Investing off plan

Megaworld specialise in integrated condominium live, work, play developments and have more than 19 projects in progress with opportunities for investors benefit from purchase ‘off plan’. Prices vary dependent on location, type and size of the units. From £40,000 single studios to 3 bedded luxury penthouses in the region of £200,000. Completed projects (e.g. Eastwood City in Manila) have realized in excess of 30% increase in value on completion of the project. Flexible purchase plans are designed to provide substantial discounts to those willing to pay cash to monthly interest free payment profiles over 4 years.

Buying real estate is about more than just finding a place to call home.

Buy to let

The rapidly growing economy in the Philippines is leading to increasing demand for rental condominiums. In Manila alone there are over 1000 outsourced businesses, including IBM, HP, Vodafone and Dell. The Philippines is becoming the preferred location in the world for English language call centres and customer services operations. Expansion of business throughout the country is fueling Megaworld developments in sites across the major cities and resort destinations, including Manila, Iloilo, Cebu, Boracay and Tagatay.

Rental yields in the Philippines are higher than all other Asian economies, averaging over 7% (against 5.5% in the UK).

Data from The Global Property Guide, 2015, (globalpropertyguide.com)

Because of the relatively low cost of living in the Philippines, leads to low maintenance and cost of upkeep of properties.

Mangga Properties can provide a full property management service, removing the worry for clients who no longer need to engageservices within the Philippines, instead your properties are managed directly from the UK by Mangga.

Mangga will help you find a great place to live and retire.

Purchase to live

Why not choose the Philippines to live or retire? The Philippines lifestyle is relaxed, friendly and English speaking. Why struggle to learn a foreign language when you can integrate easily within the paradise islands.

The Philippine government offers retirement visas with many benefits including:

• Permanent non-immigrant status with multiple-entry privileges through the Special Resident Retiree’s Visa;
• Exemption from customs duties and taxes for the importation of personal effects;
• Exemption from Exit Clearance and Re-entry Permits;
• Exemption from payment of travel tax provided the retiree has not stayed in the Philippines for more than one year from date of his last entry into the country;
• Conversion of the requisite deposit into active investments, including purchase of condominium unit;
• Interest on the foreign currency deposit is tax-free and payable to retiree in Philippine Pesos;
• Foreign currency time deposit can be converted into Philippine Pesos deposit, but interest is subject to withholding tax;
• Pension, annuities remitted to the Philippines are tax-free; and
• Guaranteed repatriation of the requisites deposit including invested profits, capital gains and dividends accrued from
• investments, upon compliance with BangkoSentral rules and regulations.
• http://www.pra.gov.ph