The Reef Mactan Island Resort and Residences Condo for Sale Lapu-lapu City

The Reef Mactan Island Resort and Residences Condo for Sale Lapu-lapu City Cebu Philippines

The Reef Mactan Island Resort and Residences Condo for Sale through Cash or Bank Financing

The Reef for Sale: Mactan Island Resort Condo


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The Reef Mactan Residences condo for sale Lapu-lapu City Cebu. All units designed with glass walls, railings, and a glass sliding door facing the sea view.

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December 3, 2022 update

The Reef Mactan Condo for Sale
- Lapu-lapu City, Cebu, Philippines

The Reef beachfront condo for sale in Lapu-lapu City.

Reservation/purchasing of this unit can be done personally in the office OR online! All payments must be directly deposited to the Reef's bank account.

We are pleased to present to you our project THE REEF RESIDENCES MACTAN. We boast of a luxury condo literally fronting the sea.

The Reef Island Resort Mactan, a 22-story beachfront residential condominium, a project by Land Caster Estates – one of the pioneer condominium developers here in Cebu with 20 years of experience.

Is a luxury condo, which offers first-class amenities with a stunning infinity pool and features a 180-meter unhindered view of the ocean. Impressive local craftsmanship of the interior design that reflects Filipino culture designed by renowned architects and designers.

All units designed with glass walls, glass railings, and a glass sliding door facing the sea view. You can also enjoy staying with your balcony, embracing the sea breeze and the sky.

The aqua sports facilities such as jet ski, wakeboarding, kayak, hobby cat sail, water playgrounds, among others will be definitely part of your resort-living. Here are the lists of the amenities offer:

FEATURES and AMENITIES:

  • Beachfront boardwalk with an outdoor cafe
  • Wide 250-meter seafront
  • Ample parking spaces for all units.
  • 24-Hour Security
  • All units with wide, spacious balconies facing the sea
  • 24-Hour Standby Full Generator.
  • Interior gardens, open facades, reflecting pools in the lobby
  • Large 274 square meter infinity pool facing the sea.
  • Water sports facilities: Jetskis, speedboat, kayak, water park, Hobie cat sail, banana boat, wakeboards
  • Mini movie theater
  • Parking slots for jetski and speedboat owners.
  • Units include built-in split type aircon
  • All units with full kitchen cabinets, wardrobe cabinets, cooktop and hood
  • Glass walls facing the sea with glass balcony railings.
  • Ramp for launching jetskis and speedboats
  • Helipad
  • High-speed elevators

ABACA REEF HOTEL:

  • Abaca Boutique Hotel
  • Abaca Restaurant + Cafe
  • Spa
  • Function hall for parties
  • Outdoor poolside cafe’s
  • Skylounge/Bar
  • Gym.

REEF is the flagship project of Land Caster, envisioned to be a lifestyle home, something is never before done in Cebu. It is a 22-storey beachfront luxury condo, which offers first-class amenities, total luxury lifestyle living. All units will have glass walls, glass railings, and glass sliding doors facing the sea (east). Ample balconies are provided to every unit to extend the living space outdoors. A full range of aqua sports facilities (jet ski, speed boats, wakeboarding, kayak, hobby cat sail, water playgrounds, etc.) will be offered as basic features. An award-winning restaurant/ café will be operating in the lobby. Abaca group is renowned to be one of the best restaurants in the country and even in Asia. They will operate a boutique hotel with function rooms, a gym, spa, and sky lounge bar. The pool will be a huge infinity type overlooking the sea. Homeowners have the option of buying their own watercraft and they can buy a parking slot downstairs. There will be a lounge area on the boardwalk that directly connects to the beachfront/sea.

THE DEVELOPER
Land Caster Estates belongs to the group of companies under EXELAND/ NEXLAND Estates. It includes Land Resources (Mindanao) and Questhomes. Inc with almost 2 decades of experience in developing subdivisions and condominiums. We are one of the pioneer condominium developers in Cebu, dating back to as early as 1996. We have built a reputation for quality, reliability, and good customer service. The Board of directors composed of Allan Lua, Harley Yunam, Jerry Sun, Michael Jo, Perry Lim, and Gabriel Alonzo. The Board’s core business extends to a varied field including manufacturing, export/ import, agricultural, real estate, construction, and retailing.

A LANDMARK COLLABORATION
Of worthy mention is The Reef’s phenomenal design team, comprised of the Philippines’ most renowned architects and designers: the partnership of Budji Layug + Royal Pineda, hailed as the country’s preeminent architectural and interior design firm, with the input of world-famous designer Kenneth Cobonpue, whose unmistakable touch can be seen in many details of the project.

In a breathtaking and unprecedented collaboration, these three design titans have created a landmark structure that is an expression of their technical and artistic talents. Because of this rare synergism, The Reef is a historic masterpiece that is a prestigious testament to its owners’ excellent level of taste.

AN ELITE PARTNERSHIP
On its first few floors, The Reef is a luxury boutique hotel run by the award-winning Abaca Group. Abaca’s superb track record is proven by its international accolades, being excellently reviewed by many famous magazines and awarded high ratings by the world’s most prestigious travel authorities.

PROJECTED RETURN ON INVESTMENT OF THE CONDOTEL:

  • Monthly Share at 55% Occupancy – P20,010
  • Monthly Share at 60% Occupancy – P21,829
  • Monthly Share at 65% Occupancy – P23,649
  • Monthly Share at 70% Occupancy – P25,467
  • Monthly Share at 75% Occupancy – P27,287

PAYMENT OPTIONS:

  • 20% Equity payable in 12 months, 80% balance thru spot cash or bank financing.
  • Spot 30% downpayment with 5% discount of the DP and 70% balance thru bank financing
  • Spot Cash with 6% discount on the Total Contract Price.

