FOR SALE RESIDENTIAL & CONDOTEL UNITS AT THE REEF ISLAND RESORT IN MACTAN, LAPU-LAPU CITY, CEBU

FOR SALE CONDOTEL UNITS AT THE REEF ISLAND RESORT IN MACTAN ,
LAPU-LAPU CITY, CEBU   

UPDATED AS OF FEBRUARY 1, 2023   

✅DETAILS OF THE SOUTH REEF CONDOTEL
BENEFIT FOR CONDOTEL BUYERS :

* 14 days free stay a year, transferable but not convertible to cash

* In case the 14 day stay will exceed , the best promo daily / promo
rate will apply

* PROFIT DISTRIBUTION is quarterly; deposited to respective accounts

* International Manager with experience was hired

* ABACA will operate the SKY BAR on the 25th floor, two restaurants on
the 3rd floor (main dining and baking / coffee shop) and the bar kiosk
near the boardwalk

* Proximity - 15 minutes from the airport

* Mactan Area is self-sufficient with nearby Savemore grocery, Watson
pharmacy, 7 Eleven convenience stores, and food outlets, in the
neighboring area.

* Mactan, Lapu-Lapu City has a number of malls like Island Mall, Gaisano
Mactan and Marina Mall

* Management and maintenance are handled by experienced personalities
in the hospitality business.

* Association dues are 90/sq.m.

* Soft opening in November 2022.


CONDOTEL UNITS :
📍 3rd floor
*302 Studio B l Floor Area : 40 sq.m.
Price per unit : 5,600,000

*309 Studio C l Floor Area : 34 sq.m.
Price per unit : 5,200,000
📍5th floor
* 503 Studio B l Floor Area : 40 sq.m.
Price per unit : 5,600,000

* 508 Studio l Floor Area : 34 sq.m.
Price per unit : 5,200,000
📍6th floor
* 601 StudioB l Floor Area : 40 sq.m.
Price per unit : 5,600,000

RESERVATION FEE : 50,000
Miscellaneous Fee - 4.5%
FOR CONDOTEL UNITS : 600,000 (add-on)
(Furnishing & Appliances)

📍7th Floor
*703 Studio B l Floor Area : 40 sq.m.
Price per unit : 5,600,000
*704 Studio C l Floor Area : 34 sq.m. l Ext. Balcony : 14 sq.m.
Price per unit : 6,200,000

📍8th Floor
* 803 Studio B l Floor Area : 40 sq.m.
Price per unit : 5,600,000
* 811 Studio l Floor Area : 34 sq.m.
Price per unit : 5,400,000

📍9th Floor
* 904 Studio C l Floor Area : 34 sq.m.
Price per unit : 5,200,000
* 911 Studio l Floor Area : 34 sq.m.
Price per unit : 5,400,000

📍10th Floor
* 1004 Studio C l Floor Area : 34 sq.m.
Price per unit : 5,200,000
* 1011 Studio l Floor Area : 34 sq.m.
Price per unit : 5,400,000

📍16th Floor
* 1611 Studio I Floor Area : 34 sq.m.
Price per unit : 5,400,000

📍17th Floor
* 1703 Studio B l Floor Area : 40 sq.m.

📍18th Floor
* 1803 Studio l Floor Area : 40 sq.m.
Price per unit : 5,600,000

✅RESIDENTIAL UNITS :
*9th Floor
912 Studio C l Floor Area : 46 sq.m. l Ext. Balcony : 21 sq.m.
Price per unit : 12,500,000 l EVAT : 1,500,000
Total Contract Price : 14,000,000
Miscellaneous Fee : 425,000

913 1 Bedroom l Floor Area : 65 sq.m. l Ext. Balcony : 16 sq.m.
Price per unit : 16,071,428.57 l EVAT : 1,928,571.43
Total Contract Price : 18,000,000
Miscellaneous Fees : 525,000

*15th Floor
1513 l 1 Bedroom l Floor Area : 65 sq.m. l Ext. Balcony : 18 sq.m.
Price per unit : 18,050,000 l EVAT : 2,166,000
Total Contract Price : 20,216,000
Miscellaneous Fees : 580,400

* 8th Floor
1812 l Studio C l Floor Area : 46 sq.m. l Ext. Balcony : 27 sq.m.
Price per unit : 14,285,714.29 l EVAT : 1,714,285.71
Total Contract Price : 16,000,000
Miscellaneous Fees : 475,000
Miscellaneous Fees : 580,400