Overseas property investment specialists DSR added a new development on the Philippines island of Boracay Fri June 27 2008. The leading overseas agent decided on themove because of the islands massively rising tourism and rapidly growing popularity with international investors.
Boracay is without doubt one of the most promising property investment localities in the world. The gorgeous tropical island has something foreveryone, and everyone who goes can't wait to get back. Station 1 is the heaven of the fortunate in search of a peaceful, quiet and ultimately relaxing holiday. Station 1 is predominantly isolated and private individual accommodations, at premium prices. Station 2 is within easy range of the islands bars and night spots. And Station 3 is home to the cheapest accommodations on the island.
DSR's Boracay property is The Crown Regency Resort, located in station 2 and offering studio - 1 bedroom apartments, with prices starting from just £51,000. The properties can be leased back to the Crown Regency Resort as part of an income share agreement, for an expected 9% net rental yield based on a conservative estimate of 60% occupancy, and so is actually likely to be higher. The lease back program gives owners 45 days of free usage; the expected yield isbased on 60% occupancy of the remaining 320 days. The free-usage can berelinquished in return for an increased starting yield of 12%.
50% of your gross annual income share is taken by the hotel to cover maintenance, association dues, and to allow for any bonuses and incentives offered by the hotel in the course of the year. 50% may seem like a lot, but noone will achieve the kind of occupancy levels that the hotel will, and for thehigh charge owners get the benefit of a high yield; because the hotel is likely to get at least 60% occupancy, which then gives the aforementioned 12% net yield
Find out more about Philippines Property and buying property Philippines.
About DSR Asset Management Ltd
DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.
Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment.
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