Worry-free investment for Filipinos abroad

In the last weekend of November, my family and I traveled to San Diego to spend some time with our family friends.  On Saturday afternoon, Cristina, my friend invited me to join her on a “roadshow”. Since I have nothing else to do, I decided to go with her. We spent our afternoon at Megaworld International San Diego office. I learned that Megaworld International is the global marketing arm of Megaworld Corporation and subsidiaries. The Megaworld team was very accommodating and I was able to also meet fellow Filipinos from nearby cities. Out of curiosity, I asked some of the Filipinos there on why they attended the roadshow, mostly would say it’s for their investment while the others would like to earn extra income as a marketing network.

I was smiling during the presentation because the townships were very familiar to me; in fact I mostly stayed in Megaworld townships during my vacation in the Philippines. I am glad to be able to relate with their presentation, the photos and renderings were enjoyable but like what I said to Cristina, the real experience is the best. I agree that Megaworld Townships offer the life-work-play-learn lifestyle as reflected from the proximity of shops and stores in their residential and business areas. Though, I am familiar with some, I learned more about the on-going and upcoming projects in the Townships. I also learned about possible investment opportunities especially through the concept of Condotel which Megaworld offers as a worry-free investment. From what I understand, it works like time-sharing (like the membership with clubhouses in the US) but the difference is that you actually own the hotel room! And you earn through the hotel operations. This appealed to me during the presentation that I had to approach a marketing manager to explain it further to me. There were a lot of technicalities and conditions but overall, this is a perfect investment for Filipinos who lives abroad without the worry of looking for tenant with your property. The condotel will be managed by a Megaworld company and the owner is given 30-days free stay in the hotel but not necessary the specific condotel unit that the owner owns.

The options given to me were Savoy Hotel Mactan Newtown (Cebu), Kingsford Hotel (Entertainment City) and Belmont Hotel (Boracay). After the event, I went home bringing brochures and sample computation and payment terms for these three. I discussed this with my family and their feedback is very positive towards the Belmont Hotel in Boracay.  My husband said that it was perfect location for a vacation property every time we go home to the Philippines while my children said that since it is located in Boracay which is a top destination for Filipinos and foreigners, the condotel will surely have higher occupancy rate and in the long term, a higher ROI, too.

Until now, we are still deciding and checking other options for this investment. We all have to think about this especially that this is a long term commitment of payments and coordination. Nonetheless, I was able to talk to the Marketing Manager who helped me and we are going to schedule a one-by-one presentation with my family.

I hope that this investment will push through! Now, time to focus on the preparations in the coming holidays J

A Golden Girl’s Eat, Pray, Love Journey to Boracay

Retire in Miami, Florida?  No, thanks.  If given the choice, my husband and I will happily retire in one of the best beaches in the world – in Boracay. Especially now when the Philippine Retirement Authority is offering an unlimited SRRV Courtesy Visa for former Filipinos, for just a US$1,500 deposit!
This post will focus on 3 things: Eat. Pray. Love. In the book, author and heroine Elizabeth Gilbert went on a journey across Italy, India and Indonesia to find meaning in her life. I don’t have to journey across three countries to find happiness and fulfillment. It’s all here in Boracay, in my home country, the Philippines.

You might be asking why “swim” is not a part of the experience (it is, after all, a beach). My dears, my golden year only allows me to sit by the shoreline and let the waves lap at my feet. I can only admire the jet-skiers and paraw-sailers from afar. But I did ride an ATV – more on this later.

paraws
Paraws before the setting sun.

So I checked-in at the wonderful Fairways and Bluewater. I had a few days to myself since I arrived two days earlier than my cousins, who arrived on a weekend. They are avid golfers and they had the time of their lives at Fairways and Bluewater’s 18-hole golf course. But that’s not the only thing special about the resort hotel.  The hotel has large, clean rooms with comfortable beds.  Rooms had views and kitchenettes.  I was welcomed warmly by the professional staff who asked friendly questions when they learned I was a balikbayan. Was it the American twang that gave me away?

I just can’t help but admire this well-kept, quiet property in Boracay. Apart from the world-class golf course, it also has its own beach and the developer of the property, Megaworld’s Global Estate Resorts, Inc., is selling condotels, too! Remember when I stayed at Belmont Hotel in Newport City? Lo and behold, there’s Belmont Boracay! I really think this is a sign. I am being inspired to make an investment of a lifetime, in Belmont, Savoy or Chancellor, all pre-selling condotels, in adjacent Boracay Newcoast.

So let’s get into the “meat” of the matter, shall we?

Continue reading “A Golden Girl’s Eat, Pray, Love Journey to Boracay”

Where is Jennifer going?

I have been researching for my trip in the Philippines and just recently there was a viral video of DOT’s campaign “It’s More Fun in the Philippines” in London Waterloo station.  Were your able to watch it? If not, you can watch it here.

I got teary eyed watching this and I realized that I have been missing A LOT. The only thing I can remember from my younger years in Philippines was our little province of Pangasinan. Other than that, Palawan, Boracay, Davao and Cebu were just places I read on textbooks. I am happy how people of different races and culture appreciate the Philippines, well of course, who wouldn’t want to spend time in a paradise, right? I have been to almost every state of the United States and a couple of places in Canada and I am quite ashamed that it took me some time to go back to my homeland, but at least that won’t stop me from doing it whatever the circumstances are.

So after days and weeks of reading travel blogs, I finally mapped out my trip to the Philippines following the 15 Ways to have More Fun in the Philippines from DOT (I must say, DOT has been doing really good job in promoting our country! Their videos and events are really enticing. Kudos DOT!)

Keeping true to my blog name (he he) I decided to do a “backpacking” style of trip which has been pretty popular to young (and young at heart) travelers. I also decided to explore not just Luzon, but also Visayas and Mindanao.

Continue reading “Where is Jennifer going?”