1 Bedroom Condo for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$385,841
21,800,000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
RUSH SALE
Sheraton Mactan Cebu
Rush For Sale
Superior One bedroom Sheraton suite
Unit sqm: 68sqm
1 Parking 12.50sqm
17 Floor
Price 21.80M
The Sheraton Cebu Mactan Resort and Residences
BY APPLEONE MACTAN
The Resort and Residences at AppleOne Mactan is owned and developed by AppleOne Mactan Inc., the premiere division of AppleOne Properties Inc., which owns AppleOne Equicom Tower in Ayala’s Cebu Business Park District and AppleOne Banawa Heights, a 2.8-hectare gated residential area that caters to the middle- and upper-class community in Cebu.
Starwood Hotels and Resorts Worldwide Inc. is one of the leading hotel and leisure companies in the world with more than 1,270 properties in some 100 countries. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences under renowned brands St. Regis, The Luxury Collection, W, Westin, Le Meridien, Sheraton, Four Points by Sheraton, Aloft, Element and Tribute Portfolio.
AppleOne Mactan Inc. uses the Sheraton trademarks and trade name under a license from Starwood Asia Pacific Hotels and Resorts Pte. Ltd., which formed The Sheraton Cebu Mactan Resort and The Residences at The Sheraton Cebu Mactan Resort.
The Residences
Scheduled to open in 2020, The Residences at The Sheraton Cebu Mactan Resort is a 22-storey main tower with 154 units consisting of one- to three-bedroom residences and 36 courtyard residences each with a private pool. Residents will enjoy an array of
facilities and
amenities such as a private lounge and library for residents, lobby area, function room, large lagoon pools in the courtyard, and an
amenities floor that
features a state-of-the-art gym, yoga and steam rooms and a Beach Club.
Condotel unit for sale in Punta Engaño, Lapu-Lapu, Cebu 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
Heyy Land Group ,Inc
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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