The Reef Residences located in Mactan, Cebu City. . .

THE REEF – is the creation of an elite team, comprised of the Philippines’ most celebrated design and management talent.

It represents the synergy of our top architectural and design firm., a world famous furniture designer and an award-winning boutique resort and restaurant operator in a first ever trifecta of distinction, excellence and limitless luxury.

THE REEF

This upscale, multi-storey hotel+residences along the famous beach of Mactan, Cebu, Philippines offers a transformational way of living a vibrant, sophisticated lifestyle.

Located on a 4,447 square meter lot, the development is composed of two (2) Towers; namely REEF RESIDENCES and SOUTH REEF.

REEF RESIDENCES has 24 floors with a Total Floor Area of 29, 129 square meters.  The REEF RESIDENCES offers 4 room types: Studio, 1-bedroom, and the 2 or 3-bedroom suites.  Each energy-efficient unit is equipped with world-class amenities.

STUDIO –  ( RFO ) 

PHOTOS

Floor / Unit  –  24th Floor
2404 – A
Unit Type  –  Studio
Floor Area  –  30 sq. m.
Ext Bal Area  –  5
Total Area  –  35 sq. m.
Price for Unit  –  7,589,285.71
E-VAT  –  910,714.29
Total Contract Price  –  8,500,000.00
Reservation Fee  –  50,000.00

PAYMENT SCHEME :
Option A 
30% Outright DP Less :  Reservation Fee :  2,500,000.00
70% Balance thru Bank Loan :  5,950,000.00

READY FOR OCCUPANCY!
Floor / Unit  –  24th Floor
Unit Type  –  1-Bedroom
Floor Area  –  57 sq. m.
Ext Bal Area  –  10
Total Area  –  67 sq. m.
Price for Unit  –  13,392,857.14
E-VAT  –  1,607,142.86
Total Contract Price  –  15,000,000.00
Reservation Fee  –  50,000.00

PAYMENT SCHEME 
Option A 
30% Outright DP Less :  Reservation Fee :  4,450,000.00
70% Balance Thru Bank Financing :  10,500,000.00

NOTE:
* Total Contract  Price or EXCLUSIVE of MISCELLANEOUS FEES – these are taxes associated with the transfer of Title and other expense charge to Buyer’s account.
* Floor Area is inclusive of the regular balcony
* Note that these are not company inventories. We are only assisting clients with special cases.
CONDITION :
* the prices per square are lower than current/company inventory. Therefore, Buyer’s are requested to sign on the Deed of Absolute Sale reflecting the old price.

UPDATED PRICE AS OF MAY 30, 2023

NOTE :
*  Total Contract Price is Exclusive of Miscellaneous Fees – these are taxes associated with the transfer of Title and other            expenses charge to Buyer’s Account
*  Units with * sign is either corner unit or an end unit
*  Floor Area is inclusive of the regular balcony

LEGEND:
*  Corner Units
AV Sea View
C Facing Crimson

Ownership info in the Contract to Sell ( CTS ) is deemed final; change in ownership thereafter CTS will be charged 50,000.00 fee.

PHOTOS

SOUTH REEF, an 18 –storey building beside Reef Residences, has a Total Floor Area of 14, 911 square meters. This is a condominium-condotel mixed project, where condotel rooms of 34 or 40 square meters are available for short-term residents.  The home-grown, high-end Abaca Hotel is integrated into the development, providing the luxurious, boutique hotel experience renowned globally.   Two prime front units are available as residences only; an Executive Studio and a 1-bedroom unit with about 70 and 90 square meters respectively inclusive of the wrap-around balcony.

SOUTH REEF CEBU HOTEL + RESIDENCES – NON RFO

CONDOTEL UNITS

Floor / Unit  –  3rd  Floor / 302
Unit Type  –  Studio B
Floor Area  –  40 sq. m.
Ext Bal Area  –  0

Total Area  –  40 sq. m.
Price for Unit  –  5,440,893.00
E-VAT  –
Total Contract Price  –  5,440,893.00
Reservation Fee  –  50,000.00

PAYMENT SCHEME
Option A
30% Down payment 18 mos. to pay Less Reservation Fee  –  87,903.77

Option B
20% Outright Down payment 5% Discount Less reservation Fee  –  983,769.67

