The Perfect Retirement Home for Active Adult: CostaVida Residential Resort in Mactan, Cebu Philippines
Retire in Style, Best Place to stay in Asia
- May 15, 2024
The Perfect Retirement Home for Active Adult: CostaVida Residential Resort in Mactan, Cebu Philippines
There is a time in life when we shift our thinking towards maximizing the potential and capabilities of our money and lifelong savings—retirement, when our abilities and opportunities to earn diminish even as our living expenses persist.
Fortunately, there are places in the Asia where you can truly maximize your retirement funds. Consider for example, the upcoming CostaVida in Mactan, Cebu. It is the perfect retirement home in the Philippines, in the Central Visayas region where it is arguably the seat of trade, commerce, industry, education, culture, healthcare and tourism.
Can Foreigners Retire in the Philippines?
Yes! In fact, the Philippines offers Special Resident Retirees Visa (SRRV) to foreign nationals 50 years and up. The SRRV extends benefits that makes it attractive for foreigners and former Filipinos to consider retiring in the Philippines.
Under the Philippine Government’s SRRV program, foreign retirees are granted multiple entry/exit privileges, exemption from certain immigration documentary requirements, customs and taxes for some imported goods, and some travel tax perks. In addition to other benefits, retired foreign nationals are also entitled to PhilHealth benefits.
How can Foreigners Qualify to SRRV?
The Philippine Government has listed the SRRV options in the Philippine Retirement Auhtority website. But one clear way to avail this is via the SRRV Classic option. This is available for active and healthy retirees, who choose to use their SRR Visa deposit into active investments like a long-term lease of a house and lot, or a purchase of a condominium unit.
This means that a foreigner who purchases a condominium for his or her retirement home in the Philippines, as long as the value of the condominium unit is at least US$50,000 or under Php3 Million pesos, is also already fulfilling a requirement under the SRRV Classic route.
What Makes CostaVida Ideal for Retirees?
First, consider the name. “Costa” and “Vida” are Spanish for coast and life, respectively. So when you choose CostaVida Residential Resort for your retirement home in the Philippines, you’re actually choosing to live by the beach. It is the first RESIDENTIAL RESORT in the Philippines for retirees.
Megaworld International’s CostaVida is located in Mactan Newtown, a 30-hectare township development that breathes life into the live-work-play-learn concept of this award-winning developer. Live-work-play-learn is aimed at building communities that addresses all the needs of its residents within the township, making it easy for residents to thrive without necessitating leaving the township.
The Mactan Newtown will be home to CostaVida and will feature residential condominiums, high-end office towers, a hotel, retail shops, a Lasallian-supervised school and a lifestyle mall along a beachside. Now, imagine your retirement home in the Philippines to be right inside Mactan Newtown? Wouldn’t you call that retiring in a resort?
CostaVida will feature the following:
- Medical and Wellness Hub
- Prayer Room
- Fitness Center
- Game Room
- Pool w/ Jacuzzi
- Spa / Sauna
- Outdoor Grill
- Putting Green
- Meditation Garden
- Energy-generating outdoor fitness equipment
- Private dining with simple kitchen, and
- Co-working spaces.
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But beyond these amenities, it is also the careful attention to retirement needs and details that makes CostaVida a remarkable retirement option. It will feature en-suite units which feature wheelchair-accessible master’s bedrooms and master’s toilet and bathrooms. It will even host activities specifically engaging retirees, including:
- Yoga, Zumba, Tai Chi
- Gardening, painting, art classes
- Volunteering opportunities
- Weekly group outing, and
- Specialized programs tailored to the unique needs of the active adults.
Clearly, CostaVida, which shall be accredited with the Philippine Retirement Authority and the Special Resident Retiree’s Visa, is the retirement home in the Philippines that can make the most of any foreign national’s retirement funds and pension.
Find out more about how you can retire in the Philippines by owning a condominium unit with among the top, if not the best,
