Where to live?

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Where to live?


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Old 17th December 2013, 09:19 PM
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Default Where to live?

I am looking into apartments in Salcedo Village, Fort Bonifacio, Alabang, Ortigas or in a secure gated community close to these areas.

Any recommendations?
75,000-120,000 is my budget...

Cheers, Bill.

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Old 17th December 2013, 10:00 PM
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Any recommendations?

75,000-120,000 is my budget....
Move to Florida USA? Haha
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Old 17th December 2013, 10:02 PM
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Move to Florida USA? Haha
Bill,
Just saw your other post...good for you! Many people's dream to have a company post them in the PI.

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Old 17th December 2013, 10:03 PM
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I work over there 6 months of the year anyway.

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Old 18th December 2013, 04:57 PM
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are you looking another option?

like purchasing one?

with your monthly rental fee you can purchase an apartment..

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Old 18th December 2013, 06:14 PM
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Possibly why?

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Old 18th December 2013, 10:06 PM
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It was my understanding that foreigners are not legally able to actually purchase real estate in the Philippines. Is this incorrect information?

I have heard that if you are married, your Filipina spouse can buy the land in her name and then both the spouse and foreigner can build a house and make improvements on the land but that the foreigner cannot actually purchase or own the property.


Can someone shed some light on this?

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Old 19th December 2013, 03:02 AM
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It was my understanding that foreigners are not legally able to actually purchase real estate in the Philippines. Is this incorrect information?

I have heard that if you are married, your Filipina spouse can buy the land in her name and then both the spouse and foreigner can build a house and make improvements on the land but that the foreigner cannot actually purchase or own the property.


Can someone shed some light on this?
That is correct, you can not own land here. however you may own a condo or home. Just not the land that it sits on.

You can buy the land in your wife's name or any Filipino citizen. However, doing so puts you in an extreme disadvantage if the marriage/relationship fails.
Also, it makes you worth far more dead than alive. Not a good position to be in here...
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Old 5th January 2014, 09:08 PM
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With regard to buying condos, doesn't the whole condo unit have to be majority owned by Filipinos? I forget the exact percentage

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Old 5th January 2014, 09:13 PM
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With regard to buying condos, doesn't the whole condo unit have to be majority owned by Filipinos? I forget the exact percentage
So far as I know, you as the foreign resident CAN own the condo unit outright 100%. Now if you are talking about owing a building full of condos I would have no idea on legalities..
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