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THAILAND
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Philippines |
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World-class residential
resort on Batangas soil |
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Source: Inquirer |
Author: Tessa R. Salazar |
Date: 2000-08-08 |
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APART from boasting what it believes is the ''most elegant''
exclusive haven there is on Philippine soil_able to hold its own
''strongly'' against top European and American
resorts--Peninsula de Punta Fuego is a glimpse of the historic
scenery as it was believed as the battle site between the
Spanish galleon San Diego and the Dutch ship Mauritius.
Along with this rich history and with 12 beaches in the
peninsula's 6-kilometer coastline, Punta Fuego is now believed
to be one of the most sought-after havens for people who have
something substantial to invest.
Almost total sellout
Less than 40 lots are left unsold in the entire subdivision_an
almost total sellout by posh residential resorts' standards.
Developer Landco Pacific's president Alfred Xerez Burgos Jr.
said the Punta Fuego lots serve as the safest haven for
investment. This was proven by the people who patronize Punta
Fuego, but who have sold their lots due to their financial
setbacks, he added.
''These people have gotten good value for their lots,'' he
claimed.
Other than the good investment that Punta Fuego offers is the
trend that Punta Fuego's project director Patrick Villano sees:
There is a strong focus on the preservation if not enhancement
of the natural environment. This concern for the quality of the
environment is more pronounced in the seaside resort
community because such communities are mostly directly
affected by the pollution especially of sewage and solid waste,''
he stressed.
Villano cited the experience of Boracay whose ''pristine white
sand beaches have slowly decayed through irresponsible
disposal and management of wastes.''
The flame-shaped Peninsula de Punta Fuego in Nasugbu,
Batangas, juts out into the sea. This 88-hectare peninsula
surrounded by lush greens and trees--coconut groves, duhat,
mango and tamarind--is composed of a residential area of about
600 to 700 lots. This area is comprised of an upper beach club
and a lower beach club. It has a main club, a small golf club and
a 9-hole golf course. The North Marina, located at the mouth of
Maniba Creek, was inaugurated last July 29 and was able to
accommodate as much as 20- to 30-foot boats and other small
watercraft. The residential area also has a South Marina.
Another trend
Villano also sees another trend in modern residential resorts and
this is the introduction of upgraded amenities, facilities and
services.
''The modern resort residents want to become connected to the
outside world even as they enjoy the isolation and privacy of
their resort experience. That is why there is a very strong
demand for the most modern telecommunication facilities with
'converged' capabilities in voice, data (Internet) and video
(cable),'' he said.
Villano stressed that this is aside from the demand for
high-quality service in other related services such as food and
beverage, health and beauty, entertainment and recreation.
Untapped market
Xerez Burgos, on the other hand, believes that the market for
exclusive residential resorts is still largely untapped, even if this
market was a very limited one. He described it as the top three or
four percent of the whole real estate market spectrum: closest to
the triple A. He added that these are the kind of people who
want exclusivity and value for their money.
''We are supposed to have competitors but they have stopped
operating in the last two to three years because of the economic
downturn,'' said Xerez Burgos. Although he didn't mention the
competitors, he described them as major developers who have
slowed down on their residential beach developments. He said,
however, that these developers might resume operations.
At par with int'l standards
But with or without competitors, Punta Fuego seems to have
delivered everything it has promised. Xerez Burgos claimed that
Punta Fuego patrons have seen the results. He also added that
these well-traveled patrons appreciate Punta Fuego more, as
they see how closely it is at par with the international standards
for posh residential resorts.
''A lot of people who have gone abroad have told us that the
quality of Punta Fuego compares very strongly with the top
beach developments in Europe and the States. The quality is
practically the same, if not better,'' he stressed.
Xerez Burgos gives credit to what he believes his firm's
extensive market research study. ''You have to go through panel
interviews to find out what the market wants before you launch
it. If you are not sensitive to your market, you'll end up with a
lot of inventory that's unsold,'' he said.
Punta Fuego recently conducted the groundbreaking rites of its
main club and the inauguration of its North Marina and Golf
Club. Peninsula de Punta Fuego is an exclusive residential
beach resort community owned by Roxaco Land Corp. and
developed and managed by Landco Pacific Corp., a subsidiary
of Metro Pacific Corp.
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