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Cebu conglomerate posts mixed results amid economic headwinds
The Freeman
|December 29, 2025
Cebu-based conglomerate AppleOne Properties Inc. closed 2025 navigating uneven conditions across its core businesses, with real estate and hospitality facing cyclical headwinds while healthcare delivered steady growth.
AppleOne Properties Inc. CEO Ray Manigsaca, said the year 2025 opened on a subdued note, particularly in the first half, as higher interest rates and cautious sentiment weighed on buyer activity. FILE PHOTO
In an interview with Chief Executive Officer Ray Manigsaca, he said the year 2025 opened on a subdued note, particularly in the first half, as higher interest rates and cautious sentiment weighed on buyer activity.
Momentum improved toward the latter part of the year, supported by demand from premium buyers and repeat clients of AppleOne's high-end projects, including Sheraton Cebu Mactan Resort and its mixed-use developments such as Mahi Center.
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