Foreigners can buy condominiums as long as the foreign component of the building does not exceed 40%. Dual Citizens can buy up to 1,000 square meters (sq. m.) of urban residential land and 5,000 sq. m of urban commercial land. Foreigners can also lease land up to 75 years.
High Returns on Medium sized units located in Prime Areas -
Luxury condominiums in prime areas have high yields at an average of 9.43%. Medium sized units of 70 and 120 square metres (sq. m) have the highest yields of 10.45% and 10.99% respectively.
Condominium prices range anywhere between US$64,000 to US$480,000 for properties as small as 30 square metres and as large as 280 square metres. None of which, go beyond US$2,250 per square metre, averaging around US$1,998.
