1 Bedroom Condo for sale in Cebu IT Park, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$244,344
13,805,432 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
Envision a
location where the Park intersects with the City, where East and West merge into a breathtaking vista.
Positioned on a bustling street in Cebu I.T. Park, a stunning architectural achievement inspired by New York City awaits - 38 Park Avenue by El Camino Developers Cebu, Inc.
The units are carefully crafted and positioned to offer a magnificent panoramic view of Cebu.
QUICK FACTS:
- 38 Residential Floors
- 3 Levels of
Amenities on the 26th to the 28th floor
- 2 Main Lobbies (East & West)
- 8 Elevators
- 3 Levels Basement Parking
- A grand atrium at the center of the tower
- Ultra-exclusive VIP Units
MAIN
FEATURES:
745 units
Studio
1 Bedroom
2 Bedroom
3 Bedroom
Penthouse
1,280.00sqm. Building Floor Plate
Balcony on Select Units
Parking Slots
AMENITIES:
Garden Atrium
High Ceiling Lobby
Swimming pool
Showers
Fitness gym
Lounge areas
Multi-function hall
BUILDING
FEATURES:
24 hour security
CCTV System
Property Management Services
100% Back-up Power
MRF (Materials Recovery Facility)
FDAS (Fire Detection Alarm System)
Automatic Sprinkler System
Domestic Water Tank
1 BEDROOM
List Price: Php 12,875,400.00
Less Promo Discount Php 100,000.00
Transfer & Registration Charges Php 1,030,032.00
Net Total
Selling Price: Php 13,805,432.00
Reservation Fee: Php 50,000.00
10% Downpayment from TCP, net of reservation fee Php 1,332,000.00
spread over 36 Months at Php 37,000.00 per Month
90% Balance Cash or Bank Financing Php 12,423,432.00
Interested? For more details and unit viewing,
Christopher T. Plamos, REA, REB
Real Estate Broker PRC License No. 31369
Real Estate Appraiser PRC License No. 9633
Disclaimer: The availability of the unit as well as the price may change without prior notice.
Location
Open in Google MapsLiving in Cebu
Island-hopping on weekends, karaoke as a national religion, and a Filipino hospitality so genuine that you will be adopted by your neighbor's entire extended family before your first month is over.
Visa
SRRV (Special Resident Retiree Visa) — available from age 40+. Requires $15,000-50,000 deposit depending on age and pension status. Grants indefinite stay with multiple-entry privileges. SIRV (Special Investor Resident Visa) — requires $75,000 investment in Philippine securities. No age minimum. Both offer permanent residency.
Learn more: The Complete Guide to Moving to the Philippines→Key Fact
English is an official language and widely spoken — making the Philippines the easiest Asian country for American expats to navigate daily life. Private healthcare is excellent and affordable, but infrastructure outside Manila can be underdeveloped.
Learn more: The Cheapest Cities to Live Abroad→Philippines at a glance
How Philippines scores for American expats
Cost of buying in Philippines
Estimated fees and ongoing costs for this property
Closing Costs
5-8% of purchase price
- ·Transfer tax: 0.5-0.75%
- ·Documentary stamp: 1.5%
- ·Capital gains tax: 6% (seller, but often negotiated)
- ·Registration: ~0.25%
- ·Notary: ~0.5%
Annual Costs
Property Tax
1-2% of assessed value (varies by city)
Insurance
₱5,000-15,000/yr
HOA / Condo Fees
₱3,000-10,000/mo for condos
Good to Know
Agent Fees
Seller pays (3-5%)
Foreign Buyer Note
Foreigners CANNOT own land. Can own condo units (max 40% foreign quota per building). Houses possible via long-term lease or Filipino spouse.
Legal help in Philippines
Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.
Need a local attorney in Philippines?
We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.
Contact Agent
Christopher T. Plamos, REA, REB
Next steps for moving to Philippines
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
Know your tax obligations
US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
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