park-point-residences
125 meters₱15,000,000.00Video Tour
Virtual Tour
Property Overview
Project Selling
Ready for Occupancy / Ready for Use
Condominium
Condominium
The Alcoves is a luxurious 39-storey high-end residential condominium project located at the heart of Cebu Business Park. Developed by Ayala Land Premier, this iconic twin-tower development features 480 distinctive living spaces with 4-10 units per floor ensuring utmost privacy. The project seamlessly integrates with Ayala Center Cebu, offering direct access to retail, dining, and entertainment establishments. Each unit is designed with generous spacing, high ceilings, wide windows, and premium finishes, creating an unparalleled urban lifestyle in the Queen City of the South.
Building Information
Tower Tower A 39 floors
Tower Tower B 39 floors
Units
Available units in The Alcoves By Ayala Land Premier
Location & Neighbourhood
- Full AddressLuzon Avenue, Cebu Business Park, Barangay Mabolo, Cebu City
- SubdivisionCebu Park District
- City / MunicipalityCebu City
- ProvinceCebu
- Zip Code6000
- Walkability Score85
Nearby Places
- Ayala Center CebuDirect accessImmediate
- University of San Carlos2 km5 minutes
- Cebu Doctors Hospital1.5 km4 minutes
- Chong Hua Hospital2 km6 minutes
- Perpetual Succor Hospital2.5 km7 minutes
- Mactan Channel3 km east10 minutes
- USC Montessori Academy1.5 km4 minutes
About the Neighbourhood
The Alcoves is strategically positioned in the heart of Cebu Business Park, one of the Philippines' premier economic zones and PEZA-accredited IT economic zone. The area is characterized by modern commercial facilities, multinational corporate offices, and a vibrant business community. Direct access to Ayala Center Cebu provides residents with unmatched convenience for shopping, dining, entertainment, and leisure activities. The neighborhood epitomizes urban sophistication with excellent connectivity to educational institutions, hospitals, and recreational facilities.
Flood Risk Information
Cebu Business Park is located in a relatively elevated area with proper drainage infrastructure. The site includes a master-planned underground drainage system designed to protect properties from flooding and water accumulation issues.
Legal Documentation
Clear Title
Yes
Occupancy Permit
Yes
Zoning Information
Commercial/Residential Mixed-Use Development in Cebu Park District under PD 957 regulations
Additional Information
- Reason for SellingDeveloper pre-selling units to qualified buyers for investment and personal residence purposes
- Pet PolicyPet policies subject to HOA rules and approval; restrictions may apply
- Renovation HistoryModern construction completed in 2020 with state-of-the-art finishes and systems
- Storage SpacesWalk-in closets and utility areas in all units; additional storage available upon request
- Cultural HeritageLocated in Cebu Business Park, part of the Cebu Park District's urban renaissance and modern development vision
- Accessibility NotesElevator access on all floors; ground-level drop-off for convenient entry; designed for urban accessibility with direct mall linkage
Market Insights
Comparative Listings
1016-residences
347 meters₱18,000,000.00sedona-parc
422 meters₱16,500,000.00bpi-cebu-corporate-centre
428 meters₱17,000,000.00Rental Potential
8.5%
Expected annual rental yield
Historical Price Trends
The Alcoves has maintained strong price appreciation since completion in 2020. Units completed in 2020 have appreciated approximately 15-20% in value over the past 3-4 years, reflecting strong market demand and premium positioning within Cebu Business Park.
Future Development Plans
The Alcoves is part of the larger Cebu Park District master-planned development, which continues to attract multinational corporations and IT companies. Expansion of the Ayala Center Cebu mixed-use hub and enhanced transportation infrastructure in the area are expected to drive future appreciation and demand.
Reviews & Feedback 4.7
(4 reviews)
Maria Santos September 15, 2024
Excellent location with direct access to Ayala Center. The amenities are world-class and the building management is very professional. Highly recommend for young professionals.
Juan Dela Cruz August 22, 2024
Great investment. The building is well-maintained and the community is vibrant. Direct mall access is a huge convenience factor.
Patricia Reyes July 10, 2024
The units are spacious and well-designed. Security is excellent with 24-hour personnel. Only minor issue is parking availability during peak hours.
Robert Tan June 5, 2024
Premium address in Cebu City. The views are spectacular, especially from higher floors. Worth every peso invested.