PAYMENT OPTIONS for RESIDENTIAL

  • 20% Equity spread over 12 months, 80% Bank loan.
  • Straight DP - 5% discount on DP
  • Outright Cash - 6% discount.

SAMPLE COMPUTATION, PRICE RANGE, and MONTHLY AMORTIZATION:
This may vary depending lot sizes, unit location, and where it is facing.
Prices in CEBU Real Estate Shop is the same as if you go directly to the sales office.



the reef condotel for sale floor plan 34
STUDIO with BALCONY: 34 sqm

Condotel studio unit condo for sale at The Reef Mactan. Luxury beachfront condo in Lapu-lapu City Cebu.


www.cebu-realestateshop.com

  • Unit selling price: PhP 5,020,800 - Condotel
    5th floor, unit 8 facing seaview.
  • Discounted price: PhP 4,600,000.
  • Reservation fee: PhP 50,000.
  • 20% Equity of PhP 870,000 with 0% interest payable in;
        ◦ 18 months: PhP 48,333/month.
  • 80% Balance through spot cash or bank financing: PhP 3,680,000.
    ESTIMATED Monthly Amortization, this may slightly vary in actual bank computation:
        ◦ 5 years: PhP 71,145/month
        ◦ 10 years: PhP 40,856/month.
        ◦ 15 years: PhP 31,054/month
        ◦ 20 years: PhP 26,365/month.
  • Furnishing and appliances: PhP 500,000
  • Miscellaneous fees: PhP 190,000. Please note both furnishing/appliances and miscellaneous fees are not included in the price listed above and to be paid on/or upon turnover. This is for title processing and registration.


the reef condotel for sale floor plan 40
STUDIO with BALCONY: 40 sqm

Bigger condotel studio unit condo for sale at The Reef Mactan. Luxury beachfront condo in Lapu-lapu City Cebu Philippines.


www.cebu-realestateshop.com

  • Unit selling price: PhP 5,440,893 - Condotel.
  • Discounted price: PhP 5,000,000.
  • Reservation fee: PhP 50,000.
  • 30% Equity of PhP 1,450,000 with 0% interest payable in;
        ◦ 18 months: PhP 80,556/month.
  • 70% Balance through spot cash or bank financing: PhP 3,500,000.
    ESTIMATED Monthly Amortization, this may slightly vary in actual bank computation:
        ◦ 5 years: PhP 67,665/month
        ◦ 10 years: PhP 38,857/month.
        ◦ 15 years: PhP 29,535/month
        ◦ 20 years: PhP 25,075/month.
  • Furnishing and appliances: PhP 500,000.
  • Miscellaneous fees: PhP 225,000. Please note both furnishing/appliances and miscellaneous fees are not included in the price listed above and to be paid on/or upon turnover. This is for title processing and registration.


the reef condo studio for sale
STUDIO with BALCONY: 45 sqm

Residential studio unit condo for sale at The Reef Mactan. Luxury beachfront condo in Lapu-lapu City Cebu.


www.cebu-realestateshop.com

  • Unit selling price: PhP 9,900,000 - Residential
    9th floor, unit 12A facing seaview.
  • Total contract price: PhP 11,088,000 including taxes.
  • Reservation fee: PhP 50,000.
  • 20% Equity of PhP 2,167,600 with 0% interest payable in;
        ◦ 12 months: PhP 180,633/month.
  • 80% Balance through spot cash or bank financing: PhP 8,870,400.
    ESTIMATED Monthly Amortization, this may slightly vary in actual bank computation:
        ◦ 5 years: PhP 171,490/month
        ◦ 10 years: PhP 98,480/month.
        ◦ 15 years: PhP 74,853/month
        ◦ 20 years: PhP 63,550/month.
  • VAT (taxes): PhP 1,188,000 already included in the total contract price.
  • Miscellaneous fees: is not included in the price listed above and to be paid on/or upon turnover. This is for title processing and registration.


1 bedroom condo for sale at the reef
1-BEDROOM with BALCONY: 67 sqm

1-bedroom condo unit for sale at The Reef luxury beachfront facing seaview condominium in Lapu-lapu City Cebu Philippines.


https://www.cebu-realestateshop.com

  • Unit selling price: PhP 15,410,000 - Residential
    17th floor, unit 5 facing seaview.
  • Contract price: PhP 17,259,200 - Residential including VAT.
  • Reservation fee: PhP 50,000.
  • 20% Equity of PhP 3,401,840 with 0% interest payable in;
        ◦ 12 months: PhP 283,487/month.
  • 80% Balance through spot cash or bank financing: PhP 13,807,360.
    ESTIMATED Monthly Amortization, this may slightly vary in actual bank computation:
        ◦ 5 years: PhP 266,935/month
        ◦ 10 years: PhP 153,290/month.
        ◦ 15 years: PhP 116,514/month
        ◦ 20 years: PhP 98,920/month.
  • VAT (taxes): PhP 1,849,200 already included in the contract price.
  • Miscellaneous fees: is not included in the price listed above and to be paid on/or upon turnover. This is for title processing and registration.

Real Estate values are increasing. The price is subject to increase without prior notice... So if you are aiming to have these properties, reserve now!!!



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