2000 hectares at 67.4 chinese yuan/sq m or 500 philippine peso/square meter
Cebu remains as a major fulcrum for industrial operations outside of Luzon.
According to Colliers International, the demand for industrial space and facilities should be sustained by the continued dynamism of Cebu’s export sector.
Cebu’s export sector is seen to be highly driven by the economic recovery of the Philippines’ top trading partner, the United States;implementation of trade deals with neighboring ASEAN economies and the Eurozone; as well as sustained manufacturing investments from Japan and China.
In Mactan, Cebu particularly, Cebu Light Industrial Park, Mactan Economic Zones 1 and 2 are the three industrial economic zones currently operating in the area. Colliers said, the Philippines continues to attract more foreign and local investments with manufacturing being among the major recipients of fresh equity investments.
This positive trend is attributed to continued investor interest on the back of sound macroeconomic fundamentals.
Furthermore, Pinnacle Real Estate Consulting Services said Metro Cebu’s industrial market is very healthy, in fact, the industrial zones in the metropolitan were filled up more than four years ago, well ahead of their counterparts in Luzon.
The above premises calls for greater need for expansion and development of more industrial parks in the Island of Cebu.
The Municipality of Medellin in Northern Cebu is now being eyed to be the next and so far the largest industrial zone in the Visayas.
With its huge tracts of land and overwhelmingly flat land terrain adjacent to the wide seas, it is undoubtedly the best choice for investors to build modern day industrial parks.
With the Cebu Provincial Government’s plans of building a new airport in northern Cebu oarticularly in Medellin area, and reactivating the ones in Camotes and Bantayan islands are among, these surely are an added attraction for investors to jump in and start developing the site.
Interested in developing huts 2000 hectares expandable e to 5000 hectares land in Medellin Cebu? Send us a private message or contact 09457009805 for further assistance on how you can get to Cebu’s next industrial hub!