As of July, 2024, the Reef Resort is not yet up and running, but the minimum cost to rent a room for a night will be between 2,500 PHP and 5,000PHP. Depending on the Occupancy Rates, we can assume a certain return based on the cost to build the Glamphouse. In the example calculations below, we are assuming the operational and maintenance costs will total 25% of incoming revenue, which is a generally accurate estimation. In addition to this cost, if a room is being rented out by Resort Management, an additional 8% fee will be incurred on profits only.
Construction Cost: ₱921,600
Daily Rental Rate:
(100% Occupancy):
₱2,500 x 365 = ₱912,500 Annual Revenue
(50% Occupancy):
₱2,500 x 182.5 = ₱456,250
100% Occupancy:Annual Revenue: ₱912,500
Expenses (25%): ₱912,500 x 0.25 = ₱228,125
Net Revenue: ₱912,500– ₱228,125 = ₱684,375
Management Fee (8%): ₱684,375 x 0.08 = ₱54,750
Final Income: ₱684,375– ₱54,750 = ₱629, 625 Annual Percentage Yield (APY): (₱629,625 / ₱921,600) x 100% ≈ 68%
50% Occupancy:Annual Revenue: ₱456,250
Expenses (25%): ₱456,250x 0.25 = ₱114,070
Net Revenue: ₱456,250– ₱114,070= ₱342,180
Management Fee (8%): ₱342,180x 0.08 = ₱27,374
Final Income: ₱342,180 – ₱27,374= ₱314,872 Annual Percentage Yield (APY): (₱314,812 / ₱921,600) x 100% ≈ 34%
When compared with traditional rental properties, which often see returns of 5% – 15% annually, Floating Real Estate has the potential for significantly improved returns.
This is not a monthly cost. The cost of ownership detailed on this page is for a single transaction, a one time only payment for permanent ownership of a single unit (called Glamphouses) in the resort. If you would like to make a larger transaction than what you are capable of right now, please contact us on Facebook and we can work out payment plans on an individual basis.
The Reef Resort combines a luxury floating resort with an aquaculture farm, offering a unique experience of living on water while enjoying high-end amenities. Guests can partake in activities like in-resort fishing, scuba diving, and snorkeling, boat rides, and more. We will have a better built-in aquarium than anywhere in the world, as you can watch our tens of thousands of fish swim in circle beneath your feet during feeding time, or enjoy the floating aquariums that will oon be under construction.
Reef Resort incorporates local culture through its design, culinary offerings, and partnerships with local artisans and businesses, as well as local fishermen. It will also be engaging with the local community by providing job opportunities and supporting local initiatives
Construction is slated to begin before the end of August, 2024. Our Construction timeline will take less than 6 months, and with good weather and no delays on behalf of our logistics partners, we may be able to open up the Reef Resort before Christmas, 2024. Otherwise, our worst case scenario would be opening before the end of Q1, 2025.
Unit Owners, besides being entitled to 92% of the profits of their unit, are also entitled to have a voice in the operations of the Resort itself. This includes how much money is spent on Marketing, Cleaning, Maintenance, and other operating expenses. As far as it pertains to your individual room, these operating expenses are deducted from the revenue your room will generate, before the remaining profits are given to you.
Yes! As an owner you have absolute control and flexibility over your own property. Whether you own a full unit, half of a unit, or only 1.5% of a unit, it does not matter, you are always entitled to be able to sell your ownership to whoever you wish, and at least once per year the Resort Management will set terms available to all owners offering to buy them out, depending on the annual revenue of the resort. This is to make it easy to get in, and easy to get out, based on what financial situation you are in at any time. The goal of this system is to make ownership of floating real estate as easy as possible.
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