Land, to be accurate. Foreigners can own condos. IANAL so not sure about the house being separate from the land on which it is built.
Thanks very much for taking the time to reply. That rule of thumb will help a lot (although I am not sure that it applies to my biggest financial outlay - beernakatago wrote:As a rule of thumb, Singapore is roughly 3x more expensive than the Philippines. Give-or-take, of course but makes do with quick guesstimations.
Ouch! As things stand now, even that is out of my reach. What if it were not so "nice"? Just 100m2/1000 ft2 and nothing fancy (swimming pool & the like)nakatago wrote:As for houses, 3-5 million PHP would build you a very nice house. Not sure about land prices, though. Broadband internet, however, would be expensive and in poor quality--check the local providers (as in city-scope).
Ouch! I am happy enough in HDB here; can I do without a gated community? Or are you siting security concerns? Actually, I would prefer the outskirts of a city, or - better -yet, a small town or village whee I can get to a city in an hour or two. I like nature, but realize that I may occasionally have shopping needs that can;'t be filled ina village.skipper wrote:Just to give you some examples:
House with land (freehold) - as in most cities, depending on the area but S$100K will get you a 1000 sq ft floor space in a gated community in the suburbs of the city
Or taxi/jitney/jeepney when needed? I did the math in Sg and am without a car for the first time in decades. It is simply much cheaper to travel everywhere by taxi.skipper wrote:Public transport - suggest to just get a car
Yay!! you just made my dayskipper wrote:Beer/cigarettes - 10x more expensive here!
Good points, both of you. So, I can consult a lawyer.
Companies usually have foreigners owning only up to 49% of the land.pin0y wrote:Good points, both of you. So, I can consult a lawyer.
I have no problem putting it in her name, but options (for others who might read this) seem to be ...
- trust her
- let her own the land and build a house on it (which would be tricky if things went wrong - how to sell the house if she owns the land? Or just demolish it to spite her?)
- perhaps own a company which owns the land (if farang can own Ph companies; or farang companies can own Ph land)?
- buy a condo
- errm, that's about it
Restaurants are popular, though you'll need some market research. I don't know much about the market in Nueva Vizcaya.pin0y wrote:If I have a small amount of money - not enough to last my life, but enough to invest a little - what would you recommend? A bar? Restaurant? A farm?
Given that I have no experience, I would put up a few 10k and have my wfie -to-be's family/friends run it
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