News

At least 30% of new property developments in Cebu in 2024 included eco-friendly features

In 2024, over 30% of new property developments in Cebu featured eco-friendly elements. Take Vitale Suites, for example. This project was BERDE-certified, a mark of excellence in sustainability and green building. By using eco-friendly materials and designs, it set a high standard for environmental responsibility in the region. Then there's Mantawi Residences, which made history...

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At least 70% of residential properties in Cebu are bought with housing loans

In Cebu, over 70% of residential properties are bought using housing loans. This trend is driven by the growing demand for housing as Cebu's population continues to rise. With more people moving to the city, the need for new homes is increasing, pushing many to seek financial help through loans. Single-detached houses and condominiums are popular choices, but they often co...

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A two-bedroom condo in Cebu IT Park rents for PHP 50,000 to PHP 70,000 monthly

The rental market in Cebu IT Park is buzzing with options for two-bedroom condos. At Avida Towers, you can snag a two-bedroom unit for PHP 42,000 per month, which is on the lower end of the spectrum. This suggests that some condos in the area are available for around PHP 40,000 to PHP 50,000, making it a more affordable choice for renters. Meanwhile, over at Calyx Residences in the...

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A three-bedroom house in Cebu’s suburbs costs PHP 8-12 million on average

Cebu's real estate market is on the rise, with property prices climbing steadily. Thanks to improved infrastructure and a booming business scene, Cebu is becoming a hotspot for property buyers. The city's growing tourism industry is also playing a big role, driving up demand for housing. This means that if you're considering buying a property here, you're not alone—ma...

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Pag-IBIG Fund released P77.33B in home loans for August 2024

Pag-IBIG Fund disbursed P77.33 billion in home loans from January to August this year, reflecting an increase of P383 million compared to the P76.94 billion released during the same period last year. This achievement marks the highest home loan release for the January to August period in the Fund’s history, surpassing same period figures from previous years and underscoring Pag-IBIG Fund&...

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Pag-IBIG Fund’s assets breached P 1 trillion

Pag-IBIG Fund reached new heights as the agency breached the P1-trillion mark in Total Net Assets in August 2024, reflecting a 14% growth versus September last year. The growth is largely driven by higher net revenues, increased member savings, and strategic management of its investment portfolios, top officials announced. “We have just celebrated the National Shelter Month and we are pro...

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