(Editor’s Note: From time to time we give space to announcements from friends and fellow Pinoys. This is one of them. If you’re in the New York area on August 30, 2007, read on.)
Most of the surveys conducted in the United States showed that 60 to 65% of respondents especially baby boomers are looking into the future and opting to retire early. But they just don’t know how to pull it off. Anyone unfamiliar with the Philippines would not know where they can live in comparative luxury.
And while that is true, some baby boomers are not yet willing to give up the money, the power, and the prestige yet but would rather take the path of investing in some form of offshore real estate for financial security.
Ayala Land International Sales, Inc.(ALISI), a wholly owned subsidiary of AyalaLand, Inc. – the Philippines oldest, largest and most trusted developer in the Philippine real estate industry, and its accredited marketing and promotion agent, Pacific Asia Leisure together with ARGUS USA Ltd. will be launching the Real Estate Investment Tour- a joint presentation with BPI Express Remittance, at the Board Room, Philippine Center 556 5th Avenue, New York, New York 10036, on August 30, 2007 at 6:00 p.m.
Sponsored by the Department of Tourism, the Real Estate Investment Tour is a one-stop solution for expatriates, retirees and investors who are in the exploratory process of purchasing properties in the Philippines like the AyalaLand developments while on holiday. “This program would certainly be a confidence booster for someone looking at the Philippines not only as an investment opportunity but as a retirement haven,” said Emma Ruth Yulo, Tourism Director, New York.
For the price of USD199.00 per person (minimum of two) the tour package provides information services specifically tailored to each retiree’s or investor’s unique style and includes VIP meet and assist at immigration and custom, round-trip airport transfers to the hotel, two nights deluxe hotel accommodation, daily breakfast, one buffet lunch, property tour of choice, half-day city tour and a free hour consultation with an accredited real estate advisor, lawyer, banker and insurance broker including visa/residency. The amount of $199.00 is refundable upon purchase of property.
The Philippine economy is on the rebound. Reports showed that the country’s gross domestic product grew 6.9 percent in the first quarter of 2007, which is the highest in 17 years. Interest rates are at historic lows, making such condominium unit returns highly attractive. At present 364-day T-bills yield less than 3.82%, while interest rates on one-year time deposits are around 1.5% – 2% annually. A five-year time deposit returns only 5% per annum, and a 5-year T-bond earns 5.68%.
According to a survey just released by the Global Property Guide, the rental returns from letting residential condominiums in central areas of Metro Manila range from 8% to 15% yearly. Ruby Aquino, Pacific Asia Leisure’s president said “Now is the best time to buy Philippine properties. Timing your investment to the economic upswing makes all the difference.”
“If you are looking into buying real estate properties that will give you superior returns on your investment, consider the developer’s reputation,” advised Dinna Bayangos, president of ALISI. AyalaLand Inc. began in the mid 1900’s by developing vast marshlands into what is today, the Makati Central Business District. From shopping centers to office buildings, from 5-star hotels to industrial parks, and from subdivisions to high rise residential condominiums, all of Ayala Land’s products have been well received by the thousands of customers many of whom, in testament to their satisfaction, own multiple Ayala Land properties. Over the years it has gained significant experience in developing world class real estate developments with outstanding performance in quality, reliability, safety and on time delivery and has maintained a solid track record.
AyalaLand Inc. offers residential lots, gated communities to condominium living that fit everyone’s budget ranging from USD23,000 to USD600,000 with low 10% down payment and balance amortized through in-house or bank financing from Bank of Philippine Island.
Join us and and find out why AyalaLand developments are the best choice for overseas Filipinos. Explore how you can own a leisure or second home whether as a retirement retreat or an investment vehicle. Reserve a seat now! Seats are limited. You may RSVP at 212-661-3270 or email to email@example.com; BPI Express Remittance at 212-644-6700 ext. 18, email to firstname.lastname@example.org.; Argus at 917-607-0403, email to email@example.com. You may visit www.myphilippineproperties.com.
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