When the Philippine Retirement Authority was established in 1985, it aimed to make the global market recognize the Philippines as the retirement haven of choice. But this plan was designed specifically to target foreign investors, overseas Filipino workers (OFW) and balikbayans (Filipinos who acquired citizenship in their host countries and are planning to go back to the Philippines for vacation or long-term stay), and expatriates already living in the country for the love of immersing with local culture and lifestyle.
Since real estate is a booming business and assurance for long-term return of investment (ROI), retirees who are usually taking permanent career halt between the ages of 60 and 70, envisioning the Philippines as a retirement destination because of its tourism potential, low-cost of living, economic rise and flourishing real estate industry is a wise lifetime plan. Professionals either OFWs, foreigners or even local employees are saving money and resources for years or even decades to prepare for their retirement plan.
In fact, for grandparents who are coming to the Philippines after retiring from their career abroad can rekindle memories and reunite with their family and their grandchildren for a new life ahead. Condominium buying is one of the best choices to make their retirement plan moving. It is also the first step in ensuring to find and own a space within high-life, stress-free conducive location. There are two choices for retirees in pursuing their retirement plan through real estate: cash sale or term sale.
For those who already saved enough money, it's better to choose cash sale to avail hefty discount and benefits upon paying cash on a certain property or residential unit. For retirees planning to retire in the future, long term payment or term sale is a wise option. Both way, it all comes down to budget and what suits them better.
Let's say you heard about the booming economy and flourishing tourism, business and investment potentials of Iloilo City, the biggest metropolis in Western Visayas in the Philippines, the next thing that comes in your mind is visit the place, look for a chance to settle in or experience the city's charming culture, or simply to retire for permanently. Megaworld, the Philippines' most visionary and dynamic condominium developer launched Iloilo Business Park (IBP) in 2013.
By far it is the biggest mixed-use development township in the country boasting with 72-hectare property set to become a commercial, tourism and business central hub in the future at Mandurriao, Iloilo City. Offering a home that exudes extraordinary comfort, convenience and lifestyle, IBP's luxurious condominium Lafayette Park Square and the 3-tower One Madison Place are capturing the affinity and interest of retirees.
Various choices such as executive studio, one bedroom and two bedroom residential units with attractive amenities for a classy lifestyle continue to allure condo buyers. Of course, residential units are available for two buying options: cash sale and term sale that comes with flexible payment terms.
But what's priceless about IBP's condominium tower is: once a retiree own a residential unit, it feels like he or she can own the whole highly-urbane prime location, and exclusively live and experience the stress-free, vibrant lifestyle within the country's most promising township – close to Iloilo City and its cultural-tourism charm.
So, are you excited for your life-changing, life-in-style retirement plan by owning a space at Megaworld's Iloilo Business Park? Make it happen soon!
For more information, call us at +63 917 3791182, visit us online at Iloilo Condominiums or see our showroom located at the upper ground floor of Richmonde Tower, 8 Enterprise Road, Iloilo Business Park, Mandurriao, Iloilo City.
