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Investing in our beachfront Philippines resort | Our top FAQs answered
November 19, 2018Article by Ray Withers
Now just weeks away from the formal opening of our latest resort investment – Portofino Oceans Edge, we thought we would share some of the key questions our clients are asking. Covering everything from how the returns are calculated through to foreign ownership regulations, these FAQs are essential reading for any client considering investing.
How does ownership work? Can foreigners own property in the Philippines?
Unlike many emerging markets the Philippines has a history of encouraging foreign investment through the gradual relaxation of rules governing foreign ownership. Since 1974 foreigners are entitled lease property including private land for up to 50 years, with an initial 25-year period renewable once for a further 25 years. This is the structure in place at Portofino Ocean’s Edge Resort.
Am I right in saying that I can use the resort myself. How does this work
Yes, this has been a key buying point for many investors to date. As an owner not only do you get to own a piece of paradise, but you also get to experience and use this resort and all its amenities yourself. For 14 days each year you are free to experience the crystal blue water, the resort spa and wellness centre, or adding a further layer of luxury to your trip – take advantage of the resort’s helipad and arrive in style with a helicopter service direct from Caticlan to the resort.
Are the yields realistic and how are the NET returns calculated?
Absolutely! Based on relatively conservative room rates and occupancy levels, that are far lower than local comparable resorts, yields are expected to be between 14.4% and 21.9%. So confident are the developers that they are underwriting the yield so you will obtain an assured minimum of 10% over the period whilst still benefiting from the upside when the resort performs.
If you’d like to know more about our beachfront Philippines resort, please call us on +44 207 993 8888 or email email@example.com