Quote Originally Posted by Lemon View Post
I have know idea, that condos after 50 years will revert back to the developer until an agent from DMCI mentioned this. Hindi binabanggit ng mga agent kung Perpetual Ownership ang mga condos kung hindi mo tatanungin. Before buying one, check mo muna and dapat Perpetual Ownership yun condo. Thats why I ended up getting my unit with DMCI.
It depends on whether the land on which the condo sits is leasehold or freehold. Most condos in the Phils are freehold.