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Freeman Cebu Business

Bohol now a destination of interest for developers

Ehda M. Dagooc - The Freeman

CEBU, Philippines —  More property developers are now eyeing Bohol as a destination of interest following the robust infrastructure activities on the island province.

Colliers Philippines Associate Director for Advisory Services Karla Domingo said

Bohol is one of the budding places for developments, especially for tourism.

“There are a few condominium projects already in the province, as well as subdivisions (by major developers). Commercial is also limited to local developers. The new airport and the proposed bridge will highly increase its attractiveness to others as it will be more accessible,” said Domingo.

The island of Panglao and the adjacent islands like Pamilacan and Balicasag are already popular among Europeans because of the diving spots and dolphin watching, explained Domingo.

 “There’s also a daily flight coming from Korea already, (and a lot of Korean restos and spas already in place), so expect tourism to further increase,” she added.

In a separate interview with Solea Coast Resort Bohol general manager Christopher Gothong, he said the company is preparing for its expansion plan in Bohol, following the success of its first property in Panglao Island, the Solea Coast Resort, which officially launched last July 30, 2022.

The Cebuano-owned Solea Hotels and Resorts is set to build two more resorts in different locations in the island province, in the municipality of Anda and barangay Libaong, Panglao.

Likewise, AppleOne Group announced its entry to Bohol with the development of a six-hectare low density resort in Panglao Island.

AppleOne Properties Inc. (API) chief executive officer (CEO) Ray Go Manigsaca made this pronouncement following the successful soft launching of its five-star resort development Sheraton Cebu Mactan Resort.

At present, the company is finalizing the masterplan of the Bohol resort, said Manigsaca, whose group of companies includes not just hotel and resorts, residential condominiums, but also a chain of hospitals, and construction related companies, among others.

Reportedly, retail giants like SM Group and Robinsons malls announced to set up shopping malls in Bohol’s capital, Tagbilaran City.  Puregold on the other hand is positioning their groceries in the province’s major municipalities.

TOURISM

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