Condo for sale in Cebu IT Park, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$61,062
3,450,000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
FOR SALE | Studio Unit at Avida Towers Riala – Tower 2, Cebu I.T. Park
Ready for Occupancy | Perfect for Investors and End-Users
Location: Avida Towers Riala, Tower 2, Cebu I.T. Park, Lahug, Cebu City
Floor Area: 22 sqm (236.8 sq ft)
View: Amenity View
Furnishing: Unfurnished / Bare (Design your dream space)
Status: Ready for Move-in
Asking Price: ₱3,450,000 (≈ USD 59,500) — Negotiable
Experience the Best of City Living in Cebu I.T. Park
Live at the center of it all — where business, leisure, and lifestyle converge. Avida Towers Riala offers the perfect balance of comfort and convenience in one of Cebu’s most sought-after addresses. Whether you’re a young professional, overseas Filipino investor, or expat looking for a home in a thriving city, this unit delivers both modern living and strong investment potential.
Imagine waking up to the lively energy of Cebu I.T. Park — steps away from multinational offices, top-rated restaurants, and vibrant cafés. With Cebu’s continuous growth and the area’s high rental demand, this property is not just a home, but a smart investment opportunity in the heart of the city’s premier business district.
Why Invest in This Unit
Prime
location within Cebu I.T. Park — high rental yield potential
Ideal for Airbnb or long-term leasing
Ready-for-occupancy unit that can be customized to your taste
Developed by Avida Land, an Ayala Land company
Safe and secure community with complete lifestyle
amenities
Connect with Your Trusted Realtor
For inquiries and viewing appointments:
Jet Abellana
View Phone
(Viber | WhatsApp | Telegram)
Request details
Disclaimer:
All property details, pricing, and availability are subject to change without prior notice. The USD conversion is based on the current exchange rate and may vary. Buyers are advised to verify all information during actual viewing or inquiry.
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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