The Far East is seen as the fast rising star of International Property Investment and the Philippines is taking a lead in this dramatic advance.

The Resort Condominium Principle
The Oriental Terraces Spa & Resort is run on the Resort Condominium principle, all units can be let for a day, a week, or a month. Maid service, clothes cleaning and room service is available. We will let your units for you through on-site marketing, advertising, networking and an interactive promotional website. You will keep around 50% of the rate we receive for your room.

Our exclusive concept of combining an international standard resort with a world class health & beauty spa will ensure high room occupancy at premium rates.

Income Potential
Because of the medical tourism focus and the range of spa and cosmetic treatments available, a 12% annualized rental yield is fully expected for this property. We aim to achieve this and exceed it -- The Oriental Terraces Spa & Resort will be the best place to stay South of Hong Kong. Local taxes on income are relatively low and we can assist you in maximizing your income returns.

Capital Growth
Property prices have risen by an average annual rate in excess of 12% locally over the last five years. The booming Philippine economy, combined with the growing influx of foreign buyers and retirees means that this trend is likely to continue. The tax on Capital Gain is very modest and we can assist you to maximize your return on assets.

Letting your property
Actually you do not have to do anything yourself because The Oriental Terraces Spa & Resort does it all. The spa and resort will be extensively promoted for international and domestic visitors, plus we will be confirming relationships with clinics and cosmetic treatment referral facilities abroad through whom we can provide a unique and exotic alternative for their more wealthy patients and those seeking discretion. As an owner you will have access to an interactive website through which you can see how the rental pool is benefiting you and so that you can make your own bookings for times when you may wish to vacation here.

The Health & Beauty Spa, Medi-Spa and Cosmetic Surgery Treatments Center, which capitalize on the growing local market and increasing international trend for medical tourism, will encourage long term room occupancy at premium rates.

Let us provide you with an example: click here.

Resort Condominium Investment Profile

A. International Perspective

The International mortgage crisis which hit property values and investments last year will have little effect in the Philippines – This is because traditionally, property investment is undertaken through personal financial resources without as much recourse to institutional lending as there is in the west – this makes the property and rented market here more robust and, despite the falling prices in the west, property prices  here are still rising, as are rental incomes – making the Philippines a much safer and more profitable place for your money than most other parts of the world.

How to invest

The luxury Apartments at the Oriental Terraces Spa and Resort may be bought as luxury retirements homes or as investments providing an excellent monthly income (perhaps for your pension?) together with the healthy increase in the value of your investments year on year.

In anticipation of retirement you could buy now and let it out for a few years until you are ready to come and live in it. This way you are buying at today’s prices and protecting yourself from inflation, prices will certainly rise, there have been two price increases since construction began.

As an investment, the income returns and capital growth are likely to be well above average for the following reasons:

• We are the only four (4) star quality resort between Angeles City in the South and Laoag in the North. There are an increasing number of balikbayans and foreigners returning to and visiting the region who now expect a much higher standard of accommodation and services than they can currently find, and are willing to pay for them. We are the only investment resort condominium offering this quality and we are filling a huge gap in accommodation provision in the Ilocos Region.

• Commercial air flights from Manila to our local Airport at Vigan are expected to start in 2008. This will provide better and quicker access to the resort, thereby encouraging a growth in tourism to the area in general. Extensions to the runway at Vigan airport are planned for this year in anticipation of the larger planes which will be needed very soon. In addition, the airport at San Fernando, La union just 1½  hour drive down, the road has been expanded and now offers a better and more frequent service to Manila.

• One of the unique and exciting features of the resort is the Cosmetic Surgery and Dentistry clinic we are building here. In partnership with an internationally known chain of clinics, we will offer high quality work at keen prices to attract foreigners and balikbayans. Medical and Cosmetics Surgery tourism is a boom industry in the Far East with the phenomenal growth (40% last year) and potential for development for many years to come. Packages will be arranged for clients to come here for their surgery and then stay in our apartments for recuperation – paying high dollar rates- for periods of between three days and three months – providing high rental income for our owner/investors.

• Also on site is top line health and beauty spa, offering detox, relaxation therapies and many non-invasive cosmetic improvement procedures. An ideal place for the rich and famous to “hide away” and be pampered-whilst receiving beneficial treatment at the same time. This will also help to fill the letting rooms at high dollar rates.   

The attached detailed spreadsheet illustrates the likely rental return with or without financing over the first five year period. You will see that it offers the potential of a much higher return than any property investment in Manila, Makati or Cebu.