Arguably the Philippines’ most recognized vacation destination, Boracay is also gaining ground as a top place to invest on residential property
An idyllic destination, Boracay sits atop many travelers’ lists of preferred places to go, as the island can be likened to a one-stop shop where one can swim, snorkel, watch the sunset, go on a food trip, and party with other island goers until the sun rises.
Ranked in the top 20 of Condé Nast Traveler’s Best Islands in the World for the past two years, Boracay is also a constant presence in similar lists of prestigious publications like Travel + Leisure and tourism websites like TripAdvisor, which is truly indicative of how significant an attraction the island in Aklan is.
While the Philippines has many other islands, several of which are also considered among the best in the world, Boracay has begun standing out among the rest as it has also started to turn into a choice place to invest on a home.
Boracay Newcoast, a 150-hectare sustainably designed integrated urban township by Megaworld Corp. subsidiary Global Estate Resorts Inc. (GERI), is one of the key contributors to this increase in residential appeal.
Homes by Way of the Ocean
The dream of a living a life that is a seemingly permanent vacation is fast becoming a reality for Boracay home-seekers, as Boracay Newcoast has begun taking shape with the progress of its different sections.
While the completion of the Newcoast Drive and the establishment of the foundations of the Newcoast Hotel’s towers are notable developments for the exhilarating new community located at the northeastern part of the island, what has generated the most excitement has been the comprehensive advancement of the first phase of Oceanway Residences.
The first residential cluster in Boracay Newcoast, Oceanway Residences is a first-class beachside community set to give homeowners the privilege of experiencing the island from a new perspective. Four towers with six stories each, units will range from studios (up to 40.40 sqm), one-bedroom (up to 41.80 sqm), two-bedroom (up to 63.4 sqm), and three-bedroom (up to 126.80 sqm).
Each cluster is to include a vast swimming pool, as well as an outdoor lounge and viewing deck that give occupants views of surrounding the landscape and seascape like the Sibuyan Sea, the greenery of the Fairways & Bluewater Golf Course, and Boracay Island’s highest point, Mount Luho.
At the beginning of 2016, the façades of the first four towers have seen completion, with the interiors handily following along. The resulting anticipation from the progress being made is evident in the 50.85-percent increase in net income GERI has garnered in the first three months of this year, as the subsidiary earned Php209 million, a significant jump from the Php139 million earned the year before.
This article was sponsored by Global-Estate Resorts, Inc., a subsidiary of Megaworld Corp.
Global-Estate Resorts, Inc. (GERI) is a subsidiary of Megaworld Corp., one of the country’s largest real estate developers. GERI is the country’s biggest developer of integrated leisure and tourism townships, and its developments offer first-class facilities and amenities that cater to both domestic and foreign markets.
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