Roxaco Land upbeat on Anya project

MANILA, Philippines - Roxaco Land Corp. (Roxaco Land) has expressed optimism for its Anya Resort and Residences (Anya) project amidst robust real estate industry forecast.

Anya is Roxaco Land’s upscale high-yielding real estate investment project in Tagaytay City that combines a luxury residential condominium with a boutique hotel experience and a health and wellness resort element.

It has been reported that Asia Pacific investors consider the Philippines as one of the top real estate investment markets in the region, due to a fast-growing economy, the influx of outsourcing services from multinational companies and noticeable improvements in management and transparency in government.

Santiago R. Elizalde, Roxaco Land senior vice president, said, “We are energized by the strong forecast and global interest on the Philippine real estate industry. It validates the direction we have taken with our ventures, particularly with Anya that is envisioned to drive the “luxury and leisure” real estate investments sector.”

Roxaco Land, the property development arm of Roxas and Company Inc., has been firming up plans for Anya’s launch in the second quarter of 2014.

“Market trends are also very reassuring for the luxury residential condominium sector, where Anya is poised to be a major player. Anya’s uniqueness as an investment allows for high-yield earning and high-end living for its investors. And this is what makes Anya the investment of choice, all things considered,” Elizalde said.

In a commissioned study of the luxury and leisure property investment sector, it was revealed that luxury condominiums have been in demand due to the consistent appreciation in capital values over the years, proving to be an excellent investment option.

The study, conducted by a reputable international markets analysis group, shows that despite the slight slowdown in overall condominium sales in 2013, the luxury market sold almost 6,000 units and enjoyed a compounded annual growth of 80 percent in the last two years.

The survey noted that a market segment for larger-sized unit types catering to families, especially the expatriates and end-user markets, remain unserved thereby giving the sector a dynamic target market with tremendous spending power.

The research also cited a demand upswing for leisure and luxury weekend getaway formats, which include wellness and spa components wedged on the health and wellness industry’s expected increase at a 16 percent compounded annual rate over the next few years considering the country’s target increase of tourist arrivals to 10 million by 2016.

The study indicated, however, that there is a lack of upscale short-stay developments offering such a format combination that is an hour’s travel from Manila.

“Anya is positioned precisely to fill this gap, especially in weekend-tourist haven Tagaytay, where established accommodations are mostly three-star quality only. Anya is seen to lead the wellness resort and luxury hotel brand in the country, offering international grade amenities, impeccable dining experience and first-class wellness and spa services,” Elizalde stated.

He added that Anya’s hotel component allows its investors to earn through rental yields earning, while the Roxaco Land-created system assures return on investment.

“So far, market indicators are on the uptrend…all the more reason for us to be upbeat about Anya’s potential. We are currently focusing on the investment and project details to ensure the satisfaction of our investors and patrons alike,” Elizalde said.