Can Foreigners Invest in a Condo in the Philippines?

Can Foreigners Invest in a Condo in the Philippines? | Golden Sphere Realty

Foreign investors see the Philippines as a favorable place to put their money into new firms, stocks, and setting their sights to the country for the purpose of investing in real estate. While law prohibits foreigners from buying their own land, many expats opt for a rental lodging as it is more cost-effective to buy. Buying a condo in the Philippines, particularly is an option, if they are planning to stay in the country for more than a few years. 

In general, there are strict rules and compliance regarding non-Filipino citizens when it comes to purchasing, owning, and investing in Philippine real estate. Legally, foreigners are permitted and may acquire property, but they are not permitted to purchase and possess any land in the Philippines unless they meet these exceptions:

  1. Property was acquired prior to the 1935 Constitution;
  2. Property was acquired through hereditary succession, with the foreigner being a legal or natural heir;
  3. Purchase of land by a domestic corporation, subject to 40% foreign ownership rule;
  4. Purchase by a foreigner married to a Filipino citizen;
  5. Purchase by a foreigner who was originally natural-born Filipino, subject to limitations set by the law.

 

Can Foreigners Invest in a Condo in the Philippines? | Golden Sphere Realty

A Foreigner’s Guide When Buying A Condo

Buying a real estate property in the Philippines can feel different to buying a home in America or Europe. Foreign buyers are subject to restrictions and it is essential that you get qualified local help to ensure that the property you are buying is being sold legally. Here are a few factors to consider when buying a condo in the Philippines

  • Short and Long-term Plans

When purchasing a condo in the Philippines, one of the important questions to ask yourself is if you plan to raise your family in the country or if you are just staying for a few months. Once you set your short and long-term plans, you can reach a decision from there. If you are the kind of foreign investor who is looking for an additional steady source of income, a condo unit can be a rewarding investment. 

  • Set a budget

Before you start your search for your dwelling or investment, it is vital that you set a budget that you are willing to work with. If you plan to take out a home loan, ask reputable banks about their mortgage options for foreigners or you may also try using our Anda.li Loan Calculator. Aside from the Total Contract Price of the condo unit, start listing transaction fees and taxes you need to settle.

  • Search online

Thanks to the continued advances in today’s technology, it has become easy to look for property listings and pinpoint viable investments. Granted that some platforms tend to have low quality, Golden Sphere is known not only to feature ultra premium and high quality listings, but have user website features that allow buyers and sellers to list properties, mark their favorite listings, and complete real estate transactions from start to finish.

  • A support of network

Partnering with a real estate agency such as Golden Sphere is crucial in securing that the property you are about to acquire is of the best possible value. If you are coming to the Philippines for the first time, it may be wise to settle in a significant expat population. Filipinos will treat you like family and make you feel at home, but it is also natural to seek communities that you can truly identify with. Central business districts like Makati, Bonifacio Global City, and Ortigas City have expat clubs that can show you the ropes and help you settle in.

 

Can Foreigners Invest in a Condo in the Philippines? | Golden Sphere Realty

9 Finest Luxury Condos That Foreigners Can Invest In

There are a number of advantages to living amidst the bustling cities in Metro Manila. Whether you choose to invest in a condo unit in Makati City, Manila, Taguig, or Quezon, you will be living within the Philippines’ most prosperous cities. With so many condominium buildings sprouting left and right, a foreigner national like you has a lot of options when it comes to choosing your dream condo.

If you are thinking of buying or investing for the perfect condominium dwelling around the metro, be it a source of possible investment or simply an additional asset, we have listed some of the finest locations and a list of excellent and luxury condominiums for your selective palettes.

 

71sqm Condo Unit in Raffles Residences | Golden Sphere Realty

  • Raffles Residences

For career driven individuals who dream of experiencing “An Oasis of Legendary Calm” in the midst of their busy schedules, this luxury condo unit in Makati promises its residents to be pampered like royalty. More so, occupants are rewarded by the captivating view of the cityscape converging with the calming view of Manila and Laguna bays.

