Buying Properties For Investment In Cebu City

Property development in Cebu City is currently on an upswing with numerous developments within the city, which makes it practical for people who have a good amount of extra cash to consider buying properties for investment in Cebu City. With the rising population in Cebu City due to the increasing job opportunities brought about by the business process outsourcing industry, there is a huge demand for rooms, condos, and even houses for rent.

Apple One Banawa Heights

The real estate industry in Cebu is currently experiencing a boom as the industry has seen a number of companies being created solely for property development. These companies include Apple One Properties, Grand Land, GoldPeach Properties Inc., and Worldwide Central Properties. These new developers have dominated the real estate industry, according to a report from inquirer.net.

Apple One Properties launched its condominium development in the Banawa area that is patterned after the San Francisco Bay Area. The Apple One Banawa Heights offers three options for people who aim at buying properties for investment in Cebu City, the Tower, Villa and Mansionette.  Since the property is tucked away along the hills of Banawa, it offers potential owners a quiet and relaxing atmosphere while staying close to the commercial and entertainment areas in the city.

Grand Land, which is a part of the Gaisano Capital Group of companies, is set to offer a six-tower condominium development in the Mabolo area. The City Homes brand of the company is also the residential housing offering of Grand Land located in Mactan, Mandaue and Minglanilla.

The second flagship development of GoldPeach Properties Inc. is the City Soho located along B Rodriguez, Cebu City. The name of the development stands for Small Office, Home Office and offers a total of 233 residential units along with 225 commercial units.

On the other hand, Worldwide Central Properties is offering its first residential condominium development in the same area as the Apple One Banawa Heights albeit nearer to the main road. The Sundance Residences will provide Cebu City with at least 208 condominium units by 2015, the projected turnover of the units of the first two towers of the development.

Midori Residences

Aside from these newcomers in the industry, there are also some well-established developers offering good investment options for potential investors.  Two of the biggest developers in Cebu are Cebu Landmaster, Inc. and Primary Homes, Inc. Cebu Landmasters, Inc., has a number of condominium and housing developments in and around the province of Cebu. The Midori Residences of the company is set to be turned over by the end of the year while its Baseline Residences is already completed and only a limited number of units are available for sale. Its latest development for people looking at buying properties for investment in Cebu City is the MiVeSaGarden Residences. This condominium development is actually a good place to consider for people aspire at buying properties for investment in Cebu City. Located in the middle of Veteran’s Drive and Sanson Road, hence the name MiVeSa or middle of Veterans Drive and Sanson Road, the MiVeSa Garden Residences is just one ride away from the BPO center of Cebu City, the Cebu IT Park. It is also one ride away from major malls, commercial district, and even the downtown area of the city. This is actually a noteworthy development for people who aim at buying properties for investment in Cebu City.

MiVeSa Garden Residences

Primary Homes Inc. has a number of developments that are available for people looking at buying properties for investment in Cebu City. It offers middle to high-end projects for potential investors or even condominium owners. Among its middle-market developments are the Lahug Garden Flats, Woodcrest Residences and the Mabolo Garden Flats. Its Avalon condominium development is mainly aimed at the high-end market, and rightly so since right inside the Cebu Business Park, across Ayala Center Cebu.

Buying properties for investment in Cebu City is actually the best way for people who are thinking of the best way to invest their hard-earned money. For instance, purchasing a studio unit through bank financing may cost around P10,000.00 to P12,000.00 each month. The current price for renting studio units in Cebu City is at least P15,000.00. This means the property owner can actually earn around P 3,000.00 each month their property is being rented. Since contracts for renting would normally have a minimum term of at least one year, the property owner will not have to worry about paying for their investment for one year.  All they have to do is to make sure that someone would rent their units. This is where property management companies come in. These companies would take the responsibility of making sure that the studio unit is made available for rent. The best way to have it rented is to get a reputable property management company that has numerous partner-companies to ensure optimum coverage in terms in making it available to potential clients.

The influx of BPO companies in Cebu City has made the city a prime investment area in the real estate sector.  Due to this, it is essential for anyone who has a good amount of extra cash to become a part of the industry by buying properties for investment in Cebu City. Given the chance, I would definitely invest my hard-earned money in properties in Cebu City.  However, for the moment, I am still trying to work hard in order to get the money that I can eventually use in buying properties for investment in Cebu City.