2 Bedroom Condo for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$728,295
41,148,651 PHP
PROPERTY TYPE
condo
BEDROOMS
2
BATHROOMS
4
Description
Aruga Mactan Resort and Residences by Rockwell boasts of its long stretch of private white beach as well as an offering of a wide range of units to choose from 1-bedroom units to 4-bedroom units, you and your family can find the piece of paradise that best fits your lifestyle.
A 300-room resort in Punta Engano, Mactan, Cebu carrying the Aruga brand. The resort will have a 250-meter beachfront facing the Hilutungan Channel.
This development will feature a private stretch of beach, hotel, residential towers, private villas and resort
amenities sharing nearly half a kilometer long beachfront built for the perfect getaway – all under the care of Rockwell’s impeccable service.
There will be sky suites on the upper floors with panoramic views of the 250-meter beachfront. It will also have private villas with direct access to the beach.
Developer: Rockwell Land Corporation
Target Turnover: March 2025
Floor Area: 99sqm.
Price at: Php 31.3M+
2 BEDROOM CORNER
with 1 Parking Slot
Payment Term: 10-5-5-80
Payment Options:
Option 1. Full Payment within 30 Days
Total Price: Php 40,874,898.00
3% Cash Discount: Php 1,226,246.94
Total Contract Price: Php 39,648,651.06
& (1) Parking Slot Php 1,500,000.00
Total Contract Price: Php 41,148,651.06
Reservation Fee: Php 100,000.00
Cash Payment: Php 41,048,651.06
Option 2. 10% Spot Downpayment, 5% for 11 Months, 5% Lumpsum on Month 5, 10, 80% Balance
Reservation Fee: Php 100,000.00
10% Downpayment: Php 4,137,489.80
5% Monthly Amoritization for 11 Months at Php 192,613.17 per Month
5% Lumpsum on Month 5, 10 Php 1,059,372.45
80% Balance Php 33,899,918.40
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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