What is the current asking price for IT Park Condominium, Cebu City?

The current listing price for IT Park Condominium, Cebu City is $210,000. This sale price reflects the property's 2 bedrooms, 2 bathrooms, and 880 sq ft of living space in IT Park, Cebu City.

How many bedrooms and bathrooms does IT Park Condominium, Cebu City have?

IT Park Condominium, Cebu City features 2 bedrooms and 2 bathrooms across 880 sq ft (82 sqm) of total floor area. The property is located in IT Park, Cebu City, Philippines – Cebu.

How do I schedule a viewing or get more information?

To schedule a viewing for IT Park Condominium, Cebu City, contact Ana Villanueva directly via phone at +63 917 849 0908 or email at a.villanueva@manilainvestmentproperty.com. Our LUX AI concierge can also assist you with inquiries, investment analysis, and connecting you with the right advisor for this property.

What is the ROI potential for this property as a rental investment?

Properties in IT Park, Cebu City typically generate gross rental yields of 6–10% annually for short-term vacation rentals and 4–7% for long-term leases, depending on occupancy and management. At the current listing price of $210,000, a conservative yield analysis suggests strong investment fundamentals given the location's tourism and demand profile.

What taxes and fees should I budget for when purchasing this property?

When purchasing in Philippines – Cebu, budget for: Documentary Stamp Tax (1.5% of purchase price), Transfer Tax (0.5–0.75%), Registration Fee (~0.25%), and Capital Gains Tax (6% — typically negotiated with seller). Total buyer-side closing costs typically run 3–5% above the purchase price. VAT (12%) may apply for properties above PHP 3.2M from a developer.

Can foreign nationals purchase this property?

Foreign nationals can purchase this property if it is a condominium unit, provided foreign ownership in the building does not exceed 40% as required by Philippine law (Condominium Act, R.A. 4726). Foreigners cannot own land directly but may lease land for up to 50+25 years or hold up to 40% equity in a Philippine corporation.