February 25, 2018, 10:10 am
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‘It’s a lifestyle, not just real estate’


WHEN one invests in dusitD2 Waves Resort, which will rise in the upcoming 7.5-hectare modern Malibu-inspired residential resort community, Waves Beach Club and Residences, one is buying the lifestyle and not just a real estate.

“What you have to look at is the kind of lifestyle you are buying. We are improving all our indoor and outdoor facilities and there will also be a lot of aqua sports and activities,” said Fausto Liriano, RCL Realty and Consulting Services, Inc. chairman and chief executive officer.

“It is more of the lifestyle you are buying from that real estate where you can do and have anything because everything is almost provided,” he said, adding it will have a roof deck bar with a good view, the first in Ilocos Region or La Union.

Liriano said the development will be completed in two years and the soft launch is eyed in the second or third quarter of 2019.

“People who expressed interest to buy (a property) range from 30- to -50-year-olds, the overseas Filipino workers, foreigners who married Filipinas.

There are also those who are older than that; a lot of professionals too, such as doctors and engineers. They’d like to have an escape or a place where they can relax and have a good time,” he said.

Most of the buyers are Filipinos, around 70 percent, and the rest are from the United Kingdom, Canada, United States, Dubai and China, among others.

“We want people to know that this is not just a simple real estate… This is a lifestyle. We are bringing the real estate in the Region I where it has particularities, specifically in La Union. It has a perfect location,” Liriano said, adding Baguio City is just an hour away.

Here, he said, they will be able to walk around the development, use the jogging path or take a stroll by the beach of San Juan.

According to Liriano, La Union lacks hotel rooms. 

“We need more because right now, even with the incoming development, it is still not enough for the whole region. The entire La Union has around less than a thousand hotel rooms.”

Aside from the hotel, dusitD2 Waves Resort will also have villas that can be entered to the rental program, transforming these into additional key rooms for the hotel. 

“Same situation with the condominium; you can either live there or surrender to Dusit for them to manage for you,” Liriano explained. The condominium will be launched in the first quarter next year. 

“The fact that you can enjoy the beach every day, the fact that the location is at the back of the international school, the fact that you can listen to the waves, the fact that you can marvel at the beautiful sunset” make the development worthwhile, Liriano said.

He also noted the local employment that the project will generate. “Our goal is (to hire) at least 80 percent locals as long as they qualify.”

“There will be a culinary school, some people will be trained there, therefore we need to hire ahead to train them with the standards that Dusit wants them to have…

It is bringing more opportunity to the province,” he added.

Liriano said the company eyes to complete the whole development in five to seven years.
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