16 June 2016

Global property portal lists Subic Bay among best PHL places for foreign retirees

This premier Freeport again made it to the list of top destinations in the Philippines for foreign retirees, as gathered by an online global real estate marketplace.

Online global property portal Lamudi issued its “Best Places in the Philippines for Foreign Retirees” where Subic Bay Freeport is listed among 15 locations offering the best retirement options in the country.

Sunset at Subic Bay (RFV via Commons)

Subic Bay Freeport is the only special economic zone in Lamudi’s list, as most of the areas that are in the roster are highly-urbanized cities. It is listed at number 7 by the portal.

“Renowned for being a former overseas U.S. military installation, the Subic Freeport Zone is perfect for foreign retirees who want to continue their American suburban lifestyle in the Philippines. Along with its duty-free shopping, there are also a number of great schools, hospitals, and hotels and resorts in the city,” Lamudi said.

“While there is plenty to do and see in the Freeport Zone, probably one of its biggest draws as a retirement area, is the location’s cleanliness and orderliness,” it added.

According to the portal, choosing from among the Philippines’ 7,107 islands can be challenging for foreign retirees, but taking into “consideration cost of living, the presence of basic necessities, and the overall retirement atmosphere in an area, it becomes just a little bit easier to narrow the list down.”

Other areas that made it to Lamudi’s list are Imus and Bacoor in Cavite; Santa Rosa and Calamba in Laguna; and the cities of Tagaytay, Cebu, Dumaguete, Bacolod, Cagayan de Oro, Davao, Baguio, Tagum, Lipa, and Batangas.

In 2015, Forbes Magazine, also well known for its lists and rankings, cited Subic Bay as a top retirement destination in the Philippines.

Forbes' list of 20 best foreign retirement havens in 2015 includes the Philippines, particularly mentioning Subic Bay as one of only two locations in the country that are popular retirement spots, the other one being Tagaytay.

Lamudi is a global property portal focusing exclusively on emerging markets. It is a real estate marketplace which offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online.

This fast-growing platform is available in more than 30 other countries in Asia, the Middle East, Africa and Latin America, with more than 800,000 real estate listings across its global network. (RBB/MPD-SBMA)