Here’s what foreigners need to know to own a property in the Philippines

• by admin
• May 12, 2021
• Home Buying Tips | Investment | Real Estate

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The law in the Philippines doesn’t allow foreigners to own land in the country. However, they can legally own a residence. For example, according to the Philippine Condominium Act, foreigners have the option to buy condo units, as long as 60% of the property belongs to Filipinos. 

Another option for foreigners is to go for a long-term lease agreement with a Filipino property owner, instead of buying a house–which doesn’t give these foreigners 100% right. 

They can also purchase a property by means of a corporation, given that there is 60% ownership to Filipino citizens. 

 

Best properties in the Philippines for foreigners 

As Metro Manila struggles with economic growth and overpopulation, Pampanga rises as one of the best places to live in that is near the country’s capital. As a beacon of Philippine culture, history, economy, Pampanga has now become one of the best places to live in the country. 

And one of the best places to invest is anywhere that is near Clark Freeport Special Economic Zone. Billions of pesos both from public and private sectors are being put to Clark for business and employment opportunities. Plus, with Clark International Airport and minutes away from major thoroughfares like North Luzon Expressway (NLEX) and South Luzon Expressway (SLEX), it becomes a gateway to other cities, provinces and even countries around the world. 

So if you are a foreigner looking for properties to invest in, here are some of the prime residences that are near or minutes away from Clark Freeport Zone. 

 

Timog Residences

One thing that most foreigners will notice in Timog Residences is the ambience. It gives them the feeling of being at home with its classical-American-style homes. It is in a prime location with fresh air to relieve stress. Compared to other residences in town, this comes with an exclusive area to love nature. 

Timog Residences comes with several features and amenities that residents can enjoy. 

Amenities

• Adoration Chapel – For those who are always looking for peace of mind to improve their mental health, this amenity is a go-to place for them.
• The Pavilion – Foreigners and other residents can celebrate important occasions in this air-conditioned clubhouse. 
• Swimming pool – Homeowners can enjoy swimming at the subdivision’s swimming pool during the day for free. 
• Indoor and outdoor Gym – You don’t have to go to the gym and pay for a gym membership as Timog Residences has an indoor and outdoor gym that is exclusive for homeowners. 
• Playground – Kids can safely play and enjoy in the subdivision’s exclusive playground and mini-park. 
• Basketball court – Adults can also play basketball and even volleyball in the subdivision’s playing court for homeowners
• Acacia Lane – In this area, there are 80 trees trailing the 408-meter road lots. These trees give advantages to more than 80 homes since they give enough shade. It also serves as a bike lane and a refreshing road for those who want to take a stroll or get a morning jog. 
• Gated community – Privacy and security are two crucial things in any residence. Since it is a gated community, homeowners can have peace of mind. 
• 24/7 CCTV and security – This is another added security for the sake of peace of mind of the residents while keeping eye on bystanders and non-residents. 

Accessibility

Located in Brgy Cuayan, Angeles City, Timog Residences is also accessible through Fil-American Friendship Highway by public utility vehicle (PUV). The community is also minutes away from government offices, churches, hospitals, financial institutions, educational institutions, commercial establishments, leisure, and tourist destinations, among others. 

 

House Models

Timog Residences house models have these American-inspired designs that will give a fresh start to new foreigners living here in the Philippines. They can choose from two house models, according to their preferences, or the number of bedrooms they need. 

 

Bloom Field House Model

Bloom field is the bigger design model with 4 bedrooms, 3 bathrooms, and 2 garages. Its lot area is 200 m², while the floor area is 113.5 m². It has an excellent ambience that is perfect for bigger families. 

 

Alpine House Model

This house model comes with 3 bedrooms, 3 bathrooms, and 2 garages. This one only has a slighter difference when it comes to the lot and floor area. Its floor area is 95.6 m², and the lot area is 180 m². This is ideal for retirees or couples. 

 

Mansfield Residences

Mansfield Residences is a preferred location for most foreigners as it is near Clark Freeport Zone. It is minutes away from leisure areas, government offices, churches, banks, schools, educational, and commercial establishments, among others.

Mansfield Residences comes with several features and amenities that residents can enjoy. 

Amenities

• The Pavilion – Indoor clubhouse that can be used to celebrate your family’s important occasions
• Swimming pool – One of the best amenities that the subdivision has to offer. 
• Indoor and outdoor gym – As a physically active community, homeowners can enjoy the indoor and outdoor gym inside the subdivision
• Playpark – One of the best and safe places for kids and family to enjoy
• Basketball courts – Adults can play ball in this open space court.
• Elegant 2-Way 2-Lane Entrance Gate – This area is protected by guards all throughout the day and night with 24/7 CCTV. 

 

Accessibility

Mansfield Residences is located along the Friendship Circumferential Road, and that means it only takes about 20 minutes of travel time to reach Clark Freeport Zone. Along the way, you can see a variety of restaurants and other establishments where you can spend quality time with family and friends. It is also near major establishments, business offices, schools, hospitals, markets and terminals. 

 

House Models

As one of the in-demand communities that is near Clark, Mansfield Residences continues to develop quality and prime house and lot models for foreigners and locals looking for quality properties to invest in. Here are some of the newest additions in Mansfield Residences line of quality and prime house models. 

 

Russet Model Unit

Russet is perfect for foreigners looking for an elegant and spacious property as it has a lot area of 110sqm and a floor area of 43sqm. It has three bedrooms, three bathrooms and one garage. 

 

Marigold Model Unit

Marigold is another great investment as it offers a lot area of 88sqm with a floor area of 36sqm. It has three bedrooms, two bathrooms, and one garage. 

 

If you need help investing in these properties, we can give you a free housing consultation or free site tripping on your most convenient schedule. Simply contact us at 0918-963-6760.