2 Bedroom Condo for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$813,466
45,960,825 PHP
PROPERTY TYPE
condo
BEDROOMS
2
BATHROOMS
3
Description
Aruga Resort and Residences – Mactan is Rockwell Land’s first premier residential resort development in the South, and is considered one of the developer’s crown jewels outside Metro Manila.
Situated in Mactan Island—a renowned destination for sailing and snorkeling—Aruga Resort and Residences offers a unique blend of luxury living and resort-style adventure both within and beyond the community.
Residents and guests can enjoy exclusive access to a 270-meter stretch of private white sand beach, complemented by breathtaking views of the Hilutungan Channel and Magellan Bay.
The development is composed of four major components:
• The First Residential Tower
• The Hotel
• The Villas
• The Second Residential Tower
The First Residential Tower will rise to 20 physical floors, offering a selection of 1-Bedroom, 2-Bedroom, and 3-Bedroom units. The building will also feature special 3-Bedroom and 4-Bedroom deck units, each designed with its own private pool area for a truly elevated resort living experience.
As of the first quarter of 2026, construction is currently progressing toward finishing works and have started turnover of the units on the lower floors.
If you would like to learn more
about this exceptional development, feel free to contact us to schedule a site visit or a virtual presentation.
God bless. 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) — 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
Eric Michael Dela Torre
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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