Alta Vista de Boracay

(Visit our Flickr page for more pictures of Alta Vista).

As mentioned in "A new breed of OFWs", we'll be talking about the investment opportunity that we came across in the business networking dinner last week that made us here at PinoyLobang really excited - Alta Vista de Boracay. Boracay is rated as one of the world's Top Ten Beaches by Yahoo.

experienced developer...
Alta Vista is a project by DMCI which has developed prestigious hotels and landmarks such as Shangri-La, The New Istana Palace (Brunei), Asian Hospital, CCP, Rockwell Condo, etc. So you can expect the same quality in this project.

residential vs. condotel unit...
You have the option of buying a Residential Unit or a Condotel Unit. If you plan to stay in Boracay for most of the year, get the Residential Unit and have the freedom to go and stay as you please. However, if you only plan to go there a few times each year, it would be more practical to buy a Condotel Unit which will be maintained and fully serviced by the hotel operator. All units are fully furnished.

leaseback program...
You can also enroll your Condotel Unit under what they call the Leaseback program. Under this program, your unit will be rented out to tourists and a percentage of the income will be paid out to you without any effort on your part. You don't have to book reservations for tourists, service the tourists or clean up the unit. The hotel operator will do these things for you. So you can continue to stay where you're based with your family and continue working and earning. And with the extra income from your Condotel unit, you can supplement your monthly amortization.

your own place in Boracay...
Itching to go to Boracay? You can still enjoy your Condotel unit as you are given 15 days free stay per year. So you can schedule that well deserved 2-week vacation, head to Boracay and just crash at your own place. Yup, no hassle booking a hotel room and waking up to a strange ceiling. Its a place to call your own, your own little slice of paradise. The nearest beach is Puka Shell Beach which is a lot less crowded than White Beach. This is the ideal place for serenity seekers who want to escape the stress of everyday working life much less working in a concrete jungle, to find time to be by yourself and soothe your senses by lying on the beach and watching the sunset or even the sunrise. But when you're ready for more activity, White Beach is only 5 minutes away via the Main Road.

let's talk numbers... projected return on investment...
But how much can you actually get from investing in this property?
Let's take for example you buy the studio type unit named as Panorama (interior is shown in above picture) and enrol it in the Leaseback program.
With a 60% occupancy rate @ PhP5,000.00 per night, it is projected that you can get as much as Php27,000.00 per month.
With 70% occupancy @ the same rate, you can get as much as PhP31,500.00 per month.
Since your monthly amortization remains fixed for the duration of your payment period, you will likely earn more as rental rates appreciate.

What is the likelihood of achieving 60% or 70% occupancy rate?
Boracay is an international tourist destination as such not only is it "selling" during the local summer season (March - April) but other times of the year as well.
Peak season (highest rate): Christmas, New Year, Chinese New Year and Holy Week
Semi-peak season (high rate): November to mid-June
Regular season (rates are 10-50% lower): July to October
There is approximately 500,000 foreign and local tourists in Boracay each year and only 5,000 rooms (from the 224 resorts on the island).
The hotel operator will aggressively promote Alta Vista to local and international markets (Europe, US, Middle East and other Asian countries).

PinoyLobang says:
Over-all, the best selling points for this investment are the location and the leaseback program as you can earn extra income without having to do an extra job i.e. Passive Income. The property is more private but still very much accessible. And this is in Boracay...
For a more comprehensive review, please go to the bottom of the post entitled 'Choosing a Real Estate Investment'.

If you are interested in this investment opportunity and want to know more, please don't hesitate. Leave us a comment with your email address or call us at +65 9863 7328. Or email us at pinoylobang@yahoo.com.