Introduction
Subic Bay, once a very busy US naval base, is now a booming Freeport Zone with an understated charm, combining natural beauty, modern amenities, and a relaxed lifestyle. With pristine beaches, world-class golf courses, and an increasing expat community, it’s fastly becoming a retirement haven. This guide intends to provide essential information that would help you decide if Subic Bay is the correct place for your golden years.
Cost of Living
Compared to most Western countries, Subic Bay is relatively more affordable to live in. In general, compared to bigger cities, housing, food, and transportation costs are lower. This will enable retirees to live comfortably with a modest budget. However, there could be higher costs for some areas within the Freeport Zone. Careful planning and budgeting would help you find the perfect balance between affordability and lifestyle.
Visa Requirements
To retire in the Philippines, including Subic Bay, an SRRV or Special Resident Retiree Visa is required. The requirements for this type of visa include a minimum investment in Philippine government securities or real property. There are several SRRV options with varying benefits and requirements. It’s important to research the options carefully and opt for the one that would best suit your situation.
Healthcare
Subic Bay has developing healthcare with a good balance between public and private hospitals and clinics. Though medical care has improved hugely, health insurance may still be a good idea to cover it comprehensively. There are a good number of reputable institutions that offer quality facilities to patients. Some hospitals also have an international patient section.
Lifestyle and Culture
Subic Bay has just the right balance of nature and today’s modern living. In addition to the pristine beaches and world-class golf courses, outdoor activities are plenty and are mixed with shopping centers, restaurants, and entertainment options. The expat community is big enough to provide support and social life.
Safety and Security
Subic Bay is a fairly safe place to live. There is little crime, but use common sense: avoid being alone in isolated areas at night, and always be mindful of your surroundings. Be wary of scams that happen to foreign nationals, and take care of your belongings. Building rapport with the locals can further ensure safety and well-being.
Things to Consider Before Moving
The enjoyment of retirement in Subic Bay lies in choosing the right area for your living. Consider all your needs, preferences, and the type of lifestyle to be spent here—not to mention your budget and access to primary services. Property options range from very affordable apartments to plush houses. Keep in mind that this will be a place with a truly tropical climate, and thus it gets hot and humid here for most of the year.
Transportation
Getting around Subic Bay does not present too much of a problem. It is serviced by taxis, jeepneys, and tricycles, although with a car, one can easily and conveniently roam the towns surrounding this Freeport Zone, which is quite small and can be easily navigated.
Education
If you have children or grandchildren thinking about coming to study in Subic Bay, there are a number of options to consider. You will also find a combination of public and private schools here, as well as international schools for foreign students. Colleges and universities are within an easy commute, too.
Nearby Attractions and Activities
Subic Bay is filled with many recreational activities one can undertake, such as diving, snorkeling, fishing, and boating. There are historical sites, natural parks, and other attractions to visit in the surrounding areas.
Pros and Cons
Pros:
- Low cost of living
- Scenic natural environment
- Safe and secure
- Large community of foreign nationals
- High-quality facilities and amenities
Cons:
- There are very limited options for public transportation available
- Far from almost everything
- Culture shock
- Visa regulations may be complicated
Weigh the pros against the cons, and you will find that this laid-back lifestyle of Subic Bay, joined with the beauty of nature, really comes up to your retirement goals.
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Ray Brocklesby, the site owner, is a Brit who now lives in the Philippines. He is retired and lives with his wife Weng, Daughter Kristelle, nephews, Harvey and Boknoy, and mother-in-law. Ray also has a son and daughter living in the UK, and a son in New Zealand.
