2 Bedroom Condo for sale in Cebu IT Park, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$370,360
20,925,364 PHP
PROPERTY TYPE
condo
BEDROOMS
2
BATHROOMS
2
Description
Discover the epitome of modern urban living in this luxurious condo with cityscape views, perfectly situated in 1016 Residences. This bright and airy apartment
features floor-to-ceiling windows, flooding the space with natural light and offering stunning city views. The contemporary design includes a modern kitchen with sleek white cabinets and black countertops, two spacious bathrooms, and comfortable bedrooms with balcony access. Enjoy your morning coffee or unwind after a long day on the private balcony, perfect for those who love outdoor spaces.
Experience the best of city living in this well-lit apartment with built-in closets and air conditioning units for year-round comfort. The open-plan living and dining areas are ideal for entertaining guests, and the convenient downtown
location provides easy access to local amenities, restaurants, and entertainment options. Don't miss the opportunity to make this contemporary apartment with natural light and modern
amenities your new home. Contact us today to schedule a viewing and see for yourself why this rental apartment is the perfect choice for you.
1016 Residences'
Amenities:
- Landscaped Gardens
- Kiddie Play Area
- Lobby Lounge
- Roof Deck
- Swimming Pool
- Function Room
- Sauna & Spa
- Gym
- Dining & Restaurants
- Business Center
- City Sports Club Cebu usage rights
Building
Features:
- Natural ventilation for common areas
- Inverter-type Air Conditioning
- Three Elevators (2 passenger, 1 service)
- Elegantly-designed lobby
- Mail Room
- Administrative Office
- Centralized sanitary disposal
- Direct access to City Sports Club Cebu
Security
Features:
- Fire Detection and Alarm System
- 24-hour security and maintenance
- Basement proximity card access
- 100% Back-up Power
Property ID: SRBTS14
Type: Condo for Sale
Location: Cebu City, Cebu Business Park, 1016 Residences
Bedroom: 2
Bathroom: 2
Floor Area: 98 SqM
Furnishing: Unfurnished
Parking Slot: 1 Car 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
Cebu Grand 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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