Can foreigners own real estate in Boracay Philippines?

Newcoast Village

Newcoast Village

Foreign ownership of real estate in the Philippines has always been a prickly issue. There was a time when it was not possible for foreign nationals to own land, homes, or condominium units in the country.

With the new development of the Boracay Newcoast by Megaworld Corporation, it is now possible for foreigners to own a piece of Boracay real estate in one of the best beaches in the world.

The Boracay Newcoast is comprised of 5 districts. The Newcoast Village which is a residential area where homes and villas can be built. The Oceanway Residences is a mid-rise condominium development in the middle of  Boracay’s only golf course by the Fairways and Buewater Resort and Country Club.

The Shophouse District and Boutique Hotel District are commercial areas where entrepreneurs may invest and operate their business. The Savoy is a first class hotel within the Boracay Newcoast which is the only part of the Megaworld development wherein foreigners may not invest or own property.

Visit the web site of Negros Real Estate to know more about Boracay real estate properties for sale.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Bucket List Publications

Indulge- Travel, Adventure, & New Experiences

centralebacolod

Bacolod Lots for Sale in the new home address for success in the 21st century

%d bloggers like this: