Property Reviewer September 15, 2024
Quiet and cozy condo apartment on second level. Well presented and clean. Good location near Mactan airport.
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Property Overview
Project Selling
Ready for Occupancy / Ready for Use
Condominium
Residential Condo
Pacific Grande Residences is an affordable condominium development by Pacific Land Realty Development Corp. located in Gun-Ob, Lapu-Lapu City, Cebu. Building 11 is part of this economic housing project with 92 residential condo units. The development features modern amenities including swimming pool, fitness gym, clubhouse, and is strategically located near major commercial zones and employment centers. The project offers socialized and economic housing units designed for first-time homebuyers and investors seeking affordable residential space with modern facilities.
Building Information
Tower Building 11 4 floors
Units
Available units in Pacific Grande Residences Building 11
Location & Neighbourhood
- Full AddressS. Osmeña Street (South Osmeña Street), Gun-Ob, Lapu-Lapu City, Cebu, Philippines
- SubdivisionPacific Grande Residences
- City / MunicipalityLapu-Lapu City
- ProvinceCebu
- Zip Code6015
- Walkability Score65
Nearby Places
- Mactan Export Processing Zone 2 (MEPZ 2)500 meters5-10 minutes
- Lite Industrial Park (MEPZ 3)1 kilometer10-15 minutes
- Mactan-Cebu International Airport8-10 kilometers15-20 minutes
- SM City Cebu9 kilometers20-30 minutes
- Ayala Center Cebu10 kilometers25-35 minutes
- Lapu-Lapu General Hospital3 kilometers10-15 minutes
- Mactan Doctors Hospital4 kilometers15-20 minutes
- The Outlets at Pueblo Verde2 kilometers10 minutes
- Our Lady of the Rule Church1.5 kilometers8 minutes
About the Neighbourhood
Gun-Ob is a strategic location in Lapu-Lapu City, positioned near major commercial and industrial zones. The area is well-connected with three major roads providing easy access to Mactan Export Processing Zone and Lite Industrial Park. The neighborhood is developing as a business-residential hub with proximity to international airport, shopping centers, and medical facilities. The location offers a balance between residential comfort and easy access to employment centers.
Flood Risk Information
Standard flood risk for Mactan Island area. The property is part of planned development with proper drainage and sewerage systems designed for flood management.
Legal Documentation
Clear Title
Yes
Occupancy Permit
Yes
Zoning Information
EH Condo - BP 220 (Residential Condominium classification)
Additional Information
- Reason for SellingNew development project by developer offering first-time homebuyer opportunities
- Pet PolicyNot explicitly stated
- Renovation HistoryNew development completed in 2020
- Storage SpacesBasement parking for cars and motorcycles (330 car spaces and 350 motorcycle spaces)
- Cultural HeritageLocated near Our Lady of the Rule Church and community-oriented development
- Accessibility NotesGround floor units with wide stairs and hallways for accessibility
Market Insights
Rental Potential
15%
Expected annual rental yield
Historical Price Trends
Pacific Grande Residences has been under development since 2016-2017, transitioning from pre-selling to ready for occupancy status. Pricing has remained relatively stable for socialized units (PHP 600,000-615,000) and economic units (PHP 965,000-980,000), reflecting the affordable housing market segment.
Future Development Plans
The project is positioned near the growing Mactan Export Processing Zone and Lite Industrial Park, with future commercial development anticipated in the surrounding area.
Reviews & Feedback 3.5
(3 reviews)
Investor August 20, 2024
Affordable housing option with good investment potential near industrial zones. Great amenities for the price point.
Tenant July 10, 2024
Good location near employment centers. Reasonable rental rates and quiet environment.