Makati, Chino Roces Ave, Legazpi Village, City of Makati, Kalakhang Maynila, Pilipinas
Makati, Philippines
Guide Price
$273,405
₱16,500,000 PHP · $273/sqft
PROPERTY TYPE
villa
BEDROOMS
2
BATHROOMS
2
SIZE
1001 sq ft
Description
2BR unit at The Beacon Tower - Tower 1, Makati City. This is a special unit (Loft Type)- there are only 2 of this type in the building. Don’t miss the opportunity owning this special unit now. This unit is originally 3 bedroom but since the owner didn’t need a 3rd bedroom, she knocked down 1 bedroom on the ground floor to enjoy a more spacious lounge. New owner can easily put the 3rd bedroom back if required. . Unit Floor Area: 93.9 sq.m. 6th floor semi-furnished Loft type/bi-level Corner unit Two bedrooms (originally 3 but we knocked down 1 room, new owner can put 3rd bedroom back if needed) . With balcony (direct access to the amenities on 6th floor) Garden unit (Facing the garden) morning sun With parking slot located on P1 With Maid’s Room and with Own Toilet With Laundry/Storage Room 2 Bathrooms Plus 1 Toilet in Maid’s room . Selling Price: 16.5M inclusive of CGT Payment term: Cash, bank financing or assume balance *Property is currently financed by BPI and still has a balance of approximately 3.5M (this is inclusive of the selling price. The Buyer can pay the bank first as downpayment so as to get the title from the bank then on the day of release, the Buyer will pay the owner the balance. Contract To Sell will be signed for the downpayment and Deed of Absolute Sale will be executed and sign upon release of the title and full payment of the balance) . Amenities: 24hour Security High Speed Elevators Gym Sauna Swimming Pool 24 Hour Concierge . Location: Walking distance to Walter mart Makati, Don Bosco and Makati Square Greenbelt and Glorietta are just 1km away! #CondoforsaleinMakati #beacontowermakati #CondoLiving #OFWInvestment #expats
Location
Open in Google MapsLiving 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: Retiring Abroad on Social Security→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.
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.
Lamudi.com.ph
200,000
PHP