For Sale ₱230,550,000 - Commercial Lot
Overview
Seagrove Lot 6 is a 1,537 sqm commercial development parcel located within the Seagrove eco-tourism estate in Punta Engaño, Mactan.
The site sits within a 13.6-hectare mixed-use coastal estate jointly developed by Ayala Land and Taft Properties, positioned along the resort corridor of Mactan Island.
The estate integrates hospitality, retail, residential, and experiential tourism components centered around a mangrove sanctuary and coastal boardwalk environment.
With a Floor Area Ratio (FAR) of 5, Lot 6 supports mid-rise development such as boutique hotels, condotel projects, or mixed-use hospitality concepts.
Developers evaluating hospitality or mixed-use opportunities in Punta Engaño may request the development brief for Seagrove Lot 6, including estate guidelines and lot information plans.
Property Snapshot
Location
Seagrove Estate
Punta Engaño Road
Lapu-Lapu City, Cebu
Lot Area
1,537 sqm
Price
₱150,000 / sqm (VAT exclusive)
Indicative Land Value
₱230,550,000 (VAT exclusive)
Pricing Summary
| Item | Details |
|---|---|
| Lot Area | 1,537 sqm |
| Price per sqm | ₱150,000 / sqm |
| Total Land Price (VAT Exclusive) | ₱230,550,000 |
| VAT (12%) | ₱27,666,000 |
| Total Price (VAT Inclusive) | ₱258,216,000 |
Development Potential
Seagrove commercial lots allow a Floor Area Ratio (FAR) of 5, enabling meaningful development density.
Maximum Buildable Floor Area
1,537 sqm × FAR 5
≈ 7,685 sqm potential GFA
This typically supports:
- 6-8 storey mid-rise hospitality projects
- Condotel developments
- Retail podium + tower formats
Development Controls
According to the Seagrove estate guidelines:
Site Occupancy: 63%
FAR: 5
Minimum setbacks:
Front setback
Ground Floor: 5m
Podium: 5m
Tower: 5m
Side setback
Ground Floor: 3m
Tower: 3m
Additional controls:
- Required 3-meter arcade zone along the street frontage
- Maximum two curb cuts
- Podium or basement parking allowed
- Surface parking zones allowed within the lot
These development controls encourage an active street frontage with retail or dining uses, with hospitality or residential components above.
Estate Context: Seagrove Mactan
Seagrove is positioned as a seafront eco-tourism and leisure estate within the Punta Engaño resort corridor.
The development integrates:
- Mangrove sanctuary
- Seagrove coastal boardwalk
- Town center retail
- Hospitality components
- Residential developments
The estate concept emphasizes open-air retail, tropical architecture, and experiential tourism, aligning with Mactan’s resort economy.
Resort Corridor Location
The property sits within Cebu’s primary tourism district, near major resorts including:
- Mövenpick Mactan
- Shangri-La Mactan
- Sheraton Cebu Mactan
- Dusit Thani Mactan
- Crimson Resort
Resorts in this corridor recorded average occupancy levels around 60% in 2023, with some properties exceeding this level during peak tourism periods.
Development Concepts Suitable for Lot 6
Given its size and zoning controls, the site is typically suitable for:
Boutique Hotel
A mid-rise hospitality concept serving resort overflow demand.
Condotel Development
Tourism-driven residential units with rental management.
Mixed-Use Hospitality + Retail
Dining and retail podium with serviced residences or hotel rooms above.
Experiential Retail Concept
Lifestyle retail, rooftop dining, or destination F&B aligned with the Seagrove boardwalk environment.
Constraints and Tradeoffs
This site is not suitable for every development format.
Key considerations include:
Internal Hospitality Supply
A hotel component is already planned within Seagrove.
Tourism Sensitivity
Hospitality projects remain exposed to tourism demand cycles.
Mid-Rise Density
FAR allows meaningful density but does not support high-rise towers typical of CBD developments.
Who This Property Is Best For
Lot 6 typically attracts:
- Boutique hotel developers
- Condotel developers
- Hospitality operators
- Lifestyle retail operators
It is less suitable for purely residential condominium projects without hospitality components.
Learn More About the Estate
For a broader overview of the development:
Discuss This Development Site
Seagrove Lot 6 is one of the remaining commercial development parcels within the Seagrove estate in Punta Engaño, Mactan.
Developers evaluating the site typically review estate guidelines, development controls, and concept feasibility before proceeding with acquisition discussions.
If you are assessing Seagrove for a hotel, condotel, or mixed-use project, you may request the development brief and lot information plan for further review.
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.
