PROPERTY DESCRIPTION:

                                                                                                           OCEAN FRONT PROPERTY

FOR SALE

2.6 Hectares in Punta Engano,

MactanIsland, Cebu, Philippines

POINT OF INTEREST

Shoreline Distance  :  165 meters

Terrain  :  Mostly flat. Natural rock sea barrier approximately 4 meters high.

Proximity to Landmarks  :  Only several hundred meters from Hilton and Shangi-La resorts. 15 minutes away from Mactan International Airport (which handles over 10,000 Passengers daily).

Accessibility :  Private access driveway to main road of Punta Engano.

OVERVIEW

This ‘must see’ property has tremendous opportunities for any developer to create a world class resort, condominium complex or middle to high class housing development. The property overlooks Magellan Bay and offers a great view of Cebu City. The night time city view is especially spectacular. The land terrain is basically flat which creates an ideal foundation for any development.

This area of Punta Engano is very quiet and sparsely populated. Considering that Shangri-La, Hilton and other business have already invested in this region all indicates that this area is destined to be Cebu’s tourist destination. Also condominium and housing projects like, Coral Point, Discovery Ban and Amisa at the northern tip of the island further support the fact that this region is destined for great progress.

With all the Philippine economic indicators showing steady strong growth in land development and the obvious increase in tourism, this property is perfectly situated to become a lucrative project for any developer.

TOTAL LOT AREA:  25,994 sq.m.

SELLING PRICE:   P 220,949,000.00 or P8,500.00 per sq.m.