1 Bedroom Condo for sale in Cebu IT Park, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$123,894
7,000,000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
Property ID: RCTEP10
Type: Condo for Rent
Location: 38 Park Avenue. Cebu IT Park
Floor Area: 24 SqM
Bedroom: 1
Bathroom: 1
Furnishing: Fully Furnished
Property
Features
- Open-concept studio layout designed for maximum comfort and style.
- Queen-sized bed set against a full-length mirror for an airy, spacious feel.
- Stylish wood-slat accent wall with a mounted large-screen Smart TV.
- Custom built-in dining nook with upholstered seating and a round bistro table.
- Modern kitchenette with white cabinetry and solid-surface countertops.
- Quality appliances including a two-door refrigerator and induction cooktop.
- Floor-to-ceiling windows overlooking the city skyline and green park.
- Contemporary bathroom featuring a glass-enclosed shower and premium fixtures.
Building
Features
- Sky Club Amenity Deck
- Infinity Pool
- Fitness Gym
- The Plaza Retail Park
- Grand Atrium
- 24/7 Security and Concierge
- 100% Back-up Power
- Prime IT Park
Location
Minimum Lease Term: One (1) year
Advance Payment: Equivalent to Two (2) month rent
Security Deposit: Equivalent to Two (2) month rent
If you are seeking a premier lifestyle, this Modern and Cozy Studio with City Views at 38th Park Avenue offers an unparalleled residential experience in the heart of Cebu IT Park. This high-floor unit is inspired by the sophisticated high-rise living of New York City. It
features a meticulously curated interior that maximizes every square inch of space for both comfort and elegance.
Furthermore, choosing to reside in a residence of this caliber means enjoying panoramic vistas of the shimmering skyline. You also get to enjoy views of the lush greenery of the surrounding park from your floor-to-ceiling windows. This development stands as a landmark of luxury in the district. It provides residents with an exceptional sense of prestige and convenience that is rare to find in the city.
Consequently, every detail of this property is designed to provide a serene and stylish sanctuary. You also get immediate access to premier shopping and dining.
In addition, the unit itself is a masterpiece of modern Scandinavian-inspired design. It
features warm wood accents and mirrored surfaces that create a bright, airy atmosphere. Living in this Modern and Cozy Studio with City Views at 38th Park Avenue allows you to be just steps away from Ayala Malls Central Bloc. You will also be near high-end fitness centers and the best nightlife Cebu has to offer.
Moreover, the building’s unique grand atrium design ensures natural light and ventilation flow throughout the hallways. This significantly enhances your daily living experience. Every detail, from the custom-built cabinetry to the carefully selected furniture, ensures that the home is ready for immediate move-in.
Specifically, safety and comfort are prioritized with 24/7 security, professional concierge services, and full back-up power for all units. As a result, you can experience the pinnacle of convenience
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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