Option  C
30% Outright DP 5% Discount Less reservation Fee  – 1,500,654.51

Option D
50% Outright DP 6% Discount Less Reservation Fee  –  2,507,219.71

Option E
Outright Cash 8% Discount Less Reservation Fee  –  4,955,621.56

NOTE :
1. Reservation Fee :  50,000.00
2.  Miscellaneous Fee :  4.50%
3.  Parking ( Optional ) :  850,000.00

FOR CONDOTEL UNITS ( SHADED ) :  500,000.00
( Furnishing $ appliances )
Floor Area is inclusive of the regular balcony

Floor / Unit  –  5th
Floor –  502
Unit Type  –  Studio B
Floor Area  –  40 sq. m.
Ext Bal Area  –  0

Total Area  –  40 sq. m.
Price for Unit  –  5,440,893.00
E-VAT  –
Total Contract Price  –  5,440,893.00
Reservation Fee  –  50,000.00

PAYMENT SCHEME
Option A
30% Down payment 18 mos. to pay Less Reservation Fee  –  87,903.77

Option B
20% Outright Down payment 5% Discount Less reservation Fee  –  983,769.67

Option  C
30% Outright DP 5% Discount Less reservation Fee  – 1,500,654.51

Option D
50% Outright DP 6% Discount Less Reservation Fee  –  2,507,219.71

Option E
Outright Cash 8% Discount Less Reservation Fee  –  4,955,621.56

Floor / Unit  –  7th
Floor –  701
Unit Type  –  Studio B
Floor Area  –  40 sq. m.
Ext Bal Area  –  0

Total Area  –  40 sq. m.
Price for Unit  –  5,440,893.00
E-VAT  –
Total Contract Price  –  5,440,893.00
Reservation Fee  –  50,000.00

PAYMENT SCHEME
Option A
30% Down payment 18 mos. to pay Less Reservation Fee  –  87,903.77

Option B
20% Outright Down payment 5% Discount Less reservation Fee  –  983,769.67

Option  C
30% Outright DP 5% Discount Less reservation Fee  – 1,500,654.51

Option D
50% Outright DP 6% Discount Less Reservation Fee  –  2,507,219.71

Option E
Outright Cash 8% Discount Less Reservation Fee  –  4,955,621.56

NOTE :
1. Reservation Fee :  50,000.00
2.  Miscellaneous Fee :  4.50%
3.  Parking ( Optional ) :  850,000.00

NOTE :
1. Reservation Fee :  50,000.00
2.  Miscellaneous Fee :  4.50%
3.  Parking ( Optional ) :  850,000.00

FOR CONDOTEL UNITS ( SHADED ) :  500,000.00
( Furnishing $ appliances )
Floor Area is inclusive of the regular balcony

RESIDENTIAL UNITS:

Floor / Unit  –  5th
Floor –  513
Unit Type  –  1-Bedroom
Floor Area  –  65 sq. m.
Ext Bal Area  –  26

Total Area  –  91 sq. m.
Price for Unit  –  15,625,000.00
E-VAT  – 1,875,000.00
Total Contract Price  –  17,500,000.00
Reservation Fee  –  50,000.00

PAYMENT SCHEME
Option A
30% Down payment 18 mos. to pay Less Reservation Fee  –  288,888.89

Option B
20% Outright Down payment 5% Discount Less reservation Fee  –  3,275,000.00

Option  C
30% Outright DP 5% Discount Less reservation Fee  –  4,937,500.00

Option D
50% Outright DP 6% Discount Less Reservation Fee  –   8,262,500.00

Option E
Outright Cash 8% Discount Less Reservation Fee  –  16,400,000.00

Reservation Fee :  50,000.00
Miscellaneous Fee :  4.55
Parking ( Optional ) :  900,000.00
floor area is inclusive of the regular balcony

PHOTO

For more info & for site viewing:
Pls. Contact:

CAROL N. CALIBO
Investment Manager
MauRealty & Brokerage
HLURB-CVRFO-A-11/17-0514

email ad:    carol_calibo16@yahoo.com
gmail:           carolina.calibo16@gmail.com

Tel:                (032) 516-5441 / (032)427-7611
Sun:              +639255003410 / +639329691358
Globe:          +639176207235

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