3 Bedroom Condo for sale in Cebu IT Park, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$619,469
35,000,000 PHP
PROPERTY TYPE
condo
BEDROOMS
3
BATHROOMS
2
Description
1016 Residences is located centrally at Cebu Business Park. It is a short walk from the city’s premier retail and entertainment hub, the Ayala Center Cebu, and is directly connected to the exclusive City Sports Club Cebu – giving residents an endless array of
facilities and
amenities for shopping, recreation and business. Its convenient
location is balanced with space and luxury through carefully planned and designed spaces which take advantage of scenic views of the sea and the mountains and open up opportunities for open spaces even on the upper floors.
Located in one of the most sought-after premium residences in the Central Business District of Cebu City. This three (3) bedroom corner condominium unit was professionally designed with custom made interior tailored to providing pleasurable, practical and stylish living. Includes:
- Spacious Living Room and Dining Area
- Large Kitchen
- Master bedroom with walk-in closet, toilet and bath
- Two (2) Bedrooms each with toilet and bath
- Maid’s Room with own toilet and bath
- Storage / Service Area
Building
Amenities
- Landscaped Gardens
- Kiddie Play Area
- Lobby Lounge
- Roof Deck
- City Sports Club Cebu usage rights
– Swimming Pool
– Function room
– Sauna & SPA
– GYM
– Dining & Restaurants
– Business Center
Building
Features:
- Efficiency
Features
- Maximized natural ventilation for common areas
- Inverter-type Air Conditioning System
- Convenience and Services
- Three (3) Elevators, 2 passenger lifts and 1 service elevator
- Elegantly-designed ground floor lobby
- Mail room
- Administrative office
- Centralized sanitary disposal system
- Direct access to City Sports Club Cebu
Safety and Security
- Fire Detection and Alarm System
- 24-hour security and building maintenance
- Basement proximity card access
- 100% Back-up Power
Property ID: SRBTS18
Location: Cebu City, Cebu Business Park, 1016 Residences
Floor Area: 131 SqM
Bedroom: 3
Bathroom: 3
Parking Slot: 2 Car
Furnishing: Furnished 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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