\nJose Soberano III of Cebu Landmasters Inc will impart his local market knowledge at the high-level conference in Makati<\/p>\n
As we countdown to the Property Report Congress Philippines 2016, we\u2019ll get to know the respected market leaders who will speak at the conference on 7 April at the Fairmont Makati
Jose Soberano III of Cebu Landmasters Inc will impart his local market knowledge at the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-9888","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2zu","jetpack-related-posts":[{"id":108749,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2019-philippines-property-awards-winners\/","url_meta":{"origin":9888,"position":0},"title":"2019 Philippines Property Awards Winners","date":"July 5, 2019","format":false,"excerpt":"\r The Philippines\u2019 finest developers from Luzon, Visayas and Mindanao have been accorded the real estate industry\u2019s highest honours at the 7th Annual PropertyGuru Philippines Property Awards, presented by global brand Kohler at an exclusive gala dinner and ceremony on Friday, 5 July 2019, at the Fairmont Makati hotel. Cebu\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10216,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/megaworld-and-sm-group-win-big-at-philippines-property-awards-2016\/","url_meta":{"origin":9888,"position":1},"title":"Megaworld and SM Group win big at Philippines Property Awards 2016","date":"April 8, 2016","format":false,"excerpt":"\r The four-year-old event welcomed a record-breaking 200-plus entries from around the archipelago this year The Winners and Highly Commended of the 4th Philippines Property Awards 2016 Megaworld Corporation took home its first-ever Best Developer award as well as three more gongs and 13 Highly Commended honours at the fourth\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24505,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cebu-kick-off-party-for-the-philippines-biggest-real-estate-event\/","url_meta":{"origin":9888,"position":2},"title":"Cebu kick-off party for the Philippines\u2019 biggest real estate event","date":"August 31, 2016","format":false,"excerpt":"\r Philippines Property Awards 2017 launch party; 1 September 2016 Image credit: BeyondCebu.com The quest for the best property developments in the\u00a0country, the Philippines Property Awards, celebrates a landmark fifth year. To kick off the\u00a0event, organiser PropertyGuru Group will hold\u00a0with an exclusive party on Thursday, 1 September 2016,\u00a0n Cebu City\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24491,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5th-philippines-property-awards-2017-launched-introduces-new-categories\/","url_meta":{"origin":9888,"position":3},"title":"5th Philippines Property Awards 2017 launched, introduces new categories","date":"August 31, 2016","format":false,"excerpt":"\r Nominations sought for categories including Best Mixed-Use Development and Best BPO Office Development The countdown has begun for the annual Philippines Property Awards, the biggest real estate awards programme in the country and an acclaimed international event organised by PropertyGuru Group, Asia\u2019s leading online property group. Celebrating its landmark\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10202,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philippines-property-awards-2016-the-winners-list\/","url_meta":{"origin":9888,"position":4},"title":"Philippines Property Awards 2016: The Winners list","date":"April 8, 2016","format":false,"excerpt":"\r The 4th annual Philippines Property Awards gala was held at the prestigious Fairmont Makati Megaworld Corporation won four big awards including Best Developer (Philippines)\u00a0at the\u00a0Philippines Property Awards 2016 annual gala dinner held on Thursday evening, 7 April at the Fairmont Makati.\u00a0The Dr Andrew L Tan-led company also collected 13\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10148,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-to-expect-from-tonights-philippines-property-awards-2016-gala\/","url_meta":{"origin":9888,"position":5},"title":"What to expect from tonight\u2019s Philippines Property Awards 2016 gala","date":"April 7, 2016","format":false,"excerpt":"\r The country\u2019s biggest industry awards programme is back for a fourth consecutive year The Net Group\u2019s Ramon Rufino accepts the Property Report Real Estate Personality of the Year honour at the Philippines Property Awards 2015 An annual event that caters to more than 250 C-level executives and top real\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9888"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=9888"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9888\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=9888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=9888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=9888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nProperty Report recently spoke with Jose Soberano III, chairman and president of developer Cebu Landmasters Inc (CLI), about the country\u2019s emerging and secondary markets outside Metro Manila that will become one of the break-out sessions at the first Property Report Congress Philippines.
\nA graduate of the Advance Management Development Programme in Real Estate at Harvard University Graduate School of Design, Soberano established CLI in 2003 to focus on developing integrated communities for the middle and affordable segments in Visayas and Mindanao. Aside from residential projects, the company has also ventured into commercial, office, hospitality and industrial park developments.
\nHere\u2019s the rest of our conversation with Soberano, who was also a former president of the Chamber of Real Estate Builders Association \u2013 Cebu Chapter (CREBA).
\nSecondary cities outside Metro Manila are getting investors\u2019 attention lately. What is the main reason behind this development?
\nCities like Cebu are offering an increasingly attractive value-for-money proposition. For example, a luxury\/prime condo in Cebu can still be bought at PHP120,000 (USD2,605) per sqm while similar properties in a Manila will already be selling at more than PHP200,000 (USD4,342) per sqm. For investors, the return on investment can definitely be better. Of course, this return on investment can only be realised if there is a demand to support it.
\nWhat\u2019s driving property growth in cities like Cebu, Iloilo and Davao?
\nIn Cebu, the condo market is supported by the increase of the expat population, tourist arrivals and growth of the BPO (business process outsourcing) sector. The rise in the number of students and jobseekers from neighboring cities and municipalities from the Visayas and Mindanao also boost the demand. Low cost of living is also another positive draw, as well as the cost of travel\/traffic is still very comfortable here when compared to Manila.
\nCebu, Iloilo and Davao cities are becoming \u201cregional centers\u201d that are both drawing new labor-generating businesses (e.g. BPOs) and drawing neighboring talents as well to sustain this rosy job and consumer market. With growing businesses and increasing population, the real estate requirements increases in residential, commercial, hospitality, retail and infrastructure, and that\u2019s a good thing.
\nHow do you see these secondary cities performing in the next five years?
\nAs long as these cities are sufficiently accompanied by immediate public infrastructure improvements, then the secondary cities have an incredible opportunity to grow much more. We expect BPO growth to continue as several locators are realising the value-for-money advantages in secondary cities, aided by the quality talent also from our local universities.
\nThere is also an opportunity to aggressively address the housing backlog, especially in the economic segment where the bulk of the backlog lies. Hospitality sector will benefit from the ongoing and planned airport expansions, and the increasing direct international flights to\/from these secondary cities.
\n\u2014
\nAside from Soberano\u2019s panel, Property Report Congress\u00a0will\u00a0feature sponsors exhibits, plenary sessions, industry overview and outlook, international networking session and lunch, keynote addresses, and a 30-minute intensive workshop.
\nIt\u00a0will be immediately followed by the Philippines Property Awards 2016 gala dinner and awards ceremony.
\nInterested parties can register and purchase tickets here to join the Property Report Congress. Special bundle packages for the Congress and the Gala Dinner are available.
\nFor enquiries and partnership opportunities, visit the website AsiaPropertyAwards.com\/Congress\/ or contact the conference director at Amy@propertyguruinternational.com.
\n
\nSource : property-report.com
\nRead more…Cebu expert to discuss emerging markets at Property Report Congress<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"