New listing, Pasay, Metro Manila
Pasay, Philippines
Guide Price
$61947
3500000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
Shell Residences
Prime Investment | Ready for Occupancy | High Rental Demand
Own a fully furnished 1-Bedroom condo in Shell Residences, located in the highly sought-after SM Mall of Asia (MOA) Complex — one of the best Airbnb and rental locations in Metro Manila.
Perfect for Airbnb business, long-term rental income, or personal residence. The area is surrounded by malls, offices, hotels, casinos, restaurants, and entertainment hubs, making it attractive to tourists, expats, and professionals.
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PROPERTY DETAILS
• Condominium: Shell Residences
• Unit Type: 1 Bedroom
•
Floor Area: 32 sqm (larger than most units)
• Condition: Fully Furnished
• Status: Ready for Occupancy
Selling Price: ₱3,500,000 (Rush Sale – Priced to Sell)
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Why This Unit is a Smart Investment
✔ Spacious 32 sqm layout – bigger than typical units
✔ Located in the high-demand MOA rental district
✔ Perfect for Airbnb or long-term leasing
✔ Walking distance to MOA Complex & Bay Area offices
✔ Strong rental demand from tourists, expats & professionals
✔ Excellent opportunity for investors or first-time buyers
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Nearby Landmarks
• SM Mall of Asia
• SMX Convention Center
• Okada Manila
• Solaire Resort & Casino
• City of Dreams Manila
• Ninoy Aquino International Airport
• Aseana City Telephone number: View Phone
Living in Pasay
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
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 — the complete pre-move checklist.
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