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Buying Property in the Philippines Subic Bay
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- เผยแพร่เมื่อ 27 ม.ค. 2017
- Western affordable living in Philippines, Subic Bay. The best kept secret in all of Asia! Foreigners can legally own land!
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Nice and peaceful area to live in. I would love to live in here for sure
I was there 34 years ago it was a great place and i am planing to visit
Gapo and SBMA are awesome. I've been many times (currently live in CRK because of my job) and really enjoy the laid back atmosphere and the clean air compared to most larger cities in the P.I.
The best port i ever visited, i was station on the midway went there a lot of times, i am planing to visit again
Hi Peter, I enjoy your very informative videos. We lived just South of downtown Davao City for almost 5 years and then most of 2014 in Bacoor, Cavite. You have encouraged my wife and I to look into reinvesting in Subic Bay. On a not so related subject. I can't help but think of Donald Henry Pleasence when watching you share. Even your smile reminds me of him. Keep up the great work.
Thank you Peter, for this important informations, specially for those people like me who’s thinking of moving to Philippines with children’s. Safety and schools are the most importants for us.
This is great information...I was stationed at Cubi Point while flying P-3 Orions back in the day...just in Manila a month ago on business with the DND...so familiar with the area. What is the average cost for a decent home in the area... I would only need a get away where I live there a few months a year. So about 1000 - 1500 Sf
CLOSE TO OCEAN ADVENTURE MARiNE PARK TOO, DE BA?
thats inside Subic Base , now called SBFZ Subic Bay Freeport Zone
Thank you for your informative videos. I have subscribed. Since you know a lot about the Philippines, maybe you can tell me what the laws are concerning a single foreigner moving to the Philippines and what to expect as far as importing his personal possessions. I have sent balikbayan boxes in the past, but as of August 1, 2017, a foreigner can no longer send balikbayan boxes. Thank you.
Not. True,
Foreigners are not allowed to legally own property in the Philippines.
Michael Bridges someone’s pulling your leg
Is this a fact that a foreigners can own a home and property, and is it only these lease holds that you mentioned, and if so are they hard to find? I just started traveling back and forth to subic on a regular basis, as I bought a boat and i,m storing it there,,,, I plan on moving there permanently in the next year.,,thanks
not to be cynical - but I translate the "for businesses, the employment opportunities are fantastic" to mean, "it presents the perfect opportunity for you to take advantage of the locals desperately seeking for jobs by offering fantastically low wages..........."
reanman Correct
Would you rather companies hire in China instead?
you cant have it ...you just have to lease it
what happens when the lease is up
Subic is a nice place👍. I’m from the south.
Try to google earth and check this out:
Las Villas de Manila - a prime subdivision located at the Southwoods Interchange, South Luzon Expressway, Binan, Laguna. So far, it is the only subdivision development wherein the entrance and exit to Southwoods SLEX is a stone's throw away.
Just 10 minutes drive from Ayala Alabang, along South Luzon Expressway leads to the Southwoods exit ramp where Las Villas de Manila sits, quite literally, just around the bend. After a quick left from the Southwoods toll booths, there awaits the gate entrance to an exclusive residential community sprawled on more than 26 hectares/515 lots of prime land. Inside are some Spanish-Mediterranean inspired homes.
Close to the main entrance of Las Villas de Manila is a clubhouse with two well-maintained swimming pools. And if you're not one to immerse in the sparkling blue, try sweating it out at the tennis or basketball courts, and bicycle or jogging lanes. The multi-purpose function room is also great for private parties for all occasions.
Schools abound within the vicinity. Colegio de San Agustin across the expressway and Brent School about five kilometers away, De La Salle Zobel, Woodrose, Southridge, San Beda and Benedictine in Alabang, Perpetual Help College in Binan, and STI Colegio in Carmona. Health services are likewise a heartbeat away, with the prestigious Asian Hospital located in Alabang. Don't forget too, that Makati is only 30 minutes away, certainly much less if you take the road less traveled the Skyway. it takes only 15 minute drive from Alabang to Southwoods Exit.
Across the Southwoods bridge :
along the Eco-Centrum Business Centre are Southwoods Mall, Colegio San Agustin, Sto. Nino de Cebu Church, Mcdonalds, Mercury Drugs, Unihealth Hospital, Splash Island, BPO offices, Holland Park,
Banks, Petrol Station, and etc.
Along Pacita complex : Robinson Supermarket, Pacita Terminal Bus, wet and dry market, and many more.
It’s a good investment you won’t regret. 😊✌️😇
traffic law in subic is the same as america
I am in Arizona U. S. A right now I have 2 properties in subic hills I would to sale can you post to vlog please?