Raffles Residences is a mixed project of a 20-storey condominium and a 30-storey hotel which immerses its residents and guests with topnotch presidential suites and state-of-the art amenities such as a spa sanctuary and elegant restaurants.

Watch our first full condo unit tour in Raffles Residences here: https://youtu.be/QdzhyOUtqMk 

Location: Raffles Drive, Makati Avenue

Unit Sizes: 81 sqm to 402 sqm

Condo Unit Price Range For Sale: PHP 28 Million to PHP 90 Million

Condo Unit Price Range For Monthly Lease: PHP 47,000 to PHP 142,000

 

2BR Condo Unit in Alphaland Makati Place | Golden Sphere Realty

  • Alphaland Makati Place

Alphaland Makati Place is a residential, hotel, office, and leisure complex designed in a uniquely intelligent perspective to promote efficiency, sustainability, and enjoyment. Their project is registered under the United States Green Building Council (USGBC) rating system, which administers the Leadership in Energy and Environmental Design (LEED).

Alphaland is designed to a gold level of certification and with the integrated urban lifestyle solution all in one complex, this is perfect for tenants and residents who want to cut down on commuting and save their time and energy.

Location: Ayala Avenue, Makati City

Unit Sizes: 63 sqm to 120 sqm

Condo Unit Price Range For Sale: PHP 17 Million to PHP 43 Million

Condo Unit Price Range For Monthly Lease: PHP 47,000 to PHP 170,000

 

3BR Condo Unit in Arbor Lanes Arca South Taguig | Golden Sphere RealtyImage Source: Ayala Land Premier
  • Arbor Lanes at Arca South

Arbor Lanes at Arca South is a 74-hectare property with a mixed-use and sustainable estate that offers residents parks, retail, and entertainment destinations that thrives in a balanced and fulfilled community for business and day to day lifestyles. Condo owners can expect their homes to be rejuvenated by soothing moments where the ambiance is perpetually basking in lush verdure. Arbor Lanes at Arca South is perfect for residents who love to harmonize business with leisure.

Location: Arca South, Taguig City

Unit Sizes: 62 sqm to 368 sqm

Condo Unit Price Range For Sale: PHP 31 Million to PHP 45 Million

Condo Unit Price Range For Monthly Lease: PHP 20,000 to PHP 90,000

*Price Range: PHP 19 Million to PHP 43 Million

 

Condo Unit with 2 Parking Spaces in Aurelia Residences | Golden Sphere RealtyImage Source: Shang Properties
  • Aurelia Residences

Aurelia Residences is a limited collection of 285 bespoke residences in Bonifacio Global City with cosmopolitan skyline views and lush greens of Manila Golf Club, Manila Polo Club, and Forbes Park. It’s a state of the art when it comes to elegant living for its residents as each room is inspired by the Italian concept of “sprezzatura”, the art of designing in a simple way.” The Aurelia Residence is an epitome of a breathing space with all the conveniences and privileges with the unit owners and guests. The amenities feature a luxurious resort pool where residents can read a book under the shade of swaying palm trees.

Location: McKinley Parkway, Bonifacio Global City

Unit Sizes: 240 sqm to 339 sqm

Price Range: PHP 109M to PHP 172M

 

Condo Unit in Hidalgo Place Rockwell Makati | Golden Sphere Realty

  • Hidalgo Place

Hidalgo Place is an impressive 24-storey building and a favorite choice among Manila’s expat community. It is a premier mid-rise residential condominium building with access to lifestyle options and alternatives for relaxation and enjoyment for individuals and families in a progressive neighborhood. This is ideal for individuals, residents, and families studying or working in Makati City and is looking forward to having a city retreat with modern conveniences.

Location: Rockwell Center, Makati City

Unit Sizes: 40 sqm to 181 sqm

Condo Unit Price Range For Sale: PHP 20 Million to PHP 41 Million

Condo Unit Price Range For Monthly Lease: PHP 50,000 to PHP 200,000

 

Condo Unit in Proscenium Residences Tower at Rockwell Makati | Golden Sphere Realty

  • Proscenium at Rockwell

Designed by the world-renowned architect Carlos Ott, Proscenium is one of Philippines’ top premier residential spaces located strategically in the heart of Rockwell Center. This 59-storey ultramodern dwelling serves as a middle ground where residents can build their careers and enjoy the trendiest commercial districts that the city of Makati can offer. 

To meet the discerning needs of an exclusive community, Proscenium brings out its vibrance through convenient and tailor-fit amenities for its residents. It also boasts of a performing arts theater that elevates the top-class lifestyle experience at Rockwell Makati. Situated by the theater are 5 world-class residential towers with its iconic and distinctive design to complete the unique Makati skyline.

Location: Rockwell Center, Makati City

Unit Sizes: 62 sqm to 268 sqm

Condo Unit Price Range For Sale: PHP 10 Million to PHP 165 Million

Condo Unit Price Range For Monthly Lease: PHP 40,000 to PHP 180,000

*Price Range: PHP 26 Million to PHP 107 Million

 

Condo Units with Balconies in Shang Salcedo Place | Golden Sphere Realty

  • Shang Salcedo Place

Shang Salcedo Place is a 67-storey luxury development brought to you by Shang Properties, Inc., an affiliate of Shangri-La Hotels and Resorts worldwide. This condo residential building is tucked amidst the bustling city of Makati and combines the joys of tranquil home living, world-class service and the unparalleled convenience for the residents. The nearby Salcedo Park provides a peaceful oasis and the weekend Salcedo Market satisfies your cravings for a bevy of flavors. Cultural offerings such as concerts and art exhibits are also available for everyone.

Location: Salcedo Village, Makati City

Unit Sizes: 35 sqm to 139 sqm

Condo Unit Price Range For Sale: PHP 9.5 Million to PHP 48 Million

Condo Unit Price Range For Monthly Lease: PHP 28,000 to PHP 200,000

 

Penthouse Unit in St. Francis Shangri-La Place (Tower 2) | Golden Sphere Realty
Image Source: Google Images
  • The St. Francis Shangri-La Place

The St. Francis Shangri-La Place is a luxury residential development with a beautifully appointed neighborhood at Mandaluyong. It provides residents with a lifestyle   of privilege and prestige by bringing comfort, ensuring residents to live the life they deserve. This residential condo purchase is perfect for those starting a family, for students or a professional looking for a place near their work or school.

Location: Wack Wack Greenhills, Mandaluyong City

Unit Sizes: 43 sqm to 118 sqm

Condo Unit Price Range For Sale: PHP 8 Million to PHP 67 Million

Condo Unit Price Range For Monthly Lease: PHP 40,000 to PHP 128,000

 

280sqm Bi-Level Condo Unit in West Gallery Place | Golden Sphere Realty
Image Source: Ayala Land Premier
  • West Gallery Place

West Gallery Place is a highly-urbanized neighborhood where you can achieve your ambitions in one of the sought-after and exclusive addresses in the metro. This 49-storey building is a juxtaposition amidst the complex and multifaceted buildings that surrounds East Gallery Place with a single community curated for a myriad of people’s interest and lifestyle choices. From high-end malls to world-class facilities, West Gallery Place promises its residents a luxurious lifestyle that will complement their well-traveled schedules for that true cosmopolitan living.

Location: High Street South, Bonifacio Global City

Unit Sizes: 32 sqm to 701 sqm

Price Range: PHP 22 Million to PHP 46 Million

 

Just like anywhere in the world, property prices vary greatly in the Philippines, depending on size, location, condition, and features. Whether you are looking for a holiday house, retirement home, or a place to call your own, Golden Sphere Realty can help you narrow down your choices and provide the finest quality of real estate service throughout the process of purchasing a condo unit for sale in the Philippines. It is a fantastic way to realize your golden dreams of living a good life!

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