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PHP 1,800,000

Panglao Apartments

  • This property has been sold
  • Transaction Type: SOLD
  • Property Address: Panglao Island, Bohol
  • Number of Units: 12
  • Floor Area: 60 sq meters

Property Description

12 spacious apartments that share a communal swimming pool, green strip and communal gathering/bbq area.

The apartments are well built apartments, 60 square meters inside area with 2 bedrooms, a bathroom with shower, living area and a kitchenette.  Our concept is; build affordable apartments that are durable and suitable for long and short term stay in a safe and neighbor friendly compound.

The location is a residential area 5 to 10 minutes stroll to the famous Panglao island, Alona Beach. Most of the lots in the particular area have been sold and at this very moment you can feel the energy ‘something is happening here’ in this suburb. The area is very popular at this moment and more development will enhance the whole suburb, think for example of street lighting and better roads etc.

The actual location makes the apartments interesting as a possible business venture (rent out to tourist) or just to buy as an investment because prices in the Alona area will soar as had been the trend that last 5 years. Alona beach is the most upcoming tourist destination in the Philippines and the latest news is that the federal government wants Bohol and thus Panglao (Alona) to become the new Bali of Asia! The future looks bright here.

The first 5 apartments (phase 1) cost 1,800,000 pesos, the second phase building will see a 20% price increase.

Panglao island has great beaches, great diving, more and more restaurants and bars to enjoy. Hospitals can be found in Tagbilaran town (20 minutes by car) as also the shopping malls (cinema) and all other kinds of shops. Tagbilaran town is being upgraded in rapid pace. Example there was another brand new hospital just opened up last month. I guess the growing number of ex-pats (investors) in the area are increasing more western demands and its being delivered.



This real estate property located at Panglao Island, Bohol is SOLD and was listed on ApartmentForSalePhilippines.com on October 25, 2011 for PHP 1,800,000.


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