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The increase would work out to an additional $85 per year on an average assessed home on the city's portion of property taxes

The increase would work out to an additional $85 per year on an average assessed home on the city's portion of property taxes

The property is developed by Cebu Landmasters Inc. and managed by The Ascott Limited Philippines.

Shares in estate agent fall sharply amid concerns over possible property tax changes

Billions in investment and major infrastructure upgrades drive renewed investor confidence across the province.