NOW SELLING - BALAIHARA VILLATEL!
PROJECT PROFILE
PROJECT OVERVIEW
1) Where is the BALAIHARA Villatel located? The Balaihara is located at Newcoast, Boracay Island. This is where Fairways & Bluewater and the Mulligan's Golf Hotel are located as well.
2) Aren't Fairways & Bluewater and Newcoast Boracay one and the same? No, Fairways & Bluewater is at_Newcoast, Boracay and was the first project we developed during the 1990's. Fil-Estate Properties, Inc. has 120 hectares which they called Newcoast, Boracay and Fairways & Bluewater became their Flagship Project. This does not make the two, one and the same.
3) What are we actually selling? We are selling a fully furnished Condominium property at a very prime tourist destination that is covered by a Condominium Certificate of Title (CCT).
4) How does this work? First, one has to choose between the two types of units that we have (the 54.9 sq.m. which we call the SUPERIOR DE LUXE room or the 70 sq.m. which we call the PRESIDENTIAL SUITE) and buy the unit. He/she now becomes a Unit Owner. We now ask the Unit Owner to sign the Leaseback Agreement and this will allow MC Newcoast Resort Villatel Corp. to run the pool of units as a Hotel.
5) What is this Leaseback Agreement? The Leaseback Agreement is valid for 15 years from the time a unit owner fully pays the required down payment or upon start of Hotel Operations, whichever comes later. During the Leaseback period, the unit owner is entitled use of his/her unit or any equal unit in the Hotel pool for a total of 30 days per year. The rest of the year, we shall operate the said unit as part of the Hotel pool thereby earning them revenues year after year for the duration of the Leaseback Agreement. After the 15-year period, the unit owner may or may not renew the Leaseback Agreement and just take full control of his/her unit.
6) What if my unit is not rented out as much as the other rooms? Do I get smaller revenues? How do I compute my revenues as a unit owner? How often one's unit is used isn't the determining factor for computing one's earnings. We have a POOL of ROOMS and the TOTAL occupancy rate of these rooms will be the basis of revenue sharing. The Gross Revenues of the hotel operations minus the operating cost will give us the Net Revenue. From the net revenue, we shall deduct only 10% as management fee and the rest of it goes to the unit owners already after all taxes have been paid. (see Acknowledgment of Representations for details)
7) Can the unit owner sell/transfer his/her unit anytime? Yes, however, the transferee will be bound to honor and respect the Leaseback Agreement signed by the previous unit owner.
8) Since Fil-Estate owns Fairways & Bluewater, can unit owners of Balaihara play at the Golf Course for FREE? No, Fairways & Bluewater and Balaihara are two different projects. The golf course is OWNED by Fairways & Bluewater Resort Golf & Country Club. If a unit owner of Balaihara wishes to play golf, he/she has to be accompanied by a member of me Club and has to pay green fees.
9) When do unit owners start receiving their rental earnings? A unit owner starts getting revenues within six months upon start of hotel operations or upon payment of the required downpayment, whichever comes in later.
10) What is the timetable of completion? The timetable to finish the construction and turn over is one (1) year from the start of construction.
11) How many of the 267 units will be opened for sale and for how much? All will be for open for sale by phases.....Phase-1 for Building 4, 5 & 6. then Phase-2 for Building 1, 2 &3 and the last will be Phase-3 for Building 7, 8 & 9. NOTE: Todate, The price per square meter is already set at P 115,000 per sqm. So HURRY! before they all run-out and get sold-out.
12) What is the projected ROI for the unit owners? Based on the current occupancy rate of Boracay and current tourist arrivals on the island, an average of 17% per year return on investment is PROJECTED. This projection may also vary depending on the actual rates and occupancy of the hotel.
13) To whom shall I make my cheque payable in purchasing a unit at Balaihara? Make your cheque payable to MC NEWCOAST RESORT VILLATEL CORPORATION. For overseas Buyers, contact Spaceland Realty.
MORE ABOUT NEWCOAST BORACAY
... BORACAY FACTS 
... PRICELIST ... ACKNOWLEDGEMENT OF REPRESENTATION. ... Q&A ABOUT BALAIHARA VILLATEL. ... ROI PROJECTIONS AT BALAIHARA.INVEST TODAY!
And book a UNIT with Your One Minute Real Estate Broker.
... TO VIEW BALAIHARA VIDEO PRESENTATION.
... TO VIEW THE ACTUAL CONSTRUCTION PHOTOS OF THE CONDOTEL & BORACAY ISLAND TODAY.
Showcasing............."The Best, on what the Philippines Can Offer!"
mailto: spacelandrealty@yahoo.com
mobile: +63 919 602 3192
REB LIC No.: 410
mailto: spacelandrealty@yahoo.com
mobile: +63 919 602 3192
REB LIC No.: 410
Note: We also accept Corporate Buyers interested to invest & buy in One (1) of the Balaihara Buildings' - out of the Nine (9) buildings that will be put-up...........complete with 30-Fully Furnished Condotel Rooms. Book your investment soonest with Your One Minute Real Estate Broker before any price increase or before they all get SOLD-OUT. OWN A PIECE OF THIS PARADISE AS OWNERSHIP IS PERPETUAL (Lifetime) AND COVERED BY A CONDOMINIUM CERTIFICATE OF OWNERSHIP. Foreigners can legally OWN units in this Villa-Hotel...............THE BALAI HARA (Visayan word for House of the Queen)!
"Let your Money Grow While on Holiday."
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