The Reef Mactan Cebu – Luxury Residences with beachfront in Lapu-Lapu , Cebu

5M (studio w/ balcony)
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The Reef Mactan Cebu

the reef mactan cebu

the reef codotel promo

THE REEF MACTAN CEBU HOTEL & RESIDENCES –
BEACHFRONT LUXURY CONDOTEL IN CEBU

MAY 2022 UPDATE:  The Reef Mactan Cebu Hotel and Residences is envisioned to be a lifestyle home, something never done before in Cebu. It is a twin-tower project, one is a 22-storey beachfront luxury condominium and the other one is an 18-storey beachfornt condotel, both offer first-class amenities and total luxury lifestyle living.

All units in The Reef Mactan Cebu Hotel and Residences 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.) is 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 REEF CONDOTEL:

  • BIG OUTRIGHT DISCOUNT (see computations below)
  • 14 days free stay a year, transferable but not convertible to cash
  • In excess of 14 days, the best daily/promo rate will apply
  • Profit distribution is quarterly; deposited to respective accounts
  • 6%-7% conservative ROI estimate
  • Expat manager has already been hired, onboard since March 2019
  • 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 Mactan-Cebu International Airport
  • Mactan area is self-sufficient with nearby Savemore grocery, Watson pharmacy, 7Eleven convenience stores, food outlets in the neighboring area.
  • Mactan, Lapulapu City has a number of other malls like Island Mall, Gaisano Mactan & Marina Mall.
  • Management and maintenance are handled by experienced personalities in the hospitality business.
A Landmark Collaboration

Of worthy mention is The Reef Mactan’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 Mactan 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.

Special Brands

On top of these, we are using Belgian glass company Reynaers Aluminum for all our windows. They are one of the biggest and best aluminum glass suppliers to many landmark buildings all over the world. We are their only client in the Philippines. We are using high-end Mitsubishi elevators for all our lifts, and Baudouin brand generators for smooth 24/7 quiet, and efficient power operations. This brand is very famous for being used in most of the superyachts of the world. And the list goes on and on. We have spared no expense to make this a project that we will all be proud of.

PROJECTED RETURN ON INVESTMENT OF THE CONDOTEL:

  • Monthly Share at 55% Occupancy – P20,010.38
  • Monthly Share at 60% Occupancy – P21,829.50
  • Monthly Share at 65% Occupancy – P23,648.63
  • Monthly Share at 70% Occupancy – P25,467.75
  • Monthly Share at 75% Occupancy – P27,286.88
Sample Computations (updated on May 2, 2022)

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STUDIO W/ BALCONY (34 SQM) – Tower 2/ CondoTel

TOTAL CONTRACT PRICE: P5,020,800.00 (unit 904)
OUTRIGHT DISCOUNT: P420,800.00
DISCOUNTED TOTAL CONTRACT PRICE: P4,600,000.00
MISCELLANEOUS FEES: P207,000.00
FURNISHING & APPLIANCES: P500,000.00
RESERVATION FEE: P50,000.00

30% DOWN PAYMENT in 18 months with 0% interest: P73,888.89/MONTH

70% BALANCE THRU CASH OR BANK FINANCING (P3,220,000.00)

OR OUTRIGHT CASH w/ 6% DISCOUNT: P4,274,000.00

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STUDIO W/ BALCONY (34 SQM) – Tower 2/ CondoTel

TOTAL CONTRACT PRICE: P5,118,920.62 (unit 910)
OUTRIGHT DISCOUNT: P318,920.62
DISCOUNTED TOTAL CONTRACT PRICE: P4,800,000.00
MISCELLANEOUS FEES: P216,000,000.00
FURNISHING & APPLIANCES: P500,000.00
RESERVATION FEE: P50,000.00

30% DOWN PAYMENT in 18 months with 0% interest: P77,222.22/MONTH

70% BALANCE THRU CASH OR BANK FINANCING (P3,360,000.00)

OR OUTRIGHT CASH w/ 6% DISCOUNT: P4,512,000.00

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STUDIO W/ BALCONY (40 SQM) – Tower 2/ CondoTel

TOTAL CONTRACT PRICE: P5,440,893.00 (unit 701)
OUTRIGHT DISCOUNT: P440,893.00
DISCOUNTED TOTAL CONTRACT PRICE: P5,000,000.00
MISCELLANEOUS FEES: P225,000.00
FURNISHING & APPLIANCES: P500,000.00
RESERVATION FEE: P50,000.00

30% DOWN PAYMENT in 18 months with 0% interest: P80,555.56/MONTH

70% BALANCE THRU CASH OR BANK FINANCING (P3,500,000.00)

OR OUTRIGHT CASH w/ 6% DISCOUNT: P4,700,000.00

______________________________________________________

STUDIO W/ BALCONY (40 SQM) – Tower 2/ Residential Condo

the reef mactan hotel and residences, beachfront condominium

The Reef Condominium, Beachfront condominium in lapu-lapu
TOTAL CONTRACT PRICE: P7,800,000.00 (unit 1402/ inclusive of Transfer & Misc. Fees) – 8 units left
RESERVATION FEE: P50,000.00

