Cebu City is growing rapidly at more than 13% GDP growth while a massive new airport has just opened on 1 July 2018, 3 times the size of the previous one.
At least 2 new mega malls will be delivered in late 2019, new hotels are opening in Cebu at a speed of 1 per month, tourism growing more than 20% pa and a huge new Ocean Park (largest water park in the Philippines) is also due to open in 2019.
Massive construction has been boosted by foreign investors with large scale funding of infrastructure projects under the “Build Build Build” plan by President Duterte supported by billions from China, Japan, Singapore and many more nations.
The largest and 128 year old real estate conglomerate from HK – Hong Kong Land (owned by Jardines) has chosen to develop one of the top most water facing locations in Cebu City.
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| Evening view - Full render of the Project |
Hong Kong Land has developed projects in Philippines already, one in Cavite – Northpine land in 1996 and one in Manila – 2 towers in Roxas Traingle in 2001.
This time they have chosen to build a large multi purpose township of 21 towers spread over 20 hectares. Entire project is estimated to be completed by 2026.
Launched in 2016, this luxury multi purpose township project is valued at 130 billion pesos (approx. USD 2.8bn based on FX rate in 2016).
This community will be 30% constructed and 70% open spaces unlike anywhere in the Philippines where typically 70% is constructed and 30% is open space.
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| Towers on Sale |
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| Boardwalk view - Dining |
This project will be the only project in Cebu with a boardwalk on the water, that can be used for dining or jogging and shall serve as a new and unique tourism destination for all tourists and Cebuanos.
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| Boardwalk view 500 metres |
To make it very convenient, the 21 tower community will include 1 tower as a shopping mall as well besides a few office towers.
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| Podiums connecting all towers |
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| Podium view between towers |
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| Road and pavement view between towers |
In addition, it is 1 minute to Bai Hotel, 1 minute to Singapore school, 1 minute to Cebu Doctor’s University, 5 minutes to 2 top hospitals, 6-8 minutes to seaport, 8 minutes to one mega mall and 2 top hotels and 15 minutes to the Cebu international airport as well as to Ayala Mall.
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| External view from Marina |
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| Tower view of towers on sale |
It has a Master Planned Layout of the entire project and provides for the first time in Cebu world class interior finishing and amenities like multiple pools, waterfront jogging, yacht marina, boardwalk, water features, 300 metre green park (modelled on Central Park of Manhattan, NY), reflexology, Cabana, kid's playground, sports hall, outdoor fitness area etc.
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| Various amenities in the township |
The views are of the Cebu Mactan Channel or the beautiful mountains of Cebu from almost all luxury apartments.
They have almost sold out 2 towers (water facing, handover March 2020) and 2 more towers are now on sale (handover mid to end 2021).
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| Location of Towers on Sale |
It will have one and two bedroom deluxe units, two and three bedroom suites, three bedroom penthouse and garden units with a private garden.
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| Actual Project Photo as of June 2018 |
Work is going on 24/7 that is again rare or perhaps first time in Philippines to ensure delivery ahead of schedule.
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| Actual Project Evening View with Cebu Mountains as backdrop |
World class companies like Amazon, Manulife, Accenture, JP Morgan, Convergys, Wipro, Tech Mahindra etc have chosen Cebu City and are hiring in thousands here within the last 1-2 years that keeps the demand high for high quality residences.
Investors in this project are majority from Cebu, followed by the recent interest by Chinese (since prices in Cebu are less than one fourth of mainland China), followed by Americans.
You may watch the video of this world class project rising in Cebu here:
For any further interest to invest or any enquiries, you may contact on voiceofthemarkets@ protonmail.com or on my phone number.
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