1 Bedroom Condo for sale in Cebu IT Park, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$115,044
6,500,000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
New Studio for Sale in 38 Park Avenue
Imagine a place where park meets the city. And where East and West are one in panoramic view. Standing high in an avenue, over an address that never sleeps.
A New York inspired masterpiece in our very own Cebu IT Park.
Proudly brought to you by the El Camino Developers Cebu, Inc. Developed and managed by the Cebu Landmasters, Inc.
It also
features The Plaza at the Park Avenue, a green open retail park inpsired by the vibrance of the New York Central Park replete with food and shopping outlets set against refreshing al fresco areas.
With 38 residential floors, each unit is meticulously designed and angled for the best panoramic view of Cebu City.
Unit owners have exclusive access to the Sky Club Amenity Deck and the Sky Gardens for the overlooking infinity pool, fitness gym, private lounges, and multi-function hall.
Quick Facts:
- 38 residential floors
- 3 levels of amenity at the 26th to the 28th floor
- 2 main lobbies (East & West)
- 8 elevators
- 3 levels basement parking
- Grand atrium at the center of the tower
- Ultra-exclusive VIP units
Building
Features and
Amenities:
- Garden Atrium
- High Ceiling Lobby
- Swimming pool
- Showers
- Fitness gym
- Lounge areas
- Multi-function hall
- Building
Features
- 24 hour security
- CCTV System
- Property Management Services
- 100% Back-up Power
- MRF (Materials Recovery Facility)
- FDAS (Fire Detection Alarm System)
- Automatic Sprinkler System
- Domestic Water Tank
Property ID: SRBTEP4
Type: Condo for Sale
Location: Cebu City, Cebu IT Park, 38 Park Avenue
Floor Area: 24 SqM
Bedroom: 1
Bathroom: 1
Furnishing: Furnished 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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