Ref: HS2358623

2 Bedroom Apartment in Philippines

2 Bedroom Apartment (Off Plan)

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USD $286,502  (approx. GBP £176,799)

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Principal International

Property Details

  • Property: Apartment (Off Plan)
  • Bedrooms: 2
  • Bathrooms: N/A
  • Receptions: N/A

2 Bedroom Apartment in Philippines

Features


  • Guaranteed Minimum Returns of 12%
  • 60% Non Status Finance
  • Suitable For SIPP Purchase
  • 5% Property Tax Paid By Developer
  • 40% Deposit Insurance Bonded
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 60%.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 finance is available on this project at 60% of the purchase price with a term of up to 15 yearsThe 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.

Location


Beach


Activities


Golf

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Disclaimer: Property Reference: HS2358623. This listing is a property advertisement. PropertyIndex.com does not control the content of the advertisement and makes no warranty as to the accuracy or completeness of the advertisement, or any associated or linked information. This property advertisement does not constitute property particulars. The information is maintained by Principal International. Please contact the owner, selling agent or developer directly to obtain any information.