<div dir="ltr"><div dir="ltr"><div class="gmail_default" style="font-size:large;color:rgb(53,28,117)">Hi Tom,</div><div class="gmail_default" style="font-size:large;color:rgb(53,28,117)"><br></div><div class="gmail_default" style="font-size:large;color:rgb(53,28,117)">I don't have anyone well versed in Manila/Makati City condos to refer to you, but have some suggestions based on my family's personal experiences as permanent residents and owners of real estate in "that part of the world:"</div><div class="gmail_default" style="font-size:large;color:rgb(53,28,117)"><br></div><div class="gmail_default" style="font-size:large;color:rgb(53,28,117)">1. Inform your client about the fluctuating USD/peso exchange rates. The USD has been strengthening the past few years, so that's great if client is using USD (versus pesos or whatever currency) to purchase;</div><div class="gmail_default" style="font-size:large;color:rgb(53,28,117)">2. Here is a decent, reputable website you may want to check out to get the basics about being an overseas investor:</div><div class="gmail_default" style="font-size:large;color:rgb(53,28,117)"><a href="https://www.propertyguru.com.sg/overseas-property-for-sale">https://www.propertyguru.com.sg/overseas-property-for-sale</a> (the prices are listed in SGD)</div><div class="gmail_default" style="font-size:large;color:rgb(53,28,117)">3. Look into whether there are excise taxes for non-citizens owning real estate in PH; many countries in ASEAN have strict rules against foreign land ownership; and a follow along is all the paperwork involved in sending money overseas (think FATCA/CRS) if your client is a "U.S. person;"<br></div><div class="gmail_default" style="font-size:large;color:rgb(53,28,117)">4. go for an actual site visit before putting money down (I won't go into the anecdotal horror stories I've heard); and</div><div class="gmail_default" style="font-size:large;color:rgb(53,28,117)">5. have someone local (who speaks working English, Tagalog AND another dialect) on the ground to monitor the investment regularly. (think about the Philippine labor diaspora...and the quality of construction). <br></div><div class="gmail_default" style="font-size:large;color:rgb(53,28,117)"><br></div><div class="gmail_default" style="font-size:large;color:rgb(53,28,117)">Best of luck,</div><div class="gmail_default" style="font-size:large;color:rgb(53,28,117)">Lisa<br></div></div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Mon, Mar 18, 2019 at 1:10 PM <<a href="mailto:wsbarp-request@lists.wsbarppt.com">wsbarp-request@lists.wsbarppt.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">Send WSBARP mailing list submissions to<br>
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1. Real estate atty or broker in Manila/Philippines (Tom Lee)<br>
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Message: 1<br>
Date: Mon, 18 Mar 2019 11:24:54 -0700<br>
From: Tom Lee <<a href="mailto:tlee@cuttinglaw.com" target="_blank">tlee@cuttinglaw.com</a>><br>
To: <a href="mailto:wsbarp@lists.wsbarppt.com" target="_blank">wsbarp@lists.wsbarppt.com</a><br>
Subject: [WSBARP] Real estate atty or broker in Manila/Philippines<br>
Message-ID:<br>
<CALeO96jc+D7_h3etaa_91FSxp7dnyX31ZR4Liq=<a href="mailto:W3hfV7gEXOg@mail.gmail.com" target="_blank">W3hfV7gEXOg@mail.gmail.com</a>><br>
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<br>
I'm looking to speak with a reputable real estate attorney or broker who<br>
knows the residential real estate market in Manila, particularly regarding<br>
condos. PC looking to buy condo at a newly constructed high rise in Manila;<br>
this is out of my wheelhouse and would like to talk to a knowledgeable<br>
attorney or real estate broker who knows the Manila market.<br>
<br>
Thanks!<br>
<br>
-- <br>
Tom Lee<br>
*Associate Attorney *<br>
Cutting Law Office PC<br>
2701 First Avenue, Suite 500<br>
Seattle, WA 98121<br>
<br>
<a href="http://www.cuttinglaw.com" rel="noreferrer" target="_blank">www.cuttinglaw.com</a><br>
206.788.8840<br>
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End of WSBARP Digest, Vol 54, Issue 13<br>
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