Puerco Private Island

SOLD

Please discover the new Puerco island website at :

http://www.puercoparadise-resort.com

Puerco Island is a perfect place for an Island Beach Resort, or a Private place. Whichever will be the buyer's choice, eco-tourism is highly recommended to be emphasized.

The island is surrounded with a long stretch of white sand beach and blue crystal water that match suitably with the vast area of coral reef and hundreds of variety of fishes where one can swim with. The nature's ambience will be strongly felt with all structures built from light, native materials that are abundant and available from the nearby mainland. It possesses scenery dreamt of each traveler to linger on.

  Facilities  

Puerco Island is located 76 nautical miles north of Puerto Princesa City, 1.2 miles from Coco Loco Island Resort operating since 1985 and 5.5 miles from Roxas Town, the town which can supply all basic needs, sea food market, gasoline station, etc...... 

Actual facilities are :

• one guest house built in native materials w/ shower & toilet.
• one portable concrete water tank, w/ 6,500 gallons capacity.

The island is also free of any squatters, just one couple (caretaker) to maintain and protect the island.

  Environment & Ecology   

Puerco Island is primarily covered with coconut trees. Few old hardwood trees can be found in the island. The most common trees in the island are papaya tree, banana tree, talisay, bougainvillea, fire tree, alibangbang, and the pandan tree. 

Small migratory birds and fruits bats are visiting the island. Sea turtles lay their eggs in the beaches of the island.

  Price  

1,000,000 USD*

(ca. 924,000 Euro / 612,000 GBP / 1,357,000 CHF / 1,523,000 CAD) *

* All expenses such as the transfer of title, capital gain tax, etc. will be charged to the buyer.

* Exchange rates from 01/27/2003.

  Property Titles & Ownership Rules in the Philippines  

In case the probable buyer is a foreigner it should be noted that as a main rule, foreign ownership of Philippine property is not possible with one exception : a foreigner can inherit land from his/her deceased spouse (a Filipino citizen) and acquire title.

Commonly, foreigners lease the land they wish to control from a Filipino. To assure control this lease is entered together with a power of attorney in the records of the concerned Register of Deeds.

For larger investments, the forming of a Philippine corporation with foreign ownership of up to 40% is advised. This can include the forming of an additional corporation with again 40% foreign ownership as a holding company that will even raise the control of the land to more than 50% as a total.

Nevertheless, if you have a tourism project on the island, such as the building of a resort, one or several foreign investors would be able to become full owner of the resort. This presidential decree is only applicable to Palawan's province.

The information presented represents the owner best current knowledge about property ownership in the Philippines and is not meant as a legal advice. 

For a complete documentation, please complete the brochure order form.

  Further Information  

E-mail : puerco@mdi-international.com