Johann Escanan, Assistant Sales Manager of Rockwell Land Corporation, Kristynne Tan, Marketing Director and Brand Operations Head of RLC Residences, and Manny Arbues, Regional Head for Asia, Oceania, Europe, Middle East and Africa of Ayala Land International Sales, Inc. have streamlined the rapid growth of real estates in the Visayas and Mindanao region in the 9th edition of the Philippine Property and Investment Exhibition (PPIE) 2023.
In a panel discussion, the three speakers have expounded on the topic “VisMin: Fast Developments in the South” providing details on the increasing property value in cities supported by developments and tourism.
They also gave out reasons why the demand is high in Cebu, Bacolod, Iloilo, and Davao region.
As the trend in local real estate development is still going up, the effects are expanding not just in Metro Manila, but in major cities all over the Philippines, including the Visayas and Mindanao regions.
According to Escanan, he has observed new developments sprouting everywhere, specifically in Cebu city and Mactan island, which are the main centers of economic activities in the Cebu province.
“Comparing to Metro Manila where property prices are significantly higher compared to these emerging cities like Cebu, I would say there are a lot of business opportunities that are being offered in Cebu…not just Cebu, but also Bacolod, Iloilo, and Davao,” Escanan said.
On the other hand, Tan noted that there is a significant indication of how receptive the Cebu market is for premium investments.
“We also see a lot of government projects in terms of infrastructures coming in… we are confident that is really going to be a progressive location, something that the Cebuanos can look into investing,” Tan shared.
Meanwhile, Arbues bared that the VisMin area has more trees and lush open spaces which several investors consider in purchasing.
“What you have to consider Cebu being an investment option, is that Cebu is the center of education, center of trade in the entire Visayas and even the northern part of Mindanao,” Arbues added.
The high-density urbanization of Metro Manila is spreading to VisMin’s growing cities. Key locations such as Cebu, Bacolod Iloilo, and Davao continue to be attractive real estate investment hubs as it records a steady demand for residences, offices, and commercial spaces in these provinces.
With this, overseas Filipino workers in the UAE was enlightened about the bright prospects in the VisMin region as Escanan, Arbues, and Sotelo highlighted the developments from each of the biggest and leading real estate companies in the Philippines.
The recently concluded PPIE 2023 was held from May 12 to 13 at the Radisson Blu Hotel, Deira Creek, Dubai. It is the largest and longest-running property and investment exhibition in the Middle East and has gathered thousands of attendees from different emirates with a notable presence of high-level delegates from the Philippines and the UAE.
