7 Reasons Why Now is the Best Time to Invest in Cebu

Millennials and modern families are looking for more when it comes to real estate properties. With Cebu included in the list of the top 50 best islands in the world, it explains why a lot of people are setting their sights on this island. Striving to achieve the ideal work-life balance, urban conveniences, and at the same time, exposure to natural wonders. With this preference for homebuyers, Cebu real estate properties have become more and more popular.  

With big-ticket infrastructure projects propelling Cebu’s real estate and more people looking for a worthy investment, Cebu is a great area to look for residential properties for personal use or as a source of passive income. Whether you are looking for a new permanent home, a vacation home, or an investment property that is sure to give you impressive return-on-investment (ROI), you can never go wrong with Cebu properties.

Part of the new infrastructure projects in Cebu right now is PrimaryHomes’ Royal Oceancrest Mactan. This Neo-Asian minimalist-inspired high-rise condominium is located in Sudtunggan Road, Barangay Basak, Lapu-Lapu City in Cebu. 

By July 2023, this modern and elegant condominium is ready to open its doors and units to residents who want to experience the ideal lifestyle everyone is dreaming of. If you want more reasons as to why you should invest in condominium in Cebu, read on.

7 Reasons Why Now is the Best Time to Invest in Royal Oceancrest Mactan in Cebu

When it comes to real estate investment, there are several factors of concern: location, property type, and time. If you have been captivated by Cebu City and Cebu real estate investments such as the Royal Oceancrest Mactan, this article will help you understand why now is the best time to invest in Cebu real estate properties.

1. Accessibility to local and international destinations

 Photo courtesy of Tirachard Kumtanom via Pexels

Cebu is located at the heart of the Philippines on the island of Visayas. Meaning, living here allows you easy access to the different beautiful provinces and cities in the country including Bohol, Leyte, and Bacolod which are also touristy areas that locals and foreigners frequently visit. 

Of course, being a world-class city, Cebu City houses the Mactan-Cebu International Airport, the second busiest airport in the country. This is ideal for avid travelers and businessmen who want or need to frequently fly. 

It’s a gateway to new experiences and meeting all kinds of people. You can explore the nearby provinces which are just a ferry or car ride away. Traveling to San Fernando is a 40-minute car ride, Bohol is a 1 hour and 30-minute ferry ride, and traveling to Leyte is a 3 hour and 18-minute ferry ride. It may take a little time, but it gives you the opportunity to appreciate the beauty that the island of Cebu has to offer.  

So whether you are going to another part of the country or abroad, you will find it convenient to live in Cebu City. What is more, if you choose to live in Royal Oceancrest Mactan, you are just a few blocks away or 15 minutes from the airport! What a convenience, no need to travel far nor leave early to catch your flight. 

2. Real estate properties are in strategic locations

Cebu City is an ideal location for your home because everything you’ll ever want and need to achieve the relaxing and productive life you’ve ever wanted is found here. Cebu City, similar to Metro Manila, is home to different urban conveniences. This city houses a wide array of malls, hospitals, schools, workplaces, and transport terminals.

With an increasing influx of people visiting and staying in Cebu City due to its strategic location, it is also an ideal site to grow businesses that cater to the needs and wants of residents and visitors alike.

More than just accessibility and comfort, Cebu City’s strategic location also allows you to enjoy the different tourist destinations in the city that will truly make you feel relaxed and one with nature. Some of the tourist attractions you shouldn’t miss in Cebu are Kawasan Falls, Bantayan Island, Sumilon Island, Camotes Island, Malapascua, and Osmeña Peak.

3. Multi-billions worth of new world-class developments 

 Photo courtesy of PrimaryHomes

Aside from the exciting completion of Royal Oceancrest Mactan, a residential Cebu real estate development, there are other emerging business and developments in Cebu City that make living here truly a world-class experience. These developments and infrastructures include Isla dela Victoria, SM Ayala Consortium, SM Seaside City Cebu, Il Corso LIfemalls, Cebu Ocean Park, and Anjo World Theme Park.

Investing in Cebu real estate properties as early as now before these projects are finished is very advantageous for you and your budget. Once infrastructures are completed, the real estate prices in Cebu, whether commercial or residential, is sure to skyrocket because of the new advantages these infrastructures give to people. 

