Buy a wave in the Phillipines

stunet's picture
stunet started the topic in Wednesday, 15 Jun 2011 at 11:27pm

I just got sent this email and I can't tell if it's a Nigerian scam moved to SE Asia or what. Who buys a wave? Who responds to these sort of emails?

Dear Sir,

I am just wanting to let you know that my friend has a private wave for sale in The Philippines that is consistent year 'round. The water is very warm and the people are quite friendly.
It is a left that wraps around a headland and is protected from the NE winter winds. The water is clean and unpolluted, and there are other good waves in the area. A capital city with a domestic airport is two hours away.
The deal includes five acres of ocean frontage with a white sand beach nearby.
The price is $250,000.
If you have any questions then please let me know.

Regards,

dav-e's picture
dav-e's picture
dav-e Thursday, 16 Jun 2011 at 12:18am

I like it. It's funny.

MarkPridmore's picture
MarkPridmore's picture
MarkPridmore Thursday, 16 Jun 2011 at 12:47am

5 mates @ 50 000 each, set up camp and live the life.....I'm in...if it wasnt a scam that is...

freeride76's picture
freeride76's picture
freeride76 Thursday, 16 Jun 2011 at 1:05am

A left you say?

Well get onto it Stu, ask him for some photos.

zenagain's picture
zenagain's picture
zenagain Thursday, 16 Jun 2011 at 1:07am

I was thinking the same thing Mark, but I don't subscribe to the concept of wave exclusivity or ownership.

May not be a scam though, a couple of savvy mates of mine bought 3 hectares overlooking a beautiful bay with a right/left reef combo on Lombok. About 45 mins from the new international airport. Less than the asking price of the Fillipino wave too.

stunet's picture
stunet's picture
stunet Thursday, 16 Jun 2011 at 1:32am

I've asked him for photos and if they come through then I'll begin to haggle.

ryder's picture
ryder's picture
ryder Thursday, 16 Jun 2011 at 2:38am

Is the price US$250,000, cheaper for us Aussies.

whaaaat's picture
whaaaat's picture
whaaaat Thursday, 16 Jun 2011 at 2:55am

Stu, it may not be a scam, but beware traps for young players.

First up, foreigners (generally speaking) cannot own land, only building(s) on it, and the land's legal holding entity must have majority Filipino composition; check first with yer wife on this one.

Secondly, not all Philippines' land is subject to a title registry system; if this is the case with the land in question, establishing just who the current legal owner is (so clean legal title can be passed) will be nightmarish.

On a brighter note, I do have an opportunity with a Nigerian banker trying to get USD$ out of his country, if you're interested....

freeride76's picture
freeride76's picture
freeride76 Thursday, 16 Jun 2011 at 3:51am

Capital city two hours away.......hmmmmmm....

We could track this one down pretty easily.

And it's protected from the ameehan.

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming Thursday, 16 Jun 2011 at 7:43am

Wouldn't be suprised if it was true, dont know about Phillipines but average going rate for land in Indo outside of Bali/Lombok and citys is about $5 per m2.

So that would make it about just over $8 per m2 sounds realistic for a similar nearby country, but bet the true local price would be much cheaper.

bigwayne's picture
bigwayne's picture
bigwayne Friday, 17 Jun 2011 at 9:11pm

where does one sign up mr nettle? surely its not a scam ? is it ? does the email look good? if so then you can rest assured it is . happy left handers , one is goofy , footed that is

this was bought to you by a wanting his own break that befits his surfing ability HRH bigwayne

shaun's picture
shaun's picture
shaun Friday, 17 Jun 2011 at 9:24pm

Why would you have to pay for it to own it, I didn't pay a cent for the break me an'me mates own, but we do pay rates and have also paid our dues.

stunet's picture
stunet's picture
stunet Friday, 17 Jun 2011 at 10:57pm

Latest news: We've begun the legal dealings and the 'agent' has gone back to speak to his client (the fella who currently owns the wave). More news to come soon.

Big Wayne, I might have to hit you up for a loan. Fuck knows I don't have $250 G's.