The luxury apartments for sale at Aqua Boracay by YOO offers tropical luxury living at its best
This luxury resort property development, Aqua Boracay by YOO, is located on Bulabog Beach on Boracay island in the Philippines. The new boutique project offers a total of 168 luxurious properties for sale including studios, apartments and one exceptional penthouse.
The properties for sale benefit from a beachfront setting and property owners will have full access to all of the resorts’ five-star facilities and amenities including two fabulous pools, clubhouse, casual brasserie, fine dining restaurant and also a destination spa with a state of the art fitness studio.
All of the properties for sale at Aqua Boracay are designed by UK based YOO Studio, founded by Philippe Starck and John Hitchcox while internationally renowned Filipino interior designer Vito Selma is responsible for the furnishing and the stylish interiors that perfectly complement the beachfront setting and the tropical climate.
A superb lifestyle investment
As an owner of a resort apartment or studio at Boracay Island, you can take advantage of the 5-star professional hotel management programme by YOO Hotels & Resorts and rent out your property while you are not using it yourself.
5-star accommodation is in great demand and Aqua Boracay by YOO is one of only two five-star resorts on Boracay Island and the only which enjoys a beachfront setting which represents a huge advantage. There is no need to take a minibus to get to the beach or to visit the islands best restaurants – instead all is within walking distance from Aqua Boracay.
50% non-status mortgages are available to all investors and with no penalties for early settlement in full or lump sum payments at any time.
Properties for sale at Aqua Boracay by YOO
The ultimate penthouse
The exceptional penthouse offers 680m² of luxury living and is clearly the best address in Boracay. The penthouse boasts a private pool and large terrace offering sweeping views of the ocean and the beach.
The grand and exclusive 2-bedroom penthouse is designed by the YOO Studio in London and the interiors, selected exclusively for the penthouse, are the signature pieces of international award-winning Filipino designer Vito Selma.
As owner of the penthouse apartment, you will experience true luxury reflected in every detail – whether it is the Bravat Jacuzzi and bath tub or the Egyptian-cotton pillows.
The 2-bedroom presidential residence
The 192m² 2-bedroom presidential residence boasts an absolute oceanfront location that will allow you to step out of this extraordinary property directly onto the white sand.
Every room is designed for seamless indoor/outdoor living with floor-to-ceiling glass doors and wrap-around terraces. There are spacious areas for for family living as well as for entertaining guests and the stunning beach and the ocean are just steps away.
The interiors are by the renowned Filipino furniture designer Vito Selma while the kitchen and cabinets are produced by the exclusive Italian brand Maior Cucine.
The 1-bedroom apartments
Referring to these spacious residences as 1-bedroom apartments does not do them justice. The luxury properties boast an oversized living space of up to 95m² and each residence is intelligently designed to give you freedom and flexibility.
Spacious open plan living and dining areas open out to generous wrap around terraces which are perfect for morning coffee, alfresco dining, an afternoon nap or a late drink. The tall floor to ceiling glass doors create a seamless border between indoor and outdoor living and ensure that the stunning ocean and resort views can be enjoyed even if you are inside.
Just as the penthouse apartment and the 2-bedroom residence, the 1-bedroom apartments are designed by YOO Studio, the design brand at YOO founded by Phillippe Starck & John Hitchcox. Also, just as the larger units, the apartments are furnished with internationally acclaimed Filipino designer Vito Selma’s world-renowned pieces while kitchens and cabinets are made by Maior Cucine, one of Italy’s most exclusive and upmarket brands.
The studio apartments
The large studio apartments at Aqua Boracay boast luxuriously chic living areas of around 50m². The floor to ceiling glass doors along with large balconies will allow you to fully enjoy the tropical lifestyle.
Designed by YOO Studio and furnished by the internationally well-know interior designer Vito Selma ensure cutting edge finishes and attention to detail. Each limited edition studio will be delivered entirely ready with everything from the wardrobes to the bed right down to the cushions and corkscrews.
The rental programme at Aqua Boracay
The optional rental programme at Aqua Boracay by YOO is designed to give owners the opportunity to maximise their return on their investment by renting out their properties when not in residence. You are guaranteed an uncapped net rental income return of at least 6% in years one and two. In addition, you are exempt from paying residents association fees for the 2-year initial guarantee period. In the years following, the income will be shared on a 60/40 basis with the management company, YOO Hotels & Resorts.
When you participate in the rental scheme, you can rest assured that your property is fully maintained and managed by YOO Hotels & Resorts.
The properties in the Pearl Building and the Coral Building are completed and in the finishing stages. The fabulous 5-star resort facilities will be completed in Q2 2016 along with the properties in Diamond and Ruby buildings. Emerald building will be completed in Q4 2016 and will join the YOO Hotels & Resorts inventory at this time.
Owning at Aqua Boracay
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.
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.