Real Estate in Alabang, Philippines
Last updated on Jul 05, 2024
Summary: The average cost of a nice 2 bedroom home in Alabang, Philippines is around PHP 5,000,000 (USD 97,000). A nice 3 bedroom home in Alabang is around PHP 8,000,000 (USD 155,000). These properties typically include modern amenities such as air conditioning, cable TV, internet access, and a fully-equipped kitchen. Foreigners are allowed to own property in Alabang, but there are certain restrictions. For example, foreigners are not allowed to own land, but they can own condominiums and other types of real estate. When searching for a home to buy in Alabang, an expat should consider their budget, desired location, and amenities. It is also important to research the local real estate market and consult with a real estate agent. The most desirable neighborhoods in Alabang include Ayala Alabang, Hillsborough, and Filinvest City. These neighborhoods offer a variety of amenities, such as shopping malls, restaurants, and parks.
How do I find a place to live in Alabang?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One option for finding a place to live in Alabang is to search online for rental listings. Websites such as Lamudi, Zipmatch, and Property24 offer a variety of rental listings in the area. Additionally, you can search for rental listings on social media platforms such as Facebook and Twitter. You can also contact local real estate agents who specialize in the Alabang area to help you find a place to live. Finally, you can ask friends and family who live in the area for recommendations," said one expat who made the move to Alabang.
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What is a typical expat home or apartment like in Alabang?
"Expat homes and apartments in Alabang are typically modern and luxurious. They often feature spacious living areas, high-end appliances, and plenty of natural light. Many of these homes and apartments also have access to amenities such as swimming pools, gyms, and other recreational facilities. Expats in Alabang can also enjoy the convenience of nearby shopping malls, restaurants, and other entertainment options," said one person in Alabang.
What is the average cost of housing in Alabang?
If you are thinking about moving to Alabang, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Alabang varies depending on the size and location of the property. Generally, the average cost of housing in Alabang is higher than in other parts of the Philippines due to its proximity to the city center and its many amenities," explained one expat living in Alabang, Philippines.
Should I buy or rent a home in Alabang?
If you have not spent a lot of time in Alabang, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Alabang can be a great investment. It is a desirable area with many amenities and a growing economy. The cost of living is relatively low compared to other parts of the country, making it an attractive option for those looking to purchase a home. Renting a home in Alabang can also be a great option for those who are not ready to commit to buying a home. It can provide flexibility and the ability to move around without the long-term commitment of a mortgage. Ultimately, the decision to buy or rent a home in Alabang should be based on individual needs and preferences," explained one expat living in Alabang, Philippines.
What do I need to know when buying property in Alabang?
When we asked expats what advice they would give a foreigner before buying a property in Alabang, they said:
"When buying property in Alabang make sure you have sufficient funds as the prices can be quite steep. It’s advisable to hire an experienced real estate agent or lawyer to guide you through the process. Research the local area and what kind of amenities are available to make sure the area is right for you. Make sure you understand all the legal paperwork needed and any associated fees. Be aware of the different taxes associated with buying real estate, such as Transfer Tax, Value-Added Tax and Documentary Stamp Tax. Ask your real estate agent or lawyer to explain these to you. Lastly, make sure you favour up to date- titles and have these checked to prevent any future legal issues," explained one person living in Alabang, Philippines.
Are foreigners allowed to own property in Alabang?
When we asked expats what advice they would give a foreigner before buying a property in Alabang, they said...
"Yes, foreigners are allowed to own property in Alabang. The Philippine Constitution allows foreign nationals to own real estate in the country, provided that the property is acquired through a Philippine-registered corporation. Foreigners are also allowed to lease land and buildings for up to 50 years, with the option to renew for another 25 years. However, foreigners are not allowed to own land directly, and must instead purchase shares in a Philippine-registered corporation that owns the land," explained one expat in Alabang.
What appliances are typically included in a rental?
We asked foreigners in Alabang what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Alabang, rental properties typically come with a refrigerator, stove, and air conditioning unit. Homeowners may also provide other appliances such as a microwave, washing machine, and dryer depending on the specific property," explained one foreigner living in Alabang, Philippines.
Additional Information about Searching for a Home in Alabang:
We asked foreigners in Alabang what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Alabang by looking online for real estate listings, contacting local real estate agents, and asking for recommendations from other expats who have already settled in the area. Additionally, expats can attend open houses and viewings to get a better sense of the local housing market," said one in Alabang.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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