For Sale ₱236,850,000 - Commercial Lot
Last Commercial Lot in Seagrove Mactan: 1,579 sqm Commercial Development Site in Punta Engaño, Mactan
The last commercial lot currently available in Seagrove Mactan.
Seagrove Lot 5 is a 1,579 sqm commercial development parcel located along Seagrove Drive in Seagrove, Punta Engaño, Lapu-Lapu City, Cebu.
The property is offered at:
₱150,000 per sqm
VAT exclusive
Indicative land value: ₱236,850,000
The site has a stated Floor Area Ratio (FAR) of 5, giving the 1,579 sqm parcel a potential gross floor area of approximately 7,895 sqm, subject to the applicable estate guidelines, development controls, approvals and final project design.
For developers evaluating Seagrove Mactan commercial property, this is an opportunity to secure a development site inside one of Ayala Land’s established Mactan estate projects.
Property Snapshot
| Property | Seagrove Lot 5 |
| Property Type | Commercial Development Lot |
| Location | Seagrove Estate, Punta Engaño, Lapu-Lapu City |
| Lot Area | 1,579 sqm |
| Price | ₱150,000/sqm VAT exclusive |
| Indicative Land Value | ₱236,850,000 |
| FAR | 5 |
| Potential GFA at FAR 5 | Approx. 7,895 sqm |
| Site Occupancy | 61% |
| Maximum Curb Cuts | 2 |
| Parking | Podium and basement parking allowed |
| Street Frontage Requirement | 3-meter arcade zone |
| Front Setback | 5 meters |
| Side Setback | 3 meters |
Availability and development parameters should be confirmed before acquisition.
Why This Seagrove Commercial Lot Is Different
This is not simply a large commercial lot in Mactan.
The property is located inside Seagrove, a masterplanned coastal estate in Punta Engaño.
Ayala Land identifies Seagrove as a 13.6-hectare estate in Mactan, Cebu, and its investor materials describe the development as a coastal leisure hub of Mactan.
That distinction matters.
A developer acquiring ordinary commercial land is primarily evaluating the land itself, surrounding traffic, access and nearby development.
A developer evaluating Lot 5 is also evaluating:
- the estate environment
- the surrounding development
- allowable development density
- the intended commercial character of Seagrove
- the Punta Engaño resort corridor
- the potential relationship between the site and the broader Seagrove destination
The investment decision therefore starts with site + development concept, not land price alone.
Development Potential
The property’s stated FAR of 5 provides meaningful development capacity for a 1,579 sqm site.
Development calculation
1,579 sqm × FAR 5 = approximately 7,895 sqm potential GFA
That gives a developer a substantial amount of potential floor area relative to the land footprint.
The appropriate development, however, depends on the applicable estate controls and the project’s economics.
Potential concepts to investigate may include:
Boutique or Lifestyle Hospitality
A smaller hospitality project designed around the character of the Seagrove and Punta Engaño environment.
Condotel / Hospitality-Oriented Residential
A development combining accommodation or residential components with hospitality-oriented operations, subject to applicable regulations and estate guidelines.
Retail + Hospitality
A commercial podium supporting restaurants, lifestyle retail or destination-oriented uses, with additional uses above.
Experiential Food & Beverage
Restaurants, dining concepts or other destination-oriented commercial uses that complement the leisure character of the estate.
These are development concepts to evaluate, not guaranteed permitted uses.
The actual project should be tested against the applicable estate development guidelines, zoning, building regulations, parking requirements and market feasibility.
Development Controls
The currently marketed property information provides the following parameters:
- FAR: 5
- Site occupancy: 61%
- Maximum curb cuts: 2
- Podium parking allowed
- Basement parking allowed
- 3-meter arcade zone along the street frontage
- 5-meter front setback
- 3-meter side setback
For a developer, these controls are more important than simply looking at the 1,579 sqm lot size.
They determine how the land can actually translate into a viable project.
