The recent rise of high-end condominiums in the Visayan region gives a new definition to condo living. Providing the perfect combination of comfort and stylistic living- prominent sugarcane farms, rice fields, heritage landmarks, and quaint morning streets provide a new scenic view together with the rural to urban transition of the capital cities. Condos’ days of being just a fad have already ended. Instead it has now become a lifestyle choice for the residents of Visayas. According to Colliers International Philippines, 2017 marked the year of condominium take ups taking a high and beating 2016 sales of 42,000 units to 52,600 units- a good sign of the thriving future of condo living in Visayas.
Condo living is the next big thing, may it be executives looking for a second home near their workplace, or a business investment in the heart of the city action, and especially millennial and young professionals. According to Lamudi, a leading international online real estate marketplace, development of condominiums is expected to soar since they comprise 37% of the views of listings from their website. Condominiums will surely provide plentiful opportunities for city center home seekers and other business ventures to prosper as well.
By 2021’s end, Cebu condominium stocks are expected to grow by 16% or an additional 2,100 units delivered per year from 2019 to 2021 (Colliers International Philippines). Known for being the commercial and industrial center of the region and for numerous businesses thriving in the city, Cebu’s skyline has surely been occupied by the high rising condominiums led by real estate developers Ayala Land’s Alveo and Sadona Parc, along with 32 Sanson by Rockwell and Avalon Condominium, and many more. The Queen City of the South has surely initiated the race for urban development in Visayas.
The City of Smiles real estate developments such as Ayala’s Capitol Center Mall, Amaia Steps Condominium, Manors Majorca, MesaVirre, have signaled the speed of growth in Bacolod. Colliers International Philippines is projecting a higher demand of condo units in Bacolod since 2018 produced a 93% increase in units taken up from 2017’s 290 units to 560 units. The firm also sees a steady annual take-up of an estimated 330 units with its affordable units amounting to P1.7 million to P3.2 million being the main factor of sales increase. The growing urban pace paired with the countryside landscape surrounding Bacolod, the City of Smiles will sure bring a new taste of condo living to its residents.
Iloilo has become the city known not only of Love and the famous La Paz batchoy, but also of immense development especially in the real estate industry. With Iloilo Business Park becoming its central business district, filled with malls and mid- rise to high-rise towers, big league companies have continued their real estate developments for the future of the city. Leading the movement forward is none other than MegaWorld Corporation with their early start of the Iloilo Business Park, Festive Walk Mall, The Palladium, and upcoming 19-storey International Corporate Plaza and its 10-storey mid-rise Saint Honore Condominiums. The fast pace of developments, newly built condominiums that are led by MegaWorld’s The Palladium and Ayala’s Avida Towers have become the foundation of condo living in the City of Love. A perfect start that assuredly gave Ilonggos a central business district that gives off the high society metro glamour paired with their very own vintage charm of historic churches, ruins and heritage spots.
Real estate development has had a huge impact in the lives of the people in Panay, Negros, and Cebu for it has catered to the influx of people into the urban cities while job opportunities and businesses continue to grow and prosper. Cebuanos, Ilonggos, and Hiligaynons alike are now enjoying the professed condo life that offers high class ambiance and premier experience that’s accompanied by neighboring malls and commercial centers within the condominium complexes and will surely continue to serve the Visayan neighborhood in the coming years.
Here are some of the best condos in Visayas:
- Mactan Newtown Beach, Cebu City
- The Upper East – Megaworld Bacolod, Bacolod City
- Avida Towers Atria – Iloilo, Iloilo City
- Mandani Bay Cebu, Cebu City
- MesaVirre Garden Residences, Bacolod City
- Ayala Avida Towers, Cebu City
- The Palladium, Iloilo City
- Park Point Residences, Cebu City
- Olvera Coho Bacolod, Bacolod City
- Grand Cenia Residences, Cebu City
- One Spatial, Iloilo City