Chamber of Real Estate & Builders’ Associations, Inc.

"A Home for every Filipino"

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"Long-term and affordable funds for socialized and economic housing"
A PROPOSED BILL AMENDING REPUBLIC ACT 7835 OR THE COMPREHENSIVE AND INTEGRATED SHELTER FINANCE ACT (CISFA) OF 1994
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"Affordable homes for employees in urban areas"
PASSED AS R.A. 10084 OF 2016
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"Lands for Human Setlements, Agriculture and the Environment"
A Porposed bill institutting a National Land Used Policy.
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"Efficient local government housing regulations"
A proposed bill amending related provisions of Republic Act 7160 or the Local Govenrment Act of 1991
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"A proposed bill creating the "Department of Housing and Urban Development (DUHD)"
PASSED AS R.A. 11201 OF 2019
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Cebu property sector posts upbeat sales amid pandemic



BY: CREBA, Inc.
August 15, 2020

POSTED IN: Local Industry Snapshots
By: Ehda M. Dagooc

The Freeman | August 14, 2020

CEBU, Philippines — The proactive stance of Cebu-based developers, in crafting attractive offers on properties, made Cebu the most resilient market for residential products amid the COVID-19 induced slowdown.



Janlo de los Reyes, an expert at American commercial real estate services firm Jones Lang LaSalle Incorporated (JLL), said among other property markets in the Philippines, Cebu soared high in terms of sustained sales during the COVID-19 season.



In an online market overview held Wednesday, August 12, 2020, De Los Reyes said while Metro Manila and Davao suffered sales decline in sales of real estate products, Cebu registered uptick in sales performance.



Based on their assessment, Cebu’s encouraging story is influenced by developers’ attractive offering, such as generous flexible payment terms, and discounts.



He said real estate performance in general suffered a profound decline across the country, however Cebu maintained sustained position.



JLL’s market overview, assured that while the market is taking a downward spiral, there are pockets of bright spots moving forward, such as the government’s continuous spending on infrastructure, among other promising indicators.



However, delayed completion of projects in both commercial and residential segments could affect the delivery of units in the next few months or even up to next year, depending on the development of home quarantine rules.