How I wish Cebu would put up an IKEA Store, or a copycat of that (haha!). I will drown in happiness there. For now, the closest that I could find is a local shop named PROJEKT. From my research, it's Filipino-owned, probably by talented Cebuanos.
The store is located at Parkmall, and it carries modern flat-packed affordable furniture and accessories that are fit for tight-spaced homes. Their products are quite ingenious and the prices are super affordable!
To know more about their products, visit their multiply store myprojekt.
Some of the items I like: