1 Bedroom Condo for sale in Mactan, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$226,549
12,800,000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
The REEF ISLAND RESORT - Hotel & Residences Mactan.
We only have a few units left: (two) (1BR left) ready for occupancy. These units have huge floor areas and wide balconies your family can enjoy. We also have available (two) studio units with a balcony. Please see attached actual photos for our deliverable studio unit.
Here are the
advantages of getting a Reef Residential unit.
• Reef is located very near the airport.
• Mactan is self-sufficient with Newtown Township
nearby where you have Save More grocery, Watson pharmacy, two 7-Eleven convenience stores, restaurants, coffee shops and outdoor food outlets.
• Lapu-Lapu City also has several malls; nearest are the Island mall, Gaisano & Marina mall.
• The hotel has already been operating since November 2022.
• The REEF offers first-class
amenities and total luxury lifestyle living.
• All units will have glass walls, glass railings and glass sliding doors facing the sea (east). Ample balconies are provided to every unit to extend the living space outdoors.
• An award-winning restaurant (The Kitchen) & The Bakery were already operating in the lobby. Abaca Group is renowned to be one of the best restaurants in the country and even Asia. They operate a boutique hotel with function rooms, gym, spa, and sky lounge bar.
• Huge infinity pool overlooking the sea. There will be a lounge area on the boardwalk that directly connects to the beachfront/sea.
• A full range of aqua sports
facilities (jet ski, speed boats, wakeboarding, kayak, hobby cat sail, water playgrounds, etc.) will be offered as basic features.
• Homeowners have the option of buying their own watercraft and they can buy a parking slot downstairs.
• Association dues at P 130 per square.
If you are interested in this property, please feel free to message us at VIBER/WHATSAPP: View Phone
.
Thank you and God bless.
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
Haller International 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.
DotProperty.com.ph
PHP