Tuesday, July 5, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Real Estate

Lapu-Lapu puts on world map

Manila StandardbyManila Standard
September 3, 2016, 9:17 pm
in Real Estate
Reading Time: 4 mins read
A A
72
SHARES
Share on FacebookShare on TwitterShare on Email

Lapu-Lapu City is known as the place where local chieftain—the city’s namesake, Lapu-Lapu—defeated and killed Portuguese explorer Ferdinand Magellan, putting on hold Spain’s ambition to colonize the Philippine islands for another 40 or so years.

Today, the city is known for quite different reasons. Much of the natural beauty of Mactan Island, where Lapu-Lapu is located, is intact,  but it looks like the town is looking optimistically into the future.

Lamudi Philippines put together five reasons why Lapu-Lapu City is the next business and tourism hotspot in Cebu province and the Central Visayas region, and the exciting future that awaits the city.

MAKE MINE LAPU-LAPU. A city deeply rooted to its past, while looking positively into the future.

Home to the country’s second busiest airport

For years the Mactan-Cebu International Airport, which is under the jurisdiction of Lapu-Lapu City, has been Central Visayas’ gateway to the rest of the Philippines. The airport, which handled 7.78 million passengers in 2015, is also fast becoming Cebu’s gateway to the rest of the world.

ADVERTISEMENT

Regular scheduled flights operate from the Mactan airport to other major cities in Asia, such as Kuala Lumpur, Hong Kong, Singapore, Seoul, and Dubai. But just recently flag carrier Philippine Airlines started operating daily nonstop flights from the airport to Los Angeles, a testament to Lapu-Lapu City’s—and the rest of Cebu province’s—position as a favorite Philippine destination by foreign visitors.

Mactan airport is currently undergoing a major upgrade. Construction of the airport’s Terminal 2 is on track for a 2018 delivery, according to GMR-Megawide Cebu Airport Corp. The new terminal will serve all the airport’s international flights and will have an area of about 45,000 sqm, which can be expanded further in a succeeding development phase. The old terminal is currently being refurbished and will eventually handle all domestic flights.

Central Visayas’ major tourism driver

Data from the Department of Tourism (DOT) recently showed that tourist arrivals in Central Visayas reached 3.5 million for the first 10 months of 2015. According to the DOT, Cebu province as a whole accounted for 64% and 84% of total domestic and foreign arrivals, respectively, to Central Visayas. This amounts to approximately 2.5 million tourists during the 10-month period. In addition, Lapu-Lapu City lodged majority of foreign tourists to the province, while Cebu City registered most of local visitors.

According to Hembler Mendoza, the city’s chief tourism officer, aside from an international airport, Lapu-Lapu City is  home to at least 11 marine sanctuaries, bird and other wildlife sanctuaries, white-sand beaches, high-end hotels and resorts, and world-class dive sites. 

The city also offers leisure attractions not found in other parts of Cebu province, such as sunrise tours aboard a yacht and flight adventures, not to mention that there are 79 hospitality establishments in the city (and one on Olango Island) offering approximately 5,000 room inventories.

Competitiveness ranking improving

Lapu-Lapu is the only highly urbanized city in Cebu province whose competitiveness ranking improved, according to the National Competitiveness Council (NCC). From the 23rd place in 2015, Lapu-Lapu City moved up to the 21st spot among all highly urbanized cities in the Philippines, while its overall ranking when all Philippine cities are considered, surged to 39th in 2016 from the 70th position in 2015.

According to the NCC, the categories in which Lapu-Lapu City excels include presence of investment promotions unit, availability of utilities, and compliance to national directives to LGUs.

Buoyant local economy

Where else in Cebu province will you find a diverse range of businesses, where BPO offices sit close to high-end hotels and beach resorts? Lapu-Lapu City offers these. The city government reported in 2015 that the number of business establishments in the city surged to approximately 12,000 in 2014, compared to about 7,000 logged in 2010.

In addition, the local government reported that the city’s revenue surged 50% to Php1.4 billion, from Php927 million in 2010. Lapu-Lapu City’s mayor was quoted saying: “The sharp rise, she said, is the result of the taxes paid by companies doing business in the city because of its rosy economic prospects.”

Good transport infrastructure

Aside from the Mactan airport, road travel within Lapu-Lapu City and the whole Mactan Island is quick and easy. Major thoroughfares encircle the entire periphery of island, while it is also connected to Mandaue in mainland Cebu via two bridges: Osmeña Bridge and Marcelo Fernan Bridge. And to ease traffic congestion on these two bridges, especially during rush hour, a third bridge is now being proposed. The bridge will connect the town of Cordova south of Lapu-Lapu City to Cebu City on the mainland.

The city is also much less prone to flooding during the monsoon season compared to Cebu and Mandaue. In fact, heavy rains brought about Habagat (southwest monsoon) in July of this year caused major floods of up to two feet in Cebu City’s busiest areas, but Lapu-Lapu City was virtually unaffected.

Most-searched locations online

Data from Lamudi Philippines shows that Lapu-Lapu City is one of the most searched locations for properties in the Central Visayas region (and second to Cebu City, which has more inventory and higher population base). 

Combined search volumes for houses and condos (both for sale and for rent) for Lapu-Lapu City increased 21 percent from the first quarter to the second quarter of 2016. In addition, looking at compound average growth rate (CAGR) using search data from the first six months of 2016, condos for sale and condos for rent have the highest growth rate in search volume, at 9.69% and 10.91%, respectively.

