YEAR after year, Mandani Bay’s residential offerings continue to see strong up-take.
Project director Gilbert Ang sees the development as a key catalyst of increased business activity in the cities of Cebu and Mandaue, particularly in the reclamation area.
While property reports primarily identify both personal use and investment as motivations for buying condominiums in the development, international developer HTLand also cites
the overall upswing in Cebu’s industrial, economic, and tourism sectors in recent years as contributors.
Colliers International cited that high-end units in Cebu continue to sell well, resulting in low vacancies and stable growth in rental rates. Master-planned communities that make the interconnected lifestyle possible, where all of modern life’s essentials are at arm’s length, are especially appealing to the market because these projects also tend to place residential areas near centers of business.
To investors, Cebu is a key investment hub in Asia, especially after it was named one of the most sought-after island destinations by a global publication last year. The province continues to attract international companies both for BPO and industrial purposes. “The outsourcing sector’s contribution to total demand for luxury condos should be sustained by the continued inflow of foreign outsourcing investments into the city,” cites Colliers.
This year, with the opening of the newest tower in Mandani Bay’s second cluster, the remarkable opportunity to capitalize on Cebu’s growth and be part of one of its biggest townships is brought closer to its audience once again.(Sponsored Content)