Improved accessibility to paradise island of Boracay
The prestigious San Miguel Corporation, with a track record of investing in the finest global locations, is to purchase a majority share in the modernisation of Caticlan airport.
The gateway to the Philippines’ world-famous tourist hotspot of Boracay Island, Caticlan airport allows direct air access to the paradise island from Manila in under 35 minutes. The upgrade, consisting of a larger passenger terminal, runway extension to accommodate bigger aircraft, improvement of airport facilities and surrounding road network, is worth over £36 million and will enable greater passenger traffic and cheaper airfares as larger, more cost effective aircraft will be accommodated.
Steven Worboys, MD of Experience International which specialises in property in the Philippines, comments,
“The modernisation of Caticlan airport spells good news for property owners such as those at Continent Fairways on Boracay as increasing tourist arrivals will boost demand for quality accommodation and in turn rental incomes and property prices.”
The upgrade works are currently underway and are due to be fully completed within seven years.
For those interested in purchasing property in the Philippines then the Continent Fairways luxury resort development occupying a prime location on Boracay Island is worth consideration. This low risk, high return and hassle free investment comprises 56 luxury fully furnished hotel suites and apartments within the grounds of a championship par 72 golf course. Investment is from only £26,000 with net yields of 12.4% and 60% finance available.
For more information please contact Experience International on + 44 (0) 207 321 5858 or visit www.experience-international.com.