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Investing Highlights in Real Estate
1. PROJECT
Investing Highlights in the Real Estate Industry
in Cebu Market, 2019 and 2020
EnP Augusto B. Agosto, REB, REA
Ateneo de Manila Graduate School
Cebu Business Park, Cebu City
April 2, 2019
Faculty, USC School of Business and Economics
7. Office
• 1 Million square meter
• Between 2018 and 2020, additional completion of close to
400,000 sq m of new office space.
• A combined 60% of the new supply will be in Cebu
Business Park (CBP) and Cebu IT Park (CITP).
• - Vacancy rate -10-11 % in the next two years.
9. Industries
> 11 PEZA-accredited special economic zones (SEZs)
with major industrial estates including: the Mactan Economic
Processing Zones 1 and 2, the Cebu Light Industrial Park, West
Cebu Industrial Park, MRI EcoZone and New Cebu Township.
> Six SEZs cumulatively host 278 locators and employed
116,651 workers
Source: Cebu provincial government, 2016
10. Tourism
Cebu’s tourist arrivals in 2018 reached to 5,575,896, higher
compared to 2017 which only had 4,877,047.
2,805,115 foreign tourist arrivals and 2,770,781 domestic tourist
arrivals