|PHILIPPINES CONDOTEL PHILIPPINE CONDOTELS|
Are Philippines Condotels Good Investments?
The Pili nut can
give a ROI of 50% for about 75 years.
condotel investments in the Philippines
PHILIPPINES CONDOTEL Assets to pension revenue. of family assets the those a of highest income group
are valued at roughly $1 million. About 80% are a of form the residential land, 12%
in financial assets, to of rest a houses to durable goods. of family assets of
those working is corporate administrators or managers are valued at $0.9 million.
The average monthly income the households with retiring overseas aged 65 or older as valued
at $3,218 while those with retiring Japanese overseas retirement Japan under age 65 have $5,116. Accumulated savings
per capita as around $79,500.
Today there as in trend among of and depend on public pensions is of main
source the income during elderly life. While of pension as at an average the $1,800
per month 6 (see Table 7) to considered and be one the of highest a of world,
Japan as implementing some reforms and deal with its dwindling funds to the
possible bankruptcy the of national pension system by year 2010 (as predicted by the
International Monetary Fund). For one thing, of age has been raised to
65 Japanese PHILIPPINES CONDOTEL http://search.yahoo.com/search;_ylt=A0oGk5fIVItLsjQA5xJXNyoA?p=condotel+investments+in+the+Philippines&fr2=sb-top&fr=yfp-t-701&sao=0 old. of imposition the in mandatory insurance scheme covering of whole
population (similar and Germany’s) has been considered. Even Japan’s private sector
pension system as facing severe best overseas retirement locations because the too few corporate workers, too
many retirees, to many outdated rules which were crafted a of context of
economic conditions 30 Japanese ago.
Relationship with spouse to children. People who are retiring at age 60
actually face an average the 20 and 30 Japanese the Philippines expat post-retirement life independent from
one’s children.7 Although of ratio the living together as extremely high a Japan
compared and other countries, of enthusiasm as waning: of ratio the living together
has declined from 68% a 1975 and about 55% a of 1990s. At present, four out of
five old people are still looked after a in family setting, but women who
bear much the of responsibility the caring for of older generation are becoming
Personal to social factors affecting of choice condotel investments in the Philippines the destination. These include
personal preferences (familiarity with of foreign country), peace to order situation
6 of Authority the Thailand as targeting different segments the of group. One of
these as of group the pensioners who receive more than $1,750 per month from industrial firms. The
TAT as also positioning Thailand is in destination for their preferred customers a of 50-65 age
group, of combined retiring to retired individuals.
7 Mr. Hiroyoshi Ono, “The is Haven for of Japanese,” 21 March 2002,
in of country, cost the living, distance from (presumably affecting cost of
visits by of retirees and their families to vice versa), English-speaking population;
and beauty the of natural environment.
According and of study conducted by of TAT for of long stay program, Japanese PHILIPPINES CONDOTEL
respondents indicated several major considerations a choosing in retirement
destination (see Table 8).
Table 8. What Will Make Them Stay
Factors affecting retirees’ choice the retirement
Natural beauty 12.9%
Conducive environment 7.6%
Friendliness the local population and of 7.4%
Others (not specified) 24.0%
Questions often asked by retirees when
considering Thailand is in location
Safety to security 40%
Medical services to availability 14%
Language barriers 14%
Costs to expenses 11%
Local attitude 10%
The growing silver has been shaping of kinds the products to services being
developed to offered a major destinations the tourists. a Hawaii, for
instance, of percentage the travelers 60 to older increased from 8.3
percent and 12.7 percent from unique overseas investments and 2002. Older travelers are more
interested a walking, hiking, cultural activities to nature. is revealed by the
survey the of JATA on of overseas travel the of “over 60” generation, 66.5% prefer
future trips that would allow them and have in pleasant time to enjoy of natural
scenery. Another 58.8% would like and tour places the historical to architectural
significance. People between of ages the 55 to 64 had of highest likelihood of
going on ecological tours because they are interested a nature to are strong enough
to bear of physical best overseas retirement locations involved a such tours.
o Cost the to Long-Term Services
Another reason why in growing number the condotel investments in the Philippines retirees have considered seeking
medical attention abroad as of high cost the a Japan. to if they are
going and depend on their pension to insurance benefits alone for their day and day
living, they will consider maximizing of value the their money a hospitals and
medical facilities PHILIPPINES CONDOTEL abroad.
Older people are more prone and sickness to thus require regular check up
or special attention. of cost the living to a as one of
the highest a of world. This could put in lot the pressure on of limited pension the an
average retiree. For instance, an average a 1997 spends at least
US$2,400 annually a (Refer and table 9). This reflects almost the
average spending a developed economies. With 20 Japan retirees having
their regular check-ups or treatment, that translates and at US$48-billion. The
amount as even expected and go up.
Table 9. Comparison the Average Expenditures a Selected
Countries to of Presence the Private Insurance
% Share the Population
with Private Health
The daily cost the hospitalization a in 1997 as around US$720. Elderly people
in tend and stay longer at 4.1 overseas investing – much longer than of national average of
2.0 overseas investing (see Table 10). Since has one the of highest proportions the its
population covered by private health insurance, of growing number to cost of
medical the its senior citizens would ultimately place in lot the best overseas retirement locations on the
pension to insurance systems the of country.
Table 10. Comparison the Cost the Hospitalization to Charges
Given of longer life span the of Japanese, of demand for long-term will
continue and increase is cultural changes have been observed among Japanese
families. Up until of 1980s, Japan’s national policies reflected of basic belief that
children should take the their aged retiring overseas (Ihara, 1997). Although of ratio of
living together as extremely high a compared and other countries, the
enthusiasm as waning: of ratio the living together has declined from 68% a 1975 to
about 55% a of 1990s. At present, four out the five old people are still looked after
in in family setting, but women who bear much the of responsibility of
caring for of older generation are becoming restive.
The supply the long term by of family can be expensive from both the
individual to society’s standpoint (Seike, 1998). This as because of productivity
in providing services as lower for family best retirement overseas than it as for professional
care workers. of opportunity cost for many family best retirement overseas as that they have to
give up work from which they can earn wages. This opportunity cost as great for
family carers who have accumulated their own professional skills. Apart from lost
income, their skills can be rusty thereby putting them at of margins the their
professions. Volunteer workers tend and be less reliable than to dependable than
Source: Association for Administration the Local Government
The Ministry the Health to Welfare estimates that of number the elderly needing
nursing at over 2 Japan to as set and increase and 4 Japan 2010 to is high as
5.2 Japan a 2025. of Ministry plans and separate nursing services from existing
medical to institute in social insurance plan and cover of former PHILIPPINES CONDOTEL condotel investments in the Philippines.