This is not a monthly cost. This is to buy permanent ownership.

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 soon be under construction.

Unit Owners, besides being entitled to 92% of the profits of their unit, are also entitled to have a free stay in the resort and individuals who own 100% of their unit can rent it out privately.

Reef Resort is built with robust materials and engineered to withstand extreme weather conditions. The region in which the Resort will be constructed, near Samal Island, is free of most extreme weather events like Typhoons. Typhoons in the Philippines generally tend to only form north of the island of Mindanao, the southern end of which is where Samal is located. In addition to being insulated from Typhoons, Earthquakes cannot effect structures floating on water, making this location much safer than a normal city in the event of an Earthquake. In addition to that, Tsunamis, while extremely rare, are large waves that build over long distances and only ‘break’ when they near land, affecting coastal real estate. Floating structures sufficiently far out at sea harmlessly roll over tsunamis, again meaning that it is coastal real estate which is primarily in danger.

In the event of extreme weather however, even if not posing an immediate threat, the Resort will be pre-emptively evacuated.

The resort will attract guests through its unique amenities, prime location, and exposure to the natural marine ecosystem that cannot be replicated by any other resort. We have an internal team that will develop marketing strategies and run continuous marketing campaigns all year long, so as to maximize occupancy and the value of the rooms that we offer.

If the numbers do not match to reach exactly 100% ownership, the remaining amount of ownership will go to the resort management, which will cover the remainder of the cost for construction

When building Floating Infrastructure, electricity must be generated in-house, this usually implies a generator, solar panels, or wind turbines as part of the structure. Small generators are rarely cost effective to provide the bulk of power to any small or medium sized resort or neighborhood. Reef Resort is opting for a solar-based energy production method, which over a 20 year period will provide cost savings when compared to even current grid-based energy. Because of this, electricity is guaranteed to unit owners at a 20% discount compared to the current market rate for electricity, in Davao City, Philippines.

At the time of writing, the average rate for electricity in Davao City, Philippines would be 19 cents (USD equivalent) per kilowatt hour, meaning that the guaranteed rate of electricity for each unit in Reef Resort will be 15.2 cents per kilowatt hour. This is another one of the major advantages of owning Floating Real Estate. Keep in mind that this rate applies only for solar electricity, while electricity produced by the emergency backup generator will be billed at a higher rate, but in most cases, these generators do not need to be turned on.

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.

As seen in the map above, Reef Resort is scheduled to be constructed off the coast of Samal Island, near Davao City, Philippines.