BY PEACH ANGELES @PEACHANGELES
Vista Land & Lifescapes Inc. (PSE: VLL) recently announced its newest addition to the Vista Residences brand that will rise in the island of Boracay. The 2.2 billion Costa Vista Boracay project will be a mixed-use property that will house restaurants, commercial spaces, condominiums, hotels and resorts.
Read on for the five fast facts on Vista Land’s Costa Vista Boracay.
1. Costa Vista Boracay will be sit on the island’s northwestern tip
In an Oct. 6 press conference of Vista Land, the country’s leading homebuilder said the resort will rise on Punta Bunga beach on the northwestern tip of Boracay, Business Mirror reported. It will cover a 6.5-hectare of property that will have a direct access to the white sands of the beach.
2. Costa Vista will house commercial establishments and restaurants
According to Vista Residences President and Managing Director Elizabeth Kalaw, Costa Vista will have a commercial quarter of malls, stalls and shops that will offer souvenirs of the island. The resort will also have restaurants that will cater international cuisines prepared by professional chefs and cooks.
3. The mixed-use property will be complemented with hotels and condominiums
The resort will also have six residential towers, private villas, and a 250-room hotel with a viewing deck, pool and a convention center. Vista Residences added that its condominiums are especially designed to offer better privacy and accommodation. According to the company, its condo units, with balconies that open to breathtaking views, will house fewer units per floor than in most residential towers today.
4. It is strategically located near the tourist spots in Boracay
The resort, which will be hidden in a forest of palm trees and hills, will only be 15 minutes away from the three of Boracay’s popular beaches – Bulabog Beach, Puka Beach and White Beach. It will also be only a few minutes away from the island’s highest peak, Mount Luho.
5. It is seen to accommodate the growing number of tourists in the island
According to Vista Residences Sales and Marketing Manager and Residential Leasing Head Nova Noval, the number of foreign visitors to the country increases by over 30 percent annually, bringing in 2 million tourists in 2016. Vista Land Chairman Manuel Villar Jr. noted the building of the mixed-use property is seen to take advantage of the growing tourism in the island.
“We are taking advantage of the increasing number of tourist arrivals and the favorable macroeconomic condition of the Philippines,” Villar said in a statement adding that it will be attractive for both end-users and investors who are looking for either a home or a source of rental income.
At least 44,000 locals, including overseas Filipino workers, visit the island each year and the number is expected to increase as the expansion of the Caticlan Airport finishes and more tourists will have direct access to the province.