1 Bedroom Condo for sale in The Reef Island Resort, Mactan, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$176,991
10,000,000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
๏ฟฝ FOR SALE OCEAN VIEW CONDO THE REEF MACTAN ๏ฟฝ
The Reef Residences 16th floor with Great Ocean View studio unit with wide Balcony
For Sale: 12M Including all taxes and fees
Layout: Studio
SQM: 45sqm
Floor: 16th Floor
View : Sea View
Location : Beach front
Unit Conditions: Furnished
Move-in date: Ready to move in
Unit Details
TV
Refrigerator
Bed
Sofa/Sofa Bed
Closet
IH Induction
Kitchen Cabinet
Bathtub
Split type aircon
COMMON AREA &
AMENITIES
Swimming pool
Concierge
Fitness gym
Beach
Cafe
Restaurant
24 hours security guard
CCTV
Shop around this condo
Supermarkets
Banks
ATMs
Hospitals
Restaurants
Cafes
For more info and unit viewing please send us message or contact:
Whatsapp: 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) โ 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) โ requires $75,000 investment in Philippine securities. No age minimum. Both offer permanent residency.
Learn more: The Complete Guide to Moving to the PhilippinesโKey Fact
English is an official language and widely spoken โ 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 AbroadโPhilippines 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
- ยทTransfer tax: 0.5-0.75%
- ยทDocumentary stamp: 1.5%
- ยทCapital gains tax: 6% (seller, but often negotiated)
- ยทRegistration: ~0.25%
- ยทNotary: ~0.5%
Annual Costs
Property Tax
1-2% of assessed value (varies by city)
Insurance
โฑ5,000-15,000/yr
HOA / Condo Fees
โฑ3,000-10,000/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 โ 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 โ yours.
Contact Agent
Loida O'donovan
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 โ the complete pre-move checklist.
DotProperty.com.ph
PHP