Overview
Details
Project Name
Aqua Boarcay (ultimate beachfront property, fully furnished, rental management)
project type
Condominium
Developer
Designer LUXURY BEACH HOME of 80M2+ available now, beautiful interior design & furniture pack by YOO (www.yoo.com) headed up by PHILIPPE STARCK
Tenure
N/A
Price
S$ 400,000 - S$ 400,000
PSF
N/A
Listed on
25 June 2018
Completion Year
2018
Size
865 sq.ft
Description
EXCEPTIONAL BEACHFRONT PROPERTY ON BORACAY ISLAND
*A last 1-bedroom unit has been put back on the market due to the buyer's inability to retain the unit
Aqua Boracay is an absolute beachfront property on the tropical island of Boracay in the Philippines.
Boracay is without any doubt one of South East Asia’s favourite holiday island destinations, a true piece of paradise with white powder sand, turquoise waters and incredible sunsets and a massive supply and demand shortage of luxury accommodation making it one of the region’s best yielding investment destinations.
This is a true 5-star resort and this 1-bedroom unit has been put back on the market due to the buyer's inability to retain the unit.
- These five star residences are beautifully appointed with truly stand out interior design and offer strong sustainable value.
- This oversized one bedroom unit is 80m2+ located on the second floor
- Set to deliver a sustainable RENTAL YIELD, managed as a resort. The yield is GUARANTEED at 5%. This is UNCAPPED and future yield should be higher. The owner can also opt to not renew the rental agreement (renewable every 5 years).
- Flexible and investor-friendly rental scheme, you can receive your rental income anywhere in the world
- Originally designed by a well reputated dream team: initially a collaboration with a world class design team YOO, originally spearheaded by Philippe Starck, Jade Jagger and Kelly Hoppen, and at a later stage handed over to a well reputated local development and management company in line with the opening scheduled for later this year (planned for the end of 2018 as of this writing).
- 100% bulletproof ownership for foreigners and you may buy in your own name with no restrictions
- Exceptional capital growth potential, Boracay airport has upgraded itself to international status in 2017 and already luxury accommodation is in high demand but very short supply, especially with the opening of the North-Asia/China markets among others.
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Unit Types
| Type | Floor Area (Start From) | PSF | Starting Price |
|---|---|---|---|
| 1-bedroom | From | - | SGD 400,000 |
Facilities & Amenities
Key Features
Facilities
Nearby Amenities
Key Features
- Absolute beachfront property in Boracay
- Ready for Q3/Q4 2018
- 5% RENTAL GUARANTEE, renewable every 5 years
- Your property can be fully managed
- Interior design & furniture pack by YOO (www.yoo.com) headed up by PHILIPPE STARCK
Facilities
- The rental programme at Aqua Boracay
- The optional rental programme at Aqua Boracay is designed to give owners the opportunity to maximise their return on their investment by renting out their properties when not in residence. You are guaranteed an uncapped net rental income return of at least 5% in years one and two. In addition, you are exempt from paying residents association fees for the 2-year initial guarantee period. In the years following, the income will be shared on a 60/40 basis with the 5-start resort style management company. When you participate in the rental scheme, you can rest assured that your property is fully maintained and managed.
- Construction Progress
- This fabulous 5-star resort facility is now planned to be completed by the end of 2018 (as of this writing).
- Owning at Aqua Boracay
- The legal ownership at Aqua is leasehold with a share of the freehold - as an owner you may buy in your own name without any restrictions at all under this structure and you get a perpetual or 'never ending' lease over the property (an individual certificate of title in your own name) and you also are given a share of the freehold - so effectively you become both the lessor and the lessee.
- The freehold is owned by the Residents Association, which in turn is owned by all the owners of properties in Aqua (you are gifted the shares on completion and handover along with all the other owners). The Residents Association is a duly incorporated Filipino company and so this entity is able to own the land outright. The lease is never ending and each time the lease term is due to expire it is automatically renewed - since the lessor is the Residents Association this process is completely protected in perpetuity.
Nearby Amenities
- - Absolute beachfront property in Boracay
- - Minutes by walk to D-Mall, pubs, restaurants, groceries, etc....