by Lionunion 
Cebu is a province of the Philippines, and it consists of Cebu Island and 167 surrounding islands and islets. Its capital is Cebu City, the “Queen City of the South”, which is the oldest city and first capital of the Philippines. Other notable cities include Lapu-Lapu City, Mandaue City, Talisay City, and Danao City.
An Overview of Cebu
Land Area: The total land area of the province is 5,342.39 square kilometers.
Population: As of the 2020 census, the total population of Cebu is approximately 4.95 million people, making it the most populous province in the Philippines.
Economic Situation: Cebu is one of the most developed provinces in the Philippines, with Cebu City as the main center of commerce, trade, education, and industry in the Visayas. The economy is heavily based on services and manufacturing. It has a large number of business process outsourcing (BPO) companies, contributing significantly to the economy.
Real Estate Market Situation: The real estate market in Cebu has been booming, with a significant increase in the construction of residential condominiums, office buildings, and commercial centers. Cebu City, in particular, has seen a surge in real estate development, becoming a new hub for real estate investment in the country.
Exploring the Cities of Cebu
Cebu City
Cebu City, officially known as the City of Cebu, is a first-class highly urbanized city in the island province of Cebu in the Central Visayas region of the Philippines. It is the oldest city in the country, having been the first Spanish settlement and the nation’s oldest city.
As of 2020, the city has a population of approximately 964,169 people. It has a land area of 315.10 square kilometers, making it the fifth-most populated city in the nation.
Economically, Cebu City is a significant center of commerce, trade, and education in the Visayas region. It is the main hub of the country’s shipping industry, with about 80% of the country’s shipping companies residing there. The city’s economy is also heavily reliant on the BPO industry, with companies like Accenture, Convergys, and IBM having set up large operations centers in the city.
The real estate market in Cebu City is vibrant and growing. The city has seen a significant increase in the construction of high-rise residential and commercial buildings. The demand for real estate properties, particularly condominiums, has been on the rise due to the city’s growing economy and the influx of foreign investors. The city’s real estate market is considered one of the most vibrant in the Philippines, with a wide range of options for buyers and investors.
Lapu-Lapu City
Lapu-Lapu City is a highly urbanized city located in the province of Cebu, Philippines. Named after the Visayan chieftain Lapu-Lapu, the city is known for the Battle of Mactan that took place in 1521.
As of the 2020 census, the city has a population of approximately 497,604 people. It covers a land area of 58.1 square kilometers, making it the fifth most populous city in the Visayas.
The city’s economy is primarily driven by tourism, with many resorts located on Mactan Island. The Mactan-Cebu International Airport, the second busiest airport in the Philippines, is located in the city, further boosting its tourism industry.
In terms of real estate, Lapu-Lapu City has been experiencing a boom in recent years. The city is a popular location for both residential and commercial properties due to its strategic location and the growing number of businesses in the area. The demand for real estate in the city is high, and property values have been steadily increasing.
Mandaue
Mandaue is a highly urbanized city in the province of Cebu, Philippines. It is one of three cities on Cebu Island and is part of the Metro Cebu area.
As of the 2020 census, Mandaue has a population of approximately 365,000 people. The city covers a land area of about 34.87 square kilometers.
Economically, Mandaue is a significant center of trade, commerce, and industry in the Visayas region. It is home to more than 10,000 commercial and industrial businesses, making it a major economic driver in the area. The city is known for its furniture-making industry, which has earned it the nickname “Furniture Capital of the Philippines.”
The real estate market in Mandaue is dynamic, with a mix of residential, commercial, and industrial properties. The city’s strategic location, coupled with its robust economy, makes it an attractive destination for real estate investment. There has been a surge in the construction of condominiums, office spaces, and commercial establishments in recent years, indicating a thriving real estate market.
Talisay
Talisay, officially known as the City of Talisay, is a 3rd class component city in the province of Cebu, Philippines. It has a total land area of 39.87 square kilometers.
As of the 2020 census, the city has a population of 263,048 people. The city’s name is derived from the talisay tree, which is abundant in the area.
