Back to Cebu, Philippines

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

3 Bedroom Condo for sale in Cebu IT Park, Cebu, Cebu City, Cebu - Photo 2
3 Bedroom Condo for sale in Cebu IT Park, Cebu, Cebu City, Cebu - Photo 3
1/30

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.

__________________________________________________

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 Maps

Living 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
See all Philippines listings

Philippines at a glance

How Philippines scores for American expats

💰Cost of Living
Affordable
🛡️Safety
Use caution
🗣️English Spoken
Widely
🏥Healthcare
Basic
🌬️Air Quality
Poor
📶Internet
Slow
🚶Walkability
Moderate
🚇Transit
Limited

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.

1

Understand the buying rules

Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.

2

Sort out your visa

Owning property doesn't give you the right to live there. Research residency options before you buy.

3

Plan your finances

Understand currency risk, international wire transfers, and whether you can get a local mortgage.

4

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.

5

Set up healthcare

Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.

6

Run the full checklist

Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.

Source

DotProperty.com.ph

Portal listings

Currency

PHP