A consortium of 5 major Filipino businesses have joined forces to develop 38 Park Avenue Cebu, A tall order not only because it will be the tallest building in Cebu but the shear scale of the undertaking is immense. In order to satisfy other stakeholder they are pre-selling 100 units before the building work begins which should see about half a billion pesos worth of sales.
It looks to be a 4 year building project for phase one which is the residential tower, which is 38 floors of accommodation with a sky garden on the roof making it 40 floors in total.
You might wonder why you would want to invest in Cebu? Its easy, It’s a great location to get to having an international airport 5 miles from the city centre on the island of Mactan. Cebu is a thriving city benefitting from 12 million tourists flying in every year. The international airport is now planned to be renewed to cope with the additional demand. Mactan has many beach resorts only 200 pesos taxi drive from the centre of Cebu and when the new bridge linking Bohol and Cebu is completes driving to the best beach area of Alona beach will be achieved on a matter of minutes.
Business is thriving and Mango Square the city’s night life are really does have something for everyone whilst SM Seaside is the largest SM shopping Mall in the Philippines provides the ultimate in shopping experiences