1 Bedroom Condo for sale in Luz, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$318,584
18,000,000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
2
Description
For Sale — Fully Furnished 1BR Condo at The Alcoves, Ayala Center Cebu
23rd Floor | With Balcony + Parking | Prime CBD Address | Ready to Move In
Live in one of Cebu’s most prestigious residential towers — The Alcoves — directly connected to Ayala Center Cebu and nestled within the upscale Cebu Business Park district. This rare fully furnished 1-bedroom unit on the high 23rd floor offers premium finishes, functional interiors, and sweeping city views — ideal for end-users, investors, and executives seeking an Ayala-developed, highly secure, and high-value property.
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Property Details
Floor Area: 60 sqm
≈ 646 sq ft
Floor Level: 23rd Floor (High floor, premium positioning)
Bedroom: 1 Bedroom (fully furnished)
Balcony: ✔ Yes (outdoor living + natural light)
Parking: ✔ 1 Dedicated Slot
Unit Condition: Fully Furnished / Move-in Ready
Project: The Alcoves, Ayala Center Cebu
Status: For Sale | Complete Papers
Selling Price
₱18,000,000
Approx. USD: ~$306,000 (FX-dependent)
A strong value offering considering location, furnishings, and building prestige.
Why This Unit Stands Out
✔ High-floor unit with city skyline views
✔ Fully furnished — move in or lease immediately
✔ With balcony + parking (increasing value & rentability)
✔ Located above Ayala Center’s premier retail & dining hub
✔ Strong rental demand (executives + expats)
✔ Low resale inventory at The Alcoves — rare availability
✔ Premium Ayala-developed CBD estate ensures appreciation
This unit is both a lifestyle purchase and an investment-grade asset.
Building
Amenities
Adult & Kiddie Pools
Fully Equipped Gym
Function & Events Rooms
Concierge & 24/7 Security
Property Management Office
Direct connection to Ayala Center Mall
Designed for high-end urban living with unmatched convenience.
Prime
Location +
Nearby Landmarks
Located at the heart of Cebu Business Park, surrounded by business, lifestyle, healthcare, and hospitality destinations:
� At Your Doorstep
Ayala Center Cebu
Ayala Terraces Dining
Ayala Cinemas
�♂ Walking Distance
Cebu Business Park Offices
Seda Ayala Hotel
Marriott Hotel
� Within 5–10 minutes
Cebu I.T. Park
SM City Cebu
Landers Superstore
Parklane Hotel
Perpetual Succour Hospital
Mandarin Hotel + Seda Residences
� Within 25–40 minutes
Mactan–Cebu International Airport (MCIA)
Cebu–Mactan Bridge & SRP Corridor
This address is unmatched in connectivity, lifestyle convenience & business accessibility.
� Perfect For
✔ Expats & executives
✔ Foreign retirees
✔ Investors seeking strong rental yields
✔ Airbnb & long-term leasing
✔ Corporate housing
✔ Second home / city base buyers
✔ OFW & HNWI buyers
� Investment Advantage
High leasing demand from expats & corporate tenants
Strong capital appreciation in CBP estates
Limited luxury condo inventory in Cebu CBD
Direct Ayala mall
location ensures premium valuation
The Alcoves ranks among Cebu’s most stable & appreciation-proof condo assets.
� Inquire To
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
PH PRO REALTY
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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