Ask a question on RESAAS

Ask a question on RESAAS

If you’ve got a question about anything real estate related, from mortgages to selling to renovations, ask it in the bar above.

Thanks

Now sit back and get ready for an answer from a real estate professional.

Q
MarketStatus = OnMarket MarketStatus (value) = 0 ExpirationDate = HoursToExpiry =

Sabang Olango Island Lapu-lapu City, Lapu-lapu City, Cebu, Philippines, 6015

  • Posted: 4/25/2014 5:41:02 AM

35400

sqm (approx)

$2,250,000 USD

Excellent location for an Eco-tourism/Adventure Resort right in the heart of Cebu! 3.54 Hectares of beach property with 300+ meters white sand beach, directly accessible by Barangay road.FOR SALE! 3.54 HECTARES BEACHFRONT (P2,800/SQ.M.) SABANG, OLANGO ISLAND • Beautiful and tranquil location:35,400 square meters of white sand dotted with sweet water coconut trees.• 15 minute water taxi ride from Mactan Island and Cebu City•Within 8 kilometers from Mactan Cebu International Airport• Next to the metropolitan area of Cebu with 2 Million+ population• Adjacent to the Olango WildlifeSanctuary, separated from the protected zone by a clear, smooth inlet perfect for kayaking and non-motorized water sports.• Olango: the next tourism and adventure location of Cebu.• Local fresh water wells on site• Cebu: the number 1 foreign tourist destination in the country.• Cebu: several times voted as one of the Top Ten tourism island by Conde Nast Travel• Cebu: is the center of the Visayan Sea, also known as the Center ofthe Center of marine biodiversity.• The site also faces the world renown double-reef Danahon System.• Incredible scuba experience in nearby marine sanctuaries.• Similar beachfront properties in Mactan ranges from P10,000 -P25,0000/ sq. m. Rapidly growing market in the country’s leading tourist destination: Cebu Foreign tourist arrivals in the Philippines have been steadily increasing at double digit rates for the last six years. In 2010, it grew by 16.7%. And Cebu has been at the top in terms of destinations within the country. The Top 12 source countries to Cebu in 2010 were: Korea, USA, Japan, China, Australia, Taiwan, Hong Kong, Singapore, Canada, UK, Malaysia, and Germany. Ecotourists spend on average $90/day versus $60/day for a typical beach tourist. According to the DOT Philippines, an estimated 120,000 tourists who describe themselves as “ecologically and environmentally focused,” visited Cebu in 2009. ! Cebu is blessed with at least two “sunshine industries: Tourism and the Business Process Outsourcing (BPO). As it happens, these two will synergistically affect potential businesses that would be perfect for this Olango location. One idea is a tourism resort while the other could be a luxury retirement condo complex. And as more hospitals gain their international accreditations, a third potential could be the Medical Tourism sector. ! Perfect for a tranquil resort or ecotourism adventure location. Whatever your plans are, this is an opportunity at the right place, and right time! CEBU: Number 1 foreign tourist destination in the country! And the property is minutes away from the Mactan Cebu International airport! Beauty, Tranquility and Location. Property Size: TCT 110-2011000269 (33,787 Sq. M.) TCT 110-2011000268 (1,613 Sq. M.) Total Area: 35,400 Sq.M. Price per Square Meter: P2,800/Sq. M. Estimated Total Price: P99,120,000 (~USD 2.25 Million)