CEBU, Philippines — Real estate developer Worldwide Central Properties Inc. (WCPI) remains optimistic about Cebu’s real estate prospects in 2025, buoyed by improving market conditions such as declining interest rates and a steadily recovering economy.
“With these factors in play, we foresee a vibrant real estate market in 2025. Cebu’s strategic advantages and economic dynamism continue to make it a prime location for real estate investment and development,” said Ann Leslie Ngo, WCPI president.
Ngo also highlighted Cebu’s growing appeal as a retirement haven for foreign markets, which is expected to attract local and international investments to the sector.
One of WCPI’s major projects slated for 2025 is Vitale Suites, a 233-unit medium-density residential development in partnership with The Ascott Limited. Located on a 1,556-square-meter property along F. Cabahug Street in Mandaue City, the project aims to elevate urban living with a focus on health, wellness, and inclusivity.
WCPI recently marked a milestone for Vitale Suites with its first pouring ceremony, a significant step signaling the start of structural construction. The flagship mixed-use development will feature a combination of residential and hospitality components, including Citadines Mandaue Cebu, a serviced residence managed by The Ascott Limited.
Designed with accessibility in mind, the project offers studio, one-bedroom, and two-bedroom units, alongside features catering to mobility-challenged individuals. Amenities include an infinity pool, jogging path, rock climbing wall, fitness areas, an organic herb garden, a residents’ lounge, and a kiddie play area. Practical conveniences such as bicycle parking, golf bag lockers, a health food store, an eye center, and a sports rehabilitation clinic further enhance its appeal.
“Vitale Suites is not just a development—it represents our commitment to redefining urban living in Cebu by prioritizing health, wellness, and sustainability,” Ngo said.
“Like The Suites at Gorordo, this project brings Singapore-inspired living to Mandaue,” she added.
Vitale Suites is a BERDE-certified development, incorporating eco-friendly materials and designs that align with WCPI’s focus on sustainability and green building standards. BERDE, or the Building for Ecologically Responsive Design Excellence, is a green building rating system.
Ngo also noted the continued resilience of Cebu’s real estate sector in 2024, driven by robust demand for affordable housing, a thriving business process management (BPM) industry, recovering tourism, and significant infrastructure development.
The growing aspirations of Cebu’s middle class have fueled activity in the upper-mid and upscale residential markets, while the introduction of luxury property brands signals a rise in living standards among Cebuanos.“Beyond 2025, our pipeline includes developments that reflect our vision for sustainable and community-focused growth,” Ngo added.
In addition to Vitale Suites, WCPI plans to launch affordable urban housing projects in Metro Cebu to address the growing demand for high-quality, accessible residential options.
WCPI is the developer behind notable projects such as The Suites at Gorordo and Sundance Residences, both of which reflect the company’s commitment to enhancing urban living and meeting Cebu’s evolving real estate needs.