MANILA, Philippines – Every person has dreams of living a luxurious life, enjoying fine amenities and surrounded by beautiful things. Whether it is a beautiful vacation home or an expensive car, it can often take a lifetime to reach this dream. Despair no more, as recent business trends are leaning to a more attainable, and possibly even more dynamic, alternative to get the life you’ve always wanted through Fractional Ownership.
Fractional Ownership 101
Fractional Ownership puts owning properties of enduring class and value within easy reach. It is an innovative shared-ownership solution that allows families and friends to co-own a property and maximize its use. This is an answer to the concern of vacation home owners who do not get to frequently visit their homes, which puts into question the significant investment required to purchase and maintain it. Apart from real estate, smart buyers often use this increasingly popular acquisition alternative for other desired items like expensive cars and jets.
In the last few years, a lot of people have invested in time-share properties, which allows them to make use of a vacation home during a set number of days within a year. In between, the common property is used by other time-share owners who, more often than not, may be strangers.
Unlike a time-share set-up, in Fractional Ownership, the property is owned and shared by more than one person, but with a legally divided title deed. With this scheme, usage rights as well as maintenance and upkeep costs, are divided equitably among homeowners according to the size of the fraction purchased. This means, your share of the property belongs to you, and you can upgrade your share at anytime, benefit from any property appreciation or even hand it down to future generations. Mañosa Properties, led by CEO Dino Mañosa, takes on this trend and leads the pack by offering this option for their prime Tagaytay development, Tagô.
Tagô – Your Idyllic Tagaytay Hideaway
Tagô – which means “hidden” in Filipino – is Mañosa’s ode to the Filipino’s desire for a weekend “hideaway” to escape the frenetic pace of city living. The subdivision is an idyllic mountain retreat, located along Bonifacio Drive, just 300 meters off the busy Aguinaldo Highway. The area is quiet yet vibrant and just a short drive away from the plethora of entertainment and dining options all over Tagaytay.
“We want to give our homeowners the feeling that when they are here, they are in their own exclusive enclave. But if they want to go out, the location also allows them to find dining and entertainment options just 5 minutes away,” says Dino Mañosa, co-founder and CEO of Mañosa Properties Inc. “No matter what your idea of ‘relaxation’ may be, you can find it here.”
What makes Tagô stand out from among the developments in the area is the master-planning that was involved, making the most of the raw natural beauty of the landscape. Tagaytay’s cool climate, fresh air and verdant foliage take center stage in the overall design
-–beginning with the welcoming entry arbor and extending throughout a network of trellises and gardens that will connect the community’s wide-windowed homes. Privacy is of utmost importance, with only a limited number of homes, ranging from 220 to 300 square meters in size, to be built on the property.
To ensure that each slice of real estate conforms to the overall aesthetics of the development, the group’s architectural arm – Mañosa & Co. Inc. designed each home following the tenets of their illustrious founder, and champion of contemporary Filipino architecture, Francisco “Bobby” Mañosa. Every home takes inspiration from the Pinoy classic bahay-kubo, with an airy-open plan design and indigenous elements that are friendly to the environment. And of course, it lives up to the multi-awarded Mañosa legacy in its design, quality, and value. A testament to the vacation and leisure expertise that come with this firm’s name are the much-lauded and highly-rated resorts Amanpulo in Palawan, Shangri-La Mactan, Pearl Farm Beach Resort in Davao, and Eskaya Beach Resort and Spa in Bohol. “We take pride in creating vacation and leisure spaces, whether for resorts or homes, that are not only beautifully designed but also uniquely well-suited to the environments they are in,” Mañosa adds.
Shared Ownership, Greater Enjoyment
Interested homeowners are encouraged to approach Mañosa Properties with a group of family and/or friends who they would like to and are comfortable to co-own and share a vacation home with. Two to four co-owners per property would be ideal. Some opt to put the property in a corporation, with each owner as a company shareholder, while others can opt to have all the owners’ name on the title. From there, all the owners can decide how and how often they would like to make use of their vacation home.
Now all you need to do is to decide whether you would like your new vacation home in Mañosa Properties’ beautiful Tagô Homes to be handed to just fully fitted or even fully-furnished. As to how you plan to spend your weekend getaway in this idyllic setting, well that’s entirely up to you.
For more information on Tagô, visit their website or their Facebook page or email them at info@tago.ph. ADVT.