Land for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$796,460
45,000,000 PHP
PROPERTY TYPE
land
BEDROOMS
1
BATHROOMS
1
Description
Prime Commercial Land for Sale in Mactan, Cebu | Near Mactan Newtown & Shangri-La Resort
Own a rare development opportunity in the heart of Mactan’s most prestigious tourism and investment corridor.
This premium commercial land in Mactan, Lapu-Lapu City is perfectly positioned between Mactan Newtown and Shangri-La Mactan Resort, just a short walk from the iconic Lapu-Lapu Shrine. Surrounded by luxury resorts, international brands, and high-traffic tourist destinations, this property offers exceptional visibility, accessibility, and long-term capital growth.
Whether you’re a local developer or an international investor, this site presents the ideal foundation for a high-yield hospitality, retail, residential, or mixed-use development.
PROPERTY
OVERVIEW
Property Type: Prime Commercial Land
Location: Mactan Island, Lapu-Lapu City, Cebu, Philippines
Lot Area: 1,032 sq.m
≈ 11,108 sq.ft
Zoning: Commercial (multiple development options)
Title Status: Clean Title | Ready for Transfer
WHY THIS PROPERTY IS A STANDOUT INVESTMENT
Unmatched
Location & Visibility
Walking distance to Mactan Newtown, a thriving township with offices, condos, and retail
Minutes from Shangri-La Mactan Resort, one of Cebu’s most prestigious luxury resorts
Near Lapu-Lapu Shrine, a major cultural and tourist landmark
High daily foot traffic from tourists, expatriates, and local residents
Excellent road access and transport connectivity
Flexible Development Potential
This commercial lot is ideal for:
Boutique hotel or serviced apartments
Retail strip, dining hub, or lifestyle center
Mixed-use development (residential + retail + hospitality)
Corporate offices or commercial complex
Investment-Ready & Future-Proof
Clean title ensures smooth and secure transaction
Located in a high-growth tourism and business zone
Surrounded by continuous infrastructure and luxury developments
Strong potential for rental income, resale value, and capital appreciation
PRICE & VALUE
Asking Price: PHP 45,000,000
Approx. USD: ~USD 800,000 (based on prevailing exchange rates)
An exceptional value for a prime commercial land parcel in one of Mactan’s most sought-after locations—where land supply is limited and demand continues to rise.
� WHY INVEST IN MACTAN, CEBU?
Mactan remains one of the Philippines’ strongest real estate and tourism markets due to:
Continuous growth in international tourism
Immediate access to Mactan-Cebu International Airport
Presence of world-class resorts, business hubs, and townships
Rising land values and strong demand for commercial and hospitality developments
This property offers a strategic, future-proof investment with excellent upside potential.
� INQUIRE TODAY | SITE VIEWING BY APPOINTMENT
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Message now to receive full property details, zoning information, and to schedule a private site inspection.
� DISCLAIMER
Price, availability, and
property details are subject t
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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