Roxaco Land Corp., the real estate development arm of Roxas and Co. Inc., aims to attract investors for its Tagaytay-based project as it launches a buy-and-let payment scheme.
In a statement, Roxaco said it is implementing a buy-and-let property scheme for its Anya Resorts and Residences project as part of its investors program to attract more buyers into the development.
Buy-to-let refers to the purchase of a property with the prime intention of renting it out.
Under the investment program, unit owners will be given a Certified Condominium Title as well as an equal number of stays at the development’s resort component.
Roxaco said while a certain residential unit is not being used by its owner, it will be part of its hotel inventory, which will allow the owner to have it rented out and earn income in the process.
“As the units are considered part of the hotel inventory, the revenue generated by the room rental is split 45-55, between the pool of unit owners and the hotel operator respectively,” Roxaco said.
It noted that the room revenues will be evenly given to the owner on a per square meter basis.
“Most buyers planning to acquire buy-to-let properties are turned off by two major considerations― the growing challenge of securing a tenant, and the time-consuming chore of managing the property. We address these two main concerns with our investment program,” said Roxaco CEO & President Santiago Elizalde.
Elizalde emphasized that unit owners will not have to worry about their units not being used, as the development’s professional management team will make sure that units are consistently occupied by resort guests.
Anya will be managed and marketed by Fuego Hotels and Properties Management Corporation, the firm that manages Club Punta Fuego, Terrazas de Punta Fuego, and other quality accommodations.
“As the industry becomes even more competitive, there is a stronger need to ensure that a solid marketing campaign strategy is formed in order to lure in a tenant to rent your property. Especially with property portals such as AirBNB and Lamudi, which make it easier to find a home or room to lease, there is a greater need to stand out. The marketing strategy for Anya Resort & Residences is focused and engaging enough to secure tenants all throughout the year,” Elizalde said.
The CEO noted that aside from income being generated from room rentals, unit owners can also avail of different investment options that will provide them guaranteed annual business yields of 6 percent and higher.
“Filipinos are now more eager in their quest for passive income streams. Through our investment program, we are providing buyers an opportunity to own a piece of Anya. With the purchase, they get a second home, and another source of income. It’s a win-win proposition,” Elizalde concluded.
The 7-hectare development is located along the Tagaytay-Calamba Road.
Late last year, the development was included in the Small Luxury Hotels of the World (SLH) listing, which is a group of luxury boutique hotels and resorts from around the globe.