Aqua Boracay by YOO is a beachfront development of beautifully designed apartments within a chic boutique resort that includes two refreshing guest pools, a clubhouse, casual dining brasserie, fine dining restaurant and also a destination spa and a state-of-the-art fitness studio. Aqua will be five star luxury, which is the exact type of accommodation in shortest supply but with the highest demand on Boracay. Location: Aqua is perfectly located nestled in the heart of the picturesque Bulabog Beach. Bulabog has long been a mecca for wealthy adventurers from all over the world who come to kite surf. The kite surfing season runs from the end of November to the middle of March and during this time Bulabog beach is at its busiest - with a lively atmosphere and plenty of events, investors can be sure to have close to 100% occupancy during these few months. For the rest of the year Bulabog beach enjoys calm waters and a more relaxing environment and so attracts the island's leisure seekers who prefer this side of the island as the other side (where White Beach is located) then tends to have the more breezy conditions. Accessibility: Currently Boracay airport (known as Caticlan) has many regular flights every day flights to and from Manila so international travellers can easily connect in Manila, however there is another airport which also services Boracay Island called Kalibo. There are direct international services from Kalibo to Singapore on SilkAir and Tiger Airways, seasonal flights from Hong Kong and daily charter flights from Korea, Taiwan and China. This increased ease of access to Boracay and is already having a significant effect on tourist arrival numbers. To get to Boracay from outside of Asia including Europe and America etc, there are direct flights per day to Manila, and from there the journey to Boracay is a short and very convenient 45 minute flight. The Aqua team of private butlers will then meet all guests from the plane at Boracay airport and accompany them on the 30 minute journey to the resort. The project to modernize the airport facilities and to extend the runway is already well underway and in early 2016 the airport is tipped to be ready to accept direct flights from all major Asian gateway cities - including Hong Kong, Singapore, Shanghai, Seoul and Tokyo. Ownership: The legal ownership at Aqua is "leasehold with a share of the freehold" - as an owner you may buy in your own name without any restrictions at all under this structure and you get a perpetual or 'never ending' lease over the property (an individual certificate of title in your own name) and you also are given a share of the freehold - so effectively you become both the lessor and the lessee. Lease Terms: The freehold is owned by the Residents Association, which in turn is owned by all the owners of properties in Aqua (you are gifted the shares on completion and handover along with all the other owners). The Residents Association is a duly incorporated Filipino company and so this entity is able to own the land outright. The lease is never ending and each time the lease term is due to expire it is automatically renewed - since the lessor is the Residents Association this process is completely protected in perpetuity. Guaranteed Yield: Guaranteed rental yield at 6% net for the first 2 years and the full rental income due thereafter - this remains payable on a quarterly basis so one may use this yield to offset some of the mortgage payments (the amount due to be applied to the mortgage account balance) Non-Status Mortgage Offer: Offers in-house finance across all properties at Aqua Boracay by YOO. This is what is known as vendor financing and as such is completely non-status. • Buyers can choose either 50% finance or 40% finance for a term of 5 years (or less) • There are no penalties at all for early payment in full at any time and you will not pay any forward interest on the capital that you repay early. There are also no penalties for making lump sum payments at any time either, provided the amount is over $20k USD for each lump sum payment. • The mortgage is repaid on monthly basis • You may sell the unit with the mortgage outstanding and upon completion of your sale the amount payable must be paid to the developer in order to transfer your unit to the new buyer