Te - Balikbayan Magazine

ents it out to guests. e buyer with the lease gets a share of
the revenue, and then they get free 24-nights-a-year stay at the
hotel,” Ramos said, adding that this is great setup for overseas
Filipino workers because they can earn money as well as enjoy
free accommodations when they come from for vacations.
“ere are some people here who are also leased with us and
we’re giving them 30 percent of the revenues of their unit,”
Ramos added. “For example, if the unit is being leased for
Php10,000 a day, then they get Php3,000 a day.”
THE RETIREMENT HUB: CONDOTEL AND PRIME
“What we’re trying to show here is total community,” Ramos
said, announcing the plans to accommodate the vast demand
from the market. “In fact, we are encouraging retirees even from
abroad. We have talked to a lot of retirees f rom the US who
want to retire here. We are tying up with medical groups so that
we can have a retirement community. You know how it gets very
expensive to retire in the US or some European countries.”
By the end of the year to early 2012, the public can expect
a rollout of grand oerings from the Ponteno development.
As part of extending its land area to an 8.5 hectare commercial
project, the group will build two additional hotel towers, with
the East Tower as home to 119 rooms, more than doubling the
hotel’s present capacity.
An 8-storey tower will have 105 purely residential units; 64
of these will be oered as condotel units and will ll the rst
four oors, while the top oors will serve as condominium units.
Shop house-style town houses will add to the commercial district
of Ponteno Residences. “We are oering these to entrepreneurs
who would like to put a store in the ground oor and
live in the second and third oor,” Ramos adds. Clearly a protable
investment option, the four shop house units are double
in size—240 square meters—to accommodate the bulk of the
business.
Apart from the condotel and residential plans for expansion,
the management is set to open up the development for our
balikbayans and investors who seek to live in the retirement hub
but is privy to the price. e Ponteno Prime, twelve initial single
detached houses are priced below Php3M each. Compared
with the existing residences, which are sold at an average of ve
to seven million, the Ponteno Prime answers the needs of the
OFWs who wish to provide a luxurious dwelling to their families
at an aordable price.
TO THE GROWTH OF BATANGAS
“is is in response to the growth of Batangas that we are
expanding the hotel,” Ramos said. Just in time for the Batangas’
ongoing plans for tourism, the Ponteno Hotel and Residences
oers balikbayans, OFWs, and local and foreign investors an option
for business, residence, and relaxation.
“It’s a good investment for people who are not here yet, who
are planning to retire in the future,” Ramos added. “Take a
break from the stress of Metro Manila and the pollution, and it’s
not so far. It’s only one and a half hour away.”
balik!"#"$ February – March 2012 "``"