PHILIPPINES CONDOMINIUM
FIL-ESTATE REALTY
SALES ASSOCIATION INC.
BALAIHAIRA NEWCOAST VILLATEL, Boracay
(Click on the thumbnail to view larger image) |
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Fairways & Bluewater is a private enclave set in the island paradise of Boracay. Access to this very exclusive Club can be had only through its unique proprietary club share which provides tremendous benefits and privileges to an owner.
Boracay is a favorite tourist destination with over 400,000 local and international visitors arriving each year. Found in the Northwestern tip of the Panay Island in the Philippines, it boasts of crystal-clear sapphire waters and powder white sands. Balaihara is located amidst the only golf course in the entire Boracay island. |
□ OVERVIEW
2 Room types:
Superior Deluxe (54.9 sq. m)
Royal Suites (70 sq. m.)
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View the Superior De Luxe |
View the Royal Suites |
□ MORE ON BALAIHAIRA
- 9 separate buildings
- 30 rooms per building
- Zen-inspired design
BALAIHARA UNITS - cluster of villas overlooking hole #1 of the golf course
- 30 units per villa
Price/ sq.m.: P115,000.00/ sq.m.
Superior Suite: 54.9 sq.m. - P 6,313,500.00
Royal Suite: 70 sq.m. - P8,050,000.00
1. Cash - 10% discount on TCP within 7 to 30 days
2. 50% outright down - 10% discount on the down payment
- Buyers will have complete ownership of their units with a Certificate of Condominium Title (CCT)
- Each unit will be leased back to the Club for 15 years to be managed and operated as a hotel
- Each unit owner is entitled to thirty (30) days per year personal use of his unit for FREE
- Flexibility in usage of 30 days - 1 week out of 30 days can be used during peak seasons
- The unit owner may sell his unit anytime
- Worry-free maintenance during the leaseback period
- 90% Unit Owner’s share from Net Income of hotel operations
- After 15 years, the unit owner will have the option to renew the lease for an additional 15 years to the hotel operators or rent it out on his own
- Projected Return-on-Investment can be expected in as fast as 4-5 years depending on the tourist traffic
| Room type: Superior De Luxe Units |
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| Unit Cost |
PHP 4,950,000.00 |
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| Projected Occupancy Rate |
80% |
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| Dollar to Peso Exchange rate: $1 = |
48.00 |
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| Number of Days in a Year |
365 |
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| Less 30 Days FREE for unit owner's use |
30 |
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| Net number of days to rent out the unit |
335 |
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| Number of room nights to be rented out |
268 |
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Pesos |
Dollars |
| Average Rate per night |
5,400.00 |
112.50 |
| Annual Total Revenue per Unit |
1,447,200.00 |
30,150.00 |
| Less 50% estimated hotel operating cost |
723,600.00 |
15,075.00 |
| Gross income of hotel operator |
723,600.00 |
15,075.00 |
| Less 10% Management Fee |
72,360.00 |
1,507.50 |
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0.00 |
| Projected Net Income/Unit per annum |
PHP 651,240.00 |
PHP 13,567.50 |
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| Projected No. of years ROI |
7.60 |
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□ location
□ prices & discounts
| Building |
Scheduled Completion |
Superior Deluxe |
Royal Suites |
| 1 |
December 2006 |
23 |
0 |
| 2 |
To be announced |
Not yet for sale |
Not yet for sale |
| 3 |
To be announced |
Not yet for sale |
Not yet for sale |
| 4 |
December 2006 |
8 |
0 |
| 5 |
November 2006 |
4 |
0 |
| 6 |
December 2006 |
4 |
0 |
| 7 |
To be announced |
Not yet for sale |
Not yet for sale |
| 8 |
To be announced |
Not yet for sale |
Not yet for sale |
| 9 |
To be announced |
Not yet for sale |
Not yet for sale |
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Are you running out of room selections? Do you want to be notified ahead of everyone else when the next buildings are ready for sale? Join the Balaihaira Priority List Selection Program:
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What benefits do I receive by securing a Priority Listing Certificate (PLC)?
By securing a Priority Listing Certificate (PLC), you are able to participate in the Priority List Selection Event at Balaihara Newcoast Villatel, at Newcoast, Boracay before it is unveiled to the public. PLC Holders are also eligible to acquire a condominium unit/s, if made available, at the Priority List Selection Event, which includes the following benefits:
Priority Selection - Be among the first to select property from our brand new Condominium to be operated as hotel in Boracay, the premier resort destination in the country.
Special Priority List Selection Event Incentives - During the Priority List Selection Event, only PLC Holders will be offered special incentives, discounts, and a special purchase gift.
What is a PLC?
The Priority Listing Certificate (PLC) is a Certificate granted to a Preferred Applicant in order that he/she may participate in the Priority List Selection Event. The same will entitle the Holder to the incentives, discounts, and privileges that may be given by the developer, if and when it chooses to make available units in the condominium project.
How many PLC's are available and why is the timing of when I secure my PLC important?
There is a limit to the number of PLC Holders allowed to participate in the event because there is also a limited number of units that may be made available for release at the Priority List Selection Event. Not all PLC Holders will be able to select a unit/s and receive Priority List Selection Event incentives. This is why the timing of when your PLC is secured and your level of interest are so important.
Can I participate in the Priority List selection event without a PLC?
Only PLC Holders are able to participate in the Priority List Selection Event, and the Priority List Selection Event incentives are only available to PLC Holders on the day of the event.
How do I become a PLC Holder?
