Cebu, a Good Place for Investing in a Condo Unit
The anticipated increase in visitors, both domestic and international is expected to drive up the demand for accommodations and investing in a condo unit in Cebu.
The Center for Aviation (CAPA) report dated April 3, 2016 showed that the Mactan Cebu International Airport (MCIA) has recorded a 14 percent passenger growth for the entire year of 2015.
In fact, MCIA arrivals are expected to further expand, especially with the expansion of the operations two major airlines, Cebu Pacific and Philippine Airlines (PAL), in Cebu.
“Cebu Airport has emerged as a battleground for the two main airline groups in the Philippines. Cebu Pacific and Philippine Airlines (PAL) are both pursuing ambitious domestic expansion at Cebu, pressuring yields on point-to-point routes that bypass congested Manila,” according to the CAPA report.
Cebu Pacific is adding seats on seven domestic routes out of MCIA while PAL is also adding capacity on six domestic routes from Cebu.
Megawide Construction, in its disclosure to the Philippine Stock Exchange, reported that GMR-Megawide Cebu Airport Corp. (GMCAC) which operates the MCIA posted an increase of 9 percent for its domestic flights and 13 percent for its international flights.
Buying a condominium unit in Cebu for rental would therefore be a wise investment since growth in MCIA passenger traffic would translate to higher demand for accommodations, including rental condo units.
Taft Property Venture Development Corporation, one of the most reliable real estate developer in Cebu, has implemented several condominium projects, the first of which is Horizons 101, along Gen. Maxilom Ave. in Cebu City.
The Horizons 101 is constructed in a very accessible location along Gen. Maxilom Ave., Cebu City , very near supermarkets, churches, schools and restaurants.
Its other projects are Symfoni Nichols, Taft East Gate and Soltana Nature residences. Just like Horizons 101, these three projects are at a very ideal location.
All these projects carry the Comfort by Design Brand. This meant that Taft Properties provides extra attention to detail to make its projects built and ready for a well-lived life.
If you want to invest in condominiums in Cebu, place Taft Property condo projects on top of the list.
So don’t delay. You can visit our website, http://taftproperty.com.ph for more information.