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"Bright Year Ahead for Real Estate"
By: Mia A. Aznar
Published in the Sun.Star Cebu newspaper on February 02, 2011.

     FOR officials of an investment company, real property will continue to be an “optimistic” sector for 2011.

     Justino Ocampo, senior vice president of First Metro Investment Corp., said that with a 3.5 million backlog in housing that needs to be served, the demand needs to be filled up.

     He predicted that for the first quarter of the year, issuances will be given to home developers.

     “We expect many new names in the market,” he said.

     Ocampo, who spoke on corporate issuances and growth industries during a recent FMIC 2011 Economic and Investment Briefing, also identified power, mining, electronics and the equity market as industries that are expected to do very well this year. > > > READ MORE HERE...

"Feng Shui Adviser, Economist Take Up 2011 Prospects"
By: Katlene O. Cacho
Published in the Sun.Star Cebu newspaper on February 05, 2011.

     THE Mandaue Chamber of Commerce and Industry (MCCI) and the Cebu Business Club (CBC) will host another forum to guide business owners in Cebu on the economic and feng shui prospects of the year.

     The forum “Views and Prospects 2011” is scheduled on Tuesday, Feb. 8 at the Hotel Elizabeth, with economist Perry Fajardo and feng shui consultant Maritess Allen as speakers.

     Fajardo, a professor at the University of San Carlos and executive director of CBC, will discuss the issues of 2010 that will shape the direction of doing business in 2011. Fajardo’s talk will also focus on why and how the country, particularly Central Visayas and Cebu, were affected by and rebounded > > > READ MORE HERE...

"Cebu ‘to Grow Faster’ in 2011"
By Katlene O. Cacho and Mia A. Aznar
Published in the Sun.Star Cebu newspaper on January 04, 2011.

     CEBU will have faster economic growth this year, business leaders said yesterday.

     For local business leaders, the business process outsourcing (BPO) and tourism industries remain the top sectors that offer opportunities for Cebu’s business community.

     Filipino-Cebuano Business Club Inc. (FCBI) president Rey Calooy sees brighter business opportunities this year and said Cebu will have a faster growth than any other city in the entire country.

     Calooy based his projection on Cebu’s economic performance in 2010. He cited the proliferation of infrastructure projects, including the construction of high-rise buildings, and the growing traffic congestions as indicators of Cebu’s progress.

     Business leaders, however, agree that a solution needs to be made to solve the growing traffic congestion. “We’ve grown to a phase that we don’t need any more jeepneys,” Mendoza explained. > > > READ MORE HERE...

"Real Estate Boom to Take Peak in 2011"
(The Freeman) Updated January 01, 2011

     CEBU, Philippines - As big and small developers started to pour in their investments in 2010 to dramatically change Cebu’s real estate landscape, the year 2011 ushers in a new dimension of the industry’s boom.

     The renewed confidence of investors and market for the Philippine economy in general will benefit the entire real estate industry, especially in Cebu—the new second-home attraction for both local and foreign markets, said PhilACRE president Anthony Leuterio.

     “The year 2011 will be the most exciting year real estate sector in recent years. A golden rabbit is a great sign for all of us. The influx of tourists and with the renewed confidence brought about by the new government will make the Philippines, especially Cebu more attractive for real estate buyers all over the world,” said Leuterio.

     Aside from condominiums, which fuels the growth of the real estate sector in Cebu, Leuterio said increasing demand for middle-range and economic housing projects is projected to strengthen, and that OFWs are the main target market for this segment.

     Although, there is also a good market outlook for high-end and sophisticated retirement residential projects, Leuterio said this particular segment only accounts for minimal percentage of the entire real estate growth for 2011.

     Multi-billion pesos real estate projects will be started in Cebu this year, a combination of commercial and residential developments.

     In 2010, Cebu gained the attention of the country’s top developers, where billions of pesos had been allocated to change the landscape of the Queen City of the South—making it a truly world-class urban center.

     Established developers such as SM Prime, Filinvest, Ayala Land Inc., Aboitiz Land Inc., and among others are just few of the dozens of real estate capitalists that in the Philippines that officially announced their serious investments in Cebu in the real estate sector. With limited availability of land in the island Province, developers have opted. . . > > > READ MORE HERE...

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