Is buying a resort with an area of 1.2 hectare in northern cebu phils is a good investment?

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A property is offered 22M pesos in Philippine money is a huge amount for a 1.2 hectare of land in cebuphils. Usi g this for business is a gamble. I hope I got so e advise.

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Oct 13 2016 Agent
7 Contributions
(2 reviews)
For me it depends on your length of investment. Cebu is a developing province and over time it will definitely go up in value. However, in the short term it might be hard for investors to realize their gains when you are too far north as much of the construction seems to be focused in the Cebu/Mactan areas for now.