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Cebu City – A City of Opportunity
Cebu City has long been favored by those wishing to try their luck. It
is one of the Philippines' wealthiest cities, thanks to its history as
a bustling seaport. Nowadays, it is home to new industries centered
around IT and BPO, who wish to make the most out of the city's
well-educated, English-speaking population.
Cebu's Boom Town
The city of Cebu has become one of the preferred destinations for
offshoring and outsourcing. This is because of its large proportion of
young people proficient in different languages, as well as the
top-notch infrastructure that has set the city apart from most other
cities in the south.
Universities such as the University of San Carlos, the University of
the Visayas, Southwestern University, and U.P. Cebu all send graduates
to the many IT and outsourcing companies that have set up sites in the
city's business and IT parks. Many people from other parts of the
country are now long-term Cebu City residents because of the
competitive wages and the opportunities for recreation that abound in
the area. Mactan, a well-known resort island, is a few minutes' drive
away. The island of Cebu itself has been named one of the world's top
islands because of the excellent diving and snorkeling that can be
experienced there.
All of these industries – IT, BPO, and tourism – have contributed to
Cebu City's recent economic boom. And, with more companies choosing to
locate there, it seems that the boom is not going to end any time soon.
Renting a Condo in Cebu City
Whether you are an executive or an employee, you can rent a condo in Cebu City that fits your budget. Monthly rates range from P6,000 for a 14-square meter unit to P180,000 for a 215- square meter unit in the heart of Cebu Business Park. Most of these condos are located close to offices and entertainment centers, and offer a taste of the laid-back, yet exciting Cebuano lifestyle that is known throughout the country. Popular projects include Avida Towers Cebu, Marco Polo Residences and Asia Premiere Residences .
