Econ­o­mist: In­vest in res­i­dences in Cebu

Cebu Daily News - - PROPERTY - /CORRES PONDENT DELTA DYRECKA LETIGIO

NOW is the time to in­vest into res­i­dences in Cebu as the coun­try’s econ­omy is ex­pected to at­tract more for­eign i nvestors.

Pro­fes­sor Ri­cardo de Vera, in­ter­na­tional busi­ness an­a­lyst and econ­o­mist, made this call to lo­cal in­vestors as th­ese for­eign in­vestors when they would come into the coun­try would need a place to stay es­pe­cially in Cebu, which had been a prime spot for them.

“For­eign in­vestors will come in, they will need a place to stay. Cebu is a prime spot for in­vest­ments. We have here the golden mean of in­dus­tri­al­iza­tion. We will soon see a surge of in­vestors in Cebu,” said De Vera dur­ing a Nov. 7 fo­rum on the Global De­vel­op­ment, Lo­cal View fo­rum at the Grand Con­ven­tion Cen­ter in Cebu City.

De Vera also said that Pres­i­dent Ro­drigo Duterte’s Build, Build, Build de­vel­op­ment plan had caused roller coaster changes in the Gross Do­mes­tic Prod­uct (GDP) in the past months.

“Al­though it seemed like our GDP con­stantly goes up and down, take th­ese changes to­gether and you will see that our econ­omy is ac­tu­ally ris­ing,” said De Vera.

He said that al­though the GDP would go down oc­ca­sion­ally, the in­fra­struc­ture that would be built as part of the Philip­pine De­vel­op­ment Plan for 20172022 would even­tu­ally cause a rapid rise in the GDP fol­low­ing the in­flux of in­vestors.

CDN PHOTO/JUNJIE MENDOZA AND CON­TRIB­UTED PHOTO

Bene­dict Bene­dicto, Bene­dict Ven­tures Inc. di­rec­tor, (above photo, left) to­gether with other of­fi­cials of the com­pany, scan through a brochure of their new res­i­den­tial project, Be Res­i­dences, that will be built near the Cebu IT Park in Barangay Lahug, Cebu City. The Be Res­i­dences project, an artist’s per­spec­tive of the project is shown at right, is the fam­ily’s first foray into the res­i­den­tial de­vel­op­ment sec­tor.

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