All I have been doing to realize our dream to have a beachfront house in Palawan is to fantasize through internet real estate, forever checking the rates & gape at the paradise we could have if only I would move my ass to have that small nipa hut. So today, I continued to drool online & saw this ad, with my mouth wide open beyond belief:
For Sale: Boracay Island Villa for Sale, lot area 1,500sqm, floor area 500 sqm
Exclusive & quiet location on the north western tip of Boracay Island neighboring Shangrila Hotel & Spa with private access road to baranggay road. This two-storey island villa has 500 sqm total living space with 4 bedrooms, 2 study/office rooms, 1 guestroom, 4 bathrooms, large veranda with a magestic ocean view & profesionally manicured garden. Price: EURO 980,000*
That is 63.4Mphp & 1.3MUSD. That's a price of a very luxurious house here by the French Riviera. The thing is with the Philippine islands, although protected by law that only Filipinos can buy & own land, tourism investors will monopolize the real estate, shooting up the land value that Filipinos wouldn't even afford to buy in their own country anymore. Not only that they make a 10.32sqm island like Boracay into a light studded, concrete paradise, locals are uprooted, selling their land for a small change.
Tourism is one of the Philippine's biggest profits & while it is true that it provides employment to the locals, you can't help but notice more of the downside of a booming island, stripping off nature with lights & buildings, and real estate prices that go up to 980K€. Can they really now sell this much? Or maybe, 980K€ is an imense amount to me & to a lot of people, it's not a lot of money.
*check more of the ad's details here
For Sale: Boracay Island Villa for Sale, lot area 1,500sqm, floor area 500 sqm
Exclusive & quiet location on the north western tip of Boracay Island neighboring Shangrila Hotel & Spa with private access road to baranggay road. This two-storey island villa has 500 sqm total living space with 4 bedrooms, 2 study/office rooms, 1 guestroom, 4 bathrooms, large veranda with a magestic ocean view & profesionally manicured garden. Price: EURO 980,000*
That is 63.4Mphp & 1.3MUSD. That's a price of a very luxurious house here by the French Riviera. The thing is with the Philippine islands, although protected by law that only Filipinos can buy & own land, tourism investors will monopolize the real estate, shooting up the land value that Filipinos wouldn't even afford to buy in their own country anymore. Not only that they make a 10.32sqm island like Boracay into a light studded, concrete paradise, locals are uprooted, selling their land for a small change.
Tourism is one of the Philippine's biggest profits & while it is true that it provides employment to the locals, you can't help but notice more of the downside of a booming island, stripping off nature with lights & buildings, and real estate prices that go up to 980K€. Can they really now sell this much? Or maybe, 980K€ is an imense amount to me & to a lot of people, it's not a lot of money.
*check more of the ad's details here
