| Finance to Support Philippines Real Estate Investment |
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Philippines real estate investment will not avoid the impact of the global economic downturn. Stricter lending guidelines and government policies put in place to avoid credit problems means sourcing the most appropriate finance to support Philippines real estate investment is an important step. Following is information related to Philippines real estate investment and the services provided by Healy Consultants:
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1.
| By law, foreign individuals can not buy land in the Philippines. However, they can invest in the Philippines real estate market, including the sectors of residential real estate and commercial real estate. The three ways are:
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i)
| Having a Filipino spouse. In the unfortunate event of separation, the title can not be transferred to the foreign individual.
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ii)
| Foreign ownership in a Philippine corporation. Foreign individuals can only acquire up to 40% of the equity in a Philippine company that owns land in the Philippines.
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iii)
| Property without land such as a condominium .
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2.
| The majority of Philippines real estate investment from foreigners is in luxury condo style developments in the best area's of Manila, and also Cebu. While it is the high-end segment in the Philippines, prices are lower than comparable property in any other parts of Asia. This can provide strong rental yields, especially in popular resort areas, where annual returns can often reach around 10%.
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3.
| Whether buying property in Philippines or selling property in Philippines, Healy Consultants provides professional advice to international entrepreneurs and investors interested in Philippines real estate investment. Our firms services cover the i) residential real estate sector, ii) commercial real estate sector. | |||
4.
| Healy Consultants provides comprehensive tax and accounting advice for Philippines real estate investment. The overall transactions costs for Philippines real estate investment can be quite high. The costs to the investor include transfer tax, deed of sale, capital gains tax, document stamp duty, legal and agent fees
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5.
| Healy Consultants assists investors obtain appropriate property finance to help in securing their Philippines real estate investment. The processes our firm undertakes include:
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i)
| Locating competitive, international mortgages to fund Philippines real estate investment. Our firm works with leading international banks including ANZ Bank, DBS Bank and OCBC Bank. | |||
ii)
| Comparing the property finance options available for our client and presenting the recommendation from our firm. This allows the client to make an informed decision on the most appropriate finance option.
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iii)
| Preparing a business plan, including cash flow projections. This can assist to increase the probability of mortgage approval.
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iv)
| Negotiating banking terms and conditions on behalf of our client.
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v)
| After securing the property finance, our firm assists clients to open personal and corporate bank accounts to receive rental income and/or to make mortgage repayments for their Philippines real estate investment.
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vi)
| Acting as intermediary between our client and the mortgage bank for the entire process of obtaining property finance for their Philippines real estate investment.
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6.
| Healy Consultants will appoint and supervise a local lawyer to ensure all the legal aspects of Philippines real estate investment are undertaken correctly. Having an experienced lawyer is an important step of international real estate investment, to ensure the local laws are adhered to while at the same time protecting the investors newly acquired asset.
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7.
| For clients who are migrating to the Philippines, Healy Consultants project manages all the requirements including immigration visas, organizing relocation services, and providing familiarization information on their new country.
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8.
| Our firm's clients benefit from the comprehensive property management services provided by Healy Consultants. Services including arranging property refurbishments and property maintenance, finding tenants, organizing property insurance, arranging property valuations, and implementing property security requirements are all activities which can be time consuming for an international investor.
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| Contact Us | ||||
For more information on Philippines real estate investment, call our Singapore office at (+65) 67350120 or contact email@healyconsultants.com
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