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Growing acceptance of cremation sparks opportunities in Cebu's memorial property market

Growing acceptance of cremation is creating new opportunities in Cebu’s memorial property market, with younger buyers increasingly viewing memorial spaces as long-term investments. A P150 million columbarium project in Cebu City is among the developments responding to the changing demand, with the one-hectare memorial estate planned to accommodate up to 20,000 vaults. Cebu Seven Fields Realty Inc. said nearly 20 percent of the project's inventory has already been sold, with millennials making up a significant portion of its buyers.

VIDEO BY KAISER JAN FUENTES

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Transcript
00:00It's just a little bit of a pet.
00:01It's just a little bit of a pet.
00:03So, how many trailers for this?
00:05What size size is the pet?
00:10Pets are a little bit smaller.
00:12Up to 6.
00:16Up to 6.
00:16It depends on the size of the dog.
00:20So, you can make a white wine
00:21so you can make a white wine.
00:23So, this will be covered by vines
00:25and you can put it in Calcilang Cavite.
00:29It's not visible.
00:31What's that?
00:33It's a sample.
00:34It's a sample.
00:37This is a flame granite.
00:40It's used for molds.
00:41It lasts for 500 years.
00:43It's very heavy.
00:47This is very heavy.
00:4840 kilos.
00:5030 kilos.
00:50Then it's a slab.
00:52It's a frame.
00:54How many more?
00:55One hectare is a total.
00:58Why?
00:59This is Calculpins.
01:00This is Calculpins.
01:00This is a soft spot.
01:02This is a premium.
01:03This is a 300.
01:04This is a premium.
01:06This is a high level.
01:07This is a Calculpins.
01:08This is a low level.
01:10This is a 9 level.
01:12This is a cow.
01:13It's not a cow.
01:14This is a tree.
01:15This is a trellis.
01:18So...
01:18Considering, are we talking about private now, the memorial park?
01:23Okay, private is Sen Park, that's easily half a million for one class.
01:29And then you have the casket, the wake pack, the burial fee, so that's easily 800,000.
01:36If you look at Colombari investment, number one, you only pay for the cremation, which is as low as 30
01:46,000.
01:47Na e-cremation na 30,000.
01:50Hapok.
01:52Wait, where did you call the rest work?
01:5430,000.
01:59Kanya, kung wala niya siya'y cremation plan, ha?
02:03So if you're prepared with a cremation plan, that's 60,000.
02:07What do you mean cremation plans?
02:09Si St. Peter offers cremation plans.
02:11So, it's a very good one.
02:13I feel like the wage.
02:15Earn the display during the wage.
02:18Before the cremation plan, you can pay for it.
02:21It's a lot of money.
02:22With, with, uh, uh, anolang.
02:25So as low as 30,000.
02:26Plus, the, uh, bolt itself is as low as 125,000.
02:42So as high as 300,000.
02:54Compared to the private and traditional.
02:58And, remind, yeah.
03:01300,000.
03:02Yes.
03:03And, remember, it's only 4, uh, ash remains.
03:07So, typically, 125 divided by 4, that's just 30,000.
03:14So we'll have, like, uh, maybe 20 square meter area.
03:1920 to 40 square meters.
03:21Yeah.
03:21And then, it will have its own pantry.
03:23Its own toilet.
03:24Aircon.
03:25So when it's, uh, special occasions.
03:27Birthday.
03:27They will take up the...
03:30Yes, exactly.
03:31And we're young.
03:32Yes.
03:33That's how it is.
03:35They can get it.
03:36They can get it.
03:38Yeah.
03:38Yeah.
03:39Uh, well, it's like, just the ordinary university birthday.
03:44So, we'll have space.
03:45The place, we call it the Cabanas.
03:47We call it the Cabanas.
03:49We call it the Cabanas.
03:50We call it the Cabanas.
03:50We call the project one.
03:51The Morocio.
03:51Activities Center.
03:53Morocio Resort Global.
03:54Well, private, uh,
03:57resort, culoval.
03:58That's right.
04:00That's right.
04:01So, we're looking at six.
04:03Uh, we're just finalizing the table.
04:06Wait for inside and then outside, not make one.
04:08Sir, wait.
04:09Ang Cabanas is mine or is a common area?
04:13so we the company will own it and then we rent it out
04:19let's say birthday is much smaller 24
04:33death anniversary anniversary birthday
04:39so we're looking at family services three times a year
04:43maybe
05:07we're looking at family services three times a year
05:09you

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