Philippines Outsourcing Industry Has Made It To The Top City To Watch This Year? Online real estate portal Lamudi Philippines ranked Cebu City as the top destination in the country to watch out for in 2017.
In its latest ranking report, Lamudi listed Cebu City as number one among 10 cities to watch out for this year.
Other cities in the top 10 list include, Las Piñas, Iloilo, Cagayan de Oro, Bacolod, Lapu-Lapu, Mandaue, Dasmariñas, General Trias in Calabarzon, and Davao.
With sustained progress in the real estate industry backed by an overall economy that various financial institutions predict to grow between 6 to almost 7 percent in 2017, many places in the Philippines are becoming increasingly ideal to live and/or invest in, and these cities are Lamudi’s top 10 destination.
“Whichever reason to move: a fresh start, exploring new career and business opportunities, or a growing a family, ten of these places in the country, compiled by stand out, and are worth your consideration for this year, and even beyond,” the report said.
Cebu City’s ranking as seventh by strategic advisory firm Tholons among the best outsourcing destinations in the world due to the quality of workforce and tertiary education; relatively cheaper business cost; infrastructure network; and quality of life, are the selling points that made the City as the top destination to watch for.
It also counted on Cebu City’s rank as the sixth most competitive based on the National Competitiveness Council’s (NCC) survey, which measures local government units desirability based on economic dynamism, government efficiency, and infrastructure, as another strong contributing factor to make it as number one City destination.
Cebu City’s property listings on Lamudi for 2016 averaged 2,900 per month, only behind Makati (5,680), Quezon City (5,560), and Taguig (3,400).
Upcoming real estate projects likes Solinea and Gatewalk Central (both by Ayala Land) and Cebu Exchange (Arthaland) are likely to boost inventory in the future.
The city, according to Lamudi, is a popular alternative to costlier Cebu City. In 2016, two-bedroom houses for sale in Lapu-Lapu City listed on Lamudi averaged P2.295 million. Mandaue City, on the other hand, was hailed as an ideal location for home-seekers who want to invest in a home near the Visayas capital. Echoing the sentiment of Colliers, Lamudi expects condominiums in the affordable segment to rise in Mandaue City.
Lamudi described Mandaue City as “no better alternative for accommodations and real estate to Cebu City.” Other cities recognized were Las Piñas, which ranked second, Iloilo City in the third spot, Cagayan de Oro in the fourth place, Bacolod City placing fifth, Dasmariñas in the eighth spot, General Trias, and Davao City in the ninth and tenth place, respectively.
Lamudi is a global property portal focused on emerging markets offering sellers, buyers, landlords and renters a platform to find or list properties online. It is available in selected countries in Latin America, Asia, and the Middle East.