You are thinking of leasing land/lots. Leases on land can be given to foreigners for 25 years with an option (which should be mandated in the contract) to renew for another 25 years for a total 50 years (no additional time/extension can be given through any legal method). I'm not sure if that option can be extended to a person wishing to buy your lease, though I don't know of any reason why a good lawyer wouldn't have had that written into the original lease (but did the person who signed the original lease think of that? Would the property owner take you to court and contest the legality of that transfer/contract if they didn't like the new tenant?). Condos on the other hand: can be owned outright by foreigners, no spouses needed...so long as 60 percent of the condos in the building are owned, and continue to be owned, by Filipinos. Foreigners cannot own more than 40 percent of the units. Now, who is in charge of making sure that balance is maintained and who will be punished if a sale is made that upsets that balance? Who is going to get the shaft? Who is gong to be in court for the next decade or two fighting it out with a team of lawyers hired by a massive Filipino real estate corporation who doesn't have "refund" in their vocabulary? (Not this guy!) This really limits the "investment" potential in condos for both foreigners and Filipino buyers IMO. If you buy thinking you can sell to some foreigner years down the road but you then find out that the condo complex is already at the max 40% foreigner ownership, well, you just got shafted.