Good afternoon Pete, i like your property club vlogs, and as such would tap into your vast experience related to available properties in Subic. why dont you disclose your contact details somewhere enabling us to touch base and to see how you and i can work together to find us 5-6 bedroom properties either for long term rent (3-5 years) or to purchase. we are interested in 2 connected spider homes- with a view of some sort, or some other detached homes with some land...
Great programme, thanks a lot. I'm a South African. My country has a Western influenced infrastructure, just like Subic Bay. I have a kid in Negreos and I'm planning to move to the Philippines sooner. Are there any other cities or small towns you know that have the same infrastructure like Subic that are at least in Negroes or Cebu, By infrastructure I mean house designs, tarred roads, pavements, sewage systems and cleanliness. I have a feeling Subic is as such but a bit far from my would-be-family.
ah! No!
Talaga??
Wow !! Great information for 🌴 to
foreigners to buy thre
I NEED MORE INFORMATION 🌴TO BUY
THERE ???
Do you have any plans to review the new Clark Green City project in Capas? I'd be very interested to see how that is moving along. Cheers
Can you please let me know the price of 2520 sqft land?
Hi Peter, the biggest negative and you don’t mention it ??? Is the declining lease years value you have on a lease hold property. You will never own it. 50 years is the max, and likely far less years are available on any given leasehold property there.
Slight damaged Fixer uppers in kelyaane are impossible to find now. There’s several with extreme weather damage, and Huge repair $ needed, or buy for top $ after the Renovation is already done ! But never forget the declining years left before it’s value to you goes to zero. !!!
Always RENT in the PI. It is much cheaper in the long run. Plus if Piggery or Karaoke bar opens up next store you can easily pack up and move.
ok pala dyan its beautiful to live there in subic
I recall reading some of the fine print with regard to starting a business in SB...$250,000 usd deposited to the SBFZ first- hmmmm.
Rich No. Actually go down and speak with them you will find they can waive the requirement and very minimal requirement. Maybe 5-10K USD
When I read that clause- my plans instantly changed. Your info offers encouragement.
Who said I was building a house? I was manufacturing products. Both Clark and Subic are hell holes of regulation
This was posted 2.5 years ago. Has the population and traffic changed over this time?
Yes Subic Bay is booming now, roads and infrastructure project underway now which makes things slower but still good and will be much better for long term.
Hey Pete Im coming over soon on a SRRV Classic, my house here getting sold now. Looking for a 2 BR Condo, whats the median $ for one of these in SUBIC, it's a bitch trying to find links on line. Plenty available or market pretty thin? Thanks mate
How do you find these type of properties a foreigner can buy? I’ll be moving to Philippines at the of February 2019 and looking to buy
my hometown , Olongapo ..
I'm going to be looking for a home there, is there any way I can look you up?
Ok but you didnt mention schools for kids are there schools from kindergarden to high school there? Are there many expats there of all national culture such as american black white chinese india ect? Also when your leasing the home is there a large down payment required if so what?
There's an international school there, K-12, Brent International Subic. Look it up for more info.
Good info thanks
This is ignorant. There is a tax, 5% of the gross profits, meaning sales minus CGS. Say you have a widget you build that costs you 50% in labor and materials AKA CGS. So you gross profit is 50% before you start paying out lease payments, consultant fees, licenses and permits, bookkeeping/legal costs, internet, vehicle costs, insurance, all the usual overhead costs. Now you are paying that tax on things that normally would be deducted, doubling the tax rate. Worse, Subic and Clark both have over 150 separate permits, licenses, or fees that are paid or re applied for nearly every year, some are every two years. They will bleed you dry with this stuff. You will have one very talented person working full time doing nothing but dealing with the bureaucracy. The labor is cheap but 12th month pay jacks it up by 8% as does the 25 paid holidays per years plus the days off for regional holidays. You will be forced to hire someone or train someone as an environmental officer to write the quarterly reports to DENR for such dangerous substances as light bulbs, printer cartridges, and engine oil used in your car. Sending one of your own workers to that training is gonna cost you $400 plus a week of their time and the quarterly reports are around 36 pages so after the week long seminar your Filipino will not remember but a fraction of it. Same on a medical officer, Red Cross training required, about the same costs. And your safety officer that is responsible for writing the quarterly reports to DENR. Next, anything you bring in or out is going to need a bring in/bring out permit. Here is how you get building materials in or anything that you cannot hide in your trunk. Go purchase the materials so you have the receipt. Go back to the office or a internet cafe and submit the permit including the scan of the receipt, of course you have already had the item submitted on your list of bring in items for pre approval, if not, wait a few days. About a half day after filing the permit you can print it out if there are no internet outages or if their system is up that day, head back, pick up your materials or large purchases, and go through the Customs inspection. Pay 160 pesos to park at their lot, pay the inspection fees, ignore the hints for bribes to get you through quicker, about an hour later if you are lucky you will be able to proceed in with your purchases. You save money importing and exporting on some fees but pay it back ten fold with extra paperwork to bring out exports from Subic or Clark, dito on the importing. You will be raped by the customs broker and there will be a constant barrage of bribe requests usually by the broker who has zero intention of turning over the bribe to any Customs officer.
