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Available Pre-Completion Buy-to-Let Investments |
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Written by Beth Collingz
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Saturday, 25 April 2009 |
Lancaster - The Atrium Manila Philippine Condotel releases Buy to Let Investment Packages
Pacific Concord Properties, Inc., Flagship Lancaster Condotel developments located along Shaw Boulevard, Mandaluyong City, Metro Manila, one of the hottest Philippine Condotel Investments, have several Buy to Let pre-completion purchase options available to real estate investors.
Beth Collingz, PLC International Marketing Networks Sales Director and lead Marketing Partners for Pacific Concord Properties Inc’s Lancaster Brand of Philippine Condotels anticipates substantial increases in construction costs over the next 18-24 months will force developers in the Country to make adjustments to their selling price for new condo developments going up in Manila and other cities.
The Philippines is seeing a phenomenal Hotel boom this year despite global crisis. Overall visitor numbers to the Philippines are growing. Airlines are reporting record numbers. For example, the country's flagship Philippine Airlines registered the highest number of international passengers ever last year - 3.38 million, up from 3.05 million in the previous year. Hotel developers in Manila, Cebu and Central Visayas region have poured in 50 billion pesos worth of new developments over the past 12 months.
Most interest for real estate investments are in condominiums and apartment hotel complexes.
Some twenty new hotels, including units of international chains, will rise in the Philippines this year, according to the Philippine Travel Agencies Association (PTAA). These include Shangri-La Hotels in Fort Bonifacio Manila, Shangri-La Resort and Spa in Boracay, Raffles/Fairmont in Makati, Bellevue Hotels in Alabang, Manila, Imperial Palace Waterpark Resort and Spa in Cebu, Sofitel Hotel and Resorts in Cebu, Bayan Tree Hotels and Resorts in Palawan and Newport Marriot Hotel and Maxims Hotel in Manila.
Now is the time to invest in Philippine Real Estate and lock in at current price levels said Collingz who’s Lancaster Condo Hotel brand offer the security of International Standards of Trust Account Escrow Banking facilities for all buyers payments