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Global Estate Resorts Inc. has launched two additional projects at Boracay Newcoast, a 150-hectare mixed-use leisure and resort development. These projects are the Oceanway Residences 1 & Oceanway Residences 2, a cluster of seven modern residential condominiums and Boracay Savoy Hotel, which is envisioned to become the Ibiza of Asia.
Boracay Newcoast covers 15 percent of Boracay Island. The company said a big chunk in the project would be “green” development to preserve Boracay’s natural charm. Oceanway Residences is the first condominium cluster that offers amazing views of the Sibuyan Sea, Mt. Luho, the island’s highest peak; as well as the Fairways & Bluewater Golf Course. It also has one-kilometre white-sand beach. Golden Estate Resorts sees Boracay Savoy Hotel as the next “best hotel” destination in Boracay.