KUCHING: Boracay, the Philippine’s most visited tourist destinations and one of Asia’s most popular, attracts millions of visitors every year.
Last year, almost 1.4 million tourists flocked to this acclaimed island voted the Best Beach in the World in 2015 by Malaysian Travel and Tour Operators Association.
Reports show that hotel accommodation experienced 90 per cent occupancy during peak season and at least 75 per cent during off-season.
The advent of ‘condotels’ has redefined the concept of both condominiums and hotels.
From the two words combined, it is a condominium project, which is operated as a hotel offering short-term rentals complete with a registration desk, cleaning service and other amenities.
The units are individually owned and automatically leased back to the developer, where they are then rented out like any other hotel room. Unlike condominiums, condotel owners don’t need to pay condo dues, maintenance fees and real property taxes. These factors make it an ideal investment option for foreign investors.
Created by renowned Filipino resort developers G2 Global, Canyon de Boracay Premiere is an upcoming condotel that will bring the convenience and luxury of the urban lifestyle.
Pioneering the mixed-use development in the premier beach island of the Philippines, Canyon de Boracay Premiere
sets the standards when it comes to condotels.
It is a 70,000-square foot property located at Station 1, the more upmarket end of ‘The White Beach’ and has 264 spacious units of all types and sizes from Junior Suites to Executive to suit all needs and budgets.
Touting convenience, Canyon de Boracay Premiere will include an air-conditioned supermarket located on the lower ground floor – a first in Boracay.
It will also have restaurants, multi-level bars, a gym and its own mall. Guests can cool down at the pool encircled by a green setting on the third floor.
Only 300 metres away from the fabulous white beach of Boracay, meandering down to enjoy the paradise of waves and tropical vibes will never be a hassle.
Canyon de Boracay Premiere is a guaranteed income-generating investment. All its investors will enjoy a regular 40 per cent of the annual rental income.
It is projected to be as much as 12 per cent per year return on their investment. Investors will also enjoy an annual 14-night complimentary stay in any of the Canyon Hotel and Resorts.
The developer will immediately grant investors legal title to their condotel unit after full payment has been made.
The project is having its Malaysian launch at The Imperial Hotel, Jalan Pos, in Miri this weekend – May 29 – from 4pm to 8pm and on May 30 and 31 from 11am to 7pm.
Boracay Wealth Creation talks will be held at 2pm and 5pm on Saturday and Sunday.
Low down payment and a free site inspection visit are just some of the bonuses on offer this weekend.
To reserve your seats or to find out more please call Paul at +6016- 642 7368.