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Old 10th January 2014, 11:02 PM
M.C.A. M.C.A. is offline
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Users Flag! Originally from usa. Users Flag! Expat in philippines.
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Quote:
Originally Posted by Aussie Pete View Post
as I understand it a foreigner can own a Condo as long as the Condo complex has no more than 40% of the Condo's owned by foreigners. If there are 100 Condo's in the Building no more 40 can be owned by foreigners for you to be a "legal" owner.

I'm just going through the process of possibly buying a property in B Global City now. Any input would be greatly appreciated as to - legal issues, contracts, titles, ROI etc.
Consult a lawyer or professional (licensed) on this. When you purchase your condo I would make sure you have it filmed signing the documents, pictures. Also there could be all sorts of fee's unpaid real estate tax, condo fee's way behind, who knows? Best to hire someone who will check all aspects of the purchase, especially if your buying from a private owner "Buyer beware".
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Last edited by M.C.A.; 10th January 2014 at 11:09 PM.
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