top of page
よくある質問: Blog2
  • bedandgoinc

Manila Rental Living as an Expatriate Family: 4 Tips when Finding Manila's Best Neighborhoods for Condo Living Lifestyle

Date: May 14, 2024


As you contemplate relocating your family to Manila, the capital city of the Philippines, you're likely enticed by its dynamic culture and robust economy. For expatriate families, settling into this effervescent city promises an array of opportunities. Yet, the challenge of finding the perfect home looms large. In Manila, condo living in prominent districts like Eastwood City, Century City, Rockwell Center, and Fort Bonifacio Global City offers an appealing lifestyle. Here are four key insights to help you navigate Manila’s real estate as a foreign family:



1. Understanding the Neighborhoods:

  • Manila, a sprawling city with 16 diverse districts, offers a unique living experience tailored to a variety of lifestyles and preferences. For expatriate families, certain neighborhoods stand out as particularly suitable due to their modern amenities and emphasis on safety. Notable among these are Makati City, Bonifacio Global City (BGC), Ortigas Center, Alabang, and Quezon City. These areas are highly regarded for their well-developed infrastructure, which includes international schools, shopping centers, hospitals, and leisure facilities, making them highly desirable for families seeking comfort and convenience. Additionally, these districts are known for their robust security measures, ensuring a safe environment for residents. Each of these neighborhoods provides a distinct atmosphere, from the upscale, business-oriented vibe of Makati and BGC to the more relaxed, suburban feel of Alabang and Quezon City, offering expatriate families a range of options to suit their specific needs and preferences.


2. Exploring Rental Options:

  • The Manila rental market offers everything from cozy studio apartments to expansive condominium units, catering to a range of family sizes and preferences. Rental costs, however, vary significantly across different areas depending on factors such as proximity to international schools, business hubs, and lifestyle amenities. Most rental agreements feature a standard one-year lease, which can be renewed based on mutual agreement.



3. Navigating Property Ownership:

  • In the Philippines, while foreigners are restricted from owning land, they can still engage in the real estate market through the purchase of condominium units and townhouses. This arrangement offers a practical solution for expatriates wanting to invest in or secure a permanent residence within the country. It's crucial to understand that foreign ownership in any condominium project is capped at 40%. This regulation ensures that the majority of the property, or at least 60%, remains in the hands of Filipinos. This policy aims to balance the benefits of foreign investment with the need to maintain local ownership and control over residential properties. Expatriates considering such investments should carefully explore their options and seek legal advice to navigate these regulations effectively. This approach not only allows them to comply with the legal framework but also to make informed decisions that best suit their residential or investment needs in the Philippines.


4. Prioritizing Safety and Security:

  • Safety is paramount for families relocating to Manila, where residential areas emphasize robust security measures to create a secure environment. Most condominiums and gated communities offer 24-hour surveillance and CCTV systems, ensuring continuous monitoring. These security features are enhanced by trained personnel who regularly patrol the premises, allowing access only to authorized individuals. This comprehensive security setup provides expatriate families with the peace of mind necessary to comfortably settle into their new homes. The dedication to safety makes Manila an attractive option for those seeking a balance of urban excitement and residential tranquility.



Choosing to live in Manila as an expatriate family does not just mean finding a new home but embracing a whole new lifestyle. From navigating the intricacies of the local real estate market to selecting a neighborhood that aligns with your family's needs, the transition involves numerous decisions. However, by focusing on the most suitable areas, understanding the legalities of property ownership, and ensuring the safety of your living environment, your family can indeed flourish in the vibrant, culturally rich setting of Manila. Embrace the adventure and the opportunities that Manila has to offer, and you might just find that condo living in this lively city is not just convenient, but also incredibly rewarding.








References:




閲覧数:2回0件のコメント

Comentários


bottom of page