Cebu IT Park is a 27-hectare PEZA-registered business park in Cebu City, Philippines, developed by Cebu Property Ventures and Development Corporation (a subsidiary of Ayala Land) to serve as a hub for information technology and business process outsourcing companies.
Market Profile
Cebu IT Park ranks among the Philippines' top commercial districts outside Metro Manila. Key market data includes:
- Total Land Area: 27 hectares (67 acres)
- Location: Apas, Cebu City (formerly the site of Lahug Airport)
- PEZA Status: Designated as an Information Technology Special Economic Zone via Presidential Proclamation No. 12 (February 27, 2001)
- Average Office Rental Rates: PHP 700/sqm and above
- Developer/Operator: Cebu Holdings, Inc. (Ayala Land subsidiary)
Major locators include multinational corporations such as Accenture, IBM, Concentrix, JP Morgan Chase, Microsoft, and Teleperformance.
Key Infrastructure
The business park features mixed-use developments:
- Office Buildings: Skyrise Towers 1-4, E-BLOC 1-4, TGU Tower, Filinvest Cyberzone Towers, Cebu Exchange Tower
- Retail: Ayala Malls Central Bloc, Sugbo Mercado (night food market)
- Residential: Asia Premier Residences, Avida Towers Cebu, 38 Park Avenue
- Hospitality: Seda Hotel
Key Regulations
Properties within Cebu IT Park fall under specific regulatory frameworks:
- PEZA Incentives: Locators may qualify for tax holidays, duty-free importation, and other fiscal incentives under the Philippine Economic Zone Authority
- Title Type: Units typically carry a Condominium Certificate of Title (CCT) for office condominiums
- Real Property Tax (Amilyar): Subject to Cebu City local government assessment
- Association Dues: Building-specific, covering common area maintenance and security
Relevance to Real Estate Investors
You can track pricing patterns and property performance within Cebu IT Park using platforms like iRealtee. The district offers:
- High rental yields driven by BPO demand
- Strong tenant retention from multinational companies
- Mixed-use developments supporting live-work-play lifestyles
- Proximity to Cebu Business Park, another Ayala Land development
For buyers and real estate service practitioners, Cebu IT Park represents a mature market with established price benchmarks and consistent occupancy rates.
Property Listings
Browse available properties in Cebu IT Park: /for-sale/cebu/cebu-city
Related Terms
- Special Economic Zone
- Condominium
- Real Property Tax
- Transfer Certificate of Title
- Business Process Outsourcing
References
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