boracay

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boracay
NOW YOU CAN OWN A PIECE OF THIS TROPICAL PARADISE
ABOUT BORACAY
HOW TO GET THERE
FAIRWAYS AND BLUEWATER
THE RESIDENTIAL VILLAS
CONDOTEL BENEFITS
TOURISM INCOME POTENTIAL
THINGS TO DO IN BORACAY
NEWCOAST BORACAY
THE BEACH COVES
CONDOTEL CONCEPT
CONDOTEL PRICE TERMS
RETURNS ON INVESTMENT
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• LOCATION
• 2 kilometers off the northwestern tip of Panay
  Island in the Western Visayas region of the
  Philippines
• Roughly 200 kilometers (about an hour by plane)
  south of Metro Manila

• LAND AREA
• 10.32 square kilometers (seven kilometers long
  and less than one kilometer wide at its narrowest
  point)

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miles miles of crystalline waters
more than four kilometers of talcum powdery white
sand
one of the most beautiful tropical beach in the
world
the Philippines 1 Tourist Destination recognize
d as asias best stretch of white sand ranked
7 as Best Holiday Destination in Asia - Smart
Travel Asia (2007) -

• - CONDE NASTE Magazine -
• BMW Tropical Handbook -
• Yahoo Travel (2007) -

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DISCOVER THE SECRET PLEASURES YOU CAN ENJOY AT
BORACAY
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walk barefoot on the beach that never gets
scorching hot
frolic in the crystal clear waters
shop for south sea pearls or religious images
carved on driftwood
watch native sculptors build giant sand castles
shop at the D' Talipapa, D'Mall, or the new
Plazoleta
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bask in the sun
enjoy beach volleyball with your friends family
get secluded looking for puka shells at the Puka
Beach on the north coast
have a massage under the shade of a tall palm
tree or a wide beach umbrella
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try the banana boat ride
then hire a boat and go island-hopping
drop anchor at the Crocodile Island
visit the Crystal Cove and its caves
or check the thousands of bats at the Bat Cave
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otherwise leisurely sail on a rented paraw
the more adventurous love kite surfing
parasailing
or windsurfing
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Ati-Atihan Festival takes place each January in
Kalibo
Beach weddings are quickly becoming a fancy at
Boracay
Dragon boat races are usually held in April or
May
Test the hilly terrains on a mountain bike
explore the island on horseback
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Delight at the creative designs of native
handicrafts
Get amazed at the undersea corals at various
snorkeling dive sites
Party from dusk till dawn

Eat your heart out with the wide selection of
international cuisine including Italian, Spanish,
French, German, Indian, Japanese, Chinese as well
as local Filipino fare.
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Enjoy a leisurely round of golf at the FAIRWAYS
BLUEWATER resort golf course designed by Graham
Marsh.

