Can a foreigner purchase a condominium unit in the Philippines?

LuckySmith

Yes, provided the sale and ownership meet the certain conditions according to Section 5 of RA (Republic Act) 4726 a.k.a “The Condominium Act,” which states that foreigners can buy condominium units as long as the project or the corporation that built and owns the project is held by 60% or more by Filipino citizens.

Dannaj

Yes, foreigners may buy and Condominium Titles may be placed under their Names. However, Condominiums may allot only 40% of their units to foreigners and then 60% to Filipinos..

AlexKennedy

My understanding is that foreigners can buy a condo but not the land that it is built on. Is this correct?

OliverOliveros

AlexKennedy

AlexKennedy That's correct!

JessaTimkangBarbanida

AlexKennedy Hi Sir Alex! Foreigners are still welcome to purchase a lot in the Philippines but you need to have a partner or name it on someone who's a Filipino citizen.

Janice_Megaworld

I am Janice Cua, Property Specialist of Megaworld Corporation. YES, foreigners are allowed to buy condo units in the Philippines, however, THERE'S A CERTAIN PERCENTAGE from total ownership of that particular project/condo building. Foreigners can also have their bank financing loan here in the Philippines. Certain equity should be met and loan period is 5 to 10 years only. If you are looking for a condo property in the Philippines (specifically in Fort Bonifacio) you may contact me at my mobile/viber +639054704113. Or you can email me at janicescua@yahoo.com.

thomaspastoral

Hi. In the Philippines, foreigners can acquire a property but you need to have a certain percentage of ownership only. There are some options in which a specific foreign buyer can acquire a property that can entitle to a special privilege called Special Resident Retiree's Visa or SRRV. You can check out this perks being offered by one of Century Properties' project called Batulao Artscapes. (Link is here: http://www.batulaoartscapes.com/investment-benefits/) This is a good Real Estate investment that you can have in the Philippines if you would want to acquire one. Don't hesitate to message me for any information or questions you may need to ask about this kind of benefit. Thanks!

mandyyanga

Hi ? If you are looking for a condo in the fort, maybe you could check this out -- https://bgcfortcondos.com/fort-bonifacio-global-city-condominiums/ .

opra

Foreigners can buy condos in the Philippines, but there are rules. The law allows foreign ownership of condo units, as long as the total foreign ownership in the building doesn't exceed 40%. Keep in mind that foreigners generally can't own land in the Philippines. As for Car Parking Multiplayer Mod APK that sounds like a software topic. If you have any more questions about buying condos in the Philippines, just let me know!