CEBU, Philippines — The Bureau of Internal Revenue in Central Visayas (BIR-7) is stepping up efforts in detecting unregistered Airbnb or short-term property rentals, Regional Director Douglas A. Rufino said on Tuesday, October 9, 2024. BIR has noticed the widespread use of condo units and other real properties converted into Airbnb units that are often unregistered and are not paying taxe...
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Philippines: Developer Riza Roble Hu is building 88th Avenue, a 10-storey high-end serviced apartment and hotel close to the Cebu IT Park. Stuart Shaw, sales and marketing director of 88th Avenue, said the tower will have 108 keys: “We’ve got a combination of a serviced apartment and hotel. We have a ground floor where there are bars and restaurants and a second floor for...
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Michelin Guide said these two hotels 'set a new tone for luxury in Cebu' and offer 'intuitive service.' The prestigious restaurant and hotel rating system, Michelin Guide, recognized two new Filipino hotels that reflect the country's outstanding hospitality and world-class service. In June, two hotels in Cebu made it to the cream of the crop -- NUSTAR Hotel Cebu and Dusit...
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CEBU, Philippines — Cebu remains a more affordable place to live than Metro Manila, with significantly lower costs in rent, dining, and daily expenses, according to the latest cost-of-living data from Numbeo. However, questions remain on whether this cost advantage is enough to attract businesses and professionals away from the capital. Cebu vs. Manila: A cost-of-living breakdown As...
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The average gross rental yield in the Philippines stands at 5.12% (Q1, 2025). Previously, in Q3 2024, the rental yield was 5.36%. Cities compared Manila Cebu Historical rental yields in the Philippines View the full rental yield dataset (2023 - Present) Last Updated: Mar 26, 2025 Next Update: August. 2025 METRO...
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