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Good Real Estate Buy - Cebu City
By philobean | July 16, 2007
Ever wanted to live up in the mountains but still be just a few minutes away from the city where work, study and shopping will likely be? Well, for metros like Manila, this may be an impossibility but not so for Cebu!
Ever wondered why Cebu’s international airport is located in Mactan and not Cebu City proper? Well, besides traffic and good city planning, we just don’t have enough flatlands between the mountain ranges along central Cebu and the sliver of an island’s shore line (acknowledgment goes out to Jaine Yeh for this wonderful insight).
Only in Cebu: Live in the mountains, where its cool and relaxing, be 10 minutes away from the office, the schools and the mall, and yet also be only 20 to 30 minutes away from the nearest dazzling beach resort!
So, back to real estate. The once agricultural lands up from Nivel Hills (where the former Cebu Plaza and now Macro Polo Plaza is located) all the way to Balamban is quickly becoming residential. Land development is booming in the area. (Note: Ayala Land was one of the first land developers to recognize the Busay-Balamban real estate opportunity, having built Ayala Heights around the turn of the millenium).
Now, battalions of small, medium and large developers are entering the scene. It wont be a surprise if market values skyrocket very soon (if they haven’t already begun to, that is).