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Manila Bulletin devider Property and Living devider From Metro Manila to the provinces: Foreign retirees choose PH

From Metro Manila to the provinces: Foreign retirees choose PH

Foreign retirees invest in real estate properties as part of their retirement program in the Philippines

Published Jul 28, 2026 11:03 am
Shore Residences 3, Mall of Asia in Pasay City (Artist's perspective: SMDC)
Shore Residences 3, Mall of Asia in Pasay City (Artist's perspective: SMDC)
The Philippines has officially cemented its global reputation as the ultimate home for foreign retirees. The country claimed the No. 1 spot in the Retirement Abroad Index 2026, published by international health insurance specialist Expatriate Group. This global milestone follows the recognition as the Best Retirement Destination in Asia at the 2025 TripZilla Excellence Awards, formally presented to the Philippine Retirement Authority (PRA) in December last year.
The index evaluated 20 countries, and the country scored high across five key areas:
Exceptional affordability. A retired couple can typically live comfortably on about £750 to £1,000 per month (roughly ₱47,000 to ₱63,000). Compared to Metro Manila, costs are even lower in regional and coastal areas.
English proficiency and community. The widespread use of the English language makes it easy for retirees to integrate into local communities and navigate daily life.
High-quality private healthcare. The country offers excellent private medical care, though experts note there can be a gap between urban and rural medical facilities.
Accessible retirement visa. Managed by the PRA, the Special Resident Retiree's Visa (SRRV) program stands out as one of the world's most accessible retirement visas.
“Foreign retirees also choose the Philippines for the welcoming attitude shown by Filipinos,” said PRA General Manager and CEO Roberto Z. Zozobrado in a broadcast interview. “They feel welcomed here as part of the family.”
Laurent Park in Cubao, Quezon City (Artist's perspective: Megaworld Corp.)
Laurent Park in Cubao, Quezon City (Artist's perspective: Megaworld Corp.)
Best options for retirement
According to the Department of Tourism, the Philippines hosts more than 83,000 SRRV holders as of 2025. The foreign retirees come from 150 countries, with China leading the list, followed by South Korea, India, the United States, and Taiwan.
Zozobrado said that foreign retirees tend to select residences near medical facilities, shopping malls, and those with golf courses. As for location, most retirees choose to reside in Metro Manila, parts of Central Visayas, particularly Cebu, and parts of Central Luzon, he added.
The capital region appeals to retirees who prioritize world-class healthcare, international airports, luxury high-rise condominium living, and modern commercial hubs. Meanwhile, Cebu offers a blend of urban convenience and beachside living, with top-tier medical facilities, an international airport, and a vibrant expat scene without Manila's heavy density. Urban centers in Central Luzon provide a modern lifestyle, health facilities, and access to retail and recreational hubs.  
Suarez Residences in Metro Cebu (Artist's perspective: Vista Residences)
Suarez Residences in Metro Cebu (Artist's perspective: Vista Residences)
Investing in real estate
There are several SRRV options that active retirees may choose from. Under the SRRV Classic option, retirees can convert their visa deposit into an active real estate investment. While foreign nationals generally cannot own land directly, they can use these funds to purchase ready-for-occupancy (RFO) or pre-selling condominium units or avail themselves of long-term leases on townhouses, houses, and lots.
There are major accredited property developers that support the PRA retirees by offering real estate options with homes designed for comfort, convenience, and leisure. Strategically located within urban centers and resort-like communities, these properties provide suitable living spaces with a vibrant social life.
For retirees who are looking for the perfect balance of comfort, convenience, and community, SM Development Corporation (SMDC) offers residences and integrated developments that provide a lifestyle that prioritizes wellness, security, and ease of living. At the MOA Complex, Shore Residences 1, 2, and 3 retirees enjoy the convenience of a vibrant yet relaxing environment.
Megaworld Corporation’s Laurent Park is a smart-home condo inside the Araneta City township with a more balanced environment that is active and convenient, but not overwhelming. Shopping malls and retail centers are walkable inside the Gateway complex. Several major hospitals and medical centers are accessible with just a short Grab ride or MRT ride away.
The Suarez Residences by Vista Residences is a premier mixed-use condominium that has a shopping center, hotel, and residential hub all in one tower. Strategically located in bustling Metro Cebu, the 29-story tower delivers easy access to the city's government buildings, commercial and recreational districts, office buildings, major hospitals, universities, and schools. 

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Shore Residences SMDC Vista Residences retirement homes
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