Can an expat own a condo in the Philippines?

Yes, expats are more than welcome to own a condo unit in the Philippines. Thanks to the “60 – 40” ruling on ownership of Condo units, where expats are given the privilege to own a condo unit as long as they will not exceed to 40% of the total expat unit owners.

What to know before buying a condo in the Philippines?

And that brings us to the next thing to keep in mind. Here in the Philippines, a common characteristic you can observe with condominium developers is that they build projects for specific groups of people. They already have specific targets before they launch their projects.

Can a condo be operated as a hotel?

A condominium project that is operated as a hotel with a registration desk, cleaning service and more. The units are individually owned. Unit owners shall place their unit in the hotels rental program where it is rented out like any other hotel room.

Are there any real estate developers in the Philippines?

While there are many developers in the Philippines with good track records in hitting their deadlines, there are also lots of them who will just cause you terrible headaches. Aside from delivering on time, also ask around and check for yourself the quality of work different developers deliver.

Can a foreigner own a condo in the Philippines?

If you buy a condo, however, you only own the condo unit itself—not the land beneath it. The Philippine Condominium Act specifies that foreigners can own condominium units, as long as 60% of the units in the building are owned by Filipinos.

What are some common misconceptions about condominiums?

A condominium can provide a less-expensive way to enter the housing market. Or, a condo can be a low-maintenance downsizing option for seniors. However, misconceptions about condominium ownership often keep potential buyers from considering them as an option. Here, we dispel some of the most common misconceptions about condo living .

What to look for in a condominium in the Philippines?

With a comprehensive host of amenities and facilities, ranging from landscaped gardens to swimming pools, a gym, and an integrated commercial area, everything is in place so you can shift gears to rejuvenate and be your most creative and successful self.

Where are the condominiums in Mandaluyong in the Philippines?

Zitan is a residential condominium project developed by Equus Property Venture. It is located in the Greenfield District in Shaw, Mandaluyong. Standing at 35-st…