Condo for sale in Cebu IT Park, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$88,496
5,000,000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
Fully Furnished Condo Unit in Avida Riala Towers for Sale!
Location: I.T. Park, Cebu City
Unit
Description:
Tower: 4
Floor: 17th
Unit Type: Studio
Floor Area: 22 SQM
The unit is fully furnished and Airbnb ready!
About the Condo Development:
With thoughtfully designed units and sensible amenities, Avida Towers Riala perfectly blends urban and eco-friendly living. The development offers countless opportunities to seamlessly integrate passion, leisure, and lifestyle, all within easy reach. Discover more
about your property investment.
ππΌοΏ½οΏ½ππ»πΆππ ποΏ½π²π»πΆππΆπ²π:
Adult & Kiddie Swimming Pool (200 capacity)
Clubhouse with Function hall for 150 guests
Children's play area
Garden Area (maximized green area and open spaces)
Main entry/ exit gate w/ Guard House (2 lanes each)
Sewage treatment plant
Centralized cistern
About the
Location:
Cebu I.T. Park is a leading business center in Cebu City. It houses major BPO companies, office spaces, a mall, shops, restaurants, medical clinics, coffee shops, and much more.
Located in uptown Cebu City, it is only a few minutes from Cebu Business Park, hospitals, schools, and various tourist attractions in Cebu City.
Price: 5M (Cash Only)
Buyer to shoulder CGT and Transfer Taxes. 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) β 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) β requires $75,000 investment in Philippine securities. No age minimum. Both offer permanent residency.
Learn more: The Complete Guide to Moving to the PhilippinesβKey Fact
English is an official language and widely spoken β 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 AbroadβPhilippines 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
- Β·Transfer tax: 0.5-0.75%
- Β·Documentary stamp: 1.5%
- Β·Capital gains tax: 6% (seller, but often negotiated)
- Β·Registration: ~0.25%
- Β·Notary: ~0.5%
Annual Costs
Property Tax
1-2% of assessed value (varies by city)
Insurance
β±5,000-15,000/yr
HOA / Condo Fees
β±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 β 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 β yours.
Contact Agent
Rey Balquin, REB, REA
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 β the complete pre-move checklist.
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