1 Bedroom Condo for sale in The Lerato, Bel-Air, Metro Manila, Makati, Metro Manila
Makati, Philippines
Guide Price
$97345
5500000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
Cosmopolitan Living in Makati’s Newest Lifestyle Hub Creativity and vitality keep the future bright as inspiration takes place at The Lerato. Fueled by the same dynamism that constantly recreates Makati as a city of great passions and potential, The Lerato will be surrounded by centers of enterprise and culture true to the flourishing spirit of the city.
Live comfortably with modern conveniences that easily compliment your own vibrant lifestyle. Tap into your own creative energies and explore its boundless potential. The dynamic art of discovery will come full circle with the Shops at The Lerato, a 2,800 sq.m. destination with an expanse of open greens and specialty retail establishments. Life at The Lerato will invite you to discover the city as it unfolds around you.
Location and Vicinity
Located in the burgeoning creative hub of Makati Central Business North, The Lerato will be surrounded by centers of enterprise and culture, such as theaters, boutiques, and art galleries true to the flourishing spirit of the city.
The entire three-tower development is approximately 9,813 sq.m. of land area located at Barangay Bel-Air, Malugay St., Makati City. Telephone number: View Phone
Living in Makati
The Philippines' original financial hub with excellent walkability in neighborhoods like Salcedo and Legaspi Village, where you'll find upscale dining, international schools, and top hospitals within walking distance. English is universal here (the Philippines' biggest advantage for American expats), keeping daily life frictionless. It's the priciest area in the Philippines but still very affordable by US standards, with modern condos and a large expat community.
Island-hopping on weekends, karaoke as a national religion, and a Filipino hospitality so genuine that you will be adopted by your neighbor's entire extended family before your first month is over.
Visa
SRRV (Special Resident Retiree Visa) — available from age 40+. Requires $15,000-50,000 deposit depending on age and pension status. Grants indefinite stay with multiple-entry privileges. SIRV (Special Investor Resident Visa) — requires $75,000 investment in Philippine securities. No age minimum. Both offer permanent residency.
Learn more: The Complete Guide to Moving to the Philippines→Key Fact
English is an official language and widely spoken — making the Philippines the easiest Asian country for American expats to navigate daily life. Private healthcare is excellent and affordable, but infrastructure outside Manila can be underdeveloped.
Learn more: The Cheapest Cities to Live Abroad→Philippines at a glance
How Philippines scores for American expats
Cost of buying in Philippines
Estimated fees and ongoing costs for this property
Closing Costs
5-8% of purchase price
- ·Transfer tax: 0.5-0.75%
- ·Documentary stamp: 1.5%
- ·Capital gains tax: 6% (seller, but often negotiated)
- ·Registration: ~0.25%
- ·Notary: ~0.5%
Annual Costs
Property Tax
1-2% of assessed value (varies by city)
Insurance
₱5,000-15,000/yr
HOA / Condo Fees
₱3,000-10,000/mo for condos
Good to Know
Agent Fees
Seller pays (3-5%)
Foreign Buyer Note
Foreigners CANNOT own land. Can own condo units (max 40% foreign quota per building). Houses possible via long-term lease or Filipino spouse.
Legal help in Philippines
Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.
Need a local attorney in Philippines?
We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.
Contact Agent
JA. PA. Realty Corp.
Next steps for moving to Philippines
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
Know your tax obligations
US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
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