Buying your first ‘worry-free’ investment? Take it from Jennifer.

It was one of those chilly Saturday nights. The weather was perfect for a light, relaxing dinner. My husband asked me to cook sinigang na hipon. “Masarap humigop ng mainit na sabaw, hon. I’m sure our friends will like it too.”  I guess he’s right. And so I cooked siningang na hipon and caldereta while J.T. prepared Caesar salad, roasted chicken with potatoes and broccoli braised with garlic. I was busy preparing the dinner table when I got a Viber message from my friend, Cristina. She’s with her husband, Andy. It was past 6pm when Cristina and Andy arrived. They brought a dozen of homemade cupcakes. Sweet! After a couple of minutes, the doorbell rang. I asked J.T. to open the door. It was Sean. He’s the marketing manager from Megaworld International the one I spoke to during the project presentation in San Diego. I quickly introduced Sean to J.T. and we all returned back to the table after. Sean brought a bottle of Morgan Metallico Chardonnay. It’s one of the best fruit-flavored wines in California. I popped the wireless speaker, grabbed my phone and played some relaxing chill-out tracks on Spotify. (Thanks to my son who taught me how to use this music-streaming app. Haha.) It was a perfect dinner.

Sean, Cristina and even Andy assured me that this will be a worry-free investment. Why worry-free? Well, because the hotel operator will manage and operate our condotel unit. It will be managed by Prestige Hotels and Resorts, Inc. (PHRI) a subsidiary of Megaworld Corporation. Prestige will take care of the leasing, maintenance, improvement and even the refurbishment of the unit. The lease shall be for a period of 15 years and will be automatically renewed for another 15 years under the same terms and conditions stated in the initial agreement. The most exciting part is that we have the privilege to stay in the condotel for 30 room nights per year! A condotel as vacation house? Why not?!

“But what if our unit was not rented? Will we still earn from the hotel operations?” I asked Sean. The answer is yes! Sean explained to us that all condominium hotel unit owners are entitled to a share in the net room revenue whether his unit was rented or not. All unit owners will have a percentage share in the share of the pooled units. But c’mon, we don’t want to think about it. We’re pretty sure that the hotel occupancy rate in Boracay will be good enough. Besides, Boracay is attracting millions of tourists every year!

My husband and I agreed that Boracay Belmont Hotel was our best bet, even from the beginning. And they were right all along. Boracay Belmont Hotel from what I heard is a prestigious project development of Global-Estate Resorts, Inc., (GERI) a subsidiary of Megaworld Corporation. It is located in Boracay Newcoast, a 150-hectare township development of GERI in Boracay. It is Boracay’s first integrated, master-planned tourism estate. Because of its world-class fine, powdery sand and clear blue waters, not to mention the numerous international awards including the recent ‘Best Island in the World’ recognition, we have come to a unanimous decision. Finally! Boracay Belmont Hotel it is!

After some business talks, Sean asked me to fill up some forms. “This is it.” I told J.T. Sean handed me the Request for Reservation and Offer to Purchase form or RROP. I wrote my name as the primary buyer and my husband affixed his signature as the co-buyer. Then Sean asked me and my husband to complete the Buyer’s Information Sheet or BIS. It was quick. We gave Sean all the documents needed plus the required down payment. We were so satisfied that we ran out of questions to ask. Sean moved up from his chair and gave us a handshake “Finally, after months of pangungulit. Congratulations, Mr. and Mrs. Nakpil! We’re so glad that you chose Megaworld International to be your investment partner.” Cristina smiled at me and said, “You made the right decision, Jen.” Cristina is also a proud investor of Savoy Hotel Boracay, another prestigious condotel project of GERI in Boracay Newcoast.

We’re really excited about this new investment. I got to enjoy Boracay myself during my last trip to the Philippines and I want my family to experience the beauty of this island themselves. We may be far away from our beloved Philippines, but I know that Megaworld International will always put our best interest forward.

 

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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?”