All Topics / Overseas Deals / Investing in the Philippines

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  • Profile photo of stebsstebs
    Member
    @stebs
    Join Date: 2005
    Post Count: 1

    I have recently come across an offer for an 'off-the-plan' apartment in a resort near Talisay and Lake Taal (55km SE of Manila). An Australian company is managing the investment, rents are paid in Australian dollars and managed by an Australian Property Manager.

    Does anyone have any experience investing in the Philippines? The deal offered is very attractive but I am wondering if there are any obvious pitfalls to look out for.

    Thanks

    Profile photo of rongopakaharongopakaha
    Member
    @rongopakaha
    Join Date: 2005
    Post Count: 1

    hi stebs, i have come across the same investment , balai isabel. thru cameron bird, who did u deal with. have reserved one and am now doing due dilligence. have you gone ahead with the deal. very interested to know how u got on.

    Profile photo of thinkerthinker
    Member
    @thinker
    Join Date: 2005
    Post Count: 29

    my 2c

    Off the plan resort in Australia is fraught with potential issues, let alone the Philippines. Make sure you factor in the political risk – it is still a third world country.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    What is the finance situation like in the Philipines? Can non-residents get loans?

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 4 posts - 1 through 4 (of 4 total)

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