Cebu City Real Estate Set to Rise with Government Infrastructure Push
By: Velorine
CEBU CITY — The Philippine government’s commitment to infrastructure development and economic growth is seen as a positive factor for the real estate and property market in the country that is expected to continue growing at a projected 5-15 percent increase in property prices by 2025.
Joey Roi Bondoc, research director of Colliers Philippines said that growth opportunities outside Metro Manila are fueled by the positive impact of infrastructure projects on property values, citing the expansion of Cebu International Airport and the construction of the Metro Manila subway.
“Infrastructure projects, such as the expansion of Cebu International Airport and the construction of the Metro Manila subway, are expected to drive property prices up,” Bondoc added during the ASCEND! Real Estate Business Summit and Sales Kick-Off 2025 hosted by the Real Land Asia Realty & Development Corporation on January 14 at the Waterfront Cebu City Hotels & Casino.
Bondoc said that the Philippine government plans to allocate 5-6 percent of the national budget to infrastructure projects from 2025 to 2028, ensuring continued development. Infrastructure projects in Mindanao, Visayas, and Luzon are progressing, influencing the development strategies of property firms.
According to Bondoc, foreign hospitality brands are entering the market with projects in Southern Mindanao already sold out, indicating strong demand. Remittances from Filipinos working abroad have reached $37 billion and the Philippine Central Bank has reduced interest rates by 75 basis points, making mortgage rates lower and more affordable for entrepreneurs and residential buyers.
Bondoc stresses the importance of aligning infrastructure spending with other countries to attract foreign investors. Major infrastructure projects, such as the Cebu Bus Rapid Transit and the Metro Manila subway, are expected to be completed by 2025 and 2028, respectively, and these affect property value.
The Philippine property market continues to expand, driven by infrastructure projects, a young workforce, and a growing middle-income population. The call to action is to encourage everyone to participate and invest in the Philippine property market, highlighting the numerous opportunities and growth potential.
