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Overseas Property News
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Philippines golf property resort launched
Country: Philippines
28 July 2009 A new golf apartment-hotel development, Continent Fairways, has been launched on the island of Boracay, a popular tourist destination and a popular place to buy property in Philippines. John Scott, finance director at Asset Property Brokers, the investment property specialist promoting the resort, said: “The beautiful island of Boracay is a major attraction for tourists. Combined with the appeal of a world-class golf course and facilities, this provides even more of a draw, resulting in high yields for investors.” Located within the grounds of the Championship Fairways and Bluewater golf course, the resort will offer 56 residential units, comprising studio and two-bedroom apartments, at prices starting at $110,035 (£66,550) and guaranteed yields of up to 14.2%. Each apartment will have high-quality luxury fittings with guests having access to many luxury facilities, including a fully-equipped fitness centre along with spa, in addition to this the resort boasts a clubhouse with bar and cocktail lounge and restaurant for lunches and evening meals. Unit owners will benefit from a free-stay period at their property. As corporate members, they are also able to enjoy use of the 18-hole par 72 golf course and the club facilities. Up to 50% developer financing is available on the purchase price.
Over the first quarter of 2009 tourist arrivals to the Philippines rose by an impressive 51% to 1.3m people compared to 858,244 during the same period last year, according to the Philippines Department of Tourism.
See Also: Apart-hotel, Golf, Marc Da-Silva, Overseas property investor news, Philippines
Some properties in Philippines
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Price: £52,000
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Type: New Home
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A limited release of just 30 hotel suites in this superb development within 20 mins of Cebu Airport offering guaranteed rentals that achieve annual yields of 15%. The project we are advised is government bonded and 60% non status finance available
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View details | Enquire further
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Price: £73,349
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Type: Apartment
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An excellent fully managed "turnkey" investment project situated on this highly regarded golf course, set on the stunning island of Boracay in the Philippines, offering minimum guaranteed returns of 12-14% with non status finance & optional personal
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View details | Enquire further
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Price: £110,940
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Type: New Home
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A superb development of 195 units conveniently located for international airports in a fast developing market that offer guaranteed rentals achieving annual % yields in excess of 20% the project we are advised is government bonded with finance at
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View details | Enquire further
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