The Complete Guide to Buying a Condo in the Philippines as a Foreigner
Everything you need to know about legal ownership, costs, process, and the best areas — updated for 2026.
Yes, Foreigners Can Legally Own a Condo in the Philippines
Under the Philippine Condominium Act (Republic Act 4726), foreigners can fully and legally own condominium units in their own name. The only restriction is the 40% rule: foreign ownership in a single condominium building cannot exceed 40% of the total units. You do not need a Filipino partner or a corporation to buy a condo.
What You CAN Own
- • Condominium units (Freehold title)
- • Commercial condominium spaces
- • Buildings on leased land
What You CANNOT Own
- • Land / Lots
- • Houses directly on land (Townhouses)
- • More than 40% of a condo building
The Step-by-Step Buying Process
Choose Your Property
Research areas, visit showrooms, or do virtual tours with our property advisors.
Reserve Your Unit
Pay the reservation fee (typically ₱20,000-50,000) to lock in the unit and current price.
Submit Requirements
Provide a valid passport, proof of income, and we'll help you process your TIN (Tax Identification Number).
Monthly Payments
For pre-selling units, enjoy 0% interest installment payments spread over the construction period.
Bank Financing
If applicable, secure a bank loan or pay the remaining balance right before turnover.
Turnover & Move In
Receive your keys! If you're abroad, we can arrange property management and leasing for you.
Closing Costs Breakdown
Beyond the purchase price, buyers should prepare for closing costs and taxes due upon turnover. Note: Many developers include these in the Total Contract Price (TCP), so always clarify with your advisor.
| Cost Type | Estimated Amount | When to Pay |
|---|---|---|
| Documentary Stamp Tax | 1.5% of selling price | At title transfer |
| Transfer Tax | 0.5% - 0.75% | At title transfer |
| Registration Fee | ~0.25% | At title transfer |
| Notarial Fee | ~0.5% - 1.0% | At title transfer |
| Total Buyer-Side Costs | ~6% - 10% of Price | At Turnover |
| Condo Association Dues | ₱60 - ₱150 / sqm | Monthly after turnover |
Best Areas for Foreign Investors
BGC (Taguig)
Safest, most expat-friendly, international schools, highest prices but strongest appreciation.
Makati CBD
Classic business district, vibrant nightlife, more established infrastructure.
Ortigas Center
More affordable entry point, growing infrastructure (subway), central location.
Frequently Asked Questions
Download: The Foreigner's Property Buying Checklist
A step-by-step checklist covering legal requirements, documents needed, cost calculations, and red flags to watch for.
Uptown Modern by Megaworld
Premium pre-selling condo in BGC. Perfect for foreign investors seeking high appreciation and rental yield.
- 0% Interest Installment
- Prime BGC Location
Have Questions? Talk to an Expert
Our certified property advisors specialize in assisting international buyers. Get free, no-obligation advice on your investment.