Philippines/boracay new coast

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Question
Hi Bill,
I have appreciated your on-line insights and advise for years.
I would like to know what you and Lorna think about Phil-invest/
Megaworld/Global estate resorts/Tan in general and specifically the New Coast project.
How do you think this will effect the health of the island?
Do you think the people will prosper as a result of the supposed hospital and school and job opportunities etc?
What do you think of the investment potential of buying a condo or lot in the new coast development?
Thank you, Bryan

Answer
Bryan we have never bought a condo directly from a developer nor have we ever thought such would be a good investment. The development of Boracay as everything else is relative to other major beach tourist destinations. I the past 3 years we have taken trips to Palawan, Mindanao, Cebu,Malapascua, Bantayan, Siquijor Camiguin, Bohol, Panglao and Puerto Galera Mindoro to have a first hand look at other choices, beaches and how development had effected each. The way Boracay has developed and continues to develop remains the first and best choice compared to all the others.

We're nearly finished with a 4 floor building in Tulobhan 10 minutes walk to White Beach and will be advertising 3 of the units at P2.5M, P3M and P3.5M ( P35000 to P40,000/sqm ). We also have 3 pc of land for sale at P6500/sqm and P7800/sqm. The developers are selling land at P20,000+ /sqm and condo floor areas for P110,000 to P130,000 / sqm . Hope that helps you but don't take our advice as we do have private interests here; GO see for yourself and spend time in other countries in S.E. Asia to become even more aware of how such Boracay developers compare.

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Bill and Lorna Collings

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Feel FREE to ask us about traveling, living, relocating, retiring and investing in the Philippines. Guests from 93 countries, the latest being a female PHD from Uganda, make our place in Manila an incredible meeting place for world travelers who exchange travel stories. We understand both the joys and the hardships of living and traveling in the Philippines.

Experience

I arrived in the Philippines in January 1980 to travel for 2 months; I stayed 4 months before reluctantly leaving. I met my Filipina wife, Lorna. an incredible stellar, "one in a million" individual in 1983 in Seoul and we moved to the Philippines in 1986 and opened our 3BR house to world travelers on a budget. After welcoming thousands of guests from 93 nations our place has grown to 38 bedrooms in 5 townhouse units, 4 of which are attached but will never lose its "Home away from Home" atmosphere. Almost everyday at The Townhouse Hotel there's a party-like social scene with vibrant, almost magical energetic conversations between our guests who have the pleasure to meet each other and share their life's many experiences.Often three groups with conversations in different languages are going on at the same time. So we've been exposed to every kind of person from all over the world and shared their experiences. Since arriving back in the Philippines Nov 2011 from traveling for 8 months my wife and I have been busy buying land, building houses and expanding our Boracay beach front resort, Casa Camilla for 16 months. Hopefully we'll be finished by the end of 2013 with a total of 50 apartments, 44 units for yearly stays and the six units in our house to be saved for short term stays.

Publications
Suite101.com, eDreams.com, expertcentral.com who asked me to apply with allexperts.com

Education/Credentials
some college 2-1/2 years - no degree - I've been traveling since I was 18, almost 30 years.

Awards and Honors
Luckily, my wife and I have been semi-retired since we were 30 years old, almost 30 years.

Past/Present Clients
3000 to 4000 world travelers and guests on a budget pass through our guest house style Townhouse Hotel / Hostel each year since 1986 so we do get a lot of feedback and share a lot of experiences with people which we can then pass on to help others with their questions and problems

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