SG New Boracay resort attracts keen interest
Property Here - Friday, April 12, 2013
By Shabnam Muzammil:
The first branded resort residence in Boracay Island is seeing strong interest from Asian buyers. Aqua Boracay, designed by yoo Studio, held an exclusive sales event in Singapore this week to tap on growing demand for Philippines properties.
Speaking exclusively to PropertyGuru, Marco Biggiogero, Chairman of Aqua Boracay Group, said: “We expect at least 50 percent of buyers to come from the Asian region. So far, we’ve got three to four investors from Singapore prior to even launching, and this is exciting as I haven’t had Singaporean interest in my other projects previously. My speculation is that there is increased interest in overseas property after the recent cooling measures.”
Aqua Boracay comprises 144 fully-furnished one- and two-bedroom luxury apartments and penthouses, which is being launched in three phases. Facilities include a yoo-designed clubhouse, fitness centre and day spa, convention centre, dining and shopping facilities, as well as two swimming pools.
Commenting on the project's key attractions, Biggiogero added: “You don’t just buy a home but a home that is going to be managed by a professional hotel group. So you’re going to have not only potential capital gains, but also very good rental returns. For the first two years we guarantee a rate of six percent for the first two years and that’s the minimum.”
Image: Interior of an apartment at Aqua Boracay in the Philippines
Shabnam Muzammil, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email firstname.lastname@example.org