See:
http://reinvestpi.multiply.com/The Philippines is a great place to retire. It is also a relatively inexpensive retirement destination where you can make your retirement dollar really stretch. There are many that are surviving very comfortably on less than $1000 per month. Compared to the USA, the cost of living is much cheaper. You will save heaps on all of the basic including accommodation, food, utilities and transportation. Some imported goods can be a little more expensive but if you are prepared to look for local substitutes then you will save even more.
The Philippines has all the modern amenities you expect. There are plenty of restaurants serving international cuisine, nite clubs and entertainment spots, golf courses and other sports, shopping Malls and of course the beaches where you can just lay in that hammock and sip your favorite beverage under the shad of a coconut tree as you watch the sun set over the sea.
http://reinvestpi.multiply.com/http://www.retireinphilippines.com/As a general rule, anyone regardless of nationality may invest in the Philippines. However, foreign nationals enrolled in the Retirement Program are, under the Authority’s existing Implementing Investment Guidelines, permitted after a holding period of 30 days from the issuance of the SRR Visa (Special Resident Retiree's Visa)...
1. Purchase or acquisition of a condo unit anywhere in the Philippines;
2. Long-term lease of house and lot for a period not shorter than 20 years; and
3. Purchase of golf or country club shares.
http://www.pra.gov.ph/main/business_oppurtunities?page=1
