Colliers: Nat’l developers to still pursue mixed-use communities for Cebu
The Ayala Business Park. (CDN PHOTO/TONEE DESPOJO)
FOR national developers to make more headway in the competitive real estate market in Cebu, Colliers Philippines, a property research and management firm, has recommended that they would need to develop mixed-use communities; differentiate integrated projects; as well as expand presence into the hospitality and industrial sectors.
Colliers Philippines has given these recommendations in its report “When Giants Invade: National Property Developers Redefining Cebu,” released on Monday.
The property research and management firm also said that these developers would continue to pursue mixed-use communities in Metro Cebu to provide better value proposition than stand-alone projects.
Megaworld is replicating its successful Eastwood City, the first PEZA-accredited IT Park with Mactan Newtown; Ayala Land created a more contained version of the Makati Central Business District through Cebu Business Park and Cebu IT Park; and Filinvest Land is developing City di Mare.
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of Cebudailynews. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
