1 Cebu City Homes by Megaworld For Sale
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Cebu is the Philippines' main domestic shipping port and is home to about 80% of the country's domestic shipping companies. Cebu City is bordered to the northeast by Mandaue and the town of Consolacion, to the west are Toledo City, and the towns of Balamban and Asturias, to the south are Talisay City and the town of Minglanilla. Across Mactan Strait to the east is Mactan Island.
It is the center of a metropolitan area called Metro Cebu, which includes the cities of Carcar, Danao, Lapu-Lapu, Mandaue, Naga and Talisay; and the municipalities (towns) of Compostela, Consolacion, Cordova, Liloan, Minglanilla and San Fernando. Metro Cebu has a total population of about 2.55 million people (2010 census).
With Cebu city's proximity to many islands, beaches, hotel and resorts, diving locations and heritage sites, high domestic and foreign tourist arrivals have fueled the city's tourism industry. Due to its geographic location, accessibility by air, land and sea transportation, Cebu City has become the tourist gateway to Central and Southern Philippines.
The city is a major hub for the business process outsourcing industry of the Philippines. In 2013, Cebu ranked 8th worldwide in the "Top 100 BPO Destinations Report" by global advisory firm, Tholons.
Ayala Corporation, through its subsidiary Cebu Holdings, Inc. and Cebu Property, both publicly in the PSE Index, developed the Cebu Park District where the mixed-used development zones of the Cebu Business Park and Cebu IT Park are located. Both master planned areas are host to regional headquarters for various companies in the banking, finance, IT and tourism sectors among others.
With a revenue growth rate of 18.8 percent in 2012, the real estate industry is the fastest growing sector in Cebu. With the strong economic indicators and high investors' confidence level, more condominium projects and hypermarkets are being developed in the locality.