“While office space developments are typically concentrated in Cebu Business Park and Cebu IT Park, activity can also be seen in surrounding areas,” Santos said. Cebu’s retail and industrial sectors are also expected to grow on the back of continued entry of global players. “Global players from the industrial sector are taking advantage of Cebu’s large dedicated land area and local manpower for the expansion of their operations,” Santos said. “Despite the continued expansion of light industries, heavy industries are now being pushed to drive the market. Efforts from regional government agencies aimed at forging alliances and solidifying negotiations with investors are currently underway,” he added. Santos also said that the booming business industry in Cebu has also helped boost tourism in the area. “Sustaining the demand and supply is paramount in helping Cebu maximize its potential. Especially with the congestion of Metro Manila, Cebu is proving to be a viable option for practically all real estate segments,” he sai
Posted on: Mon, 07 Jul 2014 14:37:59 +0000
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