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Residential Lot for Sale in Maria Luisa Estate Park Cebu
Lot Area: 5,688 sqm
Location: Maria Luisa Estate Park, adjoining Phase 4, along Paseo Annette
TCP: 119, 448, 000.00
The property offered for sale is a contiguous parcel of land adjoining Phase 4 of Maria Luisa Estate Park.
This property with views of the mountains of Cebu has a 45-meter long frontage along Paseo Annette in Phase 4 of MLEP. Paseo Annette is known as the Billionaires Row with the large residences of Michel & Amparo Lhullier, Luym and Young families living along this road. The property is not yet a member of the MLEP Subdivision but application is open for such a purpose. It also has an access road outside of this subdivision passing through Barangay Bud-laan.
The property is being offered for sale on an as-is-where-is basis for Php15,000 per square meter. Capital Gains Tax for the account of the seller. This is taking into account that the property is not yet a member of the Homeowners’ Association of Maria Luisa Estate Park. Recent inquiry with the MLEP office has indicated that the registered owner of the property can apply for membership and upon approval will be subject to a one-time fee of Php4,500 per square meter. Upon acceptance as a member, the lot can now be opened up for access from inside MLEP.
The current sales transactions of lots located inside MLEP range from a low of Php30,000 for the large lots to Php50,000 for the smaller lots.
Lot Area: 5,688 sqm
Cebu’s most sought-after residential development not only by locals but foreigners as well. With lots that give you the best views of the surrounding landscape, gorgeous valleys, and hills, Maria Luisa Estate Park remains unsurpassed. A drive through this posh subdivision’s winding roads will reveal why this is so-called the “Beverly Hills of CEBU and “Forbes Park of CEBU”. Many of the country’s wealthiest families, as well as foreign businessmen, Diplomats, live there.
The subject property is a vacant lot located along Phase 4 of Maria Luisa Estate Park, situated in Barangay Bud-laan, Cebu City, is known as the Billionaire’s Row, with this property being located beside the residences of
Cebu’s high-profile personalities, Michel and Amparito Lhuillier. Honorary French Consul in the city, Michel Lhuillier, together with his wife, Amparito nee Llamas. The Lhuilliers run the biggest pawnshop and money remittance company in the Philippines.
Lhuillier house (1 1/2 Hectares) a hectare and a half of land commanding a spectacular 180-degree view of the metropolis below in Maria Luisa Estate Park.
Your neighborhood includes
Luym family of Cebu:
Lu (吕) is a Filipino-Chinese entrepreneurial family. Lu Do (吕裕) was born in 1860 in Xiamen in the province of Fujian (China). He migrated to the Philippines in 1877 and established two years later a soap and candle factory in Cebu. In 1907 he returned to his home village and took his son Lu Ym (吕音) back to the Philippines and started to engage in coconut business. In 1931 they established a coconut oil mill with a daily production of 10 tons.
Cebu is the country’s oldest city is not only rich in culture and history, it is, quite literally, rich.
In 2019, the Commission on Audit announced that, for the fifth year in a row, Cebu was the richest province in the Philippines.
It’s not really a surprise. Cebu is home to many of the richest and most prominent names in the Philippines, and most of them are connected to one man.
The Gothongs’ long history started with Don Carlos Gothong who moved to the Manila in 1910 from Fujian, China.
Pedro Gotiaoco was a peddler who settled in Cebu after migrating from Fujian, China.
The Gaisano last name may not be top of mind in the North, but everyone knows it in Visayas and Mindanao, particularly for its chain of regional shopping malls.
Andrew Lo Gotianun Sr. made his Filinvest fortunes in Manila, but his family hailed from Cebu. The tycoon, who started his enterprise in automobiles after the war, was distantly related to the Gokongweis as his grandfather was the half-brother of Pedro Gotiaoco.
Cebu is one of the most prosperous localities in the country with its glowing economy. Add to the charm of Cebu is that it hasn’t lost its provincial charm with its beautiful beaches and natural resources. Cebu is considered an investment hub as developed as Metro Manila.
Reasons why you should invest in Cebu?
The Mactan-Cebu International Airport, Cebu’s very own airport is very accessible to people both local and foreign. It is also a famous trans-shipment port of imports and exports.
2. Great labor force:
Cebu is home to hundreds of tech and BPO related companies. It has one of the most productive labor forces in the country. It also ranked 8th at the Top 100 Outsourcing Destinations in the World. Finding a job or getting employees in Cebu will never be a problem.
3. Increasing tourism:
Cebu is a regular magnet for tourists.
MCIA recorded a total of 3.9 million foreign arrivals for the first 11 months of 2019.
4. Lively lifestyle:
Cebu is far from the quaint locale that it used to be. Today, the Queen City of the South is bustling with cosmopolitan life. Malls and entertainment centers are everywhere. There are also bars, clubs, and restaurants that keep the nightlife exciting and vibrant.
5. Secured everyday:
The city prides itself on being one of the most peaceful areas in the Philippines.
The southern island of Cebu, touted as one of the safest cities in the Philippines by TripAdvisor, offers a tropical escape for tens of thousands of foreigners each year.