Cebu’s development has been steadily continuing since the late 1990s and early 2000s, and has shown no sign of slowing down. From the industries found in Mandaue City and other neighboring cities in the North, progress has always been evident in the province. With the completion of the South Road Properties in the first half of the first decade of the New Millenium, Cebu’s growth has continued to soar.
The South Road Properties — or SRP as it is fondly called by the locals — is a hub of projects and developments that will provide quality housing and jobs for the province, as well as a source of revenues for the local government. It represents a good venue for foreign investment, as the SRP has been designated as a Special Economic Zone.
SM Seaside City Cebu
Expected to be opened to the public in 2015, the SM Seaside City is not your regular shopping mall. Touted by Han Sy, president of SM Prime Holdings, as a destination mall, SM Seaside City is a sprawling complex designed by none other than the same company that created the SM Mall of Asia in Manila. One of the complex’s attractions is a Viewing Tower that will let visitors take in the sights around SRP, including the picturesque waters surrounding the SRP.
Citta di Mare
The Citta di Mare is the home of the Amalfi Oasis, a real estate project co-developed by the government of Cebu with real estate conglomerate Filinvest Land Inc. It is a “resort town” complex of five-story buildings housing premium condominium units and resort-style facilities spanning 40 hectares. Aside from the Amalfi Oasis resort, the Citta di Mare complex also includes a waterfront property!
When it is completed, the Citta di Mare will join the Mactan Newtown One Manchester Place as a residential project found within a Special Economic Zone in Cebu.
Keeping up with its goal of making the SRP a self-sustaining mini-city, the local government unit of Cebu City has donated five hectares to the University of the Philippines. In return, the university will establish facilities to provide evening classes for call center training. This is to prepare a pool of skilled individuals to staff the future BPO and outsourcing companies that will be taking a foothold in the Properties.
Bigfoot Entertainment Inc.
The Bigfoot complex in the SRP represents the very first international filming studio that can be found in the Philippines. The project has just finished the Phase 1 of its development. Future developments include a Hollywood-style destination, complete with spas, cafes, and restaurants as well as shopping boutiques! In other words, one can experience the spirit of Hollywood even if he or she is in Cebu once the project is finished!
Of course, the abovementioned places are only a few of the attractions that make investing in a property here in Cebu worth the while! If you are looking for a place to experience resort lifestyle for the rest of your life while still keeping close to what Cebu has to offer, an investment in the South Road Properties is definitely a good decision.