Cebu Real Estate Information

Comprehensive information for empowerment of property buyers, sellers, and salespersons


Cebu Properties


CEBU CITY HOUSE AND LOT 

88 Summer Breeze

Acacia Drive

Courtyards of Pasadena

Michael James

Murano 4BR Riverdale

Sapphire 3BR Riverdale

Emerald 4BR Riverdale

Riverdale Subdivision

Ruby 4.5BR Riverdale

Gavina 5BR Riverdale

Fatima 5BR Riverfront

Elaisa  5BR Riverfront

Drina   4BR Riverfront

Carmela 3BR Riverfront

Greenwoods Executive Village

Marga  2BR Riverfront

North Belleza Talamban
  

CEBU NORTH HOUSE & LOT

88 Hillside Mandaue City

Aduna Beach Villas

Amoa Subdivision

Anami Homes Jugan

Aspen Heights  (Lot only)

Aspen Heights Fiona H&L rfo

Aspen Heights Aurora H&L rfo

Casa Cerro Compostela

Casili Residences

Crown Heights (Lot only)

El Montegrande 200 sqm Lot

El Monteverde de Cebu

Elizabeth View Homes

Garden Bloom Villas

Greenville Heights

Lunah 2-storey 4BR

Mandaue Lot 7,825 sqm

Northfield Residences

Redwood Subdivision

Richwood Homes

Summerhills (Lot only sale)

The Heritage (Lot only)

Villa Melissa Liloan

Virtacci Hills

Vista Verde Residential Estates

Yanessa Country Homes   


MACTAN HOUSE & LOT

Acasys Homes

Astele

Bali Residences

Blessed Sacrament

City Homes Mactan

CKL Homes

Collinwood Subdivision

Discovery Bay Resort

La Aldea del Mar

Pacific Grande 2

Park Place Twin Homes

Solare

Summerville Cordova

Sunberry Homes

Teakwood Subdivision

Villas Magallanes (Lot only)


CEBU SOUTH HOUSE & LOT  

88 Brookside Talisay SRP

4BR H&L overlooking sea

Baywalk Talisay

Beachfront house Talisay

City Homes Minglanilla

Malibu Residence

San Fernando 2.5 hec

South Covina

The Villagio

Velmiro Heights

Villa Donna Talisay

Vista Grande Overlooking  

 

 CONDOMINIUMS

Amisa Condo

Apple One Banawa

Arterra Residences 

Atelier Residences

Avalon Condo Ayala

Avida Towers

Azalea Place

Bamboo Bay

Bayanihan Flats

Bloq Residences Mandaue

Diamond Suites & Res

Eagles Nest

Grand Residences

La Mirada

Marco Polo Residences

Myvan Cityscape

Myvan Cityscape 2

Myvan Grand Tower

One Oasiis

Pacific Grande condo

Penthouse Woodcrest

Saekyung Village One

The Trillium Residences

Vertu Residences

Woodcrest 2BR condo rfo

 

RAW LAND FOR SALE 

Casili Mandaue 7,825 sqm

SanFernando 2.5 hec. cheap

 

HOUSES & APARTMENT

2BR apartment for rent in Mandaue

1BR condo for rent in Mandaue 15K 

2BR condo rent in Mandaue 28

IT Park Lahug 1BR condo

Metropolis 4BR house for rent 35K 

Dona Rita Cebu City house rent 7BR

Want to earn extra income?

 



Are you investing in Real Estate or Spending?

 

Your probable answer might be…  investing when it comes to Real Estate purchase whether it is land or improvement thereon.  However, in my experience as Real Estate Broker for over seven years,  I realized that there are people who are actually spending in Real Estate rather than investing . How is this? It is because something is wrong with their decision making. In most cases, they build homes that suit their specific  desires to a point that it may be very difficult for them to sell it at the right price in the future.

 A good example is a client of mine who lives in the province of Dalaguete, about 80 kilometers from the City of Cebu. He is a foreigner who sought my help to sell his house and lot because he wanted his investment back after serious trouble with her Filipina wife who is a native of the place.  He said he invested  15 million pesos  for the house alone and so he wants to sell it for 17 million including the 1,000 square meter lot and  all furnishings.  Years rolled by and no one appeared interested.  When the waiting reached the point of impatience, he dropped the price a million after another until he was willing to let it go for 10 million pesos including the land and all furnishings. He said that he had amicable settlement with his wife to split the proceeds 50/50 and by then, he will go back to his homeland .  I was informed that the property was sold but I did not care to ask how much. Most probably it was below 10 Million pesos after some negotiations.  The foreigner actually lost about 7 million excluding  all furnishings.

  The loss is attributed to his failure to consider the fundamentals of real estate. More specifically, the foreigner erred in two major principles of Real Estate as follows:

   1. Principle of conformity. The idea that a house will more likely appreciate in value if its size, age, condition and style are similar to, or conform to, other houses in the neighborhood.

The province of Dalaguete is very far off the city of Cebu and the neighboring houses in the area are dominated by small houses. Deciding to build a house worth 15 million will no longer become an investment as it is extremely difficult to find somebody willing to buy it at a higher price in the future, or even at the same price “no profit, no loss”

 

   2. Principle of regression states that a property of higher quality in a neighborhood of properties of lower quality seeks the value level of the properties of lower quality.

 

Therefore no matter how beautiful is the house and no matter how it is made of very high quality materials, it will still seek the lower quality values of the neighborhood. These are the two fundamentals of real estate that the foreigner failed to consider. It is obvious that the foreigner in this case, only thinks about what he likes and poured all his hard earned savings into what he wants his house to be. So, he was not investing in real estate, rather he was spending and eventually lost a huge amount.

This serves as a lesson to all prospect buyers / investors of properties: DON’T BUILD JUST BECAUSE YOU LIKE IT, YOU BUILD BECAUSE YOU LIKE IT AND IN A WAY OTHERS  WILL LIKE IT TOO AND WILLING TO BUY IT MUCH HIGHER SOON.

 

More specifically, in building your home, you may want a big kitchen, or a big balcony, or a huge garden or a very spacious backyard ; just be aware that this has impact on the total cost, and so if you are not on the high-end residential development,  perhaps you might settle for the average size so you can easily sell the house in the future.

In short, have the RIGHT BALANCE. Even if at the point of building, you have no plans of selling, who knows that you want to dispose of it someday like upgrading to a better one or downgrading because the children have grown up to form their own families.

 And don’t forget to consider the principles of real estate. If you are not familiar with these principles, consult a Real Estate Practitioner.

                                                     

Author: Engr. Manuel Jr Arengo 

Engr. & Real Estate Broker License No. 0007808

Sun:      +63922-255-6555