A new golf apartment-hotel development, Continent Fairways, has been launched on the island of Boracay, a popular tourist destination in the 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 units, comprising studio and two-bedroom apartments, at prices starting at $110,035 (£66,836) and guaranteed yields of up to 14.2 per cent.
Boracay white sand beaches
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/Jacuzzi, in addition to this the resort boasts a clubhouse with bar and cocktail lounge and restaurant for lunches and evening meals.
Continent Fairways golf development
For those looking for more adventurous excursions there is horseback riding on the beach, and various water sports. Long-term bookings from major travel companies have been secured by the management company which enable it to offer occupancy rates of 80 per cent, underpinning yields for investors. The development will be run by the Continent Group.
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 per cent developer financing is available on the purchase price.
Yahoo Travel’s Most Popular Beach
Just an hour’s flight time from Manila, Boracay has extensive powder white sand beaches, clear azure seas and shady palm trees that are perfect for relaxation. The island has also much to offer the active tourist, such as coral reef scuba diving and wind surfing, while the nightlife has something for everyone, from peaceful restaurants to vibrant bars and clubs. Boracay was ranked as the world’s number one beach destination in Yahoo Travel’s Most Popular Beach in 2007.
Over the first quarter of 2009 tourist arrivals to the Philippines rose by a staggering 51 percent to 1.3 million people compared to 858,244 during the same period last year, according to the Philippines Department of Tourism (PDoT).
Call: 01373 888112 for more information or go on line at www.assetpropertybrokers.com
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