1. VERDE ISLAND BUSINESS AND LEISURE
ESTATE INC.
CREATING ABUNDANCE IN REAL ESTATE MULTI-PURPOSE
COOPERATIVE
Unit 242 ABBA Bldg.5756 Kalayaan Avenue,Pinagkaisahan,Makati
city,Philippines
2. OVERVIEW OF THE PHILIPPINE REAL ESTATE
The Philippine Real Estate industry is in the grip of a frenetic swirl as
widespread construction transforms the capital Metro Manila into a burgeoning
world-class metropolis. The outlying provinces and major cities are likewise
developing into vibrant economic growth areas that complement the main engine
that is Metro Manila.
The industry is just now recovering from the effects of the 1997 Asian financial
crisis that brought the Philippine Real Estate sector into a long swoon. The
current property boom indicates that the industry has awakened from the
slumber and is now on a steady climb.At the recent news Real estate players are
rejoicing that the Philippines has achieved its first investment grade rating from
Fitch.
The promising outlook for the residential sector of the Philippine Real Estate
industry is fuelled by rising incomes due to the steady rise in the Philippine
economy for the past several years, as well as massive interest among overseas
Filipinos wanting to establish permanent or temporary residence in the country of
their birth or ancestry. The increasing number of expatriates in the country and
the increasing numbers of International migration and Increasing tourist arrivals
are likewise contribute to the demand for such residential facilities.
3. The similarly rosy outlook for the commercial/office sector of the Philippine Real
Estate industry is driven by the upsurge in the number of Business Process
Outsourcing (BPO) companies that are setting-up shop in the Philippines. The
employment and income boom generated by these companies in turn fuel a consumer
boom that has resulted in the take-up of more residential spaces.
These developments indicate that the Philippine Real Estate industry is now on a
growth trajectory that is expected to be sustained in the short to medium-term. The
Philippines is thus expected to emerge from this cycle as a country with bustling
metropolitan areas with ultra-modern skylines and picturesque housing estates.
These will in turn make the country a better and more conducive place to live and do
business in and thus will lay the foundations for future industry growth. The biggest
opportunity for growth in the property sector is the housing.At the end of 2010,it is
saddled with a backlog of 3.6 Million units, and as direct effect of population growth,
this number is projected to rise to 5.7Million by 2016.
4. THE PROPERTY FOR SALE
I.PARTICULARS OF THE PROPERTY
The property proposed for Residential Resort development is 100 hectares
and with the existing Verde Island Resort Facilities is 11.4 hectares of
beachfront.The property is located in an area where the land proposed is
generally for tourism, commercial and residential purpose.The 11.4 hectares
Verde Island resort has currently with buildings and development that
includes:
• Casa Maharlika with 32 rooms that needs repair
• Casa Condesa with 12 rooms that needs repair
• Main Restaurant/Bar and Main kitchen
• Function rooms
• Infinity pools
• Pool house
• Power house
• View deck / Activity area and Walkways
• Helipad
• Dive site
• Bamboo Plantation
5. II.PROPERTY LOCATION
Verde Island Resort is located at Sitio Subukin, Barangay San Antonio, Isla
Verde, Batangas City,Philippines.the location 1.5 hour drive from Manila
and 40 minutes boat ride from Batangas City.To date, there are no ultra high end
hotel resort and residential resort development in the whole Verde Island area.
The Land area suited for residential resort development, foremost wellness center
and medical tourism is more or less 100 hectares and is situated alongside the
Verde Island passage which is highly productive fishing ground for both
traditional and commercial fishers, and where coastal tourism and development
is booming. It is a major sea lane with commercial and fishing vessels regularly
passing through to reach the international ports of Batangas, Manila, and Subic
Bay.
The property is a portion of Verde Island and is situated along the bodies of
Verde Island Passage between the islands of Luzon and Mindoro,
Philippines.The eponymous Verde Island, located right in the center of the strait,
is one of the best diving places in the Philippines due to its pristine clear waters
and nice under water view. Daily trips for scuba divers are made from Puerto
Galera. A team of marine conservationist declared in 2006 that the Philippines is
the Center of Marine Biodiversity in the world and Verde Island Passages as the
"Center of the Center of Marine Shorefish Biodiversity".
12. THE PROJECT
I.CONCEPTUAL DEVELOPMENT
An exclusive masterplanned leisure development anchored on an
existing beach resort ,offering open lots,villas, condominiums and
condotel products and catering to the local middle and high end
market.Land Area of 110 hectares.
To be marketed as a world class top dive destination offering a
unique resort experience of exceptional quality catering to the
international dive and tourist market.Resort land area of 11.4
hectares.
16. THE OPPORTUNITY
I.MARKET AND INDUSTRY TREND
Verde island resort and Residential resort development product will be
attractive to a variety of different markets.The first market it will appeal to
is the local and International divers because of the low prices of
accommodation for a high end resort facilities,and its proximity and
accessibility to the Metropolitan manila, Ninoy Aquino International
Airport and Central Business Districts.It also will appeal to the nearby
business people,groups and company outing and or for a leisure business
meetings.It will also appeal to families because of the friendly and relaxed
atmosphere that accompanies the low prices.other than that, The
International tourist arrival in the Philippines are growing in large
number every year, combined with the local tourist are anticipated and
that this trend will continue. 2012 has recorded 4.27 Million foreign
tourist arrival up by 9.1% from previous year.
