How can foreigners buy a condominium in the Philippines?

Philippine law allows foreign ownership of condominiums in the Philippines as long as certain rules are met.  Under the Philippine Condominium Act, the maximum percentage of foreign ownership of any condominium project cannot exceed 40%.  A realtor will know how to navigate these rules by coordinating with the developer of that project for pre-sale condominiums.  For re-sale condominiums, a realtor will get information from the building management of that condominium.

What factors to consider in buying a condominium?

Three important factors to consider when selection a condominium: Location, Developer, and Building Age.  

What location to consider in buying a condominium?

Location is probably the most important criteria in selecting a condo.  It determines demand and consequently value and appreciation.  If you select a condo in a good city, you are certain that there will always be demand for your place.  Some great cities in Manila are Makati and Bonifacio Global City.  These cities are in high demand by local and foreigners and are also priced at the higher end of the price spectrum.  What makes these cities in demand are that they are master-planned, modelled similar to US cities.  There is also the convenience of walking to restaurants, bars, and shopping. 

Who are the reputable developers in the Philippines?

There are dozens of developers in the Philippines but the most reputable ones are Ayala, Megaworld, Rockwell, Federal, DMCI, and SM.  

Why does the building age matter in selecting a condominium?

More often than not, the amenities that are important to you are more prevalent in newer developments.  Swimming pools, fitness centers, and children play areas are just some amenities that may be a necessity.  Also larger cuts, recessed lighting, and room sizes are also more prevalent in newer condominiums.