Economically, Much of the commerce in Talisay takes place in the Tabunok area, where several public markets, strip malls, and commercial establishments are located. The city also serves as the commercial area for municipalities south of the city, being the southern gateway to Cebu City.
The real estate market in Talisay is dynamic, with a mix of residential, commercial, and industrial properties. The city’s strategic location, coupled with its robust economy, makes it an attractive destination for real estate investment. The city’s development has been boosted by the construction of the South Road Properties and the Cebu South Coastal Road, which has greatly reduced traffic and made the city a popular zone for housing.
Talisay City is also known as the “Lechon Capital of Cebu” and is famous for its Lechon, which is nicknamed “Inasal”. The city celebrates the “Halad Inasal Festival” on October 15 in honor of St. Teresa of Avila, Talisay City’s patron saint. The festival is highlighted by street dancing merged with a procession with roasted pig, culminating with a ritual showdown and a grand finale with a firework display.
Minglanilla
Minglanilla, officially known as the Municipality of Minglanilla, is a 1st class municipality in the province of Cebu, Philippines. According to the 2020 census, it has a population of 151,002 people. The municipality is bordered to the north by the City of Talisay, to the west by the city of Toledo, to the east by the Cebu Strait, and to the south by the city of Naga. Minglanilla lies within Metro Cebu and is known as the “Sugat Capital of the South”.
The total land area of Minglanilla is 65.60 km² (25.33 sq mi). It is primarily a residential town, with most of its population commuting to Cebu City for work. Prior to its suburbanization, Minglanilla’s primary industries were agriculture and fishing. However, since the 2000s, the municipality has shifted into having a more service-driven economy. It hosts many subdivisions due to its close location to Cebu City, which is only 15 kilometers away.
The economic situation in Minglanilla is developing, with the establishment of the Minglanilla Techno-Business Park, a 100-hectare development which will host light industries and other mixed-use developments. The park is scheduled for completion by 2024. The Cebu South Port, a 5-hectare expandable port development in Minglanilla, can accommodate ocean-going Panamax Vessels.
As for the real estate market, owing to its close location to Cebu City, Minglanilla hosts many subdivisions. The municipality is primarily residential, with most of its population commuting to Cebu City for work. The Minglanilla Techno-Business Park, which is under development, is also expected to host mixed-use developments, potentially influencing the real estate market in the area.
Consolacion
Consolacion is a 1st class municipality in the province of Cebu, Philippines. According to the 2020 census, it has a population of 148,012 people. The total land area of Consolacion is 37.03 square kilometers. The town is bordered on the north by the town of Liloan, to the west by Cebu City, on the east by the Camotes Sea, and on the south by the city of Mandaue.
The economy of Consolacion is growing, with a shift towards the development of housing and subdivision facilities, despite the presence of several medium-sized manufacturing industries. The town is predicted to become a residential urban municipality in the next 5–10 years. The total revenue in 2020 was ₱508 million, with assets amounting to ₱1,564 million. However, the town also had liabilities of ₱425.9 million in the same year.
As for the real estate market, the recent economic trend is towards the development of housing/subdivision facilities. The demographic distribution profile of Consolacion shows sparsely populated upland barangays, and densely populated lowland barangays within the commercial area along the existing national highway.
Compostela
Compostela is a 3rd class municipality in the province of Cebu, Philippines. It is located within the Metro Cebu area. The total land area of Compostela is 53.90 square kilometers. According to the 2020 census, it has a population of 55,874 people.
Economically, Compostela is classified as a 3rd municipal income class. In 2020, the municipality generated a revenue of ₱173.5 million, had assets amounting to ₱459.2 million, and liabilities of ₱82.66 million. The poverty incidence in the area was 12.40% in 2018.
Compostela is politically subdivided into 17 barangays. The municipality is bordered on the north by the city of Danao, to the west by Cebu City, on the east by the Camotes Sea, and on the south by the town of Liloan.
