2 Bedroom Condo for sale in Cebu IT Park, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$407,080
23,000,000 PHP
PROPERTY TYPE
condo
BEDROOMS
2
BATHROOMS
2
Description
FOR SALE
Luxury 2-Bedroom Condominium with Maid’s Quarter
38 Park Avenue, Cebu IT Park, Cebu City
Price: ₱23,000,000 (Approx. USD $405,950*)
Type: Ready-for-Occupancy Condominium
Floor Area: 104 sqm (Approx. 1,119 sq. ft.)
Bedrooms: 2 + Maid’s Quarter
Bathrooms: 2
Furnishing: Unfurnished
Property
Overview
Discover elevated urban living at 38 Park Avenue, a premier residential address inspired by New York architecture and perfectly positioned within Cebu IT Park. This luxury 2-bedroom corner unit offers panoramic sea, city, and mountain views—designed for those who value space, light, and sophistication.
Key
Features
Expansive living and dining areas with floor-to-ceiling windows
3-sided panoramic views: Sea, City & Mountain
Maid’s quarter with dedicated service access
Premium
location within Cebu’s most vibrant business and lifestyle district
Building
Amenities
Sky Club Amenity Deck & Sky Gardens with infinity pool, fitness center, private lounges, and multi-function hall
Garden atrium and grand high-ceiling lobbies (East & West)
8 high-speed elevators
3 levels of basement parking
Tower’s central grand atrium
Ultra-exclusive VIP units
Investment
Advantages
Prestigious Cebu IT Park address with strong rental potential
High appreciation area with limited premium inventory
Ready for immediate occupancy—ideal for both end-users and investors
For inquiries or to arrange a private viewing, please contact us today.
Disclaimer:
*USD price is approximate and may vary based on current exchange rates. All details, prices, and availability are subject to change without prior notice. 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
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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