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HOW TO GET TO BORACAY
PLANE IN VIA CATICLAN For smaller planes
(48-seater)
SOUTH EAST ASIAN AIRLINES (SEAIR)35 Minutes
Flight to BoracayNewest airplanes with one of
the lowest prices for Boracay flights.
5 10 MINUTES TO PORT VIA TRICYCLES
ASIAN SPIRIT AIRLINES1 hour flights to
BoracayFlights going to Caticlan daily
INTER-ISLAND AIRLINES 1 hour flight to Caticlan
BoracayOnly jet aircraft to Boracay
OR VIA KALIBO, AKLAN For bigger planes
(150-seater)
CEBU PACIFIC AIRLINES1 hour flights to Kalibo
Airport150 passenger jet aircraft
1 TO 1½ HOUR LAND TRIP TO CATICLAN PORT
PHILIPPINES AIRLINES1 hour flights to Kalibo
Airport150 passenger jet aircraft
AIR PHILIPPINES AIRLINES1 hour flights to Kalibo
Airport150 passenger jet aircraft
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FROM CATICLAN, ITS JUST A 15 TO 20 MINUTE BOAT
RIDE TO BORACAY
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TRAVEL CONVENIENCE AWAITS MEMBERS, UNIT OWNERS
AND GUESTS OF NEWCOAST, BORACAY
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Fully air conditioned shuttle service to pick you
up from the airport and take you to our WELCOME
CENTER in Caticlan
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The exclusive FAIRWAYS BLUEWATER WELCOME CENTER
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Play a round of billiards or pool .
Shop for souvenir items .
Have a drink at the mini-bar .
Watch cable television .
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Rest at the air-conditioned lounge .
Take a walk in the garden .
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Then head off to Boracay Island via our own
private jetty port
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FROM CATICLAN, ITS JUST A 15 TO 20 MINUTE BOAT
RIDE TO NEWCOAST, BORACAY
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Land at our east beach private jetty port called
The Gateway Arch
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Our colorful tram rides leisurely ferries you off
to any point within Newcoast, Boracay
Multicabs are also available to take you to any
point of the island outside Newcoast, Boracay
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NEWCOAST, BORACAY
THE MOST EXCLUSIVE AND ONLY GATED RESORT IN
BORACAY WITH THREE (3) PRIVATE BEACH COVES 128
HECTARES OF PRIME PROPERTY OR APPROXIMATELY 1/10
OF THE ISLAND A MASTERPLANNED RESORT LEISURE
COMMUNITY WITH SEVERAL COMPONENTS
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1ST COMPONENT
FAIRWAYS BLUEWATER RESORT GOLF COUNTRY
CLUB (THE FLAGSHIP PROJECT IN NEWCOAST, BORACAY)
18-HOLE RESORT GOLF COURSE DESIGNED BY GRAHAM
MARSH THE ONLY GOLF COURSE IN THE ISLAND OF
BORACAY WITH SCENIC OCEAN VIEWS MAN-MADE ROCK
WATER FEATURES CREATED BY LIVINGWATERS OF
U.S.A. (Designers of Blizzard Beach Disneyland)
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The MAIN CLUBHOUSE
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LOOKOUT POINT (The Family Clubhouse)
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AVANA SPA AT THE SOLITUDE BEACH (PARADISE
COVE) THE 1ST FLOATING SPA IN THE PHILIPPINES
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• MASSAGE TREATMENTS
• SIGNATURE MASSAGE
• HOT STONE THERAPHY
• GOLFERS REMEDY
• SWEDISH MASSAGE
• SHIATSU / ACUPRESSURE

• FOOT PLEASURES
• GOLFERS FOOT MASSAGE
• LUXURIOUS FOOT SPA
• SPA LUXURY MANICURE
• SPA LUXURY PEDICURE

• SPA PACKAGES
• ISLAND PRINCESS PACKAGE
• THE GOLFERS SPA PACKAGE
• COUPLES INTIMATE TREATMENT
• HAIR PAMPERING
• HAIR NOURISHING TREATMENT

• FACIAL CARE
• GOLFERS FACIAL EXPERIENCE
• REJUVINATING FACIAL MASSAGE

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2ND COMPONENT
THE PRIVATE BEACH COVES
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THE FIESTA COVE
THE 3RD COVE
65 MILLION 420-ROOM PALMERSTON 6-STAR HOTEL
COMPLEX FINE DINING BOUTIQUES SPORTS
FACILITIES POOL VILLAS
PLANNED LUXURY RESIDENTIAL COMPLEX
THE PARADISE COVE
HOTEL COMPLEX BEACH CLUB SWIMMING POOL SHOPPING
ARCADE WATER SPORTS FACILITIES
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3RD COMPONENT
THE RESIDENTIAL VILLAS
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MEMBERS LUXURY RESORT VILLAS
TIME SHARE
CONDOTELS
Villas on
CONDOTELS
the 9th
THE LODGINGS
THE LODGINGS
CONDOTELS
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THE LODGINGS
THE LODGINGS
INCOME PROPERTY UNITS IN BORACAYS MOST EXCLUSIVE
RESORT
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• A cluster of 7 Villas near the entrance of
  Fairways Bluewater
• 72 units per villa
• Initially 6 villas to be put up or a total 432
  units in all.
• Fil-Estate Urban will finance 2 villas while the
  other 4 will be financed by various joint venture
  partners
• Unit sizes range from 30, 32 and 35 sq.m.

