3 Bedroom Condo for sale in Cebu IT Park, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$460,413
26,013,324 PHP
PROPERTY TYPE
condo
BEDROOMS
3
BATHROOMS
3
Description
38 PARK AVENUE 2 Bedroom with Maid's Room
Check out the price computation for our spacious 2-bedroom plus maid's room unit, now available for sale at 38 Park Avenue, a premium condo in Cebu IT Park, Cebu City.
Unit
selling price: PhP 26,013,324
◦ 103 sqm at 29th floor unit 06.
Total contract price: PhP 28,094,389
◦ including VAT and transfer of title charges.
Reservation fee: PhP 100,000.
Discounts:
◦ PhP 780,400 if paid in 30 days
◦ If paid installment, please see below.
10% Equity with 0% interest payable in;
◦ 36 months: PhP 69,481/month.
90% Balance through spot cash or bank financing: PhP 23,411,992.
ESTIMATED Monthly Amortization, this may slightly vary in actual bank computation:
◦ 5 years: PhP 452,619/month
◦ 10 years: PhP 259,921/month.
◦ 15 years: PhP 197,564/month
◦ 20 years: PhP 167,731/month.
Transfer charges of PhP 2,081,065 already added in the total contact price and to be paid upon turnover. This is for title processing and registration.
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WORLD CLASS
AMENITIES &
FEATURES:
38 Storey high. The highest in Cebu I.T Park.
Ultra Exclusive VIP Units
3 levels of amenity at the 26th to the 28th floor.
2 Main Grand Lobbies (East & West)
3 Levels basement parking.
A Grand Atrium at the center of the tower
The Plaza - A green, open retail park.
Drop-off Entrance
High Ceiling Grand Lobby.
Sky Club Amenity Deck
Swimming Pool w/ Panoramic View.
Sky Lounge
Fitness Gym
Sky Gardens and Patio.
Multi-function Hall
Kids Zone.
24-Hour Security CCTV System
Green Wall.
100% Backup Generator
8 High-speed Elevators.
Automatic Sprinkler System
Domestic Water Tank.
Property Management Services.
Each unit meticulously designed for a Panoramic view of Cebu.
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
Ophelia Mosqueda: CEBU-Real Estate Shop
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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