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 meters (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 meters and as large as 280 square meters. None of which,
go beyond US$2,250 per square meter, averaging around US$1,998.
