Philippines can provide the retiress enldess choice of world-class destinations that will bring them closer to mother nature and beautiful sceneries.
The cost of living in the Philippines is relatively low – housing, food and labor costs are quite reasonable.
Philippines has exceptional healthcare services and facilities that are comparable to the best anywhere else.
Some of the world-class hospitals in the country are St. Luke’s Medical Center (Bonifacio Global City), Medical City (Pasig City) and Makati Medical Center (Makati CBD).
Filipinos are naturally warm, friendly and hospitable
Understanding each other will not be a problem betwen the retirees and our people. Almost every Filipino can understand and speak some English. Philippines is also considered the third English-speaking nation in terms of population.
Special Resident Retiree’s Visa (SRRV)
Megaworld Corporation in partnership with the Philippine Retirement Authority (PRA) authorizes the developer to facilitate applications for the Special Resident Retiree’s Visa of qualified foreign clients investing in its real estate products.
Special Resident Retiree’s Visa or SRRV is a special non-immigrant, multiple-entry, indefinite-stay visa which allows holders to stay in the Philippines for as long as they wish to stay in the Philippines without giving up their citizenship. SRRV is a core product of Philippine Retirement Authority (PRA).
Conversion of Deposits
Retirees who qualified to join the PRA Retirement Program has the option to convert their time deposit into active investments after a holding period of 30 days from the date of SRRV issuance.
Total amount of investments must be at least USD50,000 for conversion to be allowed.
Areas of Investment
A retiree can choose to invest their required deposit through the following means:
Purchase and acquisition of a condominium unit
Long-tem lease of house and lot, condominium or townhouse for a period not shorter than 20 years
PRA-Accredited Projects of Megaworld
One Uptown Residence – Uptown Bonifacio, Fort Bonifacio, Taguig City
Paseo Heights – Makati CBD
Savoy Hotel Mactan Newtown – Mactan Newtown, Lapu-lapu City, Cebu
Mactan Belmont Luxury Hotel – Mactan Newtown, Lapu-lapu City, Cebu
One Central – Makati CBD
Two Central – Makati CBD
Three Central – Makati CBD
8 Newtown Boulevard – Mactan Newtown, Lapu-lapu City, Cebu
One Pacific Residence – Mactan Newtown, Lapu-lapu City, Cebu
Greenbelt Hamilton – Makati CBD
Venice Luxury Residences – McKinley Hill, Fort Bonifacio, Taguig
Noble Place – Binondo, Manila
City Place – Binondo, Manila
Savoy Hotel Manila – Newport City, Pasay City
Savoy Hotel Boracay – Boracay Newcoast, Boracay, Aklan