• 4 Villas overlooking Hole 9 of the golf course
• 26 units for each villa
• Studio, 1BR and 2BR unit sizes range from 46, 48,
  50, 55, 60, 80 and 130 sq.m.
• Villa Ysabel is fully operational.
• Villa Sofia will be ready by March 2008
• Villa Maria Margarita ready by August 2008

• A cluster of 9 Villas overlooking Hole 1 of the
  golf course
• Each villa shall consist of 30 units
• Inner units are 54.9 sq.m. while corner units are
  70 sq.m.
• First 4 buildings are fully operational
• Individual CCTs will be ready by March 2008

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NEWCOAST, BORACAY SITE MAP
MAIN CLUBHOUSE
MULLIGANS GOLF HOTEL
LOOKOUT POINT
GATEWAY ARCH
MAIN ENTRANCE
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Villas on the 9th
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Villas on the 9th
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Villas on the 9th
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THE CONDOTEL CONCEPT

• Being sold are the most prime condominium units
  in Boracay. Buyers therefore, become co-owners
  of the interiors of the purchased unit, the
  common areas of the condominium and the lot where
  the building stands which is more or less 2,500
  square meters.
• Each unit will be covered by 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. The
  unit shall be part of the pool of rooms for
  rental and operated by Newport Creek Holidays,
  Inc.
• During the leaseback period, the unit owner
  maintains the option to sell his unit anytime
  provided the taker will abide, assume and
  continue with the leaseback agreement.
• 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.

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THE BENEFITS

• Secured Investment evidenced by a Condominium
  Certificate of Title
• Worry-free ownership during the leaseback period
• 30 Days of free and reserved 5-star
  accommodations
• Flexibility in usage of 30 days
• 1 week out of 30 days can be used during peak
  seasons
• Access to Club Membership privileges, i.e., free
  access to club facilities.
• 100 Unit Owners share of Net Income from hotel
  operations
• Quick Return-on-Investment (ROI) / Recurring
  Income
• High appreciation value of real estate property
  (average of 16 per annum during the past 5
  years)
• Global Marketability

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PRICE IS ONLY P115,000.00 per sq.m. (INCLUSIVE
OF FURNISHINGS)
46.00 SQ.M. P5,290,000.00 48.00
SQ.M. P5,520,000.00 50.00 SQ.M. P5,750,000.00 60
.00 SQ.M. P6,900,000.00 80.00 SQ.M. P9,200,000.00
130.00 SQ.M. P14,950,000.00
54.90 SQ.M. P6,313,500.00 70.00
SQ.M. P8,050,000.00
30.00 SQ.M. P3,450,000.00 32.00
SQ.M. P3,680,000.00 35.00 SQ.M. P4,025,000.00

• CASH SALE WITH 10 DISCOUNT ON THE CONTRACT VALUE
• 50 OUTRIGHT DOWNPAYMENT WITH 10 DISCOUNT ON THE
  DOWNPAYMENT. 50 BALANCE PAYABLE WITHIN 12
  MONTHLY AMORTIZATIONS, INTEREST-FREE
• FOR THE LODGINGS ONLY 30 DOWNPAYMENT PAYABLE
  WITHIN 18 MONTHS AT ZERO INTEREST. 70 BALANCE
  PAYABLE WITHIN 3 TO 5 YEARS AT 15 INTEREST PER
  ANNUM. OPTION P100,000 PER UNIT

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TOURISM INCOME POTENTIAL OF BORACAY
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BORACAY TOURISM ARRIVAL
547,305
555,084
600,000
499,457
428,761
500,000
400,000
254,694
300,000
222,900
188,332
200,000
100,000
0
2007
2001
2002
2003
2004
2005
2006
Tourism receipts as of November 2007 has reached
P10,062,326,737.00 with the foreign tourists
contributing P6,535,377,089 and the locals adding
P4,770,800,330.
as of November 2007 (data from the Provincial
Tourism Office )
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BORACAY UPDATES

• Hundreds of thousands of local and international
  tourists are flocking to Boracay every year.
• The plans for the conversion of Caticlan into an
  international airport are already with the
  National Economic Development Authority.
• Another international airport in Carabao Island
  (Just 15 minutes off the northern part of
  Boracay) will start construction this year
• KALIBO AIRPORT started accepting international
  chartered flights from overseas emanating from
  Korea and Taiwan
• Active marketing of the 14-Day Visa-Upon-Arrival
  Privilege to China and direct flights to KALIBO
  will increase rate of Chinese visitors to
  Boracay.
• The Department of Tourism projects that tourist
  arrivals in Boracay will reach 1 million by 2010.

