Business

Colliers projects significant growth in Cebu’s real estate market beyond 2024

1 -Market Briefing(1)

A global leader in real estate services and investment management has outlined the immense potential of South Road Properties (SRP) as a driving force behind Cebuโ€™s economic growth.

Colliers Philippines emphasized how Cebu City continues to evolve into one of the countryโ€™s most dynamic urban centers, with SRP playing a key role in this transformation.

In a market briefing at City di Mare (CDM) Visitors Center over the weekend, it said that the 300-hectare SRP is poised to become the new epicenter of business and lifestyle, a world-class mix of commercial, residential, and recreational developments that integrate into the cityscape.

โ€œWe see Cebu reflecting the property rebound being seen across the country. Across all property segments โ€“ office, residential, retail, leisure, and even.” noted Colliersโ€™ head and director of research Joey Roi Bondoc.

โ€œColliers is projecting tremendous potential for growth beyond 2024,” he added, as he shared his insights on Cebu City’s dynamic and exciting real estate landscape.

At the heart of this transformation, he pointed out, lies CDM, a 58-hectare mixed-use development and the largest within SRP. CDM embodies a sustainable, eco-friendly live-work-play lifestyle, offering investors a unique opportunity to be part of SRPโ€™s evolution.

Strategically located for optimal accessibility and connectivity, CDM is conveniently near key transportation hubs, such as the Cebu-Cordova Link Expressway (CCLEX), Mactan-Cebu International Airport, and Cebu’s international port.

This prime location ensures seamless travel to and from the township, noted Engโ€™r. Gwen Sala, deputy general manager for CDM of Filinvest Land, Inc.

Additionally, a soon-to-be-constructed pedestrian bridge will provide direct access from CDM to IL Corso Mall, enhancing pedestrian connectivity in the area, she added.

Prime Commercial Lots

Sala bared that CDM offers prime investment opportunities through its commercial lots at the Coastal Block and Greenway Block. The Coastal Block consists of five exclusive oceanfront lots, perfectly suited for large-scale developments.

2 - CDM @ SRP(1)

With stunning views of the sea and mountains, generous lot sizes, and a higher allowable floor area ratio, these lots encourage creative opportunities for innovative designs and layouts, she noted.

The Greenway Block, while distinct from its natural surroundings, offers convenient access to a 1.3-hectare Linear Park, featuring lush gardens and adaptable spaces. This design fosters a vibrant community atmosphere and attracts high-value tenants, she added.

Businesses situated near green spaces are often more poised for growth, making the Greenway Block an ideal location for companies looking to thrive in an environment that encourages both well-being and success, she pointed out.

โ€œInvesting in CDM properties presents a rare opportunity to tap into a thriving market. As the area develops, the demand for diverse commercial spaces, from retail and hospitality to corporate offices, will only increase, making CDM a smart and strategic investment choice,โ€ Sala said.

Growing Commercial Landscape

CDM is further amplified by the influx of renowned establishments, including Jollibee, Chowking, Boโ€™s Coffee, Caltex, The Future Golf Driving Range, and the TRG Football Academy. These additions underscore SRP’s rising reputation as a premier destination for both business and recreation.

โ€œWhat really stands out is the potential to shape the future of Cebuโ€™s business landscape,โ€ stated Don Ubaldo, first vice president for Filinvest Townships.

โ€œThese lots present investors with a unique opportunity to build something significant, whether itโ€™s a headquarters, a thriving commercial hub, or an innovative development,โ€ he added.

โ€œItโ€™s about creating spaces that are not just functional but also truly impactful for the community and the local economy,โ€ he pointed out.

For more information about City di Mare, visit the official Facebook page at City di Mare or email sales@citydimare.com.