Back to Cebu, Philippines

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

1 Bedroom Condo for sale in Mactan, Cebu, Lapu-Lapu, Cebu - Photo 2
1 Bedroom Condo for sale in Mactan, Cebu, Lapu-Lapu, Cebu - Photo 3
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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 Maps

Living 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
See all Philippines listings

Philippines at a glance

How Philippines scores for American expats

💰Cost of Living
Affordable
🛡️Safety
Use caution
🗣️English Spoken
Widely
🏥Healthcare
Basic
🌬️Air Quality
Poor
📶Internet
Slow
🚶Walkability
Moderate
🚇Transit
Limited

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.

1

Understand the buying rules

Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.

2

Sort out your visa

Owning property doesn't give you the right to live there. Research residency options before you buy.

3

Plan your finances

Understand currency risk, international wire transfers, and whether you can get a local mortgage.

4

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.

5

Set up healthcare

Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.

6

Run the full checklist

Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.

Source

DotProperty.com.ph

Portal listings

Currency

PHP