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THE OPPORTUNITY
At present, there are only 227 resorts with about
3,122 rooms in the island (but only 1,670 are
accredited by the Department of
Tourism). Boracay Island is experiencing a
constant growing need for more comfortable
places for tourists and vacationing families to
stay at. THE RESULT Tourism is not maximized
due to the SHORTAGE OF ROOM ACCOMMODATIONS
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ROOM SHORTAGE as of 2007
600,000 visitors _at_ average stay of 3 nights
1,800,000 room nights
1,800,000 room nights divided by 295 days (80
annual occupancy rate) 6,101 rooms
If all rooms are double occupancy (6,101 / 2)
3,050 rooms
Number of DOT accredited rooms 1,670 rooms
Estimated Room Shortage at Present 1,380 rooms
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PROJECTED ROOM SHORTAGE FOR 2008
730,000 visitors _at_ average stay of 3 nights
2,190,000 room nights
2,190,000 room nights divided by 295 days (80
annual occupancy rate) 7,423 rooms
If all rooms are double occupancy (6,101 / 2)
3,711 rooms
Number of DOT accredited rooms 1670
500 (assuming 500 can be completed within the
year) 2,170 rooms
Estimated Room Shortage for 2008 1,541 rooms
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To address the problem, additional rooms are
currently being added or are nearing completion
SHANGRI-LA GROUP DISCOVERY SHORES BORACAY
REGENCY BORACAY MANDARIN REAL MARIZ BORACAY
TROPICS
200 ROOMS 60 ROOMS 80 ROOMS 48 ROOMS 80 ROOMS 50
ROOMS __________ 518 ROOMS
NOTE A 6-MONTH MORATORIUM ON ISSUANCE OF
DEVELOPMENT PERMITS IS BEING IMPLEMENTED AT
BORACAY
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PROJECTED ROOM SHORTAGE BY 2010
1,000,000 visitors _at_ average stay of 3 nights
3,000,000 room nights
3,000,000 room nights divided by 295 days (80
annual occupancy rate) 10,169 rooms
If all rooms are double occupancy (6,101 / 2)
5,084 rooms
Number of DOT accredited rooms 1670 1,500
3,170 rooms
Estimated Room Shortage by 2010 1,914 rooms
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CONSERVATIVE PROJECTED RETURNS ON INVESTMENT FOR
A LODGINGS UNIT (30.0 SQ.M. UNIT)
65 OCCUPANCY
PARTICULARS
DOLLAR
PESO
RATE
EQUIVALENT
NUMBER OF DAYS IN A YEAR
365
LESS 30 DAYS FREE FOR UNIT OWNER'S USE
-30
1.00 Php 40.00
NET NUMBER OF DAYS TO RENT OUT THE UNIT
335
OCCUPANCY RATE
65
NUMBER OF ROOM NIGHTS TO BE RENTED OUT
217
AVERAGE RENTAL RATE PER NIGHT

75.00
Php
3,000.00
ANNUAL GROSS TOTAL REVENUE PER UNIT

16,275.00
Php
651,000.00


LESS 10 HOTEL MANAGEMENT FEE

1,627.50
Php
65,100.00


GROSS INCOME OF HOTEL OPERATOR

14,647.50
Php
585,900.00
LESS 50 ALLOCATION FOR OPERATING EXPENSE

7,323.25
Php
292,950.00
NET INCOME FOR UNIT OWNER PER ANNUM

7,323.25
Php
292,950.00

• NOTE COST OF UNIT OF 3,450,000.00 / 292,950.00
  11.77 YEARS TO RECOVER INVESTMENT
• IF OCCUPANCY RATE IS FIXED AT 65 DURING THE
  15-YEAR LEASEBACK PERIOD
• IF RENTAL RATE IS FIXED AT 75 FOR 15 YEARS
  (WHICH IS HIGHLY UNLIKELY)
• EXCLUDING INCOME IF YOU SELL YOUR 30 DAY BENEFIT
  (2,250 OR PHP90,000 ANNUALLY)
• EXCLUDING THE VALUE APPRECIATION OF THE PROPERTY
  (AVERAGE OF 16 P.A. FOR LAST 5 YEARS)

