ESCAPE
TO PRISTINE AZURE HIDEAWAYS. The Balaihara Newcoast Villatel will have
nine separate buildings. Each building shall house only 30 rooms with
an area of wither 54.9 square meters or 70 square meters each.
BREATHE IN SPECTACULAR GREEN VIEWS. Boracay is a favorite tourists
destination with over 400,000 local and international visitors
arriving each year. Found in the Northwestern tip of the Panay Island
in the Philippines, it boasts of crystal clear sapphire waters and
powder white sand. Balaihara is located amidst the only golf course in
the entire Boracay Isaland.
RETURN TO YOUR INVESTMENT. Buyers will have complete ownership of
their units, being granted a Certificate of Condominium Title. Each
unit will be immediately leased back to the developer for 15 years,
and will be managed and operated as a hotel. But unit owners have the
exclusive privilege to use their units for a total of 30 days per year
for the 15 year period. Projected Return-on-Investment can be expected
in as fast as 4-5 years depending on tourist traffic, and recurring
revenues from hotel operations can be enjoyed until the 1 year
contract expires. This contract is also renewable for another 15 years
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- 2-Bed Capacity Room,
- Toilet and Bath with Walk-In Closet,
- Balcony,
- and it is Fully-Furnished (sofa, single beds, coffee and side
tables, luggage rack, and TV set),
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- 18-hole Championship Golf Course,
- Golf Clubhouse,
- Family Clubhouse,
- and a Scenic View of Boracay.
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Superior Suite 1
54 m2 |
Superior Suite 2
54 m2 |
Royal Suite
70
m2 |
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- Philippine Tourism Industry is currently experiencing tremendous growth.
By 2007, Asia is expected to capture 1/4 or quarter of global tourist. It
says that the highest growth in travel will be in the Asia Pacific Region,
where the Philippines is. A big chunk of these visitors is not the usual
backpackers and traditional tourists who would stay only for a few weeks or
months. They are businessmen and entrepreneurs who will be staying for
longer periods as they will put up businesses and establish networks as the
economy is getting liberalized. At the rate things are going, there is a
frenetic development to keep pace in the demand both in terms of rooms and
service standards and variety of holiday options offered. This happening in
countries like Malaysia, Indonesia, Thailand, Korea, Singapore and
Philippines.
- And as a unit owner, since you will not be spending your whole year in
Boracay, the Villatel will be operated as Hotel which gains you a PASSIVE
income from the operation while you are away. A worry-free
investment which the club will maintain and manage your unit which saves you
additional cost from care-taking and maintenance. (During the leaseback
period).
- Buyers will have complete ownership of their units with a Certificate of
Condominium Title (CCT)
- Each unit will be leased back to the Club for 15 years to be managed and
operated as a hotel
- Each unit owner is entitled to thirty (30) days per year personal use of
his unit for FREE
- Flexibility in usage of 30 days - 1 week out of 30 days can be used during
peak seasons
- The unit owner may sell his unit anytime
- 90% Unit Owner’s share from Net Income of hotel operations
- After 15 years, the unit owner will have the option to renew the lease for
an additional 15 years to the hotel operators or rent it out on his own
- Projected Return-on-Investment can be expected in as fast as 4-5 years
depending on the tourist traffic
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| Project ID |
: |
Balaihara Villatels |
| Type |
: |
Condominium Hotel (Condotel) |
| Description |
: |
9 Mid-Rise 3 Storey-Villatels |
| Location |
: |
Boracay Island, Aklan |
| Developer |
: |
MC Newcoast Villatel Corporation |
| Status |
: |
Pre-Selling (Buildings 4,5,6)
Target Completion:
July
2007 |
| Price Range |
: |
USD
98,000 - USD 138,000
PhP
4,900,000 - PhP 6,300,000 |
| Reservation |
: |
USD
2,000
PhP 100,000 |
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For inquiries about this property.
Click Here |
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| Cash
Financing |
-
10% Discount from the Total Contract Price payable in 7 to 30 days from
date of reservation
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| 0
Interest Financing |
-
50% Outright Down Payment 50% Balance payment payable in 12 months. 7%
Discount from the Total Contract Price. or
- 50% Outright Down Payment 50% Balance payment payable on the 12th
month. 5% Discount from the Total Contract Price or
- 30% Outright Down Payment 70% Balance payment payable in 12 months. 3%
Discount from the Total Contract Price
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| In-House
Financing |
- 30% Outright Down Payment 70% Balance payment payable in 36 months. 14%
interest per annum. 3% Discount from the Total Contract Price. or
- 30% Outright Down Payment 70% Balance payment payable in 60 months. 18%
interest per annum. 3% Discount from the Total Contract Price
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| Bank-Financing |
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30% Outright Down Payment. 70% Balance Payment payable in 5 years. (subject to bank approval).
Interest dependent on bank of choice.
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