Tim Snow Wow sounds like you had a hell of a time building a house. I personally decided against building an extension on my house. Not being a builder myself, felt out of my depth and hard to find a good builder here in SBFZ.
nice presentation
Hey Peter what kind of property can be had for say 80k US? Not really into the spider homes lol. I like the Subic area. Thanks
This man isn't telling the truth. Foreigners are not allowed to own property in the Philippines.
Tell your friend to get a kindle. Welcome to 2018 where almost every book is available at the touch of a finger. Durp!
How is Internet service? Extremely reliable? Does this srea participate in brown outs?
Did you find your girlfriend locally in Suboc Bay? Or you brought her to your home from elsewhere in the Philippines?
I do not mean to ask questions that are too personal and apologize if I have done so.
+drcggj In Subic its Super reliable internet best I found in Philippines's. GF is Filipina from local area.
I am going to visit my Girl there in the Philippines, I might want to go there Philippines Subic Bay, but not sure how much is the rent?
Raven Kay Depends if you want a long term lease or short term rental. Short term rental can be expensive.
I was watching one of your videos and it said you bought a condo in thailand
+billy johnson Yes it's a holiday home and investment.
So how do i setup arrangements to see property to lease there and for what price range per month??? How can you be contacted when i get there i travel to philippines at least once a year.
American Expat You need to find a local real estate broker. They will show you property, I am not one.
Foreigners are not allowed to own property in the Philippines. He is not being honest.
Is this latest we are looking for house to buy
Kuya Peter I subscribe to you
+Angelo Fria Thanks for subscribe Kuya!
Ako den ha.
How about hospitals
So how far is subic bay from the domestic airport in manilla?
+American Expat Dear American Expat its about 2-3 hours drive. However keep in mind the following:
A. 30 mins away is clarke international airport which is the closest airport to subic bay.
B. Subic Bay will soon open its own airport in next 1-2 years or so
hey man what does this have to do with property? subed to your channel anyway.
I am explaining in this city "Subic" foreigners can legally own house and land. most of Asia its illegal for foreigners to own.
Thanks for Sub :)
Ok i think you misunderstood me so let me explain. There are three ways to buy property (house and land) in the Philippines, two of which I do not recommend as its against the law technically and a court could later confiscate your property:
1. Have your wife or gf put in her name (I believe this is not a realistic solution as its too risky and you will have no rights to the property).
2. Setup a local Filipino company. Again too risky as can only be maximum 40% foreign owned company meaning you need 5 Filipino directors who own majority. Lawyers charge money for this setup and maintenance fees but again I dont like it.
3. THE ONLY OPTION in my opinion is to NOT buy a "freehold" title buy a "leasehold" title. The positive: YOU DO OWN THE LAND IN YOUR OWN NAME :) for up to 50 years at a time and it is renewable by the local government once you dip down to 25 years you can renew for 25 years for a nominal fee.
This is NOT renting it is a way to buy property under a different land titling system known as leasehold title. In certain areas like Subic Freeport all land is titled in this way, even the filipinos can ONLY buy leasehold titled property same as Foreigners. It puts us on equally pegging.
Compare leasehold to rental. Same house i bought which costs me $220 USD per month on a 50 year leasehold would cost me around $1000-$1200 per month to rent on a 1-2 year rental contract.
The NEGATIVE = limited leasehold properties I could only find in some beach places down south, Clark/Angeles and Subic Free port Zone. For me personally I like Subic.
P.s. If you still need help let me know and I will do a full VLOG about this one :)
Hello did you get a clear answer to the process of renting in subic bay cus im trying to find out myself. Can you let me know what you found out about the process of where where how??
American Expat Find a house and buy it from them. Hire a lawyer to do all the paperwork and submit to SBMA.
4:24 :)
I'm a little confused do you live in thailand? or both thailand and the philippines?
billy johnson I reside in the Philippines.
+billy johnson Live and reside in the Philippines.
hi Peter I'm looking at doing option 1 on your list
give gurl money she buys land in HEAR name . it's only 5 k .
if she kicks me of the property
I don't care about the property
it's the corruption Philippines
legal. system that's my question to you Peter