1 Bedroom Condo for sale in Banilad, Cebu, Mandaue, Cebu
Cebu, Philippines
Guide Price
$53,097
3,000,000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
Midori Residences for Sale Studio Unit in Banilad, Mandaue City, Cebu
░░ FOR SALE ░░
Preloved 1-Bedroom Corner Unit – Midori Residences
A.S. Fortuna Street, Banilad, Mandaue City, Cebu
➤ PROPERTY
OVERVIEW
We’re selling our cherished 30 sqm corner unit at Midori Residences. This is a rare corner unit (only one per floor), bigger than the standard 22 sqm studio. It’s located on the 7th floor, next to the fire exit, near the elevator, and has only 2 adjacent units, giving you added privacy and convenience.
Higher-floor living also means fewer mosquitoes, which is especially ideal during rainy season and amid rising dengue cases.
➤ SELLING DETAILS
■
Selling Price: ₱3,000,000 (All-in)
■
Inclusions: All furnishings, appliances, and fixtures
■ Interior: Fully renovated with modern design
➤
PROPERTY DETAILS
■ Operation Type: For Sale
■ Property Type: Condominium / Studio
■ Project Name: Midori Residences
■ Total
Floor Area: 30 sqm
■ Bedrooms: 1
■ Toilet & Bath: 1
■ Parking Space: 1
■ Furnishing: Semi - Furnished
➤
AMENITIES
■ Adult Lap Pool & Kiddie Pool
■ Fully Equipped Fitness Gym
■ Multi-Purpose Clubhouse
■ Lobby Lounge & 24/7 Reception
■ Guardhouse with 24/7 Security
■ CCTV Surveillance in All Common Areas
■ On-Site Laundry Shop
■ Individual Mailboxes
➤ SURROUNDINGS &
ACCESSIBILITY
░░ • Cebu Home & Builders Center
░░ • Peace Adoration Convent
░░ • Banilad Town Center
░░ • Oakridge Business Park
░░ • Gaisano Country Mall
░░ • UC Banilad / Gullas College of Medicine
░░ • Vicente Gullas Health Resort
░░ • PAREF Southcrest School / Bright Academy
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
Tesha Montero
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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