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

APRIL 2023 ANNOUNCEMENT:  CONDOTEL or HOTEL OPERATIONS has already started its soft opening last November 2022, restaurants and other hotel amenities are now available.  There will be a Price Increase soon, so RESERVE your unit NOW!

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 beachfront 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:

WATCH VIDEO:

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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 April 20, 2023)

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

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

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

STUDIO C (46 SQM) – Residential Condo

TOTAL CONTRACT PRICE: P14,000,000.00 (unit 912)
MISCELLANEOUS FEES: P425,000.00
RESERVATION FEE: P50,000.00

30% SPOT DOWN PAYMENT a month after reservation: P4,150,000.00
                             www.GabrielRealtyBrokerage.com

70% BALANCE THRU CASH OR BANK FINANCING (P9,800,000.00)
15 yrs – P82,697.97/month
10 yrs – P108,800.09/month
5 yrs – P189,461.45/month

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STUDIO C (46 SQM) – Residential Condo

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1-BEDROOM W/ BALCONY (65 SQM) – Residential Condo

TOTAL CONTRACT PRICE: P20,216,000.00 (unit 1513)
MISCELLANEOUS FEES: P580,400.00 
RESERVATION FEE: P50,000.00

30% SPOT DOWN PAYMENT a month after reservation: P6,014,800.00
                             www.GabrielRealtyBrokerage.com

70% BALANCE THRU CASH OR BANK FINANCING (P14,151,200.00)
15 yrs – P119,415.87/month
10 yrs – P157,107.33/month
5 yrs – P273,582.34/month

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NOTE:  Real Estate property value is appreciating everyday, above prices will increase without prior notice.  Thus, if you want to invest in this property, better to RESERVE NOW!

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PAYMENT SCHEMES FOR CONDOTEL:

1. 30% Downpayment payable in 12 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. 30% Outright DP and 70% Balance thru bank financing;
3. 20% DP in 12 months with 6.7% interest and 80% Balance thru bank financing;