As the real estate sector continues to regain momentum, the province of Cebu is seen to reap the benefits as many investors continue to look at the area with much confidence and certitude.
With diversified projects to offer potential investors and end-users alike, Cebu is in a good position to capture and serve the needs of the postpandemic market. Currently, projects of varying scale and concept are being developed by national players and homegrown developers.
“Cebu has always been an investment hotspot. It continues to attract both local and foreign companies from different industries including real estate, which has remained resilient despite the persisting challenges of the pandemic over the last two years. In fact, demand for high-quality residential developments, whether vertical or horizontal, remains strong in this dynamic province,” said Sta. Lucia Land president Exequiel Robles.
Strong demand
Demand for condominium units, for example, remained strong in Cebu as take-up reached 2,767 units in the first half of the year, up 67 percent from the same period in 2021. This was, Colliers said, nearly four times higher than the combined horizontal (house-and-lot, and lot-only) take-up of 684 units during the said period.
Colliers believes that condominium demand, especially in the Cebu-Mandaue corridor, will be partly sustained by buyers and investors who plan to lease their units to employees in Cebu’s major business districts.
“We believe that this strong market demand will be sustained in the coming years. We have long established our presence in Cebu and we have always been satisfied with the take-up. We value this market and its potential, and as such, we continue to build new projects that would meet the discerning taste and preferences of Cebuanos. And 128 Nivel Hills is shaping up to be a masterplanned complex that is poised to become a coveted address in Cebu City—a crown jewel of a home,” Robles explained.
Vibrant addition
128 Nivel Hills is a two-tower masterplanned project rising on prime property in the vibrant Lahug district that overlooks the city’s skyscrapers on its east side and faces Mt. Busay to its west. The project is being developed jointly by trusted developer Sta. Lucia Land Inc. and Diamond Hiland, a joint venture between Carlos Yeung’s MSY Holdings Corp. and Philippe Lhuillier’s PJL Leisure Inc.
“Once completed, 128 Nivel Hills will be an astounding addition to Cebu’s magnificent skyline. This is an exciting time for the market to invest and put their hard-earned money into a property that will definitely be the Queen City’s next crown jewel,” said Sta. Lucia Marketing president and CEO Liezel Tuason-Magpoc.
Cosmopolitan lifestyle
A cosmopolitan lifestyle awaits residents and guests of 128 Nivel Hills, whose premium location provides access to a milieu of experiences unique to Cebu—whether you want modern, luxurious creature comforts, or a more laidback lifestyle feel of the countryside.
Well-appointed spaces come in different configurations ranging from studio to four-bedroom cuts. The 36-story Tower 1 has 210 fully-furnished condotel units and 366 move-in ready residential units while Tower 2 will be fully residential with 613 units. Turnover is scheduled between late 2026 and early 2027.
All these dwellings will have access to five-star amenities on the podium connecting the two towers. At the pool complex there, with a lap pool and deck, families can picnic during the weekends. Beside it are a fitness gym and a spa. You can just let loose at the game room. Read a book or do some silent introspection at the lounge, library or pantry. Take your workmates out of the office for important meetings and convene at the condotel’s coffee shop. For bigger events, look no further than the Function Room on Tower 2.
If you decide on a condotel unit, expect a hassle free way to earn on the side. That’s because 128 Nivel Hills’ stellar property management team will maintain, market and lease out your unit for you, thus ensuring stable returns over the long term. You also get 30 free room nights annually, and not only at 128 Nivel Hills but at other Sta. Lucia condotels nationwide.