17. TOURIST ARRIVAL RECORD 2000-2012
0
500000
1000000
1500000
2000000
2500000
3000000
3500000
4000000
4500000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
TOURIST ARRIVAL
YEAR
Top source 2012 market of International tourist are Korea 24%, USA 15%, Japan
10%, China 6%, Australia 4%, Taiwan 5%, Hong Kong 3%, Singapore 3%. The
main purpose of visit are Holiday 55.79% , Visit Friends and Relatives 3.47%
, and Business 10.22%.
Source:Department of Tourism
18. PROFILE OF FOREIGN TRAVELER
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
TOP TOURIST SOURCE COUNTRY
Source: Department of Tourism
The recorded average length of stay is around 9.61 nights and spending daily an
average of US $92.99. Based on partial report from Department of Tourism the 2011
arrivals generated 5.1 million separate overnight visits to destinations in the
Philippines, of which 4.4 million arrivals stayed in commercial tourist
accommodation establishments. The top tourist destination in the Philippines in
2011 are National Capital Region,Laguna,Camarines
Sur,Cebu,Cavite, Zambales,Boracay Island,Batangas,Davao City,Baguio city,Puerto
Princesa city,Negros Occidental,Cagayan de Oro city and Pampanga with Batangas
having a growth rate of 76.48% next to Pampanga and Zambales.
20. Another major factor is the domestic tourism.Deparment
of Tourism reported that about 37.5 Million domestic travel
in 2012 which exceeds its domestic travel target for
2016.According to the survey conducted by Household survey
of domestic travel by National Statistics Office and
Department of tourism in 2009 ,the main purpose of
domestic travel is visiting friends and relatives
53.3%, pleasure and vacation 34.3% ,business 9.8%,attending
meetings,incentives,conventions and exhibition/events 2.8%
and others 10.1%.
International arrival to the Philippines increased by 6.5%
per annum between 2000 to 2011.Assuming the same rate of
development as in past 11years,the Philippines could expect to
achieve close to 5.4 Million arrivals out of 98 Million forecast
by United Nation World Tourism Organization for Southeast
Asia by 2016.
22. II.COMPETITION AND OPPORTUNITY
The Resort main competitions are the resort located in Puerto
Galera in Mindoro Province and is 20mins away by outrigger boat
ride from Verde Island Resort.The resorts which includes Mermaid
resort,Atlantis dive resort,Blue crystal beach resort ,White beach
resort,Dream wave hotel,Hollywood Palm beach,La Solana,Big
Apple dive resort,Apartel de Francesca,Villa Pamana,Buri resort
and spa and coral cove resort.
The area where this several resort are located have been describe
as the poor man’s Boracay which showed varied occupancy rate
between 50% to 70%.The majority of the room rates fall below
Php3,500 and the only High end resort which is considered as the
main competitor is the Buri resort and spa, but the resort has no
beachfront and at much higher room rate. Customers are usually
from Metro Manila, Batangas,Japanese and Koreans.
24. On other locations, the popular beach resort in Batangas province are in
Laiya,San Juan,Batangas.These are the Aquatico,Virgin resort,La Luz,Blue
Coral resort,Kabayan Hotel,Sabangan and Laiya White Beach Coral.Most
of this resort experience a good occupancy rate minimum of 70%
occupancy.Most of the resort rate fall below Php6,000/room.Only one
high-end resort which also exhibit a high occupancy rate.The main market
of the resorts are usually from Metro Manila:
Couples and Families,Groups and Company outings.
25. There are other resorts in Anilao,Mabini,Batangas.These are the El
Sumbrero resort,Crystal Blue Resort,Anilao Outtrigger resort,Pier
Uno,Vistamar,Anilao beach club,Leisure dive resort,Montecarlo and Vista
Mar Resort.All of the resorts are mid-priced room rates with no high end
development.Some of the resort supplements their performance by
catering to Korean students and mostly caters to divers.
26. The finding and assessment of the recent study are the
following:
No Ultra-high end development in the Area.
The strongest area for resort is in Laiya,San Juan, Batangas
followed by Puerto Galera Mindoro.
The Beach quality are still the key factor for resort
development.
Even resorts in Laiya with minimal amenities still exhibits a
strong occupancy rates.
High- end resort starts from Php6,000/room.
27. ACTUAL AND PROJECTED FOREIGN AND DOMESTIC TRAVELER IN BATANGAS
Source: Department of Tourism
28. According to the accommodation capacity survey conducted by
Department of Tourism,the number of establishment and rooms of the
province of Batangas as of July 2012 is 2,134 including expansion and on-
going construction.Based on data and projections on 2014 there will be a
lack of available rooms of 951 and by 2016 the numbers up to 3,794.
BATANGAS ROOMS OCCUPANCY AND PROJECTIONS
29. PRICES
Verde Island Resort : Php 370Million(more or less
USD 9.025Million)
100 hecatres land : Php 700Million (more or less USD
17.08 Million)
Property price is based on Cuervo Appraisers Valuation
on 2011
30. For Inquiries.
Contact us through:
Creating Abundance In Real Estate Multi-Purpose
Cooperative(CARENET Coop)
Email: joebelroa@gmail.com
Mobile: +63.917.913.5075