No.
Ownership of land in the Philippines is regulated by the 1987 Constitution and the Public Land Act, among others. The Constitution provides that except in cases of hereditary succession, only those individuals, corporations and associations allowed to acquire or hold lands in the public domain can acquire private lands. In this connection, Commonwealth Act No. 141, otherwise known as the Public Land Act, expressly limits the acquisition of land in the public domain to Filipino citizens, or domestic corporations or associations of which at least 60% of the capital stock is owned by Filipino citizens. Stated otherwise, foreign individuals or corporations where more than 40% of the capital stock is owned by foreign individuals cannot own land in the Philippines.