20% SPOT DOWN PAYMENT a month after reservation: P1,510,000.00

80% BALANCE THRU CASH OR BANK FINANCING (P6,240,000.00)

OR OUTRIGHT CASH w/ 6% DISCOUNT: P7,282,000.00
INCLUSIONS:
  • Balcony Sliding Door by REYNAERS
  • Wardrobe Cabinet
  • Kitchen Module with cooktop and exhaust hood
  • Complete bathroom fixtures
  • Daiken split-type aircon
  • Furniture including bed(s), television, coffee table, and chairs (refer to attached photos)

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STUDIO W/ BALCONY (40 SQM) – Tower 2/ Residential Condo

the reef mactal hotel and residences

the reef condominium, beachfront condominium in mactan
TOTAL DISCOUNTED PRICE: P6,800,000.00 (unit 1403) – 4 units left
MISCELLANEOUS FEES: P245,000.00
RESERVATION FEE: P50,000.00

20% SPOT DOWN PAYMENT a month after reservation: P1,310,000.00

80% BALANCE THRU CASH OR BANK FINANCING (P5,685,000.00)

OR OUTRIGHT CASH w/ 6% DISCOUNT: P6,572,300.00
INCLUSIONS:
  • Balcony Sliding Door by REYNAERS
  • Wardrobe Cabinet
  • Kitchen Module with cooktop and exhaust hood
  • Complete bathroom fixtures
  • Daiken split-type aircon
  • Furniture including bed(s), television, coffee table, and chairs (refer to attached photos)

______________________________________________________

STUDIO W/ BALCONY (45 SQM) – Tower 1/ Residential Condo

studio with balcony, the reef mactan

the reef mactan, condominium for sale in cebu
TOTAL CONTRACT PRICE: P10,281,600.00 (unit 1806) – 10 units left
MISCELLANEOUS FEES: P308,448.00
RESERVATION FEE: P50,000.00

20% SPOT DOWN PAYMENT a month after reservation: P2,006,320.00

80% BALANCE THRU CASH OR BANK FINANCING (P8,225,280.00)

OR OUTRIGHT CASH w/ 6% DISCOUNT: P9,614,704.00

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1-BEDROOM W/ BALCONY (67 SQM) – Tower 1/ Residential Condo

1bedroom with balcony, the reef mactan

the reef mactan cebu, condominium with beachfront

floor plan of the reef mactan condominium
TOTAL CONTRACT PRICE: P17,259,200.00 (unit 1705) – 1 unit left
MISCELLANEOUS FEES: P466,720.00 
RESERVATION FEE: P50,000.00

20% SPOT DOWN PAYMENT a month after reservation: P3,401,840.00

80% BALANCE THRU CASH OR BANK FINANCING (P13,807,360.00)

OR OUTRIGHT CASH w/ 6% DISCOUNT: P16,173,648.00

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PAYMENT SCHEMES FOR CONDOTEL:

  1. 30% Downpayment payable in 18 months to pay with 0% interest and 70% Balance thru bank financing before move-in for Filipino Citizens;
  2. 20% Outright DP with 5% Discount on DP and 80% Balance thru bank financing;
  3. 30% Outright DP with 5% Discount on DP and 80% Balance thru bank financing;
  4. Outright Cash with 6% Discount.

FOR RESIDENTIAL UNITS:

  1. Outright Cash with 6% Discount.
  2. 20% Outright DP and 80% Balance thru bank financing;
  3. 20% DP in 12 months with 6.7% interest and 80% Balance thru bank financing;

PRICELIST FOR RESIDENTIAL CONDO (AS OF MARCH 2022):

The Reef Tower 1 Residences

FEATURES & 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

VICINITY MAP:

vicinity map of the reef mactan, condotel for sale in cebu

For assistance and full details, please contact us at:

+63 943 312 5445 / +63 995 101 9010 (Viber/ WhatsApp/ Signal/ Telegram/ WeChat) or EMAIL us at: gabrielrealty101@gmail.com or visit our FB PAGE at https://www.facebook.com/gabrielrealty/

COCOY M. TOLEDO
Licensed Real Estate Broker
PRC License No. 20332, valid until Nov. 9, 2024
DHSUD CR NO. R7-B-03/20-0833, valid until Dec. 31, 2022
PTR No. 5999655, valid until Dec. 31, 2022

RICHEL PARADIANG-TOLEDO
Licensed Real Estate Broker
PRC License No. 20331, valid until Dec. 31, 2024
DHSUD CR NO. R7-B-03/20-0835, valid until Dec. 31, 2022
PTR No. 5999656, valid until Dec. 31, 2022

!! WARNING: Avoid fly-by-night agents, DEAL only with competent licensed real estate brokers to protect your hard-earned money!

Air Conditioning Heating Balcony Dishwasher Pool Internet Terrace Microwave Fridge Cable TV Security Camera Toaster Grill Oven Fans Servants Furnished Cupboards
Property Address: Lapu-Lapu City, Cebu
Property City : lapu lapu city