New listing, Manila, Metro Manila
Manila, Philippines
Guide Price
$104425
5900000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
Resort-Style Living | Airbnb Potential | Prime Airport
Location | โฑ5,900,000
Own a spacious fully furnished 1-bedroom condo in Montecito Residences, located inside the prestigious township Newport City โ one of the most stable and high-demand rental districts in Metro Manila.
Strategically located near luxury hotels, casinos, restaurants, and commercial establishments, and just minutes from Ninoy Aquino International Airport Terminal 3, making it ideal for Airbnb, corporate rentals, or long-term investment.
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PROPERTY DETAILS
โข Condominium: Montecito Residences
โข Unit Type: 1 Bedroom
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Floor Area: 40 sqm
โข Condition: Fully Furnished | Move-In Ready
โข Ownership: Clean Title
โข Status: Ready for Occupancy
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Selling Price: โฑ5,900,000
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Why This Unit is a Smart Investment
โ Located in the prime township Newport City
โ Spacious 40 sqm layout โ ideal for Airbnb or long-term rental
โ Resort-style development with premium
amenities
โ Walking distance to hotels, restaurants, casinos & shopping
โ Strong rental demand from expats, airline staff & tourists
โ Excellent opportunity for OFW investors or first-time buyers
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Nearby Landmarks
โข Newport Mall
โข Newport World Resorts
โข Marriott Hotel Manila
โข Hilton Manila
โข Sheraton Manila Hotel
โข Ninoy Aquino International Airport Terminal 3
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๏ฟฝ Perfect For
โ Airbnb / Short-Term Rental Investment
โ Long-Term Leasing Investment
โ OFW Investors
โ Frequent Travelers
โ Professionals working in Pasay, Makati, or BGC Telephone number: View Phone
Living in Manila
The capital's dense urban core offers rock-bottom costs ($1,000-$1,500/month for a comfortable life) and widespread English fluency. Makati and BGC are the expat hubs with modern condos, international restaurants, and reliable infrastructure. The trade-offs are intense traffic, tropical heat, and the chaos that comes with a megacity of 14 million.
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) โ 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) โ requires $75,000 investment in Philippine securities. No age minimum. Both offer permanent residency.
Learn more: The Complete Guide to Moving to the PhilippinesโKey Fact
English is an official language and widely spoken โ 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 AbroadโPhilippines 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
- ยทTransfer tax: 0.5-0.75%
- ยทDocumentary stamp: 1.5%
- ยทCapital gains tax: 6% (seller, but often negotiated)
- ยทRegistration: ~0.25%
- ยทNotary: ~0.5%
Annual Costs
Property Tax
1-2% of assessed value (varies by city)
Insurance
โฑ5,000-15,000/yr
HOA / Condo Fees
โฑ3,000-10,000/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 โ 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 โ yours.
Contact Agent
Sandi Doloricon
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 โ the complete pre-move checklist.
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