Condo for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$67,052
3,788,450 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
The two towers along the Punta Engaño stretch that will have a combination of residential condominiums and SOHO units. Nestled in a 2,700-square-meter (sq.m.) property near Mövenpick Hotel Mactan Island Cebu and Seagrove.
There will be 600 residential units and 108 small office-home office (SOHO) units will be added in Cebu’s property market, the first condo-office development in the area, which is currently a home to high-end resorts. The mid-range condo-office project is set to complement the resort and casino projects that are being built in the area. It targets the expats and employees who are looking for a home address that is near their working places.
Aside from the residential units, the developer is boosting the SOHO supply in the market to cater to the startups in Cebu. SOHO is an established office within the residence where a micro-enterprise or small business can operate. Its usage is not limited to residential use unlike the typical condominium unit. During the daytime, a SOHO unit functions as an office. At night, it serves as a living space.
There will be 54 SOHO units per tower and 300 residential units per tower. The minimum size of a Soho unit is 21 sq.m.
Location
Minutes away from resorts, commercial establishments and the Mactan-Cebu International Airport. It sits in an easily accessible and highly coveted
location in Mactan.
150 m Movenpick Hotel Mactan Island
450 m Mactan Seagrove
700 m Shangri-La’s Mactan Resort & Spa, Cebu
1.7 km The Mactan Newtown
1.7 km Emerald Bay
2.3 km Sheraton
2.3 km Aruga by Rockwell Resort & Residences
3.4 km Dusit Thani Mactan Cebu Resort
3.7 km Arterra Discovery Bay
4.1 km The Reef
4.2 km Crimson Resort & Spa Mactan
Features and
Amenities
Amenities have been carefully chosen and laid out for optimum comfort and convenience. Get a whiff of the sea breeze up in the infinity pool. Hold meetings or parties in the function room. Pump iron in the gym.
- Tower 1 Lobby at Ground Floor
- Tower 2 Lobby at Ground Floor
- Spacious Lobby at Amenity Floor
- Kiddie Pool & Infinity Pool
- Gym
- Garden Deck
- Function Room
- Commercial Spaces
- Game Room 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
SHOUJIKI 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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