Cebu City

Pelaez Street

Image for 148 Residences
CODE: 4169 ₱1,385,020
  • Floors: 10

148 Residences is 10-Floor mid-rise condominium located in downtown city of Cebu, near the bustling and busy street of Colon, the oldest street in the Philippines. It rises along Pelaez St. where University of San Carlos was situated along with commercial buildings, stores, shops  line up along those landmarks.

Other schools within 800 meters perimeter  are:

  • University Of the Visayas
  • University Of Cebu
  • Cebu Eastern College
  • University of San Jose Recoletos Main Campus
  • Philippine Christian Gospel School
  • Abellana National High School

148 Residences is one of the most strategic location on how to decide where to invest your money. And surely this 148 Residences condominium to rise soon will be a good investment here in Cebu.

It also located on most prominent and recognizable malls like:

  • Gaisano Metro
  • Gaisano Main
  • Collonade Supermarket
  • 138 Mall
  • Unitop

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A lot of heritage landmarks are strategically situated here so statistically people from anywhere in Cebu or around the Philippines visited, stayed and strolled downtown Cebu. People from the Southern part of the Philippines who wants to study here in Cebu, most of the students stayed in dormitories, apartments, boarding house and condominiums.

And with the rising need to have a comfortable and safety living in Colon Cebu City, 148 Residences will fill that need.

148 Residences unit consist of different layouts to accommodate each persons taste and preference as well as budget. There’s the standard studio type layout and there’s a dorm layout studio type that can occupy 2 bedrooms or can be setup into a 2 double-deck beds.

148 Residences Unit A Layout

148 Residences Unit A Layout

Then there’s Unit B 1-bedroom type unit and Unit B 1-bedroom type pad layout. For those who wants larger space for greater comfort and mobility  there’s Unit C 2-bedroom unit.

 148 Residences Unit Features

  1. Aluminum powder-coated windows
  2. Anti-termite treatment on solid floors and jambs
  3. Hafele brand kitchen sink
  4. Granite kitchen countertop
  5. HCG brand toilet features
  6. Provision for range hood exhaust
  7. Provision for cable TV and telephone
  8. Provision for washing machine and aircon
  9. 60×60 homogenous floor tiles
  10. 20×30/20×20 ceramic tiles on T&B
  11. 2.9 meters high ceiling on room (living, dining areas)


 148 Residences Building Features

  • Low Density with only 15 residential units per floor
  • Two 11-passenger elevator
  • Granite wall on elevator lobby
  • 2.6 meters high ceiling on hallyways
  • 1.5 meter-wide hallway
  • natural lighting and ventilation on hallways
  • 60×60 homogeneous floor tiles on hallways
  • stainless steel railings on stairs
  • garbage chute

148 Residences provides safety for residents:

  • Front and rear fire exits with mechanical smoke exhaus
  • CCTV cameras in elevators, hallways, basement parking and lobby
  • Sprinkler system in hallways and units
  • Fire detection and alarm system
  • Emergency light for rooms, hallways and fire exits
  • Back-up power for elevator and common area lighting, pumps, refrigerator outlets, one kitchen lighting and one common outlet inside units
  • Fire rated exit doors
  • Fire exits with pressurization blower


Now, we get to the pricing of each unit.

148 Residences Prices

Price Start: Php 1,361,543.00 – Php 1,617,375.08

148 Residences Payment Options:

Option 1:

Reservation: Php 20,000.00

20% Downpayment Php 277,004.00
Reservation: Php 20,000.00 – deducted to the Price
Balance: Php 257,004.00 payable after 30days from reservation date

80% Loanable Amount to Bank or Pag-ibig


Option 2:

6months Installment

Reservation: Php 20,000.00

20% Downpayment Php 277,004.00
Reservation: Php 20,000.00 – deducted to the Price
Balance: Php 257,004.00 payable in 6months 0% @ Php 42,834.00/month

80% Loanable Amount to Bank or Pag-ibig


12months Installment

Reservation: Php 20,000.00

20% Downpayment Php 277,004.00
Reservation: Php 20,000.00 – deducted to the Price
Balance: Php 257,004.00 payable in 12months 0% @ Php 21,417.00/month

80% Loanable Amount to Bank or Pag-ibig

For Inquiries:

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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. The information at this site is provided solely for informational purposes and does not constitute an offer to sell, rent, or advertise real estate outside the state in which the owner of the site is licensed. The owner is not making any warranties or representations concerning any of these properties including their availability.

Pelaez Street
Cebu City

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AILEEN FERRER, License Real Estate Broker
PRC LICENSE #0019002

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