Aqua Boracay by yoo announces strong sales momentum after five months on market (Philippines)
32 Units Sold to Date as Phase 3 Developments Launch on Luxury Beachfront Property
The new 5-star residential property also garnered recognition for “Highly commended: Best Condo Development” from prestigious industry association |
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Aqua Boracay by yoo announces strong sales momentum after five months on market (Philippines)
32 Units Sold to Date as Phase 3 Developments Launch on Luxury Beachfront Property
The new 5-star residential property also garnered recognition for “Highly commended: Best Condo Development” from prestigious industry association |
Category: Asia Pacific - Philippines - Exclusive experiences
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This is a press release selected by our editorial committee and published online for free on 2013-10-07
Aqua Boracay Group today announced that Aqua Boracay by yoo, the five-star residential resort designed by yoo in the Philippines, has sold 32 luxury residential beachfront units after only five months on the market.
This coincides with the launch of Phase 3 of the development, located on Boracay’s stunning Bulabog Beach and featuring 144 one and two-bedroom luxury residences.
In honor of launch of Phase 3 of the development, Aqua Boracay by yoo will present an exclusive 10% reduction on the listing price of ten studio apartments. The offer will allow astute investors to purchase a well-appointed studio apartment for as little as USD $199,999.
“We are incredibly pleased to see how quickly buyers seeking a family retreat have embraced Aqua Boracay by yoo. It really is the most exciting design-led development in the Philippines and one of the countries strongest investment opportunities,” says Marco Biggiogero, chairman and co-founder of the Aqua Boracay Group. “Aqua Boracay by yoo has surpassed initial sales goals beginning with our sales launch events held in Singapore and Hong Kong in April of this year. We’ve seen a very positive response from buyers in these two markets and across several other countries in Asia and Europe.”
Developed by Aqua Boracay and operated by yoo Hotels, Aqua Boracay by yoo is ideally situated with beachfront access to the beautiful Bulabog beach, and within walking distance to White Beach and D’Mall, the island’s central shopping and commercial district. yoo Hotels are capitalizing on the island’s exceptional geographical location and setting new standards of excellence in design and service from the globally renowned house of yoo. The development recently garnered “Highly Commended: Best Condo Development (Resort)” recognition by the Philippines Property Awards. The prestigious award was given by a respected group of judges representing the development, hospitality and design industries in Philippines and South East Asia.
The Aqua Boracay by yoo apartments are open plan and feature floor-to-ceiling sliding glass doors, wrap around terraces, a color scheme of natural whites and earth tones, and furnishings by designer Vito Selma, a devotee of using locally-sourced Philippines’ wood to carve elegant geometric pieces. The units are selling from USD $220,000 to USD $1, 480,000.
“Of the 32 units sold, we’ve seen a combination of one and two-bedrooms being highly sought after. Some of our owners have even purchased multiple apartments not only due to the superior design but also due to the attractive rental yields and capital appreciation that Aqua Boracay by yoo will offer.”
Rental yields at Aqua Boracay by yoo are anticipated to range between 6 to 8%.Primarily geared toward Asian based clientele seeking an individualized luxury vacation home, the five-star amenity residences will also be available for vacation rental for short or long-term stays.
The property also includes a Club House & Lounge which provides a central location for guests to dine, relax and interact in design-focused yet tranquil setting. The open floor plans and layouts are designed to flow seamlessly to create a social and open space with a relaxed beach vibe. Earth-toned finishes were chosen to provide warmth and blend seamlessly with the natural environment.
Internationally recognized HZS Landscape Architects have designed lavish gardens with walking paths defining routes from the apartments to the two pools, beachside cabanas, a Beach Bar and the Club House.
The island of Boracay will also benefit from enhancements to Boracay Airport, allowing for direct international flights from destinations including Hong Kong and Singapore. This expansion is slated for completion in late 2015.
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