Author Archives: Cebu Network
A restaurateur in Cebu sees real estate as more lucrative and has decided to invest on more properties instead of adding more outlets to his restaurant. Efrain Pelaez, part-ower of Cebu restaurants such as Mikado, Grand Majestic, and Café de France, told The Freeman that he is taking advantage of the real estate boom in Cebu and will be developing some of his idle properties in Mactan Island and Olanggo. "In boom times, real estate can do much better, it provides faster [investment] returns with less hassles," Pelaez told the Cebu newspaper. His company, Coral Point Development Corporation, recently launched the Coral Point Condominium at Punta Engaño. The company is also scheduled to start construction of the Gold Point Resort, a four-hectare property to be developed as a major hotel and spa facility in Santa Rosa, Olanggo Island. The real estate boom in Cebu is evident, what with the number of projects launched and completed in recent years. We here at Cebu Network are covering this booming industry and if you are a real estate developer or agent, you can contact us if you want your properties featured or you can add property listings yourself for free in our Cebu Real Estate Listing.
Think about it: beaches are less than an hour away, the cost of living is relatively cheaper than that of Manila, and businesses are booming. Cebu is the shipping hub of the country. It is also the education center for Visayas and Mindanao. Lately, officials are positioning to market Cebu as a top-notch location for business process outsourcing, off-shore developments and information and communications technology. These developments are fueling a great demand for workers in various industries. If you're still looking for that dream job in Cebu, head off to Cebu Jobs. The site lists job openings in Cebu companies. We will also be posting tips for jobseekers as well as featuring companies who are scouting for workers. We have just opened a forum where jobseekers, employees, and human resource staff can discuss work-related issues.
With the postponement of the Association of Southeast Asian Nations (Asean) summit, Cebu City hotels suddenly find themselves with low occupancy rates. Shangri-la’s Mactan Island Resort and Spa saw its occupancy drop to 12 percent last Monday, which would have been the first day of the summit, from the average occupancy rate of between 80 to 85 percent. With the summit moved to January, the resort has decided to cut prices of its rooms to attract local tourists to its luxurious Mactan Island resort. Sharon Samarista, the resorts’ director for communications, told Sun.Star Cebu that with "the low occupancy, we have to do something." The resort's reduced rates promotion ends on Dec. 21, Samarista told Sun.Star Cebu. The accommodation packages, she said, already include breakfast for two in any of Shangri-la Mactan’s six restaurants. According to the report, Shangri-la’s Mactan Island Resort and Spa is offering its garden view room at a promo price of P6,500 a night.