What real estate property can foreigners own in the Philippines?
The best way that foreigners can own real estate properties in the Philippines is by purchase of condominium units as long as it does not exceed 40% interest of the whole project. That is why if you are an owner of a condominium, you might notice that there are other owners who are foreigners. Most high end condominiums are appealing to foreign investors especially if they want to start a real estate investment in the country. In the title, the property will be named under the foreigner who bought the property. There are also some townhouses in the Philippines which are sold under a condominium title so this means foreigners are eligible to buy said properties.
In case of lands, these properties can only be owned by Filipinos. You might have noticed a couple, the guy is a foreigner and the woman is a Filipina, transacting with you a Contract of Sale for a piece of land. In this event, the property will be named under the name of the Filipina since under Philippine laws, only Filipinos can own lands. For some foreign investors though who want to buy a piece of land, they normally have a trustee who is a Filipino who will stand as the owner in titling the property.
Some instances that a foreigner can own real estate properties in the Philippines are outlined below:
1. Acquisition before the 1935 constitution
2. Acquisition through hereditary succession provided he/she is a legal heir
3. Acquisition of former natural born Filipinos for residential purpose under BP 185 or for business purpose under RA 8179. Natural born Filipinos who acquired foreign citizenship is entitled to own up to 1,000 square meter of residential land and 1 hectare of agricultural or farm land.
Purchase land as a Balikbayan – The Government of the Philippines has recently passed the Dual Citizenship Act which gives all former Filipinos the right to purchase land within the Philippines.
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Affordable Houses: Camella Lessandra in Talamban, Cebu
Camella Lessandra in Talamban, Cebu
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Camella Talamban in Pit-os, Talamban, Cebu City
Riverdale by Camella in Pit-os , Talamban, Cebu City
Pristina North Residences in Talamban by Aboitiz
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Pueblo De Oro Cebu Communities in Calawisan, Lapu-lapu City, Cebu
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Affordable House and Lot from BF Homes
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Construction of Ajoya Subdivision by Aboitiz Land
Openhouse on Sept. 17-18, 2011 (weekends) for Ajoya's Muhen model by Aboitiz
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Brookfield Subdivision in Mactan from Primary Homes
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Actual Model Units of Colorado Homes by Primary Homes (Duplex unit)
Garden Bloom Villas in Cotcot, Liloan by Primary Homes
Model Units of Colorado Dos in Liloan Cebu by Primary Homes
South Cebu (Talisay City, Minglanilla, Naga City, Carcar)
Kishanta Houses in Talisay City, Cebu by AboitizLand
Camella Homes Talisay City
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Argao Royal Palms by Primary Homes
Bohol
Model Units of Colorado Homes Bohol in Guiwanon, Baclayon, Bohol by Primary Homes
Actual Model Units of Colorado Homes by Primary Homes (Duplex unit)
Site Location of Colorado Homes in Guiwanon, Baclayon, Bohol by Primary Homes
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Camella Bohol in Bool, Tagbilaran City, Bohol
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Royal Palms by Primary Homes in Panglao Island, Bohol
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Bethlehem Garden Homes in Tiptip, Tagbilaran City, Bohol by JCAD
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Cebu City & Mandaue City
Possible Interior Design for La Guardia Flats 2 Studio Units by Primary Homes
Sample Computation for La Guardia Flats 2 by Primary Homes
Sample Computation of La Guardia Flats
Own a P1.5M Ready to Occupy Condominium in Lahug, Cebu City from La Guardia Flats by Primary Homes
Economic Condominium just a walk from IT Park Cebu
Townhouses with Condo title from Woodcrest Residences by Primary Homes in Guadalupe, Cebu City
Avalon Cebu Condominium starts at Php 5M ( US$ 120,000)
Feel the good life with Persimmon Condominium by Aboitiz
The Persimmon North Tower One Bedroom Unit (Ready for Occupancy)
Solinea Condominium (Alveo) by AyalaLand Inc in Cebu Business Park
Avida Towers by AyalaLand in IT Park Cebu City
Citta di Mare by Filinvest in SRP, Cebu City
Marco Polo Residences in Cebu City
Resort Residences in Canduman, Mandaue City, Cebu
Affordable Condo in Cebu
Urban Homes Condo in Tipolo, Mandaue City
Pricelist of 148 Residences Condo near University of San Carlos Cebu as of September 2012
Mactan Island, Cebu
La Mirada Condominium by Sta. Lucia Land Inc. in Mactan, Cebu
Amisa
North Cebu (Consolacion, Liloan)
South Cebu (Talisay City, Minglanilla, Naga City, Carcar)
Bohol
Luiton Residences in Tagbilaran City, Bohol
Other Location
The Beacon Amorsolo Tower in Makati City
Crown Regency Boracay
C. LOT FOR SALE
Cebu City & Mandaue City
Mactan Island, Cebu
Alegria Palms Dos (Lot only property)
Lot for sale in Lapulapu City near MEPZ2 (good for apartment)
North Cebu (Consolacion, Liloan)
South Cebu (Talisay City, Minglanilla, Naga City, Carcar)
Bohol
Lot in Bil-isan, Panglao, Panglao Island, Bohol at Php 2,500.00 per sq.meter
Lot on a cliff in Catarman, Dauis, Panglao Island, Bohol Php 5.8M
Looking for Lot in Panglao, Bohol
Other Location
1. Davao Lot:
Area: more that 2hectares
Price: Php 600 per square meter
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Cebu City & Mandaue City
Mactan Island, Cebu
North Cebu (Consolacion, Liloan)
South Cebu (Talisay City, Minglanilla, Naga City, Carcar)
Bohol
1. House and Lot
Location: Torralba Ext. Tagbilaran City, Bohol
Price: Php 6M
2. Lot only
Location: Dao, Tagbilaran City, Bohol
3. House and Lot at Php 2,000,000.00
Location: Bilar, Bohol
2-storey house with boarders
Other Location
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CROWN REGENCY Membership
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GOLDEN HAVEN Memorial Park, Talamban, Cebu City
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What real estate property can foreigners own in the Philippines?
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Well, it's true that foreigners can own 40% of a condominium development project, they are not entitled to own the whole condominium. It's only Filipinos that have the right to own a whole piece of property here in the Philippines.
ReplyDeletein other words, if there are 100 condominium units available, only 40 units of them can be owned by foreigners.. not more than that
ReplyDelete