31 July 2009

Minimum Returns Of 12.4% (Philippines Property Investment)

Principal International are delighted to announce the launch of our latest investment in the Philippines:

Continent Fairways Resort, Boracay Island, Philippines

Set on the stunning island of Boracay this superb development of just 56 suites will be situated on an established championship golf course. A comprehensive rental programme is offered with a guaranteed occupancy and room rate, which provides investors, after running costs have been deducted, with minimum net returns of 12.4% to 14.2%.

Investors are able to take advantage of the non status finance available on this project offered at 60% LTV.

The island is a recognised holiday destination both to the domestic market of the Philippines and also to the markets of Korea and Australia , in addition to growing numbers of visitors from areas such as the UK and other parts of the world.

There is the option of the personal use for the purchaser should they wish, with each owner and their dependants, enjoying corporate membership within the Fairways and Blue Water Resort & Country club, that allows full use of the golf course and the clubs amenities.

The Philippines have achieved a GDP growth of 11.6% in 2008 and denotes a seasonally adjusted GDP now in its 31st quarter of positive growth. The growth is expected to be maintained during 2009, with the first quarter 2009 showing a growth of 4.8% based on the same period as 2008*.

You can reserve for just £2000 or €3000 with a cash input required from only $44,014.16, this is a limited development of just 56 suites and we would recommend that clients call promptly to avoid disappointment.

For more information on this project click here.

* source National Statistical Cooodination Board www.nscb.gov.ph