Before acquisition, the buyer should review the applicable estate development guidelines and detailed lot information.
The Last Commercial Lot in Seagrove
Lot 5 is currently being offered as the last remaining commercial lot in Seagrove.
This is significant because commercial development land inside a masterplanned coastal estate is inherently finite.
There is no need to manufacture urgency around that fact.
The relevant point is simply:
If a developer specifically wants a commercial development site inside Seagrove, Lot 5 is the current opportunity being offered for sale.
Availability should still be reconfirmed before any commitment.
Seagrove Mactan: The Development Context
Seagrove forms part of the Punta Engaño area of Mactan, Lapu-Lapu City.
Ayala Land’s investor materials describe Seagrove as a 13.6-hectare coastal leisure hub, with a planned build-out incorporating hotel and retail components.
This gives the property a different development context from conventional commercial land elsewhere in Mactan.
A buyer should therefore evaluate Lot 5 in relation to:
Seagrove → Punta Engaño → Mactan tourism and hospitality market → proposed development concept
rather than evaluating the land in isolation.
Who Should Look at Seagrove Lot 5?
This property is most relevant to buyers who have a specific development thesis.
Hospitality Developers
Groups evaluating a boutique hotel, lifestyle hotel or other hospitality concept.
Hospitality-Adjacent Developers
Developers looking at serviced accommodation, condotel or other hospitality-oriented formats, subject to applicable regulations.
Retail and F&B Developers
Operators looking for a destination-oriented commercial environment rather than conventional roadside retail.
Mixed-Use Developers
Developers capable of combining complementary commercial, hospitality or other permitted uses.
Investment Groups
Investors with the capital and development horizon to evaluate a high-value commercial land acquisition and potential development project.
This is not a typical small commercial lot purchase.
The ₱236.85 million VAT-exclusive land value means the acquisition should be evaluated together with construction costs, financing, development timeline, operating assumptions and exit strategy.
The Development Question
The most important question is not:
“Is Seagrove a good location?”
It is:
“What project can make the best use of this particular site within Seagrove’s development framework?”
That distinction is important for a property at this price level.
A developer should work backward from the intended project:
Target market
↓
Development concept
↓
Required floor area
↓
Estate and regulatory controls
↓
Construction cost
↓
Financing
↓
Operating economics / exit strategy
↓
Land acquisition price
That is the analysis we can help facilitate before moving toward a transaction.
Quick Development Math
Land Area: 1,579 sqm
Stated FAR: 5
Potential GFA at FAR 5: Approximately 7,895 sqm
Asking Price: ₱150,000/sqm VAT exclusive
Indicative Land Value: ₱236,850,000 VAT exclusive
Indicative VAT-inclusive land price: ₱265,272,000
VAT treatment and final transaction figures should be confirmed with the seller and transaction advisers.
Important: FAR Is Not the Same as Final Buildable Area
The approximately 7,895 sqm figure is a simple FAR calculation:
1,579 sqm × 5 = 7,895 sqm
It should not be interpreted as a guarantee that exactly 7,895 sqm of saleable, leasable or physically constructed area will be achieved.
The final project may be affected by:
- setbacks
- site occupancy
- parking
- circulation
- building regulations
- fire and life-safety requirements
- estate guidelines
- architectural controls
- permitted use
- approvals
- project design
For this reason, serious developers should review the applicable documents before underwriting the acquisition.
What We Can Provide
For qualified parties evaluating Seagrove Lot 5, we can provide the available property information and coordinate the next step.
Depending on the stage of your evaluation, relevant information may include:
- Lot information
- Development parameters
- Estate development guidelines
- Location information
- Current asking price
- Availability confirmation
- Development-related information available from the seller
If you already have a proposed project, it is useful to indicate the intended use when you inquire.
For example:
“We are evaluating the site for a boutique hotel.”
or
“We are looking at a mixed-use hospitality and retail project.”
