The Island of Boracay, a globally popular island known especially for its beautiful and famous beaches has had some difficult years with lockdowns, travel restrictions and curfews. The past three years has been financially challenging for the property and business owners, especially with the pandemic slowing down the tourism. With an effective and successful focus on vaccination of the local community, the Island is now more ready than ever to receive and give guests the unique island experience.
Signs of optimism and great opportunities are showing, and there is an increasing demand on real estate, such as beach front and non-beach front hotels, lots, and vacation houses.
On June 15, 2021 a memorandum by Environment Secretary Roy Cimatu directed the Department of Environment and Natural Resources (DENR) in the Western Visayas region ordered for lifting the suspension of the disposition of alienable and disposable public agricultural lands on the resort island in Malay town in Aklan province. This means titling for properties in Boracay is now possible soon!
After years of wait and uncertainty, the news of the Island resuming introduces them to new possibilities of financial growth. The new orders issued by Cimatu that no longer suspend the survey plans in the public land title applications have been welcomed by the business owners and residents in Boracay. On this relieving moment, Malay Councilor Nenette Aguirre-Graf, a Boracay resident, said that "Many of us are ecstatic. Some cannot believe that it has finally been lifted,". With the news of resuming work in the Island breaking out, the Island will be catching up on – as the hotels and resorts start reopening.
What's New in The business?
After a long pause of the resort and hotel owner's businesses in the Island of Boracay, the resumption has not only sparked new hope of financial growth for the business owner's but also promoted the introduction of new projects in the resort Island.
The Philippine President, Rodrigo Duterte, said that he had allowed the development of casinos on the Island. While this new addition will introduce new activities for the tourists on the Island, it is surely going to improve the Island's financial condition. With the doors being opened for casinos in the Islands, new doors will be opened for integrated resort projects, which in turn will create more businesses and more jobs in the island.
There has never been a better Time to Invest in the Island:
With the Island of Boracay opening its doors again, this beautiful and worldwide famous island will definitely be supported by various business sectors for its continued growth. With the new projects being introduced on the island and the tourism pace increasing gradually, there's no doubt that this is the ideal time to invest.
If you are an investor or looking for opportunities to grow financially, Boracay is an opportunity that should not be overlooked. Don’t miss out being part of the exclusive club of Hotel and Resort Owners in Boracay today!
It's your time now to make the most of the opportunity to step on this beautiful island and be a part of the growing business owners there!
Contact iMatch Realty for further details and real estate investment opportunities on the Island of Boracay today!