Mactan Newtown| Condominium For Sale Cebu Philppines|Megaworld Corporation: How The Mactan Newtown Competes with Rentals in Condos in Mactan

Asia right now continues to roar its way to progress and one of the benefactors is Philippines.

HIGHLIGHTS

Despite the devastation brought about by the series of natural disasters that hit the country in the last quarter of 2013, the country’s Gross Domestic Product (GDP) grew by 6.5 percent in the fourth quarter of 2013 driven by the Services sector , particularly, Trade and Real Estate, Renting & Business Activities, and by the accelerated performance of Manufacturing, paving the way for the annual GDP to post a growth of 7.2 percent.

On the demand side, sustained consumer and government spending for the whole year buttressed by increased investments in Fixed Capital Formation, particularly in Durable Equipment, contributed to the healthy GDP growth in 2013. In the fourth quarter, the diminished government spending was not able to negate the robust GDP growth sustained by consumer spending and investments in fixed capital formation and the growth in international trade.

Meanwhile, on an annual basis, Gross National Income (GNI) grew by 7.5 percent in 2013 (the highest since the 8.5 percent growth posted in year 2003) from 6.5 percent the previous year with Net Primary Income (NPI) from Rest of the World (ROW) the growing by 9.4 percent in 2013 from 4.8 percent in 2012.

For the fourth quarter, NPI from ROW grew by 15.1 percent, the highest since the first quarter of 2010, from 2.7 percent the previous year resulting to GNI’s growth of 7.8 percent in 2013 from the previous year’s 6.4 percent.

From the third to the fourth quarter, seasonally adjusted GDP and GNI grew by 1.5 percent and 1.4 percent, respectively. Both the entire Agriculture sector and the Services sector grew by 0.7 percent from 0.8 percent and 1.6 percent, respectively in the previous quarter. On the other hand, Industry expanded by 3.2 percent due to the expansion of Manufacturing.

With the robust economic growth in 2013, per capita GDP accelerated to 5.4 percent from 5.0 percent in 2012. Likewise, per capita GNI grew in 2013 by 5.8 percent from 4.7 percent in the previous year.

Per Capita Household Final Consumption Expenditure (HFCE), on the other hand, decelerated to 3.9 percent in 2013 from 4.8 percent the previous year.

- See more at: http://www.nscb.gov.ph/sna/2013/4th2013/highlights.asp#sthash.tBPtyzse.dpuf

Our early projects are soaring high its ROI..

Current Condominium/Apartment rental rates in Mactan..These are stand alone condominiums not like township development in The Mactan Newtown

Basing on the research, these are stand alone condominiums which offers sea view and beach access.. The Mactan Newtown does not just offer beach access and sea view but provides a convenience to walk to different commercial strips, restaurants, allow your kids to study in international school, prevent boredom with our own lifestyle mall and entertainment establishments. Also The Mactan Newtown is considered to be the first tourist hub and cyberpark in the island, enticing expats, businessmen and employees in the call center to rent your unit or buy it.

The Department of Tourism is projecting revenues from domestic tourism to hit P1.4 trillion in 2014, higher by P110.6 billion of the expected earnings from domestic tourism in 2013, due in large part to a forecasted increase in the daily expenditures by domestic tourists.

The DOT estimates domestic tourists to reach 47.7 million in 2014, up from 44.1 million in 2013. The average length of stay of local tourists remains at approximately five nights. This is also a good indication for rentals.

THE past 12 months have been vibrant for Cebu’s tourism industry. Department of Tourism (DOT) 7 Director Rowena Montecillo said that as of September, Cebu recorded 1.7 million in tourist arrivals, up 11.07 percent from the 1.5 million tourists recorded in 2011.

Foreign arrivals to Cebu increased by 13.65 percent while domestic arrivals went up 9.26 percent. DOT 7 is expecting to hit two million tourist arrivals by yearend of 2012.