That allows the discussion to focus on the information that actually matters to your decision.
Request the Seagrove Lot 5 Development Brief
If you are evaluating Seagrove Mactan commercial property for development, send us an inquiry for the current property information.
Please indicate, if available:
- intended use
- approximate development size
- whether you are buying for development or investment
- preferred timing
We can then provide the relevant information and discuss the appropriate next step.
Request the Seagrove Lot 5 Development Brief
Metro Cebu Real Estate
Vincent R. Leyson
PRC License No. 0014098
0917 620 8888
metrocebu.net@gmail.com
Seagrove Lot 5 – Pricing and Development Metrics
Seagrove Lot 5 is a commercial development parcel located within the Seagrove eco-tourism estate in Punta Engaño, Mactan. The site has a total land area of 1,579 sqm and is offered at ₱150,000 per sqm (VAT exclusive).
Pricing Summary
| Item | Details |
|---|---|
| Lot Area | 1,579 sqm |
| Price per sqm | ₱150,000 / sqm |
| Total Land Price (VAT Exclusive) | ₱236,850,000 |
| VAT (12%) | ₱28,422,000 |
| Total Price (VAT Inclusive) | ₱265,272,000 |
Development Potential
Seagrove commercial lots allow a Floor Area Ratio (FAR) of 5, enabling mid-rise mixed-use developments such as boutique hotels, condotel projects, or retail-hospitality podium formats.
| Metric | Estimate |
|---|---|
| Lot Size | 1,579 sqm |
| FAR | 5 |
| Maximum Buildable Floor Area | ~7,895 sqm |
| Land Cost | ₱236,850,000 |
| Land Cost per Buildable sqm | ~₱30,000 / buildable sqm |
Development Controls
- Site Occupancy: 61%
- Front Setback: 5 meters
- Side Setback: 3 meters
- Required 3-meter arcade frontage
- Maximum of two (2) curb cuts
- Podium and basement parking allowed
These development parameters typically support a podium + tower format, allowing retail or dining at the ground level with hospitality or residential components above.
Frequently Asked Questions
How much is Seagrove Lot 5?
The asking price is ₱150,000 per sqm, VAT exclusive, for a 1,579 sqm commercial development lot. The indicative land value is ₱236,850,000 before VAT.
How big is Seagrove Lot 5?
The property has a total land area of 1,579 sqm.
Where is Seagrove Lot 5 located?
The property is located along Seagrove Drive inside Seagrove Estate, Punta Engaño, Lapu-Lapu City, Cebu.
Is this a commercial lot?
Yes. It is being marketed as a commercial development parcel within Seagrove.
What is the FAR of Seagrove Lot 5?
The currently provided property information states a Floor Area Ratio (FAR) of 5.
How much potential floor area does FAR 5 provide?
Using the stated FAR:
1,579 sqm × 5 = approximately 7,895 sqm potential GFA.
The final allowable development must be confirmed against the applicable estate and regulatory controls.
Is this the last commercial lot in Seagrove?
Lot 5 is currently being offered as the last remaining commercial lot in Seagrove. Availability should be reconfirmed before any reservation or acquisition decision.
What can be developed on the lot?
Potential concepts may include hospitality, hospitality-oriented residential formats, retail, food and beverage, or mixed-use concepts, subject to applicable estate guidelines, regulations and approvals.
Is Seagrove developed by Ayala Land?
Ayala Land’s corporate materials identify Seagrove as a 13.6-hectare Mactan estate and describe it as a coastal leisure hub.
Is this property suitable for a hotel?
A hospitality project is one potential development concept to evaluate, but suitability depends on the specific project, estate guidelines, regulatory requirements and feasibility analysis.
Disclaimer:
All property information, including prices, unit sizes, features, and availability, is subject to change without notice. While reasonable care is taken to ensure accuracy, final details are confirmed during the reservation and contract process. Buyers are advised to verify current information prior to commitment.
