South REEF Condotel for sale Mactan Cebu

South REEF Condotel for sale Mactan Cebu

Lapu-Lapu City, Cebu, Philippines

On Sale


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Property ID :


40 Sq meter


South REEF Condotel for sale Mactan Cebu
We are pleased to present to you our project THE REEF RESIDENCES MACTAN.  We boast of a luxury condominium literally fronting the sea. 
REEF is the flagship project of Land Caster, envisioned to be lifestyle home, something never before done in Cebu. It is a 22-storey beach front 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 at the lobby. Abaca group is renowned to be one of the best restaurants in the country and even Asia. They will operate a boutique hotel with function rooms, 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 beach front/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 20 years 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. 
Special BrandsOn top of these, we are using Belgian glass company Raynaer for all our windows. They are one of the biggest and best aluminum glass suppliers to many landmark buildings all over theworld. We are their only client in the Philippines. We are using high-end Mitsubishi elevators for all our lifts, and Bandouin brand generators for a smooth 24/7 quiet and efficient power operations. This brand is very famous being used in most of the super yachts 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.Condotel South Tower

Studio B: 40square meters
Php 5,282,420.48
Reservation Fee: 50,000
A. 30% downpayment payable in 18months 70% Balance loanable to bank
B. 20% outright Downpayment w/ 5% discount
C. 30% Outright Downpayment w/ 5% discount
D. 50% Outright Downpayment w/ 7% discount
E. Spotcash payment w/ 8% discount

Miscellaneous Fe: 4.5%
Parking (optional) 850,00
Furnishings & appliances: 450,000.00

14 days free, transferable but not convertible to cash.
In excess, best daily/promo rate will apply
profit distribution is quarterly; deposited to respective accounts
6%-8% conservative ROI estimate
Expat manager has already been hired and will be on board by April 2019
ABACA plans to soft-open mid of 2019.


Residential Unit Price
Studio C: 46square meters with 27 square meters Balcony
Php 7,313,592.47 Vat inclusive

1BR : 76square meters with 26square meter balcony
Php 14,940,000.00 Vat inclusive

Reservation : Php 50,000.00
Down payment : 20% (cash or 12months to pay)
Balance: 80% cash upon turn over or Bank
Misc fee: 4.5%

For sample Computation please email us.

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