1 Bedroom Condo for Sale or Rent in Cebu IT Park, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$221,239
12,500,000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
1BR 38PARK AVENUE - IT PARK CEBU CITY
J.M. Del Mar St., Cebu I.T. Park, Apas, Cebu City
Standing high in an avenue, over an address that never sleeps. A New York-inspired masterpiece in Cebu I.T. Park.
1BR for SALE 38PARK AVENUE - IT PARK CEBU CITY.
It has balcony with 180degrees view to the City.
Its right infront of Ayala Mall. The
amenities is right down one floor from the unit.
Tower: 38PARK AVENUE
Floor area: 54sqm
Floor level: 30th
View: City view ( 180 deg)
SALE: 13.5M down to 12.5M Net
RENT: PHP 55,000.00 ( furnished including dues)
RENT: PHp 40,000( Not furnished, exclusive of dues)
Amenities &
Facilities
Units are meticulously designed and angled for the best panoramic view of Cebu.
QUICK FACTS
• 38 residential floors
• 3 levels of amenity at the 26th to the 28th floor
• 2 main lobbies (East & West)
• 8 elevators
• 3 Levels basement parking
• A grand atrium at the center of the tower
• Ultra-exclusive VIP Units
MAIN
FEATURES
• 745 units
– 440 studio
– 211 one-bedroom
– 75 two-bedroom
– 11 three-bedroom
– 8 penthouse
• 1,280 sqm building floor plate
• Balcony on select units
• 521 parking units
• Garden Atrium
•High Ceiling Lobby
• Swimming pool
• Showers
• Fitness gym
• Lounge areas
• Multi-function hall
BUILDING
FEATURES
• 24 hour security
• CCTV System
• Property Management Services
• 100% Back-up Power
• MRF (Materials Recovery Facility)
• FDAS (Fire Detection Alarm System)
• Automatic Sprinkler System
• Domestic Water Tank 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
Jude Embrado/Cebudreaminvestment
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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