1 Bedroom Condo for sale in Apas, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$67,257
3,800,000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
FOR SALE: Fully Furnished Studio Unit at Avida Riala Tower 1 – Cebu IT Park
•Location: Avida Riala, Tower 1, 15th Floor, Cebu IT Park, Cebu City
•Selling Price: ₱3,800,000
Own a modern and strategic piece of Cebu City’s top business district!
This fully furnished studio unit at Avida Riala in Cebu IT Park is perfect for professionals, students, investors, or OFWs seeking a prime
location and immediate rental income potential. Located right in front of JP Morgan, this unit is at the center of convenience, lifestyle, and high demand.
UNIT DETAILS:
•Floor Area: 23 sqm
•Studio Layout
• Fully Furnished
•15th Floor Unit
•Tower 1
BUILDING
AMENITIES:
•Adult and Kiddie Swimming Pools (can accommodate up to 200 people)
• Clubhouse with Function Hall (up to 150 guests)
•Children’s Play Area – Safe and fun space for kids
•Outdoor Gym – Fitness in the fresh air
• Garden Area – Green open spaces for relaxing and unwinding
•24/7 Security, High-Speed Elevators, and Backup Power
NEARBY ESTABLISHMENTS:
•In front of JP Morgan
•Walking distance to Ayala Central Bloc Mall
•Surrounded by BPO Offices, Cafes, Restaurants, Banks
•Minutes away from SM City Cebu and Ayala Center Cebu
•30–40 mins to Mactan-Cebu International Airport
Why This Property Is a Great Investment:
•Ready-for-occupancy and furnished – No need to renovate or furnish
• Ideal rental property – High demand due to
location in IT Park
•Well-maintained & secured by Avida (Ayala Land brand)
•Affordable pricing in a premium address
•Low risk, high convenience for OFW and long-distance buyers 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
Socratis Tom Ramas
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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