Land for sale in Punta Princesa, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$619,469
35,000,000 PHP
PROPERTY TYPE
land
BEDROOMS
1
BATHROOMS
1
Description
ππππ COMMERCIAL πππ π ππ ππππ at 35M NET OF TAXES. INCOME GENERATING PROPERTY.
ππππ πππ π ππ ππππ at 35M Net of Taxes
Lot Area: 685 sqm w/ 2 old building
Location: Punta Princesa Cebu City
(Beside 1212 SOUTH DRIVE)
- With frontage of 13.94 meters
- along the road
- Ideal for commercial use / Hotel building
- Exclusive Listing & for Direct Clients only
Punta Princessa Commercial Property
location and travel time to landmarks and important establishments
οΏ½ 1 minute to Lourdes Church & Public Market/Restaurants/Banks in Punta Princessa
οΏ½ 2 minutes to Super Metro Mambaling
οΏ½ 3 minutes to CIT University & Don Bosco
οΏ½ 5 minutes to Saint Anthony Mother & Child Hospital
οΏ½ 7 minutes to Sm Seaside Arena
οΏ½ 8 minutes to MHAM Medical Center
οΏ½ 9 minutes to Vicente Sotto Hospital & Fuente OsmeΓ±a Circle
οΏ½ 10 minutes to Chonghua Hospital
οΏ½11 minutes to USJR, UC, UV & USC main
οΏ½ 14 minutes to Cebu Port
οΏ½ 37 minutes to Mactan Airport Telephone number: View Phone
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) β 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) β requires $75,000 investment in Philippine securities. No age minimum. Both offer permanent residency.
Learn more: The Complete Guide to Moving to the PhilippinesβKey Fact
English is an official language and widely spoken β 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 AbroadβPhilippines 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
- Β·Transfer tax: 0.5-0.75%
- Β·Documentary stamp: 1.5%
- Β·Capital gains tax: 6% (seller, but often negotiated)
- Β·Registration: ~0.25%
- Β·Notary: ~0.5%
Annual Costs
Property Tax
1-2% of assessed value (varies by city)
Insurance
β±5,000-15,000/yr
HOA / Condo Fees
β±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 β 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 β yours.
Contact Agent
AMISTAD PROPERTY MANAGEMENT SERVICES
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 β the complete pre-move checklist.
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