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CONSERVATIVE PROJECTED RETURNS ON INVESTMENT FOR
A BALAIHARA SUPERIOR DE LUXE UNIT (54.9 SQ.M.
UNIT)
65 OCCUPANCY
PARTICULARS
DOLLAR
PESO
RATE
EQUIVALENT
NUMBER OF DAYS IN A YEAR
365
LESS 30 DAYS FREE FOR UNIT OWNER'S USE
-30
1.00 Php 40.00
NET NUMBER OF DAYS TO RENT OUT THE UNIT
335
OCCUPANCY RATE
65
NUMBER OF ROOM NIGHTS TO BE RENTED OUT
217
AVERAGE RENTAL RATE PER NIGHT

175.00
Php
7,000.00
ANNUAL GROSS TOTAL REVENUE PER UNIT

37,975.00
Php
1,519,000.00


LESS 10 HOTEL MANAGEMENT FEE

3,797.50
Php
151,900.00


GROSS INCOME OF HOTEL OPERATOR

34,177.50
Php
1,367,100.00
LESS 50 ALLOCATION FOR OPERATING EXPENSE

17,088.75
Php
683,550.00
NET INCOME FOR UNIT OWNER PER ANNUM

17,088.75
Php
683,550.00

• NOTE COST OF UNIT OF 6,313,500.00 / 683,550.00
  9.24 YEARS TO RECOVER INVESTMENT
• IF OCCUPANCY RATE IS FIXED AT 65 DURING THE
  15-YEAR LEASEBACK PERIOD
• IF RENTAL RATE IS FIXED AT 175 FOR 15 YEARS
  (WHICH IS HIGHLY UNLIKELY)
• EXCLUDING INCOME IF YOU SELL YOUR 30 DAY BENEFIT
  (5,250 OR PHP210,000 ANNUALLY)
• EXCLUDING THE VALUE APPRECIATION OF THE PROPERTY
  (AVERAGE OF 16 P.A. FOR LAST 5 YEARS)

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CONSERVATIVE PROJECTED RETURNS ON INVESTMENT FOR
A BALAIHARA ROYAL SUITE UNIT (70 SQ.M. UNIT)
65 OCCUPANCY
PARTICULARS
DOLLAR
PESO
RATE
EQUIVALENT
NUMBER OF DAYS IN A YEAR
365
LESS 30 DAYS FREE FOR UNIT OWNER'S USE
-30
1.00 Php 40.00
NET NUMBER OF DAYS TO RENT OUT THE UNIT
335
OCCUPANCY RATE
65
NUMBER OF ROOM NIGHTS TO BE RENTED OUT
217
AVERAGE RENTAL RATE PER NIGHT

225.00
Php
9,000.00
ANNUAL GROSS TOTAL REVENUE PER UNIT

48,825.00
Php
1,953,000.00


LESS 10 HOTEL MANAGEMENT FEE

4,882.50
Php
195,300.00


GROSS INCOME OF HOTEL OPERATOR

43,942.50
Php
1,757,700.00
LESS 50 ALLOCATION FOR OPERATING EXPENSE

21,971.25
Php
878,850.00
NET INCOME FOR UNIT OWNER PER ANNUM

21,971.25
Php
878,850.00

• NOTE COST OF UNIT OF 8,050,000.00 / P878,850.00
  9.15 YEARS TO RECOVER INVESTMENT
• IF OCCUPANCY RATE IS FIXED AT 65 DURING THE
  15-YEAR LEASEBACK PERIOD
• IF RENTAL RATE IS FIXED AT 225 FOR 15 YEARS
  (WHICH IS HIGHLY UNLIKELY)
• EXCLUDING INCOME IF YOU SELL YOUR 30 DAY BENEFIT
  (6,750 OR PHP270,000 ANNUALLY)
• EXCLUDING THE VALUE APPRECIATION OF THE PROPERTY
  (AVERAGE OF 16 P.A. FOR LAST 5 YEARS)

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boracay
NOW IS THE PERFECT TIME TO OWN A PIECE OF THIS
TROPICAL PARADISE
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