Investing in real estate in the Philippines is booming. The country consistently holds top positions in international comparisons in terms of economic growth and as a tourist destination. The new government's ambitious plans for the development of the tourism sector are also interesting for investors. The achievable returns are usually in the double-digit percentage range, which is rather rare worldwide.

Real Estate and Foreigners

 

Since foreigners are still not allowed to own land and property, so-called leasing contracts (= rental contracts lasting for decades) are concluded with private prospective buyers for a property with or without a house.


In the Philippines, the purchase of real estate with a leasing contract is roughly comparable to  heritable building right or leasehold abroad. A very long-term leasing contract is concluded, the total rent for the agreed term plus, if necessary, the purchase price for the house is paid upon conclusion of the contract. In many countries abroad there are terms between 50 and 99 years, in the Philippines the term for foreign private individuals is set at 2 x 25 years. Extensions are possible with us at any time by concluding a new leasing contract with the same conditions without additional costs. The lessee (person entitled to leasehold) also receives a registration with the local registration authority (so-called tax declaration) for the corresponding apartment and, on top of that, a usufruct contract for the purchased residential unit and the corresponding outdoor facilities. (See also tip below)

                                       Before buying real estate of other objects,

                               the following questions should be answered

- Who is the registered owner of the property?
- What does the property plan look like, i.e. has the property been surveyed by a geodetic engineer and Boundary stones (monuments) marked?
- What is already registered in the DENR for this property?
- Is there a current RTC Clearance and the Barangay Certificate? (Somewhat comparable to a confirmation from the competent district court/barangay captain that there are no claims or other entries in the court for the requested property and that no proceedings or neighbor disputes are pending.)
- Are there farmer beneficiaries, claims, rights of way or other rights of use by third parties, mortgages, usufruct or other encumbrances?

Only when the notary (preferably choose one yourself!) gives the "green light" can a leasing contract for the precisely defined property and the property be concluded with the Filipino owner and registered.

Tip: You can register a right of usufruct (usufruct) on the property (including the building), which is included in the purchase of a share in the Ocean Palace Beach Club with every contract.

Investieren im Ocean Palace Beach Club

Only a so-called "clean title" offers real security as to whether the provider is actually the owner of the property offered. But outside of the metropolises, very few property owners have that, including in the Alcoy-Dalaguete area. Also because the title can only be obtained with a lengthy and expensive process. Needless to say, we have such a title at Ocean Palace Beach Club!
 

Absolute buyer security at the Ocean Palace Beach Club:

The Condo Option

 

The buyer community has the right to convert the acquired apartments into so-called condos. This roughly corresponds to home ownership law in many European countries. The consent of the property owner and title holder is already documented in the purchase/lease contract.

So this is the only beach resort in the South of Cebu, that also allows foreigners unrestricted ownership of a property in the Philippines! This means that the investment is not only associated with high returns, it is freely tradable, inheritable and, thanks to the booming tourism in our area and the constantly rising real estate prices, is also associated with the rapid increase in value of the residential units.

 

 

Ocean Palace Beach Club. Dates and Prices.

 

 

 

Suite

No.

Lage

Situation

Resort

Kategorie

ca.

Terrace Balcony

Rooms

Bedrooms

Status

Prices

PHP

 

 

 

 

 

 

 

 

01

 

EG Border

 

Suite deluxe Beachfront

105

 

Terrace 30m²

3 - 2

 

6.150.000,--

02

EG Center

Suite deluxe Beachfront

105

Terrace 30m²

3 - 2

5.880.000,--

03

EG Center

Suite deluxe Beachfront

105

Terrace 30m²

3 – 2

5.880.000,--

04

EG Border

Suite deluxe Beachfront

195

Terrace 30m²

3 - 2

6.150.000,--

 

 

 

 

 

 

 

21

 

2. Floor Border

Suite deluxe Beachfront

91

 

Balcony

17 m²

3 - 2

6.850.000,--

22

2. Floor Center

Suite deluxe Beachfront

91

Balcony

17 m²

3 - 2

6.580.000,--

23

2. Floor Center

Suite deluxe Beachfront

91

Balcony

17 m²

3 – 2

6.580.000,--

24

2. Floor Border

Suite deluxe Beachfront

91

Balcony

17 m²

2 - 2

6.850.000,--

 

 

 

 

 

 

 

31

 

3. Floor Border

Suite deluxe Beachfront

91

 

Balcony

17 m²

3 - 2

7.550.000,--

32

3. Floor Center

Suite deluxe Beachfront

91

Balcony

17 m²

3 - 2

7.280.000,--

33

3. Floor Center

Suite deluxe Beachfront

91

Balcony

17 m²

3 – 2

7.280.000,--

34

3. Floor Border

Suite deluxe Beachfront

91

Balcony

17 m²

3 - 2

7.550.000,--

 

 

 

 

 

 

 

41

+

42

 

4th Floor Penthouse

 

Luxury Penthouse- Suite Beachfront

 

206

 

Loggie-Terrace

35 sqm

 

 

1 Hall

3 Bedrooms

2 Bath

 

 

15.885.000,--

43

+

44

 

4th Floor Penthouse

Luxury Penthouse Suite

Beachfront

 

227

Loggia-Terrace

35 m²

1 Hall

2 Bedrooms

2 Bath

 

16.875.000,--

 

 

             

 

The purchase price includes the use of the outdoor facilities, such as stairwell with elevator, reception, swimming pool with terrace, ramp.
Basic equipment of the unfurnished suites: Complete bathroom with bathroom vanity unit. Additional bedroom possible with extra charge.
Living-dining area: Tiled kitchen mirror with all connections in the dining area, balcony lamp.
Additional acquisition costs
With the conclusion of the contract and payment: Notary fee, as well as the ancillary and registration costs

 

Im Kaufpreis enthalten ist die Nutzung der Aussenanlagen, wie z.B. Treppenhaus mit Lift, Rezeption, Swimmingpool mit Terrasse, Rampe.

Basis-Ausstattung der unmöblierten Suiten: Bad komplett mit Badezimmer-Unterschrank. Zusätzliches Schlafzimmer (BR) mit Aufpreis möglich.

Wohn-Essbereich: Gefliester Küchenspiegel mit allen Anschlüssen im Essbereich, Balkonlampe.

Erwerbs-Nebenkosten

Mit Vertragsschluss und Bezahlung: Notary fee, sowie die Neben- und Eintragungskosten