Life is too short to spend it working a job you don’t love. That’s why some people choose to retire and move to a place where they can enjoy the peace and prestige that comes with having a little wealth. Cebu is one of the best places to retire because you can live harmoniously with nature and within a community of warm, welcoming people.
However, It is tough to say when is the best time to retire. Some people might say 60 or 65, but experts say that if you are stressed, physically or mentally threatened by your job, you might want to retire early.
And if you think you are financially stable, you should go for it! It is great to be able to enjoy your retirement while you’re still young and vibrant. And if you have a true passion that you want to pursue, retiring can give you the opportunity to do that and still earn a decent living.
No matter what your retirement plans are, the Philippines has plenty of wonderful places to call home. If you are looking for a comfortable and peaceful retirement, here are just a few of the many great options Cebu has to offer.
Mactan Newtown
Operated by Megaworld Corporation, this township is a fully-developed community that offers its residents complete freedom to enjoy retirement. Located at the heart of Mactan, the township is only 45 minutes away from Cebu City and just 15 minutes away from the Mactan-Cebu International Airport.
Complete with modern amenities, the township stands within an island resort, so you will enjoy both the laid-back resort-style surroundings and the business friendly atmosphere.
San Remigio
San Remigio is often considered one of the cheapest retirement havens, but it’s also conveniently located near the beach. This area has many cheap properties (house, lot or both) and many are for rent. San Remigio boasts of having Cebu’s longest shoreline and its beaches are described as naturally “extra ordinaire”, where the sand is white and the water clear and pristine.
The beaches here are some of the best diving destinations in the world. Retiring here would be an adventure that never ends. Everything is relatively cheap, from food to luxury items. And there are marine sanctuaries all around, so you could float to the sea every day and discover all sorts of different sharks, manta rays and other exotic marine life. If you’re interested in diving, there are plenty of licensed divers and diving shops that can cater to your needs.
Alcoy
The Sola Homes Retirement Village Inc. in Alcoy, Cebu is near the popularly known Tingko Beach. This is where the sea-water is pure and the sand is immaculately white. The houses here could be purchased or rented, where one can choose from bungalows, apartments or a two story abode.
Built and managed by a respected Filipino-German partnership, the village will not make you idle during your retirement years. This place is full of activities that you could choose from, such as fishing and snorkeling on the beach. Life is not really boring after retirement when you choose to live in Cebu.
Busay
The City Lights Garden Condominium in Busay, Cebu is Syntech Properties, Inc. of Singapore’s initial housing project in the area. The condominium type abode is complete with amenities ranging from swimming pool, sauna (separate for men and women), gym, children’s playground and multi-purpose hall, among others. Additionally, the place is near to almost all the necessities of life. These include hospitals, schools, shopping centers, universities, airport and seaport, recreation and others.
Balamban
Balamban Cebu is renowned for its beautiful scenery. It’s a rare paradise, especially for a city. The Singapore-based developer Syntech Properties, Inc. and their local counterpart initiated this project in Balamban to bring this paradise to more people.
This project is called the Active Retirement Community and Organic Farm. It is made up of 66 house and lot units. It’s expected to be completed within seven years, and it’s designed for active retirees. The community is in a mountainous area, and it offers an active retirement for clients.
This means that they have the opportunity to nurture and farm their lot through organic techniques. Not only will this be good for their health. But they will also get to enjoy the fruits of their labor.
Retirement Checklist
While it’s not the most fun thing to think about, building up an emergency fund is important. You’ll see people in Cebu who have come across financial emergencies. And many of them didn’t have the buffer they needed to weather the storm. So, start putting away a little bit of money each month into a savings account that you’ll only touch if there’s a real emergency.
Obtaining health insurance is often a wise decision. Health insurance can seem like a luxury, but it is essential in the Philippines. With this, you will need to pay for treatment or medicine in full and at the time of service. Some countries allow payment plans. But in the Philippines, if you do not have health insurance and need to obtain hospital treatment or medicine, you will need to pay in full.
Key Takeaway
Cebu is a beautiful location in the Philippines and perfect for retirees. The Philippines has many benefits that make it attractive to retirees such as its accessibility to beaches, warm and welcoming locals, low cost of living, and modernized lifestyle.
