The Philippines has emerged as one of the fastest-growing countries in Asia. Foreign investment in its Information Technology and Business Process Management (IT-BPM) sector is one of the main drivers.
Not only Metro Manila grows fast, but there are dozens of cities located outside of the capital and categorized as so-called next-wave-cities and upcoming emerging markets.
In this article, I explain how you can invest in commercial property in the Philippines, covering a wide range of topics.
- Can foreigners buy commercial property in the Philippines?
- The Commercial Property Market in the Philippines
- Best Cities to Buy Commercial Property in the Philippines
- Commercial Property Taxes
Can foreigners buy commercial property in the Philippines?
The Philippines has reasonable foreign ownership regulations by Southeast Asian standards.
Here, foreigners can buy strata-title units such as condos on a freehold basis. The only thing you need to pay attention to is the foreign ownership quota which is set to 40%.
You can also own the physical structures built upon the land, like bungalows and villas. Buying a commercial property, on the other hand, is a completely different undertaking and more regulated.
Whether you can get access to commercial property or not depends on if you buy as an individual investor or through a local company. Continue reading Investing in Philippine Commercial Property: A Complete Guide