It’s not really surprising that lots of development is happening in Boracay. The place speaks for itself.  Anyone who will come here will fall in love with the view, not to mention that Boracay has fresh air, fresh food and beautiful people.

Boracay is the number 1 tourist destination  in the Philippines.  For the year 2007, it has generated 700,000 tourists and forecasted to reach 1,000,000 tourists by 2010.  Having said this, prices of real estate in Boracay and hotel rates are increasing each year.  Today, the lowest price of an underdevelop lot in Boracay is around Php3,000 per square meter and Php60,000 per square meter at White Beach.

Many developers here build condo-hotes (condotel) and luxury apartments, which comes fully furnished. All of them are really fast selling.  With the increasing tourists in Boracay, owners of these condotel units and luxury apartments get return of investment by renting their units out when they are not in the island.  Rental rates could go between US$100 to US$250 per night depending on season and size of property.  Developers forecast return of investment within 5-7 years or less.

One best example of luxury apartment is Cohiba Villas with price range from Php8,400,000 (142 sqm, 2 bedrooms) to Php10,500,000 (142sqm, 2-bedroom apartment, with private access to roof deck).  Cohiba Villas offers fantastic view of the ocean, fully furnished and spacious living room, bedroom (master’s bedroom with jacuzzi), kitchen and veranda. 

 Infinity pool at Cohiba Villas

Ocean view from Cohiba Villas Phase 3

Living Room of Cohiba Villas