Crystal ball-gazing

Lapu-Lapu City’s  population grew an average 2.94% from 2010 to 2015, according to data from the Philippine Statistical Authority, and now stands at 408,112, according to the 2015 Census. 

This growth may in part be attributed to the city’s remarkable economic performance. Over the next few years, the city will see the opening of BPO offices, mixed-use townships, and resort-oriented developments, which will bring in more employment opportunities to the citizens of Lapu-Lapu City. 

These developments are even more visible in the city’s Punta Engaño section and neighboring areas, a peninsula jutting out from Mactan Island’s northeastern corner. This area is where many of the city’s most upscale resorts and developments are located, including Discovery Bay Resorts and Residences, Shangri-La’s Mactan Resort and Spa, Mövenpick Hotel, and Megaworld Corporation’s Mactan Newtown.

Tags: Cebu provinceLapu-Lapu City
ADVERTISEMENT
Manila Standard

Manila Standard

Related Posts

Davao makes mark as vital PH economic hub

byManila Standard
November 28, 2021, 7:21 pm
0
158
Davao makes mark as vital PH economic hub

Real estate, tourism, manufacturing, and agribusiness have been increasingly drawing in investments into the Davao Region as it positions itself...

Read more

Self-made Chinese billionaire battling to save his Evergrande empire

byAFP
October 21, 2021, 7:05 pm
0
132
Self-made Chinese billionaire battling to save his Evergrande empire

By Helen Roxburgh and Danni Zhu BEIJING, China—From rural poverty to real-estate billions, the fortunes of Xu Jiayin mirrored China’s runaway...

Read more

China property, construction sectors shrank in 3rd quarter

byAFP
October 19, 2021, 6:35 pm
0
132
China property, construction sectors shrank in 3rd quarter

BEIJING, China—China’s real estate and construction sectors shrank in the third quarter for the first time since the early stage...

Read more

Real estate sector gets digital boost from Globe Business

byManila Standard
October 14, 2021, 9:18 pm
0
132
Real estate sector gets digital boost from Globe Business

As homes turn into offices and classrooms and workspaces minimize their capacity, Globe Business is all set to help real...

Read more

Online learning, work opening up rental markets

byManila Standard
September 24, 2021, 8:55 pm
0
138
Online learning, work opening up rental markets

There is now a more evenly distributed market for properties to rent and purchase in Metro Manila—a sign of shifting...

Read more

Evergrande agrees deal to avoid default on key bond: company

byAFP
September 22, 2021, 1:30 pm
0
131
Evergrande agrees deal to avoid default on key bond: company

Embattled Chinese housing giant Evergrande said Wednesday it had agreed a deal with domestic bondholders that should allow the conglomerate...

Read more

Stories you may like

  • Denying Villafuerte justice

    Starting on the wrong foot

    3021 shares
    Share 1208 Tweet 755
  • Of course, it was BBM’s project

    33238 shares
    Share 13295 Tweet 8310
  • The next, now, or never in new romance film ‘Ngayon Kaya’

    2346 shares
    Share 938 Tweet 587
  • Property relations in marriage

    1123 shares
    Share 449 Tweet 281
  • Herbosa will make an excellent DOH Secretary

    2076 shares
    Share 830 Tweet 519

Print Edition

View More

Recent Posts

  • Sneakers for Makati : AB4.0
  • BBM tackles food shortage
  • Xi to invite Marcos to visit China, Beijing’s top diplomat set to arrive
  • Bautista nixes status quo in land transport
  • Palace: Evaluation of candidates for still-vacant posts in final stage
  • All’s not lost for Bulacan freeport, government to back bill once ‘corrected’
  • Big price cuts on diesel, LPG, but gas unchanged
  • Average daily COVID cases jump 60%, OCTA sees drop next week

Advertisement

Latest News

All’s not lost for Bulacan freeport, government to back bill once ‘corrected’

byMacon Ramos-Aranetaand1 others
July 5, 2022, 1:00 am
0
135
Vax wastage, infection surge feared in Odette-hit areas

President Ferdinand Marcos Jr. will fully support the establishment of a special economic zone and freeport adjacent to the proposed...

Read more

Big price cuts on diesel, LPG, but gas unchanged

byAlena Mae S. Floresand1 others
July 5, 2022, 12:50 am
0
132
Gov‘t on alert over inaugural disruption buzz

Oil companies cut pump prices by as much as P3.40 per liter effective 12:01 a.m. Tuesday to reflect the movement...

Read more

Average daily COVID cases jump 60%, OCTA sees drop next week

byWillie Casas
July 5, 2022, 12:40 am
0
136
Laguna officials, huge crowd go for BBM, Sara

The Philippines logged 7,398 new COVID-19 cases from June 27 to July 3, 2022 with a daily average of 1,057...

Read more

Medical reserve corps bill pushed

byMaricel Cruz
July 5, 2022, 12:30 am
0
141
Fiction comes to life: How to Murder Your Husband

Three legislators led by Leyte 1st District Rep. Martin G. Romualdez have proposed the creation of a Medical Reserve Corps...

Read more

SC strikes down ERC regulation on power mart

byRey E. Requejo
July 5, 2022, 12:20 am
0
146
ERC approves NGCP-SMGCP deal

The Supreme Court has nullified the order issued by the Energy Regulatory Commission (ERC) that regulated the prices in the...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App