For Sale ₱1,882,512,000 - Commercial Lot
City Di Mare - FAI Block 2 Lot 3
PROPERTY DESCRIPTION
This property is a Coastal Block commercial lot within City di Mare, a master-planned township located inside South Road Properties (SRP), Cebu City.
FAI Block 2 Lot 3 represents the top tier of City di Mare’s commercial inventory. It is defined by frontage, exposure, and scale, not by interchangeability with internal township lots.
With direct alignment to the Cebu South Coastal Road, this parcel is positioned for developments where visibility and brand presence materially affect value. It is not intended to be compared directly with Greenway Block lots on a price-per-square-meter basis.
This lot exists for projects where landmark positioning is a requirement, not a preference.
DEVELOPMENT CONTEXT
- Block: Coastal Block
- Exposure: South Coastal Road frontage
- Environment: High-visibility, infrastructure-driven corridor
- Role within City di Mare: Landmark / anchor site
Unlike internal Greenway parcels, Coastal Block lots are designed for exposure-dependent uses and are priced accordingly. Scarcity, frontage length, and traffic orientation play a larger role in valuation than internal park adjacency or lot efficiency.
PROPERTY DESCRIPTION
This parcel is located within the Coastal Block of City di Mare, a master-planned commercial township inside South Road Properties (SRP), Cebu City.
FAI Block 2 Lot 3 represents the highest-tier commercial lot within City di Mare, positioned for developments where frontage, visibility, and scale materially affect project outcomes.
Fronting the Cebu South Coastal Road, this property is defined by external exposure rather than internal efficiency. It is not intended to be evaluated alongside Greenway Block lots on a price-per-square-meter basis. Instead, it serves projects where landmark presence and branding visibility are core requirements.
Development Context
- Block: Coastal Block
- Environment: High-visibility frontage along the South Coastal Road
- Surroundings: Infrastructure-led commercial corridor within SRP
- Character: Landmark-oriented, exposure-driven commercial environment
Zoning & Density
This lot allows for Office and/or Residential use, subject to City di Mare’s estate rules. Only one primary use per building is permitted. Mixed vertical use within the same structure is not allowed.
- Maximum FAR (Office): 12
- Maximum FAR (Residential): 16
- Minimum building height: 6 storeys
- No maximum height, subject to CAAP clearance
(Full use conditions and estate restrictions apply.)
Pricing Context (As of April 2025)
- Lot Area: 4,614 sqm
- Price per sqm (VAT exclusive): ₱408,000
- Total List Price (VAT exclusive): ₱1,882,512,000
Pricing reflects:
- Direct coastal road frontage and visibility
- Larger developable land area
- Higher allowable density compared to internal lots
- Scarcity of comparable landmark sites within SRP
Price excludes VAT and statutory transfer costs and is subject to change without prior notice.
ZONING & DENSITY
This property allows Office and/or Residential use, subject to City di Mare estate rules.
Only one primary use per building is permitted.
- Maximum FAR (Office): 12
- Maximum FAR (Residential): 16
- Minimum building height: 6 storeys
- Maximum height: Subject to CAAP clearance
These density allowances exceed those of Greenway Block lots and are a core component of this site’s positioning.
PRICING CONTEXT (AS OF APRIL 2025)
- Lot Area: 4,614 sqm
- Price per sqm (VAT-exclusive): ₱408,000
- Total List Price (VAT-exclusive): ₱1,882,512,000
Pricing reflects:
- Coastal frontage and visibility
- Larger developable area
- Higher allowable density
- Scarcity of comparable sites within SRP
Price excludes VAT and statutory transfer costs.
Subject to change without prior notice.
WHO THIS LOT IS FOR
This property is suited for buyers who:
- Require frontage and visibility as part of the business model
- Are developing landmark or brand-driven projects
- Understand exposure-based pricing dynamics
- Are operating on institutional or corporate time horizons
Typical use cases include:
- Corporate headquarters
- Hotels and destination developments
- Flagship commercial buildings
WHO SHOULD NOT CONSIDER THIS LOT
This property is not suitable if you:
- Are comparing lots primarily on internal efficiency
- Do not require external visibility
- Are pursuing short-term resale strategies
- Are price-sensitive to Greenway Block benchmarks
In those cases, Greenway Block properties are usually more appropriate.
FEATURES & ESTATE INFRASTRUCTURE
- Master-planned commercial township
- Direct coastal road exposure
- Underground utilities
- Flood-mitigation and drainage systems
- Fiber-ready telecom infrastructure
- Estate-level security
(Features apply to the estate, not to individual structures.)
HOW THIS LOT SHOULD BE EVALUATED
This property should be evaluated last, not first.
It exists to:
- Anchor City di Mare’s pricing spectrum
- Serve projects where exposure changes outcomes
- Justify why internal lots are priced differently
Comparing this site directly with Greenway Block lots without accounting for frontage and density differences leads to incorrect conclusions.
NEXT STEP (INTENTIONAL FRICTION)
Request a Prime Coastal Lot Briefing
Briefings for this property are intended for buyers who:
- Have a defined use case requiring frontage
- Are evaluating feasibility beyond headline pricing
- Understand long-horizon development timelines
This is not a general inquiry channel.
Frequently Asked Questions — Prime Coastal Block Lot
Why is this lot priced significantly higher than Greenway Block properties?
This lot is priced based on frontage, exposure, and allowable density, not internal efficiency.
Coastal Block properties front the Cebu South Coastal Road and are intended for visibility-dependent, landmark developments. They are not substitutes for internal Greenway Block lots and should not be compared on a price-per-square-meter basis alone.
Is this lot suitable if I don’t need external visibility?
Generally, no.
If your project does not require frontage, exposure, or brand visibility, Greenway Block properties are usually more efficient and better aligned with internal-use developments. This lot exists specifically for projects where exposure changes outcomes.
Can this lot be developed as a mixed-use building?
No.
City di Mare permits one primary use per building. Office and residential uses are allowed, but mixed vertical use within the same structure is not permitted. This restriction should be confirmed before feasibility planning.
Additional Details
- Township: City di Mare
- Corridor: South Road Properties (SRP)
- Block: Coastal Block
- Lot Area: 4,614 sqm
- Allowable Use: Office and/or Residential
- Maximum Far: 12 (Office) / 16 (Residential)
- Building Height Rules: Min. 6 storeys / CAAP-governed
- Development Horizon: Long-term / Landmark
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.
