Balaihara, Boracay Island - project at a glance
Balaihara is a development of Zen inspired units set within the exclusive Bluewaters & Fairways Golf Course on the tropical island of Boracay
Bluewaters & Fairways is a Gary Player designed course and is the only golf course on Boracay. It spans the width of the island and as such boasts 2 fantastic beach backdrops
The developers are MC Newcoast Resort Villatel Corp chaired by George Yang - President of the franchise holder of McDonald’s in the Philippines (Golden Arches Development) and Jose Chung - head of MC Home Depot a successful construction materials company based in the Philippines www.mchomedepot.com/aboutus.htm
Pricing starts from £75,000 for a fully furnished unit of 54.9 sqm with relaxing golf course views, there is also private beach access for owners of a Balaihara unit
Rentals are managed by Swiss Belhotel International www.swiss-belhotel.com a leading name in hotel management providing global marketability
Rental yields are circa 12-18% and the occupancy rates are expected to be 70% minimum for off peak
** there is a shortage of this kind of lifestyle real estate on Boracay**
Tourism figures are on the rise, with growth from China, Taiwan, expats from SE Asia, Australia and expatriate Filipinos
Capital growth projections suggest 12 - 15% appreciation per annum
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