The Reef Residences, Studio Unit 16XX, 7-sqm Balcony, Views of Olango Island, Hilutungan Channel, Sea View, Morning Sun. The Reef Mactan Residences are located 9 kilometers from Mactan International Airport on the north east side of the island and is bordered on the south by Crimson Resort and to the north by Mactan Newtown and Shangri-La . The development is a two tower project. The main building is 25 stories and houses the residences, the restaurant, the bakery, the spa, the bar, gym, infinity pool, and hotel lobby. The 18 story Abaca Boutique Hotel is located in the second tower just south of the residential building. The majority of residence units are ocean facing and have a glass wall that are east facing to seamlessly blend the indoor and outdoor space. With the restaurant, bar, and hotel fully now operational, the residences have become one of my favorite places to live and as of 2023, would be my personal top choice for a personal residence in Cebu. Property & Developer Details:
- The hotel, restaurant, bakery, and bar are all managed in partnership with the Abaca group.
- The developer is Land Caster Estates.
- The architects and designers: Budji Layug+ Royal Pineda with input from Kenneth Cobonpue
- Condo dues are 90 pesos per sq m.
- There is a current shortage of designated parking spaces and there is currently a waitlist.
- As part of the development plan the developer plans on constructing a multistory parking garage as well as additional residential villas. It would be situated on the open lot on the west side of the building that is currently used as a parking lot
- A future rooftop bar is a part of the development plan; however we are not aware of the completion date.
- There currently is a concrete barrier that jetties out into the water in the beach area which they will be removing in the near future; however we are not aware of the completion date.
Address
16XX The Reef Mactan Residences
List Price
$10,300,000
Type of Dwelling
Apartment
Area
Cebu
Sub-Area
Dapdap, Lapu-Lapu City
Bathrooms
1
Floor Area
45 Sq M.
Year Built
2018
Maint. Fee
$90.00
MLS® Number
SELL24022605
Listing Brokerage
Haller International Realty
Postal Code
6015
Building