Whether you’re thinking of getting golf club shares as an investment, for corporate use, or for personal reasons, there are a few things you should know before diving in.
Prices range from as low as one hundred thousand pesos to the millions, depending on where the club is located and who owns it. At the same time, the high prices commanded by these shares is an assurance of the quality they bring. When purchasing a golf club share, make sure to clarify with the club what benefits and privileges you are accorded – for example, some clubs allow share holders to make free use of their amenities, while others do not. Some clubs also offer lifetime membership for club share owners.
Membership hierarchy, while not immediately apparent, is another thing to consider. Clubs can differentiate between propriety members, who both own the share and are members, corporate members, and assignee members. If you’re buying, be sure that you know what each rank can and cannot do. Club share distinction is something that should be taken into account, as there are different types of shares based on the nationality of the share owner as well as joint ownership shares.
Finally, as with any investment, it’s wise to work with an experienced partner who knows the ins and outs of the golf club share business, and who can iron out the details for you.