Once these are all completed, they make living in Cebu City more convenient, affordable, and worth every peso. So if you have the money, it is best to invest it now in Cebu City before these new additional developments make the prices or cost of living in the city more expensive.

4. Booming tourism, tech, and retail industry

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The construction and completion of infrastructure projects including the Cebu Cordova Expressway and the Metro Cebu Expressway help to improve the already strong industry of Cebu City. These developments help attract more investors and developers to acquire lots for different residential and commercial Cebu real estate projects.

As more people see how more developed and modern Cebu City is becoming, the more tourists are attracted to frequent here, therefore helping the city’s tourism industry. Aside from the natural attractions mentioned above, people are visiting Cebu for the historical and other amazing tourist destinations in the area.  

Foreign buyers are also interested in Cebu real estate properties either for short or long-term rentals, it’s the perfect business opportunity even for newbie investors. With more and more people residing and visiting the city, Cebu's tourism industry thrives. It’s expected that Cebu tourism will play a key role in the economic recovery of the Philippines. Accompanied by a growing market, there’s no doubt that there’s also a huge demand for the retail industry to manufacture and sell more goods and services to residents and tourists.

As Cebu has captivated the hearts of people, with a growing number of people moving here, the city becomes more ideal for starting businesses as the workforce also increases.

Aside from a booming tourism and retail industry, living in Cebu also allows you to get your dream job. Cebu IT Park, Cebu IT Park, and Mactan Oceantown are some of the business centers in Cebu where a lot of global companies are based. Most of these are industry-related. Without a doubt, Cebu can be an ideal place for career-driven individuals to land a competitive job if they want to develop their careers.

5. Great labor force

For entrepreneurs looking to introduce their business in Cebu, you will find it convenient to start a business here not only because of the market but also because of the great labor force the city offers. Whether you are building a startup or a large corporation in the city, you can be confident that you will have enough employees to keep the engine running in your company. 

6. A tax-free port processing zone

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If you didn’t know already, about 80% of the domestic and international shipping operators and shipbuilding companies, and operators are in Cebu. The port of Cebu is the largest shipping hub on the whole island of Visayas. Cebu City is one of the tax-free port processing zones in the country, traders prefer unloading their products here for immediate shipment, repacking, sorting, and other processes. 

Basically, a freeport like Cebu is special because these ports have normal tax and customs rules that do not apply. This gives the manufacturers and businesses in Cebu the perfect advantage because they can easily acquire imported products and materials which they can use to manufacture their own products and export again to earn income.

7. Higher appraisal values and returns on investment

Photo courtesy of PrimaryHomes

With all these advantages of living in Cebu City, it is no wonder why Cebu real estate properties have high appraisal value and promise impressive returns on investment. 

The prices of properties here are in an upward trend, even more so as the real estate industry of the country recovers and more people prefer suburban living, buying properties as early as now means saving more. If you wait too long before buying your dream Cebu real estate property, there’s a high chance that the price of the property you wanted has increased significantly in a short period of time. 

If you are keen on owning a residential condominium property in Cebu City, ongoing developments such as Royal Oceancrest Mactan are worth considering because the prices for pre-selling units are always more affordable compared to RFO units. 

Moreover, PrimaryHomes make it easier for you to become a homeowner of one of their beautiful units as they offer flexible payment options and reasonable reservation fees in their Buyer’s Guide. Because Royal Oceancrest Mactan is a world-class condominium, expect that there will be a lot of interested buyers here because of its location, unit price, investment potential, and amenities. So make sure that you secure one for you and your family as early as now before all units are sold out!

Your Gateway. Your Getaway.

Undeniably, Cebu is one of the dream addresses people now aspire to have because of the perfect work-life balance it offers. If you want the ultimate modern living experience with relaxing tropical comfort, PrimaryHomes’ Royal Oceancrest Mactan is worth considering.

As Cebu continues to develop, more and more people will be attracted to investing here, so while prices of Cebu real estate properties are comparatively more affordable compared to the next year, it is best to invest as early as now! 

When you own a property in Cebu City, there are a lot of advantages waiting for you. For one, you get to live in a city where you can pursue your career passions and travel goals. Second, you can even earn from your property by leasing them to tourists and other families.

Royal Oceancrest Mactan is Your Gateway. Your Getaway. Contact us and we will help you achieve your investment goal.