We have secured the exclusive mandate for the following piece of beach-front land in Boracay, The Philippines. The mandate is directly from the seller and there is no middleman. This land is suitable for investors looking to build a hotel for example. As you know Boracay is becoming a very popular tourist destination – the beach is as nice as those in Maldives (clear water and lots of corals). However there is currently no direct flights from Hong Kong but it will come soon in 2017, according to FlightGlobal.
- 91,784 sq.m. / ~9ha (based on Tax Declaration)
- 108,004 sq.m (Gross Land Area)
- 86,684 sq.m (Net Land Area)
Location: Sitio Tambisaan, Manoc-Manoc, Malay, Aklan, Boracay, The Philippines
Type of Ownership: Tax Declaration
Land Use Classification: Alienable and Disposable
Asking Price: PHP 1.76 Billion (PHP 16,500 per sq.m.)
Asking Price in HKD for reference: HKD 277M (~HKD242 p.s.f.)
Notes: Camang Ulan is one of the last large contiguous properties on the island (it represents 1% of the land mass, has its own beach etc).
The Property Details:
The property is located at Sitio Tambisaan, Brby. Manoc-Manoc, Municipality of Malay, Province of Aklan, Island of Boracay. The property has a 5-meter wide road-right-of way from the existing Barangay road. The property also has 175.87 meter beach front and is one of the remaining few properties with substantial land area for huge developments.
The terrain varies from the beachfront up to the portion of the property near the road right-of-way. Currently planted with various vegetation and has natural caves which makes the property special.
Notable Developments in the Area:
Among the notable developments and landmark in the area are as follows:
- Tambisaan Jetty Port
- Bulabog Beach
- Sky’s Beach House
- Under the Stars Luxury Apartment
- Monaco Suites de Boracay Hotel
- Lingganay Boracay Hotel Resort