Land for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$796,460
45,000,000 PHP
PROPERTY TYPE
land
BEDROOMS
1
BATHROOMS
1
Description
PRIME COMMERCIAL LOT IN MACTAN — STEPS FROM WORLD-CLASS RESORTS & TOURIST LANDMARKS
Own a high-value asset in one of Cebu’s most strategic and rapidly appreciating investment zones. This premium commercial lot is perfectly positioned between Mactan Newtown and Shangri-La Mactan Resort & Spa, and just moments away from the historic Lapu-Lapu Shrine — placing your future development at the heart of tourism, lifestyle, and commercial activity.
Property
Overview
Lot Area: 1,032 sqm (approx. 11,110 sq ft)
Price: ₱45,000,000 (Approx. USD 800,000*)
Title Status: Clean Title — ready for transfer
Zoning: Ideal for Commercial / Mixed-Use Development
Why This Investment Stands Out
Unmatched
Location Advantage
Positioned within walking distance of luxury resorts, business hubs, and cultural landmarks — this property enjoys constant foot traffic from both international tourists and local visitors.
High-Impact Visibility &
Accessibility
Located along a fast-developing corridor in Mactan, offering excellent exposure for retail, hospitality, or mixed-use concepts.
Flexible Development Potential
A generous lot size allows for a wide range of high-return projects:
Boutique Hotel or Serviced Apartments
Retail Strip or Lifestyle Hub
Mixed-Use Commercial Building
Premium Residential Apartments
Strong Growth & ROI Potential
Mactan continues to experience infrastructure expansion, rising tourist arrivals, and increasing land values — making this property a strategic long-term hold or development play.
� Build Where Demand Is Growing
With its proximity to established destinations and ongoing developments, this lot offers the perfect foundation for a project that captures both tourism-driven demand and local economic growth.
� Schedule a Site Viewing
Serious buyers and investors may contact:
Cyril Espolong
View Phone
(Viber / WhatsApp / Telegram)
Let’s discuss how this property can fit your investment strategy.
Disclaimer
Price is indicative and based on current exchange rates; USD equivalent may vary. All
property details (including lot area, title status, and availability) are subject to verification and may change without prior notice. Buyers are advised to conduct due diligence or consult a licensed real estate professional before proceeding.
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
PH/PRO 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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