Prices start at just ₱2.8M | ⭐ 5-Star Rated Development | Free Appliance Package & Financing Assistance
Why Saekyung Ocean Residences is the Best Investment in Mactan Right Now
While other condos on Mactan Island start at ₱5M+, Saekyung Ocean Residences delivers legitimate coastal living for as low as ₱2.8M — a price point that is almost impossible to find in this rapidly developing tourism belt of Cebu. Developed by the reliable Saekyung Realty Corporation (SKB Mabuhay Realty Corp) in partnership with the Korean government-backed KIND (Korea Overseas Infrastructure & Urban Development Corp), this 4-tower project offers a unique blend of Asian quality standards and Filipino value.
🎁 Current Buyer Promos (June 2026 Update)
For a limited time, early birds and pre-selling buyers receive a complete appliance package plus waived fees:
- FREE Split-Type Inverter Aircon (x2 for 3BR units)
- FREE Refrigerator & Washing Machine
- FREE Rangehood, Shoe Cabinet, and Kitchen Cabinets
- FREE Transfer Taxes, Water/Electric Connection, and Move-in Fees
- FREE Pag-IBIG / Bank Loan Processing Assistance (Zero hassle!)
⚡ Inventory Alert: Towers 3 & 4 are now open for reservations. High-floor units with unobstructed sea views and balconies are selling out rapidly. As of June 2026, only 45% of inventory remains.
🎯 SECURE YOUR UNIT & PROMO →
📍 Prime Location: Subabasbas, Lapu-Lapu City – The Heart of Mactan’s Growth
Saekyung Ocean Residences sits on a sprawling 4.5-hectare property at Subabasbas Road, Barangay Suba-Basbas — a location chosen by developers for its balance of serene coastal views and accessibility to Mactan’s economic hubs. The development offers a rare combination: a peaceful seaside environment that’s still just minutes away from everything you need.
⏱️ Travel Times from the Property:
✈️ Mactan-Cebu International Airport (MCIA)
Travel Time: 15-20 minutes
🏖️ Shangri-La Mactan Resort & Spa
Travel Time: 12 minutes
🏥 Mactan Doctors’ Hospital
Travel Time: 10 minutes
🛍️ Gaisano Grand Mall Mactan
Travel Time: 10 minutes
🏙️ Mactan Newtown Business Park
Travel Time: 15 minutes
🏫 University of the Visayas – Mactan Campus
Travel Time: 8 minutes
🌉 Cebu-Cordova Link Expressway (CCLEX)
Travel Time: 20 minutes to Cebu City
What Makes Suba-Basbas Unique?
Unlike the congested areas near the airport, Suba-Basbas offers a quieter, residential atmosphere while still being strategically positioned. The development’s own commercial buildings and wide internal roads (15-meter primary roadway) ensure you don’t need to venture far for daily necessities. The area is rapidly urbanizing, with new commercial developments and infrastructure projects increasing property values yearly.
🏗️ Project Specifications & Developer Credibility
Developer: Saekyung Realty Corporation (SKB Mabuhay Realty Corp)
- Track Record: Successfully completed Saekyung Village 1 (Phase 3), five 14-storey buildings with 1,922 units
- Partnerships: Co-invested with KIND (Korean government infrastructure agency), ensuring financial stability and construction quality
- Grand Launch: March 24, 2025 — project officially launched with full stakeholder support
- License to Sell #: 2147, 2148 (Verified with DHSUD)
Building Features (All 4 Towers)
- 16 storeys per tower (Tower 2 is 6 storeys for lower-density living)
- Total Units: 3,171 (543 residential parking slots + 70 commercial slots)
- Elevators: 4-5 passenger elevators per tower
- Safety Systems: Fire detection & automatic sprinkler, 24/7 security with guardhouse, 3 fire exit staircases
- Utilities: Backup power for common areas, cistern tank, sewage treatment plant (STP)
- Internet Ready: Pre-wired for fiber connectivity
📊 COMPARE WITH OTHER MACTAN CONDO →
🏊 Amenities & Facilities (Resort-Style Living)
The project is anchored by an open deck connecting all four towers, which serves as the main amenity hub. This design allows residents to access all facilities without leaving the property.
