Archive for February 5th, 2008

Real Estate is booming in Boracay

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In the locally distributed monthly paper called Philippine Wide Boracay, the December issue says “Real Estate in Boracay is Booming”.  I believe this is true because of the so many Condominium Hotel developments in the Island. I saw at least five such as The Crown Regency Boracay along the Main Road, which will boast of the largest swimming pool in Boracay and the biggest Convention Center; The Alta Vista De Boracay in Yapak which has at least 2 of the 18 clusters already operating; Alice in Wonderland along the white beach, 7 Stones also on a beach front on the other side of Boracay Island where kiteboarding is a hit, and Paradise Garden View which is located on a high part of Boracay which has overlooking the sea units.

 

Any real estate agent who will seriously market properties in Boracay can make a killing in a great opportunity. I say these because there are at least half a million tourists who visited the island last year (2007), and hitting 1 Million tourists by 2010.  Also, a lot of these tourists are Balikbayans who are very interested in investing and Tourists who fell with the island who wants to own a piece of Paradise.

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Products along Boracay beach walk

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Along the beach of Boracay, a lot of vendors are selling products from Souvenir Items like T-Shirts and shorts with Boracay print on it, leather Wrist bands, puka shell earings, necklaces and bracelets. I find seeing all these products normal, what is surprising is to see vendors selling designer and branded watches like Tag Heuer, Rolex, Technomarine watch…only these are not real ones, they call them Triple A quality watches, and priced at less than $100 each..

 

Some are actually buying even if those aren’t the real thing, apparently because one wouldn’t mind losing it if they get drunk and forget it in the bar or  resorts or lose it in the beach when swimming. 

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