Outsourcing, expenses, ASEAN summit & other crap
Comparing the QUALITY of real estate, condos houses etc to US and other Developed nations is hard to do, remember that most houses here are made of LOCALLY PRODUCED material which is all that great. I'v'e been in P10 Mil homes and the pipes leak and toilets dont flush just like they dont in some
low cost Luan/plywood tin roof deal in a a squatter area.
I often mention "foreigner" grade houses that means that you have a roof that doesn't leak, plumbing that kinda works and breaker switches instread of a jury rigged circuit box. Probably has a tile floor and US style appliances perhaps even a frost free fridge and a microwave oven, the "biggie" is a hot water heater so you dont have to heat up water with a tea kettle and pour in a pail to take a bath. These are the best you can hope for. I've seen some houses where they get down right gaudy with the architecture and fixtures.
Many of the Condo's I've seen in the Cebu area are nice, if you want to live in a condo, personally I couldn't stand it, but the up side is that you can "own" it in a sense w/o a Wife, rather its like a 50 year lease. Rule of thumb here concerning cost is: ALL THINGS ARE DETERMINED in SQUARE METER (sqm2) Houses generally go for between P3500 to P10,000 per SQM2 in Cebu, cheaper else where, (Davao) Raw land also in that range depending on location.
Many small developments like Ayala land, Pryce corp etc are selling house and lot packages most of the houses/lots are the 110 to 150 SQM2 range.
with many payment plans and built to suit with 20% down. Once again your wife can own TITLE to the land, you can't.
I've got a lot of hopes for this ASEAN summit, hope they get more international business going in CEBU, I personally feel the potential for business here is many times greater than in Manila and Davao is just oo out of the way, sorry.
Outsourcing, Im suprised MORE outsourcing by US companies is not being done in the Phils, it seems India is getting a lot of that business. My understanding is also that some is being done in Manila, once again with all the good schools here and eager young talent I think Cebu would be an excellent place for any sort of outsourcing. A few years back I met a guy in Davao who was trying to start outsourcing in Davao, plenty of qualified applicants, but I don;t know why he never got off the ground.
Regards
Spamhog
Thanks to Spam Hog and Cebu Local for Excellent Intel
Spam Hog and Cebu Local:
I wish to offer a sincere thank you for taking the time to document and share some very helpful economic intel for guys like myself who are considering retiring in Cebu in the future. Really some good insights here! Would be happy to buy you guys a round or two then next time I am in Cebu, although at this point it is uncertain as to when that will be.
Cebu Local, I have gone through some of your posting history, and we share a lot of things in common in terms of relationships and geography. I am certain that we could have some interesting talks one day. Sorry that I missed when I was in Cebu back in February.
Raz