McKinley West
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Overview
A 34.5-hectare upscale township in Taguig, adjacent to Forbes Park. It houses embassies and luxury residences, with mid-rise condos finishing in 2024.
Building/Community Amenities
- 24/7 Concierge
- 24/7 Security
- Clubhouse / Resident Lounge
- Fitness Center / Gym
- On-site Retail / Shops
- Parking
- Pool
- Restaurant (On-site)
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreigners are permitted to own condominium units, provided that foreign ownership does not exceed 40% of the building's total units.
Tax Considerations
Property Taxes
property tax is levied at rates ranging from 1% to 2% of the assessed value
Transfer Tax
Transfer taxes apply on purchase.
Inheritance Tax
capital gains tax on the sale price or zonal value, whichever is higher
Important Considerations
Restrictions
Required Documents
Financing Options
Financing Options
Mortgage Calculator
Financing in Philippines
The Philippines offers a range of property financing options for foreign buyers, making it an attractive destination for real estate investment. With typical loan-to-value (LTV) ratios ranging from 60% to 80% for foreigners, the country provides a competitive environment for mortgage financing. Factors such as economic growth, a vibrant real estate market, and attractive property prices enhance the appeal of investing in the Philippines. Understanding the local mortgage landscape is crucial for foreign buyers looking to capitalize on these opportunities.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income
- 3Bank statements (last 6 months)
- 4Credit report
- 5Employment verification
- 6Special Resident Retiree’s Visa (SRRV), if applicable
- 7Property reservation agreement
