Unleashing of Modern Condo Hotel in Cebu amid Financial Crisis

June 22, 2009 - PRLog -- Effective promotion of tourism in the Philippines gave birth to the modern condo hotel as an alternative housing.

The Philippines’ tropical climate has attracted tourists from the different parts of the world. The net tourism income has contributed a lot to the economy of the country which also gave rise to real estate property development especially to one of its historic cities, Cebu. The city’s entry to tourism started in the 70s until the mid 80s but went down after the EDSA revolution creating lesser chances of property investment to successfully thrive.

Tourism sector of the city has been affected by the global financial crisis but with the local government unit working hand in hand with the stakeholders in order to keep the pace, the industry continues to be vibrant. Naitas Chairman Emeritus Robert Lim Joseph said that “Cebu must focus on getting international niche market and consider local tourists to survive the financial crunch.” He also added that “There could be a decline in the number of tourists, but let's try to be competitive in terms of service and offerings so that tourist will remain interested in coming to Cebu.”

City Loft Cebu and Ramos Tower are two of the promising housing alternatives that combine the modern style with the classy touch. Philippine investment property has become competitive due to the escalating number of people whether tourist or a citizen of the country who seeks for an abode with the luxurious amenities. Located right within the heart of the city, property owners can enjoy the easy access to schools and other institutions in the proximity. Owners can also benefit from the premier condo hotel services like the video intercom from the lobby and the 24-hour security availability.

Property investment in the city especially with the real estate would still flourish despite the economic turmoil. DSR Asset Management Ltd specialists offer the assistance to potential investors with the various options made available.