Brisk sales expected for Sinulog

Date: January 12, 2017
Strong economy to fuel property sector growth

Opening salvo. Always a crowd drawer, the Sinulog festival is allowing real estate developers to promote their projects to clients who are in town to celebrate and pay homage to the Sto. Niño. (Sun.Star Foto/Arni Aclao)

BEYOND the merrymaking, property developers are also taking advantage of sales opportunities that the Sinulog festival can bring them.

Filinvest Land Inc. (FLI) project development officer Archie Igot said the company has consistently held some of their major property events during the Sinulog festival.

“In the last five years, we have coupled Sinulog activities with major milestones of our projects so that we can capture all possible prospects coming here in Cebu,” Igot said.

Last Saturday, FLI held the ceremonial groundbreaking of the second phase of One Oasis Cebu, a condominium enclave along F. Cabahug St. in Cebu City. Upon completion of the four buildings, this will bring to 1,250 the total number of existing condominium units. The plan for the project is to have five buildings to be completed by 2021.

Igot said that before January ends, FLI is slated to hold a groundbreaking ceremony of the sixth condominium building in Sanremo Oasis at the South Road Properties (SRP).

The FLI official said the move aims to capture the influx of tourists, both domestic and foreign, who are scheduled to visit Cebu for the Sinulog festival.

For local developer Grand Land Inc., its president Ryan Bernard Go said that aside from tourists, Sinulog is also an opportunity for the developers and brokers to sell their projects to a good number of overseas Filipino workers returning to Cebu to pay homage to Sto. Niño.

“It is the time that our buyers take a look at the project and make their final decision. Marketing efforts are done during the year and some will close when they see the actual location,” Go said in a text message.

Brokers and agents also see opportunities during this season.

According to Leuterio Realty and Brokerage founder Anthony Leuterio, Sinulog aids the real estate industry.

However, he said that even on non-Sinulog months, sales remain upbeat.

“Sinulog is the best time to promote (real estate projects). But sales wise, it depends if there are enough (good) projects,” he said, emphasizing that aside from good location, competitive pricing also comes into play when clients choose to buy.

Wise buyers, according to Leuterio, are convinced not only with the developers’ marketing strategies, but also on location and reasonable prices.

Source: SunStar Cebu

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