Cebu is an up-and-coming destination. For starters, the local economy continues to perform well with the BPO industry taking off. A number of multinational companies have also established a presence in Cebu thanks to a skilled labor force.
And this is only half the story. The other half is a booming tourism industry. International visitor arrivals to Cebu grew by 14 percent in 2017. Almost 54 percent of the 4.9 million visitors who arrived to Cebu last year came from overseas. And with the opening of Terminal 2 at Mactan-Cebu International Airport, even more guests are expected in 2018.
Both of these factors have ensured impressive growth for the property market. Rising property values along with strong rental demand has created an ideal opportunity for real estate investors looking for strong returns and solid capital appreciation.
And they need to look no further than Grand Residences Cebu, winner of Best Investment Condominium at the Dot Property Philippines Awards 2018. The project is located in the heart of Cebu City.
There are studio, one-, two- and three-bedroom units at Grand Residences Cebu with each one being designed to maximize space and comfort. Additionally, all units come with a balcony providing residents with a splendid view of the city skyline and ocean horizons.
The impressive residences have been paired with outstanding amenities that makes the development feel less like a condominium and more like a 5-star resort. From the sprawling swimming pool to the serene gardens and luxurious lobby, Grand Residences Cebu spares no expense in creating a breathtaking living experience.
While the location of the project places it firmly in the heart of the city, more than 65 percent of the residential project is open spaces. This provides a relaxed, private setting not found elsewhere in Cebu.
All of this guarantees it will be the place to live in in Cebu City for decades to come. It also means units will only increase in value. Regardless of if you plan on living here or renting out the unit, Grand Residences Cebu provides the ideal opportunity for property investment. It is easy to see why it was named Best Investment Condominium at the Dot Property Philippines Awards 2018.
