There are two main types of property ownership in the Philippines:
1. Freehold land. Private freehold land is exclusively available only to Philippine nationals. Those that count as Philippine nationals include Filipino citizens, and corporations, partnerships or other juridical persons that are at least 60% Filipino-owned.
2. Leasehold land. Leasehold corresponds to properties that may only be held for a given length of time. All public land may be owned by Filipino citizens on a leasehold tenure; however, private land may be leased by international corporations with certain restrictions.
About condominium units, foreigners can own 100% of one or more units, until the 60% of the building is owned by Filipino citizens.
Extracted by Savills investment guide; reworked and translated by Helyos Partners.