Cebu developments represent the best if the Philippines on the international stage
Organizers of the PropertyGuru Philippines Property Awards expressed confidence in the recovery of the Visayas and Mindanao property markets, following a strong performance by competitors representing the island groups at the 2022 PropertyGuru Asia Property Awards series.
The 11th Annual PropertyGuru Philippines Property Awards 2023, presented by Kohler and supported by Boysen Paints, now challenge Cebu’s outstanding real estate developers, along with emerging developers from the Visayas and Mindanao regions, to set a new benchmark of quality within the industry. Awards submissions are accepted online via: asiapropertyawards.com/nominations
Condominiums and house-and-lot (H&L) units in Cebu and property markets outside Metro Manila appreciated fast and recorded impressive annual price growth rates last year, according to research by Property Report by PropertyGuru, the Official Magazine of the Awards. Meanwhile, the completion of transport infrastructure developments such as the Cebu-Cordova Link Expressway has boosted major developers’ interest in Cebu.
Outsourcing firms will continue driving demand for office space within and outside Metro Manila, including Cebu, according to research by Colliers Philippines. Take-up in the provinces from outsourcing companies reached 149,800 square meters in 2022, with Cebu, Davao, and Pampanga covering 86% of the transactions.
The good news comes on the heels of the Philippine economy posting its fastest pace of growth in more than 40 years in 2022. Richard Raymundo, managing director of Colliers Philippines and a member of the independent judging panel of the Awards in the Philippines, said: “This is a positive signal for the property market which, over the past decades, mirrored the boom-bust cycle of the country’s economic output.”
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “Over the years, the PropertyGuru Philippines Property Awards have been part of the evolution of Cebu from a vibrant resort destination to a prosperous, self-contained property market in its own right. Our nominees from Cebu are no longer confined to local and national categories, but also successfully represent the Philippines at our regional Grand Final, even besting some of Asia Pacific’s finest real estate. We are excited to see how Cebu developers raise the Gold Standard once again in 2023.”
Cyndy Tan Jarabata, chairperson of the independent panel of judges of the PropertyGuru Philippines Property Awards and president of TAJARA Leisure & Hospitality Group Inc., said, “Over the years, the PropertyGuru Philippines Property Awards has evolved to become a healthier, more decentralized competition that spreads wins not only among large conglomerates and big developers in Mega Manila but also boutique developers and companies based in the provinces, including those in Cebu and Davao. Many of them have risen to the occasion and won the top awards, performing even better than major developers in the capital. The Awards have truly leveled the playing field and allowed outstanding developers to shine from anywhere in the archipelago.”
From Cebu’s finest to the Best in Asia
Winning developers from Cebu at the 10th PropertyGuru Philippines Property Awards 2022 went on to garner regional ‘Best in Asia’ honors at the 17th PropertyGuru Asia Property Awards Grand Final. AppleOne Mactan, Inc. won Best Branded Residential Development (Asia) for The Residences at Sheraton Cebu Mactan Resort while Cebu Landmasters, Inc. won Best Hospitality Architectural Design (Asia) for Sofitel Cebu City.
Developers and projects in Visayas and Mindanao were well represented at the 10th PropertyGuru Philippines Property Awards 2022. Cebu Landmasters, Inc. received multiple awards, including the Best Developer (Visayas) and Best Developer (Mindanao) titles. Homegrown Davao developers Damosa Land, Inc and UrbanEast Developments, Inc. also garnered winning titles, including those for developments such as Ameria and The Gardens at South Ridge. Torre Lorenzo Development Corporation and Grand Land Inc. meanwhile earned winning titles for its Mindanao projects Dusit Thani Lubi Plantation Resort and The Piazza, respectively.
The most exclusive night for Philippine real estate in 2023 will take place at the main ballroom of the Fairmont Makati hotel on Friday, 29 September.
Key dates for the 2023 edition:
14 July 2023 – Entries Close
7 August – 1 September 2023 – Site Inspections
6 September 2023 – Final Judging
29 September 2023 – Gala Dinner and Awards Ceremony in Manila, Philippines
8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand
Nominations and entries are being accepted online until 14 July 2023: asiapropertyawards.com/nominations
Fair, transparent process
The highly anticipated 2023 edition of the PropertyGuru Philippines Property Awards kicked off into high gear with a media launch today at the Sheraton Cebu Mactan Resort. The media event, which was followed by a networking cocktail with property developers, was led by Jules Kay alongside Cyndy Tan Jarabata, chairperson of the independent panel of judges of the PropertyGuru Philippines Property Awards and president of TAJARA Leisure & Hospitality Group Inc.; Myra Gilig, senior vice-president for sales and sales admin operations, AppleOne Properties Inc; and Lloyd T. Tan, partner with Diaz Murillo Dalupan and Company – HLB Philippines, the Official Supervisor of the Awards.
The independent panel of judges, comprising experts in diverse fields such as real estate consultancy, architecture and interior design, and sustainable development, will rigorously deliberate over eligible entries to the Awards.
HLB, the global network of independent advisory and accounting firms, will make full use of a professionally run and fully transparent judging system, with an established reputation for fairness, credibility, and integrity.
Main country winners of the Awards in the Philippines qualify to compete for regional honors at the 18th PropertyGuru Asia Property Awards Grand Final 2023 on 8 December in Bangkok, Thailand.
Established in 2005, the PropertyGuru Asia Property Awards continue to reward high-caliber work within the industry, encompassing property development, construction, architecture, interior design, and sustainable building practices. The series has expanded over the years to cover the region’s dynamic property markets, including Australia, the Chinese markets, Greater Niseko in Japan, and India.
Organized by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 11th PropertyGuru Philippines Property Awards are supported by platinum sponsor Kohler; gold sponsor Boysen Paints; official magazine Property Report by PropertyGuru; official publicity partner Ripple8; and official supervisor HLB.