PH also among top retirement havens

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Shown above is the new Glorietta at Palm Drive in Makati City. Data from the Philippine Retirement Authorities (PRA) show a high concentration of foreign retirees in Makati City, which boasts of modern hospitals, malls, hotels and entertainment amenities. INQUIRER FILE PHOTO

MANILA, Philippines—Scoring a perfect 100 percent in “Cost of Living,” the Philippines makes it to the “World’s Top Retirement Havens in 2013,” an annual list prepared by International Living, a monthly publication about the best places to live in, retire, travel  and invest.

The Philippines ranked 15th in a list of 22, sharing the spot with France and Ireland, the magazine said in its website, www.internationalliving.com.

The ranking was based on a retirement index which the magazine’s editors, correspondents and in-country experts collected. The index cited eight categories, namely, real estate, special retirement benefits, cost of living, ease of integration, entertainment and amenities, healthcare, retirement infrastructure and climate.

Ecuador, which topped the list, scored a perfect 100 on climate. It scored a total 91.9 percent.

The Philippines, France and Ireland tied on the 15th place with an index score of 79.5 percent.

The Philippines scored high in ease of integration, healthcare facilities and retirement infrastructure. It scored the lowest 57 percent for real estate.

“Each destination is desirable in its own way, but they all offer something increasingly hard to come by at home: A good quality of life for a reasonable price,” the magazine said.

“Among these 22 destinations, you’ll discover places where you can save tens of thousands of dollars on world-class healthcare administered by English-speaking and US-trained doctors … find beachfront condos for less than $90,000 … and see that a couple can live well on just $900 a month excluding rent.

“Now, no ‘formula’ can spit out the name of the place that’s just right for you. After all, your priorities are uniquely yours,” it also said, addressing the retirees.

Data from the Philippine Retirement Authorities (PRA) show a high concentration of foreign retirees in Makati City, which boasts of modern hospitals, malls, hotels and entertainment amenities.

The PRA is the government agency mandated to attract foreign nationals and overseas Filipinos to invest, reside and retire in the Philippines.

Panama, Malaysia, Mexico, Costa Rica, Uruguay, Colombia, Spain, Thailand, Malta, Portugal, Nicaragua, New Zealand, Italy, Brazil, Chile, Honduras, Belize and Dominican Republic also made it to the www.internationalliving.com list of Retirement Havens.

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

  • http://www.facebook.com/profile.php?id=100000405903680 Garo Ungaro

    This is true…maintain and improve on Hospitals/Nursing Homes/Medical accessibility/Real Estate/Banking system/Safety/Security…Filipino caring attitudes will bring the World retires to our Island…Its a good investment for the Nation…We can do this…We have thousands of unemployed health care workers…They should not go abroad, all they had to do is develop a good Nursing care system to service this World Retirees. We are on the right track?.. Good planning and implementations…The World Retirees are coming/World Tourist too?…so, work hard Philippines…its about time….

    • http://www.facebook.com/askal.uman Askal Uman

      Get rid of the crime first especially the corrupt police force and those crime syndicates such as Budol, Salisi, and kidnap-for-ransom and Philippines might be a better place.

  • NoWorryBHappy

    I think the most important factors for retirees to come are:
    1 – world class health care
    2 – low crime rate
    3 – hospitality and ease of integration
    4 – amenities such malls and recreational parks
    And then we can earn their hard earned dollars ;=))

    • http://www.facebook.com/askal.uman Askal Uman

      Philippines failed on number 1,and  2

    • imongredneck

      indeed.

  • http://www.facebook.com/askal.uman Askal Uman

    International Living is lying when it rated Philippines, Panama, Mexico, Colombia, Nicaragua, Honduras as a good place to retire, especially Mexico, Columbia, and Nicaragua where crime rates and drugs related violence are high.

  • mamamiamia

    Tumpak ang articulong  ito!  The next Florida in Asia!  Exciting and Kilig to the Bones! Of course not counting the budo-budo gang and akyat bahay gang! Everything else lets Mardi Gras and Samba!!

  • legrandcharles

    Retirement haven for foreigners with $$$. Retirement hell for the local population who at 35 are considered “unemployable” by virtue of their “old age”.

  • http://profile.yahoo.com/V6LU6GEIHRAQK5DWMDTMJAA7OU Juan Palpalatoc

    Am looking forward to retiring in Tondo so I’ll be close to Divisoria and Qiapo . My relatives would think twice before coming for a visit.

  • cantonese

    THINGS TO CONSIDER are plenty. Don’t fall on the tourist trap. Stay a few months as tourist then decide. The green pasteur that are being publish might not what you have in mind. Philippines can be called heaven for some or it can be hell for others. Feel the water before you dive in.

    • http://twitter.com/erncastillo ern

      this is from a survey and that is what it tells. 

      the philippines is really hell for you, as any other place in the world. You belong to paradise, so you might as well slash your esophagus to be there sooner.

  • tekateka

    So ano na? Pwede na natin itaboy mga skwater sa Spratly’s? anyway 40% of population are squatters…

    • http://twitter.com/erncastillo ern

      ganun din kaya sasabihin mo kung ipinanganak ka sa squatter na pamilya? In your older age, your fortune/misfortune will be waiting. Hindi sa lahat ng oras at pagkakataon  nakakalamang ka.

  • Albert Einstien

    …pinapatay nila mga DUGONG FILIPINO ( rh law )  para TIRAHAN ng mga retired na BANYAGA ang pilipinas…dahil sa dollars….very very sad… :  > )

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