Land for sale in Banilad, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$431,416
24,375,000 PHP
PROPERTY TYPE
land
BEDROOMS
1
BATHROOMS
1
Description
A rare investment opportunity awaits in one of Cebu City’s most dynamic and high-value districts. This 375-sqm corner lot is strategically located behind Gaisano Country Mall and just before Montebello Hotel, placing it at the heart of Banilad’s commercial and lifestyle hub. Offered at ₱65,000 per sqm, this property presents strong growth potential for both investors and end-users.
Surrounded by established commercial centers, schools, and business districts, the site offers excellent foot and vehicle traffic—ideal for mixed-use development, such as commercial units on the ground floor with residential or rental spaces above.
Location
Advantages:
• Walking distance to University of Cebu – Banilad
• Minutes away from University of San Carlos, Cebu IT Park, Ayala Center–Cebu Business Park, and A.S. Fortuna Street
• Easy access to retail, dining, schools, hotels, and transport networks
Whether you're planning to build a long-term income property or secure premium land in a thriving district, this lot offers prime positioning and promising returns.
When you inquire, mention the Reference Code: FEH 1316.
Updated: March 19, 2026 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
Fareast Habitat and Settlements. Inc.
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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