MANDAUE CITY, Cebu – With travel restrictions easing and promises of no more lockdowns, now is the season to invest in the real estate sector.
Audrey Villa, sales manager for HTLand/Mandani Bay, says investment prospects are even better for Filipinos working abroad as they can take advantage of persistent exchange rates that increase their purchasing power.
“The value of currencies apart from the Philippine peso is quite high. If you are a Filipino working overseas, chances are the value of the money – the currency – you earn will be higher,” Villa said.
“Now is the best time to invest because of course you would be paying in pesos here, so the amount you have has a higher value than three months before,” he added.
Mandani Bay The developers are showcasing the project – an embodiment of a world-class lifestyle – to the global stage as they launch their global roadshow in Singapore on August 13, 2022.
Mandani Bay is a world class 20 hectare development along FE Zuellig Avenue in Mandaue City which is expected to have a total of 21 towers and features a stunning views of the Mactan coastline and Mandaue cityscape.
Designed with sophistication and the ideal of a world-class luxurious lifestyle, Mandani Bay consists of high-rise residential towers that are interconnected by walkways, exclusive parking link buildings at the base, commercial spaces border wide boulevards, a tree-lined central avenue, and a 500-meter seafront.
Read more: Mandani Bay Suites: Luxurious, World-Class Living in Cebu
On July 30, 2022, Mandani Bay developers gave another glimpse of the development as a world-class lifestyle destination by hosting Havana Night for prospective residents.
The event was spiced up by the Cebu Salsa Club who offered free dance lessons to event attendees.
Besides its international bar sophistication, Mandani Bay also prides itself on its adherence to international green building standards. The first phase of the project, Mandani Bay Suites, received a 5-STAR Building for Ecologically Responsive Design (BERDE) rating from the Philippine Green Building Council (PHILGBC) in 2021 in recognition of its sustainable methods.
Read more: Mandani Bay Suites Achieves 5-Star BERDE Rating
Mandani Bay is a project of HTLand, a powerful consortium between Hongkong Land, an international real estate investment and development group; and the local Vicsal Development Corporation (VDC).
“Hongkong Land has a lot of development in Singapore. Filipinos in Singapore are familiar with the developer as well as developments in Hongkong Land, especially that of Marina Bay Financial Center,” Villa said.
Villa added that they hope Filipinos in Singapore know more about Mandani Bay and see Metro Cebu and the project as the next investment hotspot.
The Mandani Bay development is currently in its second phase with four towers in various stages of construction.
Coming out of a tough economic situation caused by the coronavirus pandemic since the first quarter of 2020, Villa said unit sales and outlook were on track to rebound to pre-pandemic numbers.
“This month, we have already achieved our goals…Sales are almost back, not [yet] at pre-pandemic levels, but we are almost there,” added Villa.
Mandani Bay Suites recently welcomed its first residents and the rotation of the remaining units is ongoing for the next few months. Villa said their goal is to return the second-phase units to residents in two to three years.
Learn more about Mandani Bay thanks to their Facebook, instagramand Youtube and their website, www.mandanibay.comor visit their internationally award-winning exhibition gallery located at FE Zuellig Avenue, Mandaue City.
Mandani Bay Dragon Boat Regatta 2022 will be held on August 20
An Afternoon of Fun, Music and Comfort Food: Picnic in Mandani Bay Park