Vacation Property in Boracay for Sale
Posted by resident
Did you know that BORACAY makes it again to YAHOO Travel’s TOP 10 World’s Best Beaches?
The island paradise welcomes over 400,000 local and foreign visitors each year from all over the world.
Only 5 minutes away from Caticlan Airport, you can own a Crown Regency Resort Boracay Condotel and have an opportunity to earn when you rent it out to tourists.
While you are enrolled in condotel operations, you get 45 days FREE stay (Transferrable, Valid for one year and is non-cumulative) or you can also choose to exchange it with 2,000 Interval International affiliated hotels and resorts PLUS you get 7-day FREE stay at Club Ultima or any Crown Regency operated hotels nationwide annually.
Amenities:
- Largest swimming pool in Boracay about 3,000 sqm
- Lobby / Concierge
- Viewing Deck
- Function Halls (for 1,000 pax)
- Bar Area
- Breakfast Lounge
- Coffee Shop
- Commercial Area
- Commercial Spaces for Concessionaires
- Scenic Elevator
- RoofDeck
Projected Net Income at
At 80% Occupancy Rate
320 days @ 80 occupancy = 256 days X US 100 / day = US 25,600
Deduct approx. 50 as anagement fee, taxes, incentive bonus = US 12,800 (PhP 620,800)
At 70% Occupancy Rate
320 days @ 70 occupancy = 224 days X US 100 / day = US 22,400
Deduct approx. 50 as anagement fee, taxes, incentive bonus = US 11,200 (PhP 543,200)
At 60% Occupancy Rate
320 days @ 60 occupancy = 192 days X US 100 / day = US 19,200
Deduct approx. 50 as anagement fee, taxes, incentive bonus = US 9,600 (PhP 465,600)
Contact us for more details.
House your blog contest. Free domain and hosting, plus 500EC!
Posted by resident
Need a home for your next blog site? Join our contest now and get a chance to win a free domain and web hosting to house your blog for one whole year, plus 500 Entrecard credits to promote the new site to the Entrecard community!
How to join?
- Blog about this contest (minimum of 30 words) and link it to our homepage with an anchor text of ‘Philippine real estate‘.
Here’s a sample post that you can use:
Are you looking for a new place to house your next blog site? The Philippine Real Estate blog has started a contest where you can win a free home for your next blog! Visit the resident at hanapbahay.com for an ocular inspection of the giveaway!
- Leave a comment here with the link of your post and a valid email address.
- That’s all you have to do to join! Easy, isn’t it?
The winner will be chosen using random.org, and will be announced on the 25th of February. Deadline of submission will be on the 24th.
Winner of this contest gets the following:
- Domain name of choice (.com, .net, .org, .info, .us)
- Web hosting for one year: 1000MB disk space; 20GB monthly bandwidth transfer
- 500 Entrecard credits
Good luck!
Special thanks to eHostAsia of Web Hosting Philippines for sponsoring the contest.
Refute when the condo size doesn’t compute
Posted by resident
If you recently bought a condo unit and it says in the contract that it has an area of 50 square meters but the title indicates an area of only 49 square meters, then you have been ’shortchanged’.
According to Mike Denava, legal officer of the Housing and Land Use Regulatory Board, discrepancies like this cannot be avoided. If condo buyers encounter this problem, the following steps should be considered:
- The unit owner may choose a refund of the excess payment or demand the developer to correct the size of the unit. If there’s no possibility to adjust the unit physically, then ask for the refund.
- The owner should also review the master deed of restrictions. This deed stipulated the rights and obligations of both parties—developer and buyer—such as what belongs to the common area or up to what point belongs to the unit owner.
- If it turns out that the measurement is short, follow suggestion number 1. Denava explained that should a conflict arise between a developer choosing to refund the excess payment and a buyer demanding the unit be readjusted physically, the settlement of the case would take longer. ‘The HLURB, being the quasi-judicial agency, would have to decide on the issue,’ he said.
- The unit owner can file a complaint with the HLURB and the agency can conduct an ocular inspection upon the unit owner’s request. The HLURB’s authorized engineers (technical services unit) can then conduct actual measurements of the unit. Afterward, what is indicated in the title would be followed.
- The standard way of measuring the unit is to measure from one face of the wall up to the other face of the wall, according to Section 6 of the Condominium Act or Republic Act 4726. This is unless otherwise expressly declared on the master deed of restrictions, said engineer Octavio Canta, head of HLURB technical services.
- Can unit owners have an independent technical body measure the unit? Denava said the HLURB cannot assure owners that the findings of an independent body would be acceptable or conclusive for HLURB.
If you want to file a complaint or need further information, you may contact HLURB at 9273061