COOL WATERS ~ AQUA BORACAY BY YOO

WEB Boracay Sunset 002
WEB Aqua-Boracay-by-YOO-bedroom
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WEB Aqua-Boracay-by-YOO-Bathroom
WEB Aqua-Boracay-by-YOO-Terrace

Design and style combine at Boracay’s first branded resort

Within just a few months of YOO Hotels & Resorts announcing it would be the first to open a luxury resort residence on the island of Boracay in the Philippines, the first phase of the project sold out. Phase two was quick to follow and now that phase three has been announced, investors are moving quickly to ensure they get a piece of the action.

Fronted by 2.5 kilometers of tranquil, pristine beach and surrounded by 16,000 square meters of tropical rainforest, this project represents a new era of luxury accommodation on the island. The development is the vision of celebrated designer Philippe Starck and international property entrepreneur John Hitchcox, who together are at the helm of London-based YOO designs. The company has created and successfully launched 55 residential communities in 27 countries across the globe. ALFA Investors has been selected as the developer’s international marketing agent in Hong Kong and they have recently launched activities promoting the property. For investors, the opportunity presents a rare combination of sophisticated interiors with 5-star amenities, set within an exotic yet developing tourism market. Design is without a doubt the inherent feature within each of the 144 luxury 1- and 2-bedroom apartments and penthouses, and great care has been taken to create living spaces that offer both freedom and flexibility for every owner. Floor-to-ceiling sliding doors create a subtle transition between the open plan living and dining areas and the expansive wrap-around terrace offers sweeping views of the ocean. Inside, neutral tones are paired with light woods and contemporary furnishings that have become a signature of YOO projects. Each unit will also come with a host of top-of-the-range fixtures and fittings from globally lauded designers.

This phase will be fully managed and operated as a hotel by YOO Hotels and Resorts and the apartments will be rented out when not in use by the owner offering guaranteed rental returns. Residents and hotel guests will also have access to two large swimming pools, a spa, a health and yoga club, a water sports centre and two restaurants, one of which will serve up specialty cuisine while the other will feature flavours from the Philippines combined with international culinary influences.

Historically, Boracay hasn’t been the easiest place to access from key cities in Asia but that’s all about to change with the expansion of the island’s existing airport. By early 2016, Caticlan International Airport will receive direct flights from Hong Kong and Singapore, among other destinations, making the island easily accessible for a weekend getaway.

Investors contemplating Boracay should be encouraged by the fact that visitor numbers have increased year-on- year and the island has no obvious ‘low season’.With the addition of direct flights from Asia’s key cities, it’s almost certain that this trend will continue. Making the investment even more enticing, the developer will guarantee a 6% rental return over the first two years, thus lowering the risk of entering into a relatively new property market. Legally, ownership of a unit is a ‘leasehold with a share of the freehold’.This means that as an owner you may buy in your own name without any restrictions and you’ll receive a perpetual lease over the property.This bulletproof ownership for foreigners also makes the property very easy to sell either to a local or a foreign buyer. Coupled with the fact that Filipino law is highly protective of international owners, investors can rest in the knowledge that their investment is as safe as it is luxurious. R

Phase 3 is expected to sell out quickly so if this project looks interesting to you, be sure to contact member services at member@thereserve-asia.com . For enquiries or to be included in event invitations, contact ALFA Investors at info@alfainvestors.com or (852) 2110 8712 and identify yourself as a member of The Reserve. 

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16/F Chao's Building  |  143-145 Bonham Strand  |  Sheung Wan  |  Hong Kong
T: +852 33620 3157  |  F: +852 3753 1811  |  thereserve@infonation-asia.com  |  Data Policy  

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