A PLC can be obtained only after you submit your Priority Listing Application with a refundable Priority List Inclusion Fee in the amount of (P100,000.00). This will be held in an escrow account and is refunded to you at the Priority List Selection Event any time at your request. The said fee will be applied as partial payment if you are able to select a unit/s that you want, should the units be made available. Whether you withdraw you application or opt out not to select a unit/s, if made available, the Priority List Inclusion Fee is 100% refundable (without interest).
Should I choose to acquire the unit/s, if made available, how many unit/s can I select with my PLC?
Should you choose to select and acquire a unit/s, if made available at the Priority List Selection Event, each PLC Holder will be allowed to acquire a maximum of two (2) units. Units must be acquired in the name that appears on the PLC.
Do I have to be at the Priority List Selection Event to acquire a unit?
If you cannot attend the Priority List Selection Event but would like to select a unit/s, you will be able to do so only after those who are physically present in the event shall have been able to select a unit/s that may be made available, and only if there will still be units that have not been selected. |
□ sample computation
Sample computations:
1. Cash payment
Contract Price Discount Net Contract Price
Superior Suites P 6,313,500.00 P 631,350.00 P 3,682,150.00
Royal de Luxe 8,050,000.00 805,500.00 7,244,500.00
2. 50% Outright Down payment
Superior:
Contract Price 6,313,500.00
50% Down payment 3,156,750.00
Discount 315,675.00
Net Down payment 2,841,075.00
50% Balance 3,156,750.00
5 yrs. 75,099.08
7 yrs. 60,925.28
10 yrs. 51,107.78
Royal de Luxe:
Contract Price 8,050,000.00
50% Down payment 4,025,000.00
Discount 402,500.00
Net Down payment 3,622,500.00
50% Balance 4,025,000.00
5 yrs. 99,754.75
7 yrs. 77,682.50
10 yrs. 65,164.75 |
| Balaihara Newcoast Villatel
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| U.S. Dollar:Peso Exchange Rate $1 = 48.00 |
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| Terms of Payment |
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| 1. Outright Cash or cash within 7 to 30 days: |
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| 10% discount on the Total Contract Price |
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Superior Deluxe |
in U.S. $ |
Royal Suites |
in U.S. $ |
| Contract Price |
4,950,000.00 |
$103,125.00 |
6,300,000.00 |
$131,250.00 |
| Discount |
495,000.00 |
$10,312.50 |
630,000.00 |
$13,125.00 |
| Net Contract Price |
4,455,000.00 |
$92,812.50 |
5,670,000.00 |
$118,125.00 |
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| 2. 50% outright down payment: 7% discount on the Total Contract Price |
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| Balance payable in 12 months at 0% interest per annum |
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Superior Deluxe |
in U.S. $ |
Royal Suites |
in U.S. $ |
| Contract Price |
4,950,000.00 |
$103,125.00 |
6,300,000.00 |
$131,250.00 |
| Discount |
346,500.00 |
$7,218.75 |
441,000.00 |
$9,187.50 |
| Net Contract Price |
4,603,500.00 |
$95,906.25 |
5,859,000.00 |
$122,062.50 |
| Required Down Payment |
2,301,750.00 |
$47,953.13 |
2,929,500.00 |
$61,031.25 |
| Monthly Amortization |
191,812.50 |
$3,996.09 |
244,125.00 |
$5,085.94 |
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| 3. 50% outright down payment: 5% discount on the Total Contract Price |
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| Balance payable in 12 months at 0% interest per annum |
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Superior Deluxe |
in U.S. $ |
Royal Suites |
in U.S. $ |
| Contract Price |
4,950,000.00 |
$103,125.00 |
6,300,000.00 |
$131,250.00 |
| Discount |
247,500.00 |
$5,156.25 |
315,000.00 |
$6,562.50 |
| Net Contract Price |
4,702,500.00 |
$97,968.75 |
5,985,000.00 |
$124,687.50 |
| Required Down Payment |
2,351,250.00 |
$48,984.38 |
2,992,500.00 |
$62,343.75 |
| Monthly Amortization |
195,937.50 |
$4,082.03 |
249,375.00 |
$5,195.31 |
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| 4. 30% outright down payment: 3% discount on the Total Contract Price |
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| Balance payable in 12 months at 0% interest per annum |
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Superior Deluxe |
in U.S. $ |
Royal Suites |
in U.S. $ |
| Contract Price |
4,950,000.00 |
$103,125.00 |
6,300,000.00 |
$131,250.00 |
| Discount |
148,500.00 |
$3,093.75 |
189,000.00 |
$3,937.50 |
| Net Contract Price |
4,801,500.00 |
$100,031.25 |
6,111,000.00 |
$127,312.50 |
| Required Down Payment |
1,440,450.00 |
$30,009.38 |
1,833,300.00 |
$38,193.75 |
| Monthly Amortization |
280,087.50 |
$5,835.16 |
356,475.00 |
$7,426.56 |
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| 5. 30% outright down payment: 3% discount on the Total Contract Price |
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| Balance payable in 36 months at 14% interest per annum |
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Superior Deluxe |
in U.S. $ |
Royal Suites |
in U.S. $ |
| Contract Price |
4,950,000.00 |
$103,125.00 |
6,300,000.00 |
$131,250.00 |
| Discount |
148,500.00 |
$3,093.75 |
189,000.00 |
$3,937.50 |
| Net Contract Price |
4,801,500.00 |
$100,031.25 |
6,111,000.00 |
$127,312.50 |
| Required Down Payment |
1,440,450.00 |
$30,009.38 |
1,833,300.00 |
$38,193.75 |
| Monthly Amortization |
114,880.69 |
$2,393.35 |
146,211.79 |
$3,046.08 |
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