Type: 0 bedroom Apartment

EDEN ON THE 8TH: GOLF COURSE CONDOS

One of the most prestigious projects on famous Boracay Island is now available
to offshore investors ‘for the first time’.

Location:

Boracay island is located 35 minutes by plane from Manila and is famous for its white powder sandy beach, voted the ‘the best beach in the world’ three times. The Fairways and BlueWaters golf course is a links course for private members and unit owners.

Boracay is considered the most sort after holiday destination in Asia and can only be accessed by boat from Caticlan and Kalibo International airports 10 minutes across the headway.

Summary:

Each building offers 34 FREEHOLD TITLE units over three floors.

Units are 34sqm or 39sqm fully furnished and are expected to be ready for guests from November 2008 on completion.

Each unit owner will enjoy 30 days free use of their unit including one week in peak season each year. Boracay enjoys 4 peak seasons a year. Each unit owner will receive all rights to play on the Fairways and BlueWaters members 18 hole golf course.

Fairways and BlueWaters is a Graham Marsh design course and as part of the expansion added value to owners property, FIL-ESTATE, (the course owners who are one of the top public listed property companies in the Philippines) is about to commence work on the following additional clubhouse and recreational facilities:

Second 1,000sqm pool on the beach with restaurants and shopping town centre.

Private direct boat access to a new docking station at the beachfront for residents and guests.

A new health and spa centre, 24-hour security and access to quality restaurant/ beach bar facilities located on the beach land in front of the project, which is controlled by the developer.

The Developers:

NihonPac Developments Inc is part of Nihon Pacific in Hong Kong which was founded 17 years ago. The developer has entered into a joint venture with Fil-Estate to complete and manage EDEN building on the course.

NihonPac’s founder is also directly involved and helped found Pacific Concord Properties Inc in Manila, which is building a 1,200 unit development in the heart of the city and a second project in Cebu with a total value of over USD 150million. Fil-Estate chose NihonPac as its partners because of its experience in Asia and the Philippines. Fil Estate is one of the largest developers in the Philippines

Investment and Income Management:

The project offers an offshore investor the chance to own a strong rental income property within an existing successful resort development on Boracay under a professional management company ensuring the units enjoy a healthy occupancy rate each month. Unit owners will be required to put their unit into the Rental Condotel program for 15 years and receive gross income from the pool. Projected income for the first year is expected to pay from approx. 8~10% net to the unit owner.

NB. All % projections are made without prejudice or guarantees

Boracay attracts over 650,000 visitors a year, which is expected to jump to over 1,000,000 by 2010.

Price: (Exchange Rate: Approx. Peso46.00: US$1.00).

34 units for sale:

34sqm: Peso 3,910,000/Approx.US$85,000/Approx.GBP47,000.

39sqm: Peso 4,485,000/ Approx.US$97,500/ Approx. GBP53,000

Easy Payment Plan:

USD2,000 on RESERVATION PAYMENT. 30 or 50% deposit.

1) 50% deposit and balance over 12 months in three instalment payments interest free.

OR

2) 30% deposit and 70% paid over 36 monthly payments at 14% p.a

Comments:
Units on Fairways enjoy security, privacy and an excellent cool sea breeze from the balconies. EDEN ground floor residents will have access to large garden terraces. All units also have large bathrooms with portal window from the shower and big balconies.



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