3 Bedroom Condo for Sale or Rent in 1016 Residences, Hippodromo, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$796,460
45,000,000 PHP
PROPERTY TYPE
condo
BEDROOMS
3
BATHROOMS
3
Description
Experience the epitome of privacy and exclusivity in the heart of Cebu Business Park with this spacious lower-penthouse 3-bedroom unit at 1016 Residences by Ayala Land Premiere. This is your opportunity to own or rent in the lowest dense luxury development in the area, ensuring unparalleled space and luxury while maintaining easy access to dining, groceries, and major establishments in the city.
With an expansive 238sqm of living space, this unit
features 3 bedrooms, each with its own stylish toilet and bath. It also includes a maid's room for added convenience. Enjoy the luxury of having two parking spaces and a sprawling veranda, perfect for relaxing or entertaining.
Unit Area: 238sqm
3 Bedroom
3 Toilet and Bath
With Maid’s Room
With 2 Parking
With a huge veranda
Rental Rate: P180,000 per month, inclusive of condo dues
Selling Price: P45,000,000.00 net of Taxes
Don't miss the chance to call this exclusive property home. Schedule a tripping with us today to fully appreciate its splendor and the unmatched lifestyle it offers. 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
Atari Real Estate Brokerage
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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