2 Bedroom Condo for sale in Cebu IT Park, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$477,876
27,000,000 PHP
PROPERTY TYPE
condo
BEDROOMS
2
BATHROOMS
2
Description
Property ID: SRBPT5
Type: Penthouse for Sale
Location: Park Tower Condominium, Cebu Business Park, Cebu City
Bedroom: 2
Bathroom: 2
Floor Area: 195 SqM
Parking Slot: 2 Cars
Furnishing: Fully Furnished
Includes:
- Master Bedroom with walk-in closet, toilet and bath
- Second Bedroom with toilet and bath
- Fully Equipped Kitchen
- Dining Area
- Spacious Living Area
- Large Terrace Overlooking Cebu City
- Maid Room
- Storage/Service Room
Condominium
Features and
Amenities:
- Lobby & Reception Area
- Swimming Pool
- Fire protection system
- 24/7 Security
- 24/7 Building Maintenance
- Power Back-up Generator
Experience the epitome of urban luxury in this stunning bi-level penthouse located in the prestigious Park Tower 1, Cebu Business Park. Spanning 195 square meters, this residence offers a perfect blend of industrial charm and contemporary elegance. The expansive open-plan living area
features high ceilings, exposed brick walls, and floor-to-ceiling windows that flood the space with natural light. The living room extends seamlessly to a private balcony, offering breathtaking panoramic views of Cebu City.
The industrial-style kitchen is a culinary enthusiast’s dream, equipped with high-end stainless steel appliances, rustic wooden cabinetry, and a large island that doubles as a breakfast bar. This space is designed for both functionality and aesthetics, perfect for hosting dinner parties or casual meals.
Ascend the stylish staircase to the upper level to find the luxurious master suite. This serene retreat
features expansive windows with stunning views, a spacious walk-in closet, and an en-suite bathroom with modern fixtures and a spa-like ambiance. The second bedroom is equally inviting, offering ample space and natural light with easy access to the second elegantly appointed bathroom.
The penthouse’s eclectic decor, with vibrant pops of color and unique artwork, adds to its distinctive character. The spacious dining area, adorned with colorful chairs, provides a lively and inviting space for gatherings.
Residents of Park Tower 1 enjoy an array of premium amenities, including a state-of-the-art fitness center, a swimming pool, beautifully landscaped gardens, and 24-hour security. Situated in the heart of Cebu Business Park, this property offers unparalleled access to premier shopping, dining, and entertainment venues.
This bi-level penthouse is more than just a home; it’s a statement of style and elegance, perfect for sophisticated buyers seeking an exclusive urban lifestyle in Cebu City. Don’t miss the opportunity to make this exceptional property your own. Schedule a viewing today and experience the pinnacle of luxurious city living. 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) — 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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