Cebu’s vibrant new spot for investors and retirees

CEBU, Philippines - Celebrated as one of the best island destinations in the world, Cebu is equally known for having one of Asia’s fastest growing economies, with the real estate industry as its fastest growing sector. It is home to  Lapu-Lapu City, a first-class municipality in Mactan, an island renowned for its rich history, first-class resorts, and white sand beaches — features that make the region a sought-after destination for vacationers, families, and retirees from all over the world.

This is reflected in the Philippines’ being recently cited as the 15th out of 22 of the “World’s Top Retirement Havens in 2013” by International Living, the world’s leading publication on living, retiring, and investing overseas. The report accounted for the quality, discounts, and other perks related to eight standards that are found to be crucial to retirees including Real Estate, Retirement Benefits, Ease of Integration, Entertainment and Amenities, Health Care, Retirement Infrastructure, and Climate.

This upswing is suitably matched in Cebu, where the property market is seen to be continually stimulated by strong and sustained residential and infrastructure developments. Cebu enjoys high investors’ confidence level — an upturn that Cebu-based developer Taft Property Venture Development Corporation (TPVDC) banks on in its latest project, Soltana Nature Residences.

Soltana is Taft’s second vertical development in Cebu, and its first venture into mid-rise development. It is set to rise in Lapu-Lapu City, amid a neighborhood famed for premium resorts and top-grade vacation destinations. Envisioned to become a resort-like community, Soltana takes inspiration from nature in creating an environment that fuses the comfort and convenience of metropolitan living with the energy and enthusiasm that a verdant natural environment radiates. Its natural landscaping will include a 5,000-sq.m. Orchard Forest that will form part of Soltana’s 65% total area to be dedicated to open space.

Soltana is intended to exude vibrance, fun, and happiness; and was designed with Lapu-Lapu City’s warm climate in mind. As a promising business venture for investors, the commencement of the construction of its first tower this September is expected to further bolster Cebu’s robust economy, with infrastructure investment sustaining the growth trajectory. This is alongside the steady growth of income generated by Cebu’s furniture making, tourism, business processing services, and heavy industry.

Through relevant and sustainable design, location ideals, value sensibilities, and the company’s expertise and more than 100 years of consolidated background in the industry, Soltana Nature Residences distinguishes itself from the sea of other residential developments in Cebu. With the intention of elevating the quality of living of its future residents and the business experience of its investors, it sets an inspiring example in the local residential development industry by providing the good quality of life that has become increasingly expensive and difficult to come by in other places; making it a rosy new setting for investors, retirees, or young families from all over the world. (FREEMAN)