Boracay Bay - Land Value Appreciation
Since Ayala-Land-Corp. in 1993/94 and Fil-Estate in 1995/96 has bought approximately 20% of the whole island surface, prices have tremendously accelerated. A steadily increasing demand is faced by a quickly diminishing availability of land. In a few years, land prices in Boracay will reach astronomical heights. Boracay Land Value 1986 to 2006
Since about 3 years, increasing construction activity has been noticed all over the island. Alta Vista de Boracay, Discovery Shores and Shangri-La Hotel Boracay, among others, elevated the status of Boracay to the next higher level. Instead of the laid-back nipa-huts of the 1970´s, giant condominium buildings, predominantly built by Koreans, are growing all over - raising the land prices to new levels. |
Facts
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