Property ID: 1353258

Price: 1353258 118287.00 USD

Key Features

Residential Property

The Philippines - Western Visayas - Capiz

Apartment

Full Description

An excellent opportunity to acquire an apartment on this established and favoured golf course on this stunning island in the Philippines. This development offers a fully managed investment opportunity with guaranteed returns at a minimum of 12.4% with non status finance available at 50%.

The Philippines are reported to be " the fastest-Growing economy in Southeast Asia" showing a "real domestic growth rate of 7.3%"

After the running cost have been deducted minimum net yields are guaranteed dependant on the unit between 12.4 and 14.2%. As mentioned non status financeis available on this project at 50% of the purchase price with a term of up to 15 years

The villa will contain just 56 suites comprising 42 studios and 14 of the well proportioned two bedroom properties. The units will come fully furnished, and each owner of the properties  will enjoy corporate membership of the Fairways & Bluewater Resort & Country Club which will give full use of the golf course and the clubs amenities at any time

This Fairways & Bluewater Golf Resort is a beautiful golf course set on the popular island of Boracay in the Philippines and is a championship par 72 course created by Master Golfer Graham Marsh of Australia. It offers a perfect golf course with stunning planting, water features and breathtaking views, complimented by the club house with excellent restaurant facilities, fitness centre, spa, swimming pool situated above the pretty beach of Paradise Cove. The resort also offers other activities such as horseback riding on the beach and a number of water-sports including boating and scuba diving.

Boracay, is the stunning preferred holiday destination in the Philippines. It is just one of the 7107 islands that make up the Philippines and can be accessed by a 10 minute boat ride from Cataclan Airport. The island is renowned for its stunning beaches with white beach being reported to be one of the 10 best beaches in the world. This area is expected to increase further in popularity on the completion of the airport on neighbouring island of Caribo

Whilst a relatively emerging market for the property investor the tourism market in the Philippines is already established. Tourism in the Philippines breached 3 million in 2007. In Q1 2008 tourism grew by approximately 8%, with the Koreans being the highest source. The growth seen in 2008 was due to a high percentage increase in tourists from Hong Kong, Canada, Australia, China and the UK.