Riding Mactan’s Steady Rise

Kat O. Cacho/Writer

Every day, Mactan Island is getting a dose or more, of being one of the most talked about destinations in the country. Thanks to its warm and hospitable people, rich history, pristine beaches and non-stop business opportunities, Mactan is more than just one of the world’s best islands and but an economic magnet of its own.

Every day, Mactan Island is getting a dose or more, of being one of the most talked about destinations in the country. Thanks to its warm and hospitable people, rich history, pristine beaches and non-stop business opportunities, Mactan is more than just one of the world’s best islands and but an economic magnet of its own.

One of those that cemented its position in the upscale market is Aruga Resort and Residences-Mactan, whose residential units are nearly half sold out. Developed by Rockwell Land, this P6.2 billion premier development boasts about over 200 posh residential units and 300 hotel rooms. The project sits on a 4.7 hectare property along the serene side of Punta Engaño.

Property research firm, Colliers International Philippines cited the attractiveness of condominium living coupled with rising land values and dearth of developable land in Cebu City as among the factors that make condominiums still the most preferred investment among property buyers.

The high sales take-up in Aruga Resort and Residences-Mactan is reflective of the rising purchasing capacity of Cebu residents and investors. Specifically, the property’s superb amenities and a promise of a relaxed and enthralling resort lifestyle have made it the preferred choice of buyers seeking a new space to live or invest in. Its exclusive 200-meter beachfront offers guests and residents their own version of a paradise. In March 2019 alone, Aruga Resort and Residences-Mactan has recorded the highest per square meter (p/sqm) sold at over Php 360,000 p/sqm for a one- bedroom beachfront unit.

“The continued demand for condominium units is fueled by the influx of high- spending foreign tourists,” said Colliers.

It pointed out that resort-oriented projects in Mactan will likely continue to record strong take-up especially from Japanese retirees and offshore gaming employees from China.

Mactan’s improved connectivity to the rest of the world is also something to bank on as the presence of direct flights to other countries could translate to potential tourism and real estate gains.

Rockwell Land’s entry to Mactan beefs up the island’s image in the global tourism and property map. The firm’s outstanding performance is proof that all eyes are now in Mactan.

Indeed, Mactan is enjoying all the praises it deserves and there is no stopping for the island to grow. This most talked about destination has a strong economy moving to greater heights and those who want to be a part of this growth assured of a good ride.