Cebu City—and the whole province of Cebu, perhaps—is known for many things: world-class and export-grade furniture, impossibly sweet mangoes, topnotch dive sites, colorful festivals, and nature attractions. But the one thing that is Cebu City is probably not popular for is condo properties. However, the city quickly catching up, especially over the last few years.
In fact, Cebu City now boasts a residential real estate market that rivals that of Makati, Quezon City, or Taguig, with mixed-use developments sprouting all over the city. One example is Ayala Land’s Cebu Business Park, the city’s very first central business district which is now teeming with a high-rise office towers, upscale condos, and shopping complexes. Among the well-known condo projects in Cebu Business Park include 1016 Residences, The Alcoves, Sedona Parc, Parkpoint Residences, and Solinea. A typical one-bedroom, 42-sqm fully furnished condo in this part of Cebu City has a monthly rental rate of Php30,000.
Another exciting Cebu City area for condos for rent is Cebu IT Park—another Ayala Land project, which is focused on the IT and BPO sector. Among the condo projects here include Avida Towers Riala and Avida Towers Cebu. A quick look at MyProperty shows that a typical one-bedroom, 36-sqm condo for rent in Avida Towers Cebu has a monthly rental rate of Php30,000.
Aside from these two mixed-use areas, Cebu City also boasts a number of standalone condo projects scattered all around the city’s highly urbanized areas. One example is Calyx Center, where a 26-sqm studio can be rented for Php33,000 per month; LaGuardia Flats in Barangay Lahug, where a 22-sqm studio apartment can be rented for just Php14,000 per month; and Ramos Tower, where a 42-sqm one-bedroom fully furnished condo apartment is listed for rent for Php28,000 per month.
Cebu City is one of the most highly sought after residential options in the Philippines. Its population is rapidly growing, while its services industry, particular the IT and BPO sectors, are developing. It is not surprising that many people from neighboring cities and municipalities are considering the possibility of residing either temporarily or permanently in Cebu City. For those who just found themselves employed in the city, renting a condo is perhaps the best option. Not only are condos in Cebu City conveniently located, they also offer topnotch amenities that can rival even the best properties that Metro Manila can offer. These properties are also within a short walking distance of some of the city’s best commercial areas, including Ayala Center Cebu, SM City Cebu, and Robinsons Galleria Cebu, but sans the high price tag that Makati or Taguig condos are known for.