🏊 Adult Swimming Pool
Description: Lap pool for exercise and relaxation
🏀 Full-Size Basketball Court
Description: Regulation-sized court for sports enthusiasts
👶 Playground
Description: Child-friendly play area with safety surfaces
🍢 Barbecue Park
Description: Designated picnic and grilling area for family gatherings
🏠 Clubhouse
Description: Multi-purpose hall for events and parties
💼 Commercial Buildings
Description: 4 commercial buildings within the development (restaurants, sari-sari stores, laundry, etc.)
🚪 Elevators in All Towers
Description: 4-5 high-speed passenger elevators per building
📦 Mailbox Area
Description: Secure mail and parcel collection
🗑️ Garbage Storage Area
Description: Designated waste management zone
🏠 Unit Types & Pricing (Official 2026 Price List)
Studio Unit (28.98 sqm) – “The Smart Starter”
Most popular among OFWs, young professionals, and first-time investors
Ground – 5th Floor
Price: ₱2,800,000
6th – 9th Floor
Price: ₱2,860,000
10th – 14th Floor
Price: ₱2,920,000
15th – 18th Floor
Price: ₱2,980,000
Room Breakdown:
- Kitchen: 5.23 sqm
- Balcony: 4.68 sqm
- Toilet & Bath: 4.31 sqm
- Living/Bed Area: 14.76 sqm
✅ Best For: Single professionals, students, rental arbitrage investors
💰 Estimated Rental Income: ₱12,000 – ₱18,000/month
1 Bedroom Unit (58.56 sqm) – “The Lifestyle Upgrade”
Perfect for couples, small families, or those working from home
Specification: Total Price
Detail: ₱5,620,000 – ₱6,294,400
Specification: Reservation Fee
Detail: ₱30,000 (deductible)
Specification: Floor Area
Detail: 58.56 sqm
Specification: Layout
Detail: 1 bedroom, living/dining, kitchen, 1 T&B, balcony
✅ Best For: Couples, remote workers, small families, medium-term rental investors
💰 Estimated Rental Income: ₱22,000 – ₱30,000/month
3 Bedroom Unit (92.5 sqm) – “The Family Haven”
Spacious layout with master suite and maid’s room
Specification: Total Price
Detail: ₱9,833,600
Specification: Reservation Fee
Detail: ₱50,000 (deductible)
Specification: Floor Area
Detail: 92.5 sqm
Specification: Layout
Detail: 3 bedrooms, master’s bedroom with own T&B + balcony, powder room, maid’s room, 2 T&Bs
✅ Best For: Large families, expatriates, long-term homeowners
💰 Estimated Rental Income: ₱40,000 – ₱55,000/month
💰 Financing Options: Pag-IBIG vs. Bank Financing (June 2026)
Studio Unit (2.8M) – Payment Breakdown
Pag-IBIG Financing:
- DP/EQUITY (16 months): ₱7,500/month after ₱20,000 reservation fee
- Loanable Amount: ₱2,660,000
- Monthly Amortization (30 years): ₱15,948
- Monthly Amortization (20 years): ₱19,057
- Monthly Amortization (10 years): ₱29,531【user input】
Bank Financing:
- DP/EQUITY (16 months): ₱16,250/month after ₱20,000 reservation fee
- Loanable Amount: ₱2,520,000
- Monthly Amortization (20 years): ₱18,054
- Monthly Amortization (10 years): ₱27,977【user input】
💡 PRO TIP: Pag-IBIG offers lower monthly payments but requires membership. For OFWs and higher-income buyers, bank financing may offer faster approval.
