Find Real Estate Agents and Homes for Sale


Real Estate News --> New Jersey News

Cebu is ‘second home’ for US Pinoys


Cebu City, Cebu – Capitalizing on the promotion of Cebu as a “second home” destination, a 48-men delegation from Cebu announced it recently conducted a 15-day sales mission to the United States encouraging Filipinos there to buy properties in Cebu.The group of licensed brokers and sales agents visited five key cities in the U.S.-New Orleans, Los Angeles, New Jersey, New York, and San Francisco ...


Archived Story

'Asia's Got Talent' kicks offGuess the Celebrity TrademarkFun trivia about this year’s Miss Universe candidatesMiss Colombia is new Miss UniverseMore Galleries »VideosShort FilmsNewsMUSICBlogsPinoyrocksSay Cheese!Write AwayKorean WaveWhat's HotK-PopDrama and MovieVariety ShowK-StylePhotosVideos SearchKeywordCelebrity Search if(typeof rt_pushMoment!=='undefined')rt_pushMoment("t2"); var t_art_head = new Date().getTime();Cebu is ‘second home’ for US PinoysManila Bulletin – Sat, Nov 22, 2014 1:10 AM PHT Share 0Tweet0 Share0 Cebu City, Cebu – Capitalizing on the promotion of Cebu as a “second home” destination, a 48-men delegation from Cebu announced it recently conducted a 15-day sales mission to the United States encouraging Filipinos there to buy properties in Cebu. The group of licensed brokers and sales agents visited five key cities in the U.S.-New Orleans, Los Angeles, New Jersey, New York, and San FranciscoThey expect to generate at least P200 million to P300 million in sales deals that would translate to an estimated 80 to 100 condominium units. “The demand is very strongFilipinos residing and working in the US, as well as foreigners, are looking for good properties in Cebu, and condominiums are a popular choice,”Anthony Leuterio, president and CEO of Leuterio Realty and Brokerage Inc(LRBI) said. According to Leuterio, the U.Shas always been one of the effective markets for marketing and sales events for the real estate sector, specifically for developers, brokers and sales people, as actual sales and closing of deals are immediate. He said that there are over 6,000 condominium inventories in Cebu that are up for sale, including those that are scheduled to be completed in the next two to three years. “Brokers usually endorse condominium properties that are on the pre-selling stage because prices are still affordable,” Leuterio added. Last year, he noted that the same group generated an estimated sales of P150 million from similar promotional events held in the U.S. Some 80 percent of the demand in real estate in Cebu are for condominium units priced from P60,000 to P75,000 per square meterThe increase in demand comes from the overseas Filipino workers and foreign buyers from the US, Europe, Australia, Japan and Korea. Supported by seven property development companies like Apple One, Contempo, King Properties, DurosLand Properties Inc., Primary Homes, Landmasters and Tambuli Properties, the group also held an international convention in New York where developers were allowed to present their products to prospective buyers.

Trending New Jersey News:


  • Real estate agent arrested after hook-up in recently sold home
  • What it costs to buy a home in N.J.'s 10 best school districts
  • North Jersey Data Center Industry Blurs Utility-Real Estate Boundaries
  • Hogan Lovells Leads Way on Spate of Office Openings
  • South Jersey real estate agents on terrorism watch
  • Chambers Street reports 3Q results
  • Vineland named top garden city in the garden state - NBC40.net
  • New Jersey Overcoming Headwinds and Hurdles
  • Real Estate Lawyers Applaud Supreme Court's Ruling on Email Notice
  • Reports Show How Trump's Son-In-Law Jared Kushner Is Extremely Rich Thanks To Gritty New Jersey's Real Estate Portfolio
  • Green Team New Jersey Realty celebrates grand opening
  • Under Governor Chris Christie, New Jersey Forgave $25 Million Donald Trump's Casinos Owed in Back Taxes
  • Re/Max buying its New Jersey operations
  • NJ EDA Officials Tour Jersey City Coworking Space Indiegrove
  • The News Funnel Officially Launches in the Real Estate Industry
  • New Jersey Worse Off at End of Decade Than Start, Study Says
  • PhillyDeals: Business moves to N.J. outpace vacancies
  • South Jersey landlords looking to sell 3M+ square feet of office space
  • 4 money tips for new homeowners
  • Star-Ledger puts its Newark headquarters up for sale