THE REEF MACTAN

• Punta Engaño, Mactan Lapu-lapu Cebu

THE REEF is an exciting new concept in luxury beach front condominium living rising out of the shores of world-famous beaches of Mactan, Cebu.

Right Along the same shoreline as renowned resorts like Hilton. Shangri-la. Crimson and Imperial Resort. This is a one of a kind project in Cebu.

THE REEF is an exciting new concept in luxury beach front condominium living rising out of the shores of world-famous beaches of Mactan, Cebu.

Right Along the same shoreline as renowned resorts like Hilton. Shangri-la. Crimson and Imperial Resort. This is a one of a kind project in Cebu.

Offering wide balconies on all units. Each homeowner wakes up to the sound of the waves and the rising sun streaming golden rays right into his balcony.

We have world-class amenities, massage & spa rooms. Infinity pools, sky decks, boardwalks, gym, clubhouse, and a host of various water sports (jet skis, hobby cat sail, kayaks, water cycles, etc.) as part of our standard amenities for a very exclusive lifestyle living.

It is a 26-storey beach front luxury condo, which offers first class amenities, total luxury lifestyle living.

All units will have glass walls, glass railings and glass sliding doors facing the sea (east). Ample balconies are provided to every unit to extend the living space outdoors.

A full range of aqua sports facilities (jet ski, speed boats, wakeboarding, kayak, hobby cat sail, water playgrounds, etc.) will be offered as basic features. An award-winning restaurant/ café will be operating at the lobby. Abaca group is renowned to be one of the best restaurants in the country and even Asia. They will operate a boutique hotel with function rooms, gym, spa, and sky lounge bar. The pool will be a huge infinity type overlooking the sea. Homeowners have the option of buying their own watercraft and they can buy a parking slot downstairs. There will be a lounge area on the boardwalk that directly connects to the beach front/sea.

AMENITIES & FACILITIES

• Beach Front Boardwalk with Outdoor Café
• Wide 250-meter beach front
• Ample Parking Spaces for all units
• 24-Hour Security
• All units wide big balconies facing beach front
• 24-Hour standby full generator
• Interior gardens, open facades, reflecting pools in the Lobby
• Large 300-SQ. Meter Infinity Pool facing the sea

Water Sports Facilities Included

• Jet Skis
• Speedboat
• Kayaks
• Water Park
• Hobby Cat Sail
• Banana Boat
• Wake Board
• Mini Movie Theatre
• Parking Slots for Owners’ Jetskis and Speedboats
• Units include built-in split-type aircon
• All units with wardrobe cabinets, full kitchen cabinets with cook top and range hood
• Glass walls facing sea with glass balcony railings
• Ramp for launching Jet Skis and Speedboats
• Helipad
• High-Speed Elevators

ABACA REEF HOTEL
AMENITIES

• Abaca Boutique Hotel
• Abaca Restaurant/Café
• SPA
• Function Hall for Parties
• Outdoor Poolside Cafes
• Sky lounge/Bar
• Gym

On its first few floors, The Reef is a luxury boutique hotel run by the award-winning Abaca Group. Abaca’s superb track record is proven by its international accolades, being excellently reviewed by many famous magazines and awarded high ratings by the world’s most prestigious travel authorities.

UPDATED AS OF JULY 13,2022

TOWER 1 RESIDENTIAL

STUDIO C  W/ BALCONY

UNIT DETAILS: STUDIO C  WITH BALCONY

• Floor No. 18^th
• Unit Area: 45 sqm

Total Contract Price: 10,281,600

• SPOT 20% Down payment: 2,006,320.00
• Reservation Fee: 50,000.00
• Net Down payment: 2,006,320 to be paid after one month of reservation
• 80% Remaining Balance thru Bank Financing or Cash
• Loanable Amount: 12,250,000.00
• MISCELLANEOUS FEES: P308,448.00
• OUTRIGHT CASH w/ 6% DISCOUNT: P9,614,704.00

1-BEDROOM W/ BALCONY

UNIT DETAILS: ONE BEDROOM  WITH BALCONY

• Floor No. 17^th
• Unit Area: 67 sqm

Total Contract Price: 17,259,200

• SPOT 20% Down payment: 3,451,840.00
• Reservation Fee: 50,000.00
• Net Down payment: 3,401,840 to be paid after one month of reservation
• 80% Remaining Balance thru Bank Financing or Cash
• Loanable Amount: 13,807,360.00
• MISCELLANEOUS FEES: 466,720
• OUTRIGHT CASH w/ 6% DISCOUNT: 16,173,648

TOWER 2  RESIDENTIAL

STUDIO W/ BALCONY 

UNIT DETAILS: STUDIO   WITH BALCONY

• Floor No. 14^th
• Unit Area: 40 sqm

Total Contract Price: 7,800,000 VAT INCLUSICE AND MISC. FEES

• SPOT 20% Down payment: 1,560,000
• Reservation Fee: 50,000.00
• Net Down payment: 1,510,000 to be paid after one month of reservation
• 80% Remaining Balance thru Bank Financing or Cash
• Loanable Amount: 6,240,000.00

INCLUSIONS:

TOWER 2: THE REEF CONDOTEL

A Landmark Collaboration

Of worthy mention is The Reef Mactan’s phenomenal design team, comprised of the Philippines’ most renowned architects and designers: the partnership of Budji Layug + Royal Pineda, hailed as the country’s preeminent architectural and interior design firm, with the input of world-famous designer Kenneth Cobonpue, whose unmistakable touch can be seen in many details of the project.

In a breathtaking and unprecedented collaboration, these three design titans have created a landmark structure that is an expression of their technical and artistic talents. Because of this rare synergism, The Reef is a historic masterpiece that is a prestigious testament to its owners’ excellent level of taste.

An Elite Partnership

On its first few floors, The Reef Mactan is a luxury boutique hotel run by the award-winning Abaca Group. Abaca’s superb track record is proven by its international accolades, being excellently reviewed by many famous magazines and awarded high ratings by the world’s most prestigious travel authorities.

Special Brands

On top of these, we are using Belgian glass company Reynaers Aluminum for all our windows. They are one of the biggest and best aluminum glass suppliers to many landmark buildings all over the world. We are their only client in the Philippines. We are using high-end Mitsubishi elevators for all our lifts, and Baudouin brand generators for smooth 24/7 quiet, and efficient power operations. This brand is very famous for being used in most of the superyachts of the world. And the list goes on and on. We have spared no expense to make this a project that we will all be proud of.

PROJECTED RETURN ON INVESTMENT OF THE CONDOTEL:

• Monthly Share at 55% Occupancy – P20,010.38
• Monthly Share at 60% Occupancy – P21,829.50
• Monthly Share at 65% Occupancy – P23,648.63
• Monthly Share at 70% Occupancy – P25,467.75
• Monthly Share at 75% Occupancy – P27,286.88

UNIT DETAILS: STUDIO  WITH BALCONY

• Floor No. 9^th
• Unit Area: 34 sqm

Total Contract Price: 5,020,800

• Outright Discount: 420,800
• Total Contract Price less Discount: 4,600,000
• 30% Down payment: 1,360,000
• Reservation Fee: 50,000.00
• Net Down payment: 1,380,000 
• Monthly Down payment: 73,888.89
• 70% Remaining Balance thru Bank Financing or Cash
• Loanable Amount: 3,220,000.00
• SPOT CASH PAYMENT:6% DISCOUNT
• MISCELLANEOUS FEES: P207,000
• FURNISHING & APPLIANCES: P500,000.00