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Condo for Sale in The Reef Mactan, Mactan, Lapu-Lapu, Cebu

In short: condo for sale in Lapu-Lapu, Cebu with 55 sqm, 1 bathroom, asking PHP 9,700,000 (about PHP 176,364 per sqm). Listed on Phil Realty; information updated 2026-11-13.

PHP 9,700,000

Condo for Sale in The Reef Mactan, Mactan, Lapu-Lapu, Cebu

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Condo for Sale in The Reef Mactan, Mactan, Lapu-Lapu, Cebu – photo 1

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1Bathrooms

55Floor sqm

CondoType

About this property

Presented by Phil Realty: a condo for sale in The Reef Mactan, Mactan, Lapu-Lapu, Cebu, offering 55 sqm of floor area and 1 bathroom. Asking price: PHP 9,700,000. Highlights include Studio Unit with Seaview; With Large Balcony; Floor Area Size 55sqm; With 1 T&B with Bath Tub; Unit in 9th Floor. Amenities and features include Swimming pool, Air conditioning, Gym, Security, Balcony, 24-hour security, Children's area, Panoramic view, Concierge, Elevator, Built-in wardrobe, CCTV, Hot Tub. Schedule a private viewing with Phil Realty to walk the property and review full documentation.

Amenities & features

Swimming poolAir conditioningGymSecurityBalcony24-hour securityChildren's areaPanoramic viewConciergeElevatorBuilt-in wardrobeCCTVHot Tub

Location

The Reef Mactan, Mactan, Lapu-Lapu, Cebu

PHP 9,700,000

Condo · For Sale · Lapu-Lapu, Cebu

▼ 15% below Phil Realty Estimated Value

Phil Realty Estimated Value: PHP 11,458,000 · Confidence: High

Comparables: 15% below area asking prices (median of 13 Condo listings, same tower).
BIR: 76% over BIR zonal value BIR match approximate — official BIR zonal value for ALL OTHER CONDOMINIUMS (RC): PHP 100,000/sqm × 55 sqm unit floor area = PHP 5,500,000 · RDO 080 (Mandaue City, Cebu) · eff. 2020.

How we estimate

Phil Realty Estimated Value is based on asking prices (no asking-to-sale discount applied). Market part: median asking PHP/sqm of comparable listings of the same type (same tower, else same barangay, else same city; at least 3; outliers removed by IQR; similar-size listings when there are enough; this listing excluded). When comparables are thin, we add or use a city/province market-to-BIR-zonal ratio calibrated on our own listings, applied to this property's BIR zonal basis. The BIR zonal value is used as a floor only (building improvements are not added). Confidence: High = 5+ same-tower or 10+ same-barangay comparables; Medium = fewer; Low = city-level or ratio estimate.

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