Cebu is known for its rich culture and history. It's also a busy place in Central Visayas that's great for investing. Even though COVID-19 hurt the economy, Central Visayas did much better in 2021, growing by 6.9% compared to a big drop of -10.8% in 2020. This happened because of things like lots of tourists coming, many jobs in business process outsourcing (BPO), and better roads and buildings. That's why people call it the "Queen City of the South". Investors can make good money in Cebu. Here are four reasons why it's a smart idea to invest there! Keep reading to find out how you can take advantage of all the good things happening in this growing area.
Investing in Cebu is a smart choice mainly because of its rapid development in infrastructure. This growth has led to increased demand for housing, business, and industrial spaces, attracting both local and international investors and developers to invest in building more infrastructure in the area. Notable examples include the opening of the Cebu-Cordova Link Expressway in April 2022, easing travel between mainland Cebu and Mactan Island, while ongoing projects like the Metro Cebu Expressway aim to improve traffic flow across the province's mountain range from Naga City to Danao City.
Central Visayas emerged as the region with the second-highest number of construction projects in 2019, indicating the region's significant development momentum. With Cebu's thriving Information Technology and Business Processing Outsourcing (BPO) sectors earning it a place in Tholons’ Globalization Index's Top 12 "Super Cities", the city continues to show positive growth across major economic industries. Despite challenges such as the COVID-19 pandemic, Cebu's economy rebounded with a 6.9% growth in 2021, driven by sectors like retail trade, real estate, vehicle repairs, and financial activities. As infrastructure projects continue to unfold, Cebu presents promising opportunities for investors, especially within its economic zones offering tax incentives and simplified trade procedures. Additionally, with the establishment of industrial parks like the Cebu Light Industrial Park on Mactan Island, investors can benefit from world-class facilities and strategic locations near transportation hubs. Furthermore, Cebu's status as a UNESCO "Creative City" and its abundant tourist attractions ensure a bright future for tourism investments, making it an attractive destination for investors seeking lucrative returns.
BDRS Realty Management Services Co.