Balamban
Balamban is a 1st class municipality in the province of Cebu, Philippines. It has a total land area of 333.56 square kilometers and a population of 95,136 people according to the 2020 census. The municipality is politically subdivided into 28 barangays.
The economy of Balamban is driven by the West Cebu Industrial Park (WCIP), a 540-hectare mixed-use development. It is owned and managed by AboitizLand and is anchored by a 283-hectare industrial park, a Philippine Economic Zone Authority (PEZA)-registered economic zone tagged as the “Shipbuilding Capital of the Philippines”. It hosts 11 locators from medium to heavy industries and employs 14,000 skilled workers.
In 2020, the municipality generated a revenue of ₱377.3 million, had assets amounting to ₱1,359 million, and liabilities of ₱280 million. The poverty incidence in the area was 18.90% in 2018.
Carcar
Carcar, officially known as the City of Carcar, is a 5th class component city in the province of Cebu, Philippines. It has a total land area of 116.78 square kilometers and a population of 136,453 people as per the 2020 census. The city is politically subdivided into 15 barangays.
Economically, Carcar is classified as a 5th city income class. In 2020, the city generated a revenue of ₱726.4 million, had assets amounting to ₱3,251 million, and liabilities of ₱1,096 million. The poverty incidence in the area was 13.80% in 2018.
Carcar is bordered to the north by the town of San Fernando, to the west are the towns of Aloguinsan and Barili, to the east is the Cebu Strait, and to the south is the town of Sibonga. It lies within the Metro Cebu area.
Toledo
Toledo, officially known as the City of Toledo, is a 3rd class component city in the province of Cebu, Philippines. As of the 2020 census, it has a population of 207,314 people. The city covers a total area of 216.28 square kilometers.
Economically, Toledo is known as the “Copper City” due to its large mining industry owned by Atlas Consolidated Mining and Development Corporation. The city is also known as the “Power City” as it hosts several power providers. The city’s income class is classified as 3rd city income class, with a poverty incidence of 17.20% as of 2018.
In terms of real estate, the city is not as progressive as other cities in Cebu, but it is strategically located on the western seaboard facing Negros Oriental. The city is 67 kilometers away from Cebu City.
Bogo
Bogo is a city in the province of Cebu, Philippines. It is located on the northeastern coast of Cebu island and is approximately 101 kilometers from Cebu City, the provincial capital.
As of the 2020 census, Bogo City has a population of 78,120 people. The city covers a land area of 103.52 square kilometers, giving it a population density of around 755 people per square kilometer.
The economy of Bogo City is primarily based on agriculture, with a focus on crops such as corn, coconut, and rice. The city is also known for its poultry and livestock industries. Fishing is another significant source of livelihood due to its coastal location.
The real estate market in Bogo City is growing, with an increasing number of residential and commercial developments. The city government is encouraging investments in real estate, which is leading to a rise in property values.
Liloan
Liloan is a municipality located in the province of Cebu, Philippines. According to the 2020 census, it has a population of 134,648 people. The municipality covers a land area of 75.18 square kilometers.
The economy of Liloan is primarily based on fishing, farming, and trading. It is known for its pottery industry and has a thriving local market. The town is also home to several commercial establishments, including shopping centers, restaurants, and resorts, which contribute to its local economy.
Regarding the real estate market, Liloan has seen significant growth in recent years. The town has become a popular residential area due to its proximity to Cebu City and the northern part of Cebu. There are several real estate developments in the area, including subdivisions and condominiums, catering to a range of budgets. The increasing demand for properties in Liloan is a testament to its growing economy and strategic location.
Danao
Danao is a city in the province of Cebu, Philippines. It is located on the eastern coast of Cebu and is about 33 kilometers north of Cebu City.
As of the 2020 census, the city has a population of approximately 136,471 people. It covers a land area of about 107.30 square kilometers, making it the fifth largest city in Cebu in terms of land area.
The economy of Danao is diverse, with agriculture, fishing, and various industries contributing to its growth. Other industries include furniture-making, ceramics, and food processing.
Source: wikipedia
