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By: Katlene O. Cacho, Sunstar
Published: May 11, 2023
Full Article: Real estate stakeholders: Expect property boom in Cebu in 2024
Snippets: STAKEHOLDERS in Cebu’s real estate industry predict a property boom in 2024 as developers race to build new projects to sell to the market.

However, while this presents abundant opportunities for real estate-related businesses, it also poses a threat to the industry as the boom could potentially give rise to more “colorum” salespersons targeting the industry’s top buyers—the overseas Filipino workers (OFWs).

“In 2024, we will be having the biggest boom ever in the real estate (industry),” said Anthony Gerard Leuterio, national president of A Better Real Estate Philippines (Abrep). “If there’s a demand, there might be people who will take advantage.”

Abrep is the largest organization of real estate brokers and allied professionals in the real estate industry.

Real estate projects were put on hold for the past two years due to the Covid-19 pandemic. Leuterio said there is now a diminishing supply of units to sell to the market, as these are still the projects launched and built in the pre-pandemic years.

By: Ehda M. Dagooc - The Freeman
Published: April 18, 2023
Full Article: Cebu tourism stakeholders expect more gains in 2023
Snippets: CEBU, Philippines — Tourism players in Cebu expect to see more gains in 2023 as the ‘revenge travel’ phenomenon is showing strong momentum.

Dusit Thani Mactan Cebu general manager Michael Kempf expressed confidence in Cebu tourism’s full recovery in 2023.

While 2023 could be considered a “buildup year” for most hospitality establishments in Cebu recovering from the COVID-19 and typhoon Odette, actual arrivals and rising bookings confirmed that recovery is apparent.

For resorts and hotels which are heavily damaged by the typhoon, like Dusit Thani Mactan, there is now a massive effort to upgrade facilities as well as hire and rehire personnel.

“International guests will have higher expectations, and this brings a lot of pressure on hoteliers to meet these new travel demands,” said Kempf.

Last year, the Robinsons Land Corporation-developed resort located in Punta Engaño, Mactan Island, started to rehire employees—those the resort had to let go due to the pandemic and typhoon Odette devastation.


With the improving occupancy rate and bookings for MICE (meetings, incentives, conferences and exhibitions) events, Dusit Thani is accelerating efforts to upgrade facilities and hiring and rehiring personnel.


“International guests will have higher expectations, and this brings a lot of pressure on hoteliers to meet these new travel demands,” said Kempf.


The resort is also preparing to open more food and beverage selections, such as opening another Korean restaurant within the resort, to anticipate the influx of more Koreans.
An opening of an Indian cuisine restaurant is also being considered, as well as improving menu options for its sports bar outlet and breakfast buffet and dinner spread, among others.

Buying a home is almost always intimidating for first-time buyers, especially for those who plan to invest their hard-earned money to a real estate property. There seem to be so much to process-from reviewing terms and agreements to considering locations, developers, and payment methods.

But hard work pays off. One must do proper research, site visits, computations, and do comparisons to know whether he is getting a good deal or not - do you need a big space or not? Can you afford it? Which area is best for your lifestyle?

But in recent years, interested buyers are considering condominiums more than house-and-lots for various reasons. They deem condos to be more convenient and flexible when it comes to terms, and ideal for their home and work life. Purchasing a condo may be more affordable versus buying a stand-alone home, but may still involve millions of pesos. So for first-time condo buyers, here are some tips and factors to consider before affixing your signature on a sales document.

• Know Your Budget
• Compare Prices
• Access Property Location
• Seek Help From a Real Estate Agent / Broker
• Explore Amenities and House Rules and Regulations
• Go For a Reputable Developer

To help you narrow down your search, Robinsons Land Corporation (RLC) is a reputable real estate company that has residential condo developments, catering to the middle affluent segments of the society, in some of the premier locations across the country. RLC offers a good investment opportunity where you can put your hard-earned money, considering its world-class facilities and infrastructures that adhere to the highest standard of real estate developments.

Indeed, buying a condo is never an easy choice to make. But with informed decision, you can always turn a big deal into a good deal.

|PRO TIP: Always deal with a professional and trusted LICENSED Agent / Broker who will prioritize your best interest during the overall coordination, price negotiation, and paperwork in purchasing your first unit.

Article by: Discover Living, a publication of RLC-Residential Division | Issue 32 * JAN - MARCH 2020 | page 19 -20

By: Morexette Marie B. Erram, CDN Digital
Published: October 08, 2020
Full Article: Cebu named as ‘best island in Asia’
Snippets: CEBU CITY, Philippines – The island of Cebu has been named once again as a popular tourist destination in Asia by a prestigious international magazine.

Condé Nast Traveler (CNT), the luxury and lifestyle magazine of Condé Nast Publications, revealed on October 7, 2020 (Philippine Standard Time) the winners for the 2020 Readers’ Choice Awards.

‘Cebu and Visayas’ topped the list of the Best Islands in Asia 2020 category. It was followed by Sri Lanka at second and Ko Pha Ngan in Thailand at third.

“Located in the center of the Philippines, Cebu draws nearly 2 million travelers annually for its pristine beaches and diving off the island’s northern coast. Spanish and Roman Catholic influences permeate Cebu City; Basilica Minore del Santo Niño houses a small statue of Christ that was presented by Ferdinand Magellan,” the magazine said.

In a follow-up statement, the Department of Tourism in the Philippines (DOT) clarified that Cebu and Visayas were ‘lumped as one entry’ during the votation.

CNT also recommended readers to visit Kawasan Falls located in Badian town of southwestern Cebu.

“Kawasan Falls, a swimming hole and series of three waterfalls near Cebu’s southwest coast, is popular with locals and tourists alike. Really popular—avoid visiting on weekends, and hike past the first of the falls to find a quieter spot,” they noted.

Aside from Cebu, two other favorite tourist spots in the Philippines made it to the coveted. These are Palawan, Siargao, and Boracay which ranked fourth, fifth and sixth respectively.

Condé Nast said that over 600,000 readers were given the chance to vote for their favorite picks for the 33rd Readers’ Choice Awards.

“Our 33rd Readers’ Choice Awards represent the first time that you, the voters, made your picks when almost no one was traveling. So the names in this year’s edition are the ones that brought you comfort, that you still connected with long afterward, that got you through the months without travel,” they explained.

DOT, for its part, welcomed this development.

“The Philippines is indeed blessed with the best of nature, as exhibited by the consecutive accolades we are receiving from reputable and prestigious publications for our islands and beaches,” Tourism Secretary Bernadette Romulo Puyat said in a statement.

“This latest citation from CNT gives us in the Department of Tourism (DOT) a boost of confidence, as we continuously carry out our strategies to gradually reopen domestic tourism, to once again welcome travellers from other countries when things become better,” she added.