE) grew by 7.23 percent in the first three quarters of this year versus 6.2 perc

Property developers that adopted a wait-and-see stance in the run-up to the national elections are back in business as new market opportunities emerge, according to a real estate consultancy. In its report released Friday, Pinnacle Real Estate Consulting Services Inc. said the opportunities to addr

The island of Cebu no longer hides its imperial beauty behind the curtain. Boasting to be the country’s leading business and tourist hub, Cebu indeed is the rendezvous of tradition and modernization, keeping the pace of trade while providing relaxation to locals and tourists alike. Because of

DEMAND from business process outsourcing (BPO) firms will encourage robust growth in Cebu’s office property market, according to a report released Tuesday, by Colliers International Philippines, the latest in a series of analysts to highlight the positive prospects for real estate development

Real estate consulting and services firm Pinnacle said the business process outsourcing sector continues to be the driving force of the local office market. Cebu, it said, follows the national trend where the BPO industry heavily drives the market. In a report, Pinnacle said the annual average g

DOT chief urges stakeholders to build more hotels and resorts There is a need to build more hotels and resorts in the country especially since more tourists are expected to visit the Philippines in 2017. Tourism Secretary Wanda Corazon Teo expressed this need in the tourism industry, citing the co

THERE are promises that are meant to be broken. Such is the case of "many" condominium and housing projects in Cebu, according to an official of the Housing and Land Use Regulatory Board (HLURB) 7, that have not been turned over on time. One of the discouraged condominium buyers is an overseas Filip