1 Bedroom Unit (6,294,400) – Payment Breakdown
Pag-IBIG Financing:
- DP/EQUITY (16 months): ₱43,010/month after ₱30,000 reservation fee
- Loanable Amount: ₱5,576,083
- Monthly Amortization (30 years): ₱33,431
- Monthly Amortization (20 years): ₱39,949
- Monthly Amortization (10 years): ₱61,906【user input】
Bank Financing:
- DP/EQUITY (16 months): ₱37,465/month after ₱30,000 reservation fee
- Loanable Amount: ₱5,664,960
- Monthly Amortization (20 years): ₱40,586
- Monthly Amortization (10 years): ₱62,893【user input】
3 Bedroom Unit (9,833,600) – Payment Breakdown
Pag-IBIG Financing:
- DP/EQUITY (16 months): ₱150,525/month after ₱50,000 reservation fee
- Loanable Amount: ₱7,375,200
- Monthly Amortization (30 years): ₱44,218
- Monthly Amortization (20 years): ₱52,838
- Monthly Amortization (10 years): ₱81,880【user input】
Bank Financing:
- DP/EQUITY (16 months): ₱58,335/month after ₱50,000 reservation fee
- Loanable Amount: ₱8,850,240
- Monthly Amortization (20 years): ₱63,406
- Monthly Amortization (10 years): ₱98,256【user input】
📋 Pag-IBIG & Bank Loan Requirements
For Pag-IBIG Housing Loan:
- Member must have: At least 24 monthly contributions (at least 12 months within the last 18 months)
- Income Documents: Latest 3 months payslips or ITR (for self-employed/OFWs)
- Valid IDs: 2 government-issued IDs
- Employment Certificate (for locally employed)
- Bank Statements (last 3 months)
Estimated Required Monthly Income:
- Studio: ₱50,000+
- 1 Bedroom: ₱95,000+
- 3 Bedroom: ₱145,000+
For Bank Financing:
- Higher credit score requirements
- 20-30% down payment (depending on bank)
- Processing time: 2-4 weeks (faster than Pag-IBIG)
- Best for: OFWs, self-employed with strong financials, high-income earners
📈 Why Mactan? Investment & Rental Potential
Mactan Island is NOT just a tourist destination — it’s an economic powerhouse.
- Mactan Economic Zone (MEZ): The second largest public ecozone under PEZA, generating ₱51.5 billion in investments and $45.32 billion in exports since 1995
- Tourism Growth: Over 3 million international tourists annually (pre-pandemic), with continuous recovery
- Infrastructure Boom: CCLEX, Mactan Airport expansion, and new bridges increasing accessibility
- Rental Demand: High demand from airport crew, BPO employees in Mactan Newtown, resort workers, and tourists seeking long-term stays
Market rents in Mactan for comparable units range from ₱400-600 per sqm per month. Saekyung’s units are positioned to capture this range upon turnover.
Appreciation Potential:
- Pre-selling vs. RFO price gap: Early buyers secure units at 15-20% below RFO prices
- Nearby comps: Similar condos in Mactan (e.g., Royal Oceancrest, Primeworld District) have appreciated 8-12% annually
- Turnover date (2 years): Perfect timing for capital appreciation before full payment completion
🏆 Comparison: Saekyung Ocean Residences vs. Other Mactan Condos
Saekyung Ocean Residences
Starting Price: ₱2.8M
Developer: Saekyung (Korean-backed)
Location: Suba-Basbas
Amenities: Pool, basketball, clubhouse, barbecue park
Freebies: Aircon, fridge, washer, rangehood, transfer taxes
Pag-IBIG Financing: Yes (30 years)
License to Sell: #2147, 2148
Construction Status: Under construction (pre-selling)
Royal Oceancrest
Starting Price: ₱3.0M+
Developer: Primary Homes
Location: Basak
Amenities: Pool, gym, function room
Freebies: Limited
Pag-IBIG Financing: Yes
License to Sell: Verified
Construction Status: Ready/in progress
Primeworld District Mactan
Starting Price: ₱3.4M+
Developer: Primeworld Land
Location: Agus
Amenities: Pool, gym, playground
Freebies: Limited
Pag-IBIG Financing: Yes
License to Sell: Verified
Construction Status: Pre-selling
💎 Verdict: Saekyung offers the lowest entry price in Mactan for a Korean-backed, large-scale development with substantial freebies. Ideal for budget-conscious investors who don’t want to compromise on quality.
🎯 Who Should Invest in Saekyung Ocean Residences?
👨✈️ OFW / Seafarer
Why It Fits: Low DP (₱7,500/mo for studio), Pag-IBIG accessible from abroad, agent-assisted remote reservation
💼 First-Time Investor
Why It Fits: ₱2.8M entry is lowest in class, free appliance package reduces upfront costs, rental demand is proven
🏡 Family Home Seeker
Why It Fits: 3BR with maid’s room (92 sqm) offers space for growing families at half the price of Cebu City condos
🏖️ Vacation Home Buyer
Why It Fits: Near beaches and resorts, can be rented out when not in use, property management available
📈 Airbnb Operator
Why It Fits: Strategic location near airport and tourist spots, balcony units in high demand, 4 towers mean consistent availability
👨💻 Remote Worker
Why It Fits: Spacious studio/1BR with balcony, fiber-ready internet, quieter neighborhood than Cebu City
🗓️ Turnover & Construction Timeline
- Estimated Turnover: 2 years from reservation (targeting 2027-2028 completion)
- Current Status: Towers 3 & 4 now open for reservation
- Construction Milestones:
- Groundbreaking: October 28, 2022
- Grand Launch: March 24, 2025
- Foundation work complete for Towers 1 & 2
Why buy pre-selling? Lower entry price, flexible payment terms, choice of best units (sea views, high floors), and capital appreciation by turnover.
❓ Frequently Asked Questions (FAQs)
1. Is Saekyung Ocean Residences a legitimate project?
Yes. DHSUD License to Sell #2147 and #2148. The developer has a proven track record with Saekyung Village 1 Phase 3 (1,922 units completed) and is backed by Korean government investment through KIND.
2. Can an OFW buy a unit remotely?
Yes. Our team handles the entire process via email, video call, and digital document signing. You can reserve using a credit card or bank transfer without flying to Cebu.
3. What are the condo dues?
To be announced (TBA) — estimated at ₱80-120 per sqm per month based on similar Mactan projects.
4. Is parking included?
Parking slots are available for free with a ₱200 annual car sticker. Limited slots (543 residential slots) — reserve early if you need parking.
5. Can I rent out my unit immediately after turnover?
Yes. The development allows rentals. Many buyers are purchasing specifically for Airbnb or long-term rental income. We can connect you with property management partners.
6. What’s the difference between Pag-IBIG and bank financing?
Pag-IBIG offers lower interest rates and longer terms (up to 30 years) but requires membership and specific contribution history. Bank financing offers faster approval and is available to non-members.
📞 Ready to Own a Unit? Here’s How to Start
Step 1: Reserve Your Unit
- Studio: ₱20,000 reservation fee (deductible)
- 1 Bedroom: ₱30,000 reservation fee (deductible)
- 3 Bedroom: ₱50,000 reservation fee (deductible)
Step 2: Choose Your Payment Plan
- Pag-IBIG: Lower monthly amortization, longer terms
- Bank: Faster approval, flexible terms for OFWs/self-employed
Step 3: Submit Basic Requirements
- 2 valid government IDs
- Proof of income (payslip or ITR)
- Completed application form
Step 4: Move-in in 2 Years
We’ll guide you through the entire process — from reservation to turnover.
🏁 Final Verdict: Why Saekyung Ocean Residences is Your Best Bet
Factor: Price
Verdict: ⭐⭐⭐⭐⭐ Best in class at ₱2.8M entry
Factor: Developer
Verdict: ⭐⭐⭐⭐ Proven with Korean government backing
Factor: Location
Verdict: ⭐⭐⭐⭐ Near airport, beaches, and commercial areas
Factor: Amenities
Verdict: ⭐⭐⭐⭐ Pool, basketball, clubhouse, commercial buildings
Factor: Investment Potential
Verdict: ⭐⭐⭐⭐ Strong rental demand, appreciation likely
Factor: Financing
Verdict: ⭐⭐⭐⭐ Pag-IBIG and bank options available
Factor: Freebies
Verdict: ⭐⭐⭐⭐⭐ Complete appliance package + waived fees
Bottom Line: If you’re looking for an affordable entry into Cebu’s real estate market with legitimate developer backing and solid rental potential, Saekyung Ocean Residences is currently unmatched.
License to Sell #2147, #2148 | DHSUD approved | Prices subject to change without prior notice. All information accurate as of June 2026.
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Contact Us
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
