Cebu Continues to Grow as a Prime City for Real Estate Investments

Manila, Philippines – Lamudi’s Housing Fair in Cebu is happening on September 21 and 22 at the SM Cebu Trade Hall. The real estate platform takes the housing fair to Cebu once again as data shows the city is popular for home buyers and investors.

With an increase of 11% in the number of leads generated in the first half of 2019 compared to the same period in 2018,Cebu continues to be a popular city for property seekers who are interested in property buying or investment. According to data from Lamudi, there is a significant interest in Cebu properties at various price points.

Property seekers interested in Cebu real estate look for properties in Banilad, which ranked first as the most searched in the province, with Lahug not far behind. According to Lamudi, the top 10 most popular areas in Cebu for real estate searches are:

  • Banilad
  • Lahug
  • Guadalupe
  • Talamban
  • Mabolo
  • Banawa
  • Basak
  • Labangon
  • Mactan
  • Kasambagan

Cebu expresses a healthy interest in home-ownership, specifically in houses worth over P3M. The most searched properties for sale are priced P1.5M on average, and a significant number of property seekers have expressed willingness to buy properties at this price. However, the number of property seekers interested in buying properties worth 3M or more is greater than the combined number of property seekers interested in buying from the P1.7M-3M, P450k-1.7M, and P450,000 or less price ranges.

The top five most-viewed prices for houses for sale are:

  • P1.5M
  • P3.5M
  • P6.5M
  • P5.5M
  • P5M

In terms of interest in rental properties, those costing between P10,000 to P20,000 are the most viewed, followed by properties priced higher at P20,000 to P30,000 and properties priced lower at 5,000 to P10,000. A majority of them have expressed willingness to buy properties costing over P30,000.

The Lamudi Cebu Housing Fair is the third installment of the real estate platform’s series of housing fairs in the Philippines this year. Following the successful events held at the TriNoma Activity Center and in Glorietta early this year, Lamudi is expecting property seekers, investors and real estate professionals to attend the event on September 21 and 22 at the Cebu Trade Hall in SM Cebu. 

The Housing Fair, which was a Metro Manila-only event until last year, is returning to Cebu for the second time after a successful event last year at Ayala Center Cebu.

“While real estate opportunities abound within Metro Manila, it’s high time for us to witness first-hand the constantly growing potential of Cebu as a real estate hotspot,” says Lamudi CEO Bhavna Suresh of the Cebu Housing Fair 2018.

Bringing trusted names in real estate together

Major sponsor Federal Land, a household name in property development, will be present together with minor sponsors King Properties, DMCI Homes, BPI Family Housing Loan, and Aboitiz Land. Lamudi is also joined by event partner Subdivision & Housing Developers Association, Inc. (SHDA) in the Cebu Housing Fair.

Attendees can visit booths from Be Residences, Damosa Land, Inc., Saekyung Realty, Philippine Estates Corporation, RFK Holdings, RDAK Land, and more. Lamudi Academy will also hold sessions to educate real estate professionals on online real estate marketing. Property seekers in attendance will also learn about topics surrounding homeownership from industry experts.

Lamudi’s media partners for the Cebu Housing Fair are Philippine Daily Inquirer Property, Business World, Business Mirror, Malaya Business Insight, and The Philippine Star.

For more information, visit lamudi.com.ph/housing_fair.

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