Foreign ownership in Philippines
According to this link, foreigners can’t own a property in Philippines for 100%, either you should have a local partner there, or a philippina wife as well. That’s not good for those families who want to buy a property in Philippines and move overthere.
But this site says that foreigners can own a condominium in Philippines, if total percent of the foreign owned condos is less than 40% (like they have it in Thailand). I’m rather interested in buying a small condo somewhere in Manila, I’ll write more information about this soon.