Best place to live in Manila?

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Best place to live in Manila?


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Old 22nd February 2014, 07:46 PM
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Default Best place to live in Manila?

Hi,

I'm moving to the Philippines in a few months and have decided on Manila (no competition).

I am going to purchase a 1 or 2br apartment in a nice, livable area for about 5 to 10 million pesos.

I am 23 years old and would like to have some upscale restaurants, bars/clubs, shops and supermarkets around.

Have looked into:

- Makati
- Bonifacio Global City ("The Fort"...including Ayala etc)
- Malate
- Ermita
- Manila Bay
- Quezon City

Am I right by looking into these areas or is there some place that I've missed?

Which one of them would you recommend the most, and why?

Another side question: How much, in total, will I have to pay in property tax (or any other tax that has to do with my apartment)? Is it 1-2% or is it more?

Cheers

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Old 23rd February 2014, 12:40 AM
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Quote:
Originally Posted by stolpioni View Post
Hi,

I'm moving to the Philippines in a few months and have decided on Manila (no competition).

I am going to purchase a 1 or 2br apartment in a nice, livable area for about 5 to 10 million pesos.

I am 23 years old and would like to have some upscale restaurants, bars/clubs, shops and supermarkets around.

Have looked into:

- Makati
- Bonifacio Global City ("The Fort"...including Ayala etc)
- Malate
- Ermita
- Manila Bay
- Quezon City

Am I right by looking into these areas or is there some place that I've missed?

Which one of them would you recommend the most, and why?

Another side question: How much, in total, will I have to pay in property tax (or any other tax that has to do with my apartment)? Is it 1-2% or is it more?

Cheers
Why do you want to buy? Rent until you get your bearings.
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Old 23rd February 2014, 07:41 AM
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I suggest to rent first as well. Good area is BGC safer.

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Old 23rd February 2014, 08:45 AM
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These are good locations but you need to consider a few things like how far from business sections do you need to be? do you like going to malls, do you need to live in area cramped with people or would you rather live in provincial areas where lots and houses are cheaper compared to that situated in cities? you also have to consider what happens during storms and floods.

If you are someone who needs to be near the business area then the best place is Makati, also there is less flood in that area.

If you want something that would make you feel like you are home then you may want to consider bonifacio global city as the place is really awesome.

I am somehow against Manila Area including Ermita and Malate since when it rains even if it isn't a heavy rain it floods a lot.

Quezon City is ok but too far away from business section.
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Old 23rd February 2014, 01:20 PM
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At 23 years old, you might like Eastwood (in QC) - decent condos, no significant flooding problems, and LOTS of restaurants, bars nearby (not to mention a gazillion young people!) all within walking distance.
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Old 23rd February 2014, 01:40 PM
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Thanks for your inputs.

The reason I need to buy is that I need to get a SERV/Investor Visa, which means I must invest at least $75,000 in the country.

I don't really need to be close to any area as I work from home anyway. Just want to live in the nicest area possible (and a safe area).

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Old 23rd February 2014, 02:24 PM
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Is there a reason you don't want to get a tourist visa and keep extending ? You can stay for two or three years before having to leave. Then you leave the country for a day and can return for another two or three years.

Just curious, I really don't think anybody should buy a condo unless they've lived here for a while.

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Old 23rd February 2014, 02:46 PM
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Originally Posted by Gumby View Post
Is there a reason you don't want to get a tourist visa and keep extending ? You can stay for two or three years before having to leave. Then you leave the country for a day and can return for another two or three years.

Just curious, I really don't think anybody should buy a condo unless they've lived here for a while.
The reason is because I must "write myself off" from Sweden to avoid paying huge amounts of taxes.

The only two countries that would be easy for me to move to and where I wouldn't have to
pay any tax on my foreign sourced income was Panama and the Philippines.

I chose the latter. But I must become an official resident in the country. Buying an apartment
is the only way.

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Old 23rd February 2014, 02:51 PM
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By the way, my budget is around $5000 per month (including food, internet and living expenses)...if that makes any difference.

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Old 24th February 2014, 05:11 AM
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Quote:
Originally Posted by stolpioni View Post
Thanks for your inputs.

The reason I need to buy is that I need to get a SERV/Investor Visa, which means I must invest at least $75,000 in the country.

I don't really need to be close to any area as I work from home anyway. Just want to live in the nicest area possible (and a safe area).
stolpioni, a word of caution...most homes and buildings you will not be able to purchase / own unless you are married to a local girl. Local laws prevent / block ownership by foreigners from any nation. You need to work with a local (phils) realtor that will help you choose a place that you can legally purchase and own as an expat, many of the newer condos will qualify, most other homes will not.

The other legal option would be to partner as an investor but I would warn 100% against this, friends and family you think you trust can change drastically especially when lots of money is on the table.

Without a trusted local adviser you could have 100% of your investment quickly become 0% ownership. <Snip>

Regards,
pac
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Last edited by Jet Lag; 24th February 2014 at 05:33 AM.
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