CostaVida Residential Resort is Megaworld’s active-adult residential community within The Mactan Newtown, a 30-hectare master-planned township on Mactan Island, Cebu. The name combines Costa (Spanish for coast) and Vida (Spanish for life)—coastal living, plain and simple.
This is not a sprawling beachfront subdivision. It is a single 10-storey building with 151 units on a 3,870 sqm lot. It is marketed primarily to active adults aged 50 and above—both local and international buyers—who want resort-style amenities with healthcare and property management services built in.
Turnover is scheduled for May 31, 2029, with a six-month grace period. That is the honest timeline. If you are buying, you are buying for the long term.
Location: The Mactan Newtown
CostaVida sits on Sunrise St. corner Beach Rd. within The Mactan Newtown in Lapu-Lapu City. The township is the only mixed-use community in Mactan with its own beach. That is a genuine differentiator.
What is nearby:
- Mactan-Cebu International Airport – roughly 15 minutes away
- Mactan Newtown Beach – a few steps from the property
- Hilutungan Channel – units face this body of water
- Hotels – Belmont Hotel Mactan and Savoy Hotel Mactan within the township
- Retail, dining, banks, pharmacies – all within walking distance
- BPO offices and commercial buildings – also within the township
The location is quiet within the township but has easy access to the beachfront developments. The trade-off is that you are on Mactan Island, not in Cebu City proper. That means a more relaxed pace but also more reliance on the bridge or CCLEX to get to the mainland.
Developer: Megaworld Corporation
Megaworld is one of the Philippines’ largest real estate developers. In the first half of 2024 alone, the company reported a net income of ₱9.81 billion. CostaVida was launched as part of ₱18 billion worth of residential projects in the second quarter of 2024.
The project is exclusively marketed by Megaworld International, the global marketing arm. That means they are actively targeting overseas Filipino workers and foreign retirees.
Megaworld has a track record of delivering large-scale townships. The Mactan Newtown itself is their showcase for “live-work-play” island living. But like any large developer, their projects vary in quality and execution. CostaVida is still in pre-selling, so there is no finished product to inspect yet.
Project Details at a Glance
Developer: Megaworld Corporation
Location: Sunrise St. cor. Beach Rd., The Mactan Newtown, Lapu-Lapu City, Cebu
Total Land Area: 3,870 sqm
Building: 10 storeys
Total Units: 151
Target Market: Active adults 50+
Turnover: May 31, 2029 (+6 months grace period)
Unit Types and Finishes
The project offers studio, one-bedroom, and two-bedroom units. Specific floor areas are not widely published, but the finishes are clearly specified.
Standard unit deliverables include:
- Homogenous tile flooring for living, dining, kitchen, and toilet and bath
- Porcelain plank flooring for bedrooms
- Modular bedroom closets with sliding doors for the master bedroom
- Modular kitchen cabinets with undercounter and overhead storage, open shelves, and under-cabinet lights
- Granite countertop in the kitchen
- 2-burner cooktop for 1-bedroom units; 4-burner cooktop with built-in oven for 2-bedroom units
- Rangehood
- Granite countertop in the toilet and bath
- Grab bars in the master toilet and bath
- Duress call buttons in the living/dining, bedroom, and toilet and bath
- Provisions for inverter window-type air-conditioning
What is not included: Move-in fees, utility connections (electrical, water, internet), association dues, and any loan-related charges. These are standard exclusions, but they add up. Budget accordingly.
Amenities: Resort-Style, Not Beachfront
CostaVida is marketed as a “residential resort,” and the amenity list reflects that:
- Direct access to the Mactan Newtown Beach
- Breathtaking views of the Hilutungan Channel
- Wellness zones
- Aqua therapy pool
- Social lounges
- Putting green
- Meditation garden and prayer room
- Smart home-ready units with balcony options
- Healthcare and technology-enabled property management
The beach access is a real advantage—most Mactan condominiums do not have their own beach. However, the beach is shared with the rest of the township, not exclusive to CostaVida residents.
The “smart home-ready” claim means the units have provisions for smart features, not that they come fully equipped. The duress call buttons are a thoughtful safety feature, particularly for the active-adult demographic.
Who Is This For?
This project is specifically designed for active adults aged 50 and above. The amenities, the healthcare provisions, the social programs, and even the duress buttons are all geared toward this demographic.
Who should consider CostaVida:
- Retirees looking for a maintenance-free coastal home with resort amenities
- Overseas Filipinos planning for retirement in Cebu
- Investors targeting the retirement and expat rental market
- Empty nesters downsizing from a larger home
Who should think twice:
- Young families – the project is not designed for children or schools
- First-time buyers with limited budgets – this is a premium product
- Anyone needing a home within the next 2-3 years – turnover is 2029
- Buyers who prefer a house and lot – this is a condominium
Investment Considerations
The Good
Megaworld track record. The developer has delivered large-scale projects before. They have the financial capacity to complete this.
Prime location within a master-planned township. The Mactan Newtown is genuinely well-planned, with beach access, hotels, retail, and offices all in one place.
Active-adult niche. The 50+ demographic is growing, and there are few purpose-built communities like this in Cebu.
Resort-style amenities. The beach access, aqua therapy pool, and wellness zones are real differentiators.
International marketing. Megaworld International is actively selling to foreign buyers, which could support resale value.
The Honest Caveats
Turnover is 2029. That is three years away. If you need a place to live now, this is not it.
Limited unit count. 151 units in a single building means less flexibility in unit selection and potentially higher association dues.
Not beachfront. The building is a few steps from the beach, not on the sand. The view units will face the Hilutungan Channel, but lower floors may have limited views.
Active-adult focus limits resale market. If you need to sell, your buyer pool is narrower than a general-market condominium.
Pre-selling risks. You are buying based on renderings and specifications. Finished quality can vary.
Excluded costs. Move-in fees, utility connections, and association dues are not included in the published price. Factor these into your budget.
Pricing
Specific price points are not widely published, but the project was launched as part of Megaworld’s ₱18-billion residential portfolio in Q2 2024. Budget ranges on the Megaworld International website suggest a starting point around ₱5 million to ₱50 million.
For accurate, current pricing, you need to contact Megaworld International directly. The investment range varies per floor and unit orientation, and prices are subject to change without notice.
The Bottom Line
CostaVida Residential Resort is a legitimate, well-located active-adult community developed by one of the Philippines’ largest real estate companies. It offers resort-style amenities, beach access, and a master-planned township setting that few other Mactan condominiums can match.
But it is also a pre-selling project with a 2029 turnover, targeting a specific demographic. It is not for everyone. If you are 50+, planning for retirement, and willing to wait, it is worth a serious look. If you need a home now, or if you are looking for a quick flip, look elsewhere.
Author
John Paul Ybañez Paquibot
Licensed Real Estate Broker | PRC No. 00014132 | DHSUD No. CVRFO-B-03/18-2672
Bachelors Realty and Brokerage, Inc. Cebu
G/F Cap Building, Brgy. Corner, Osmeña Blvd.
Arlington Pond St. Extension, Cebu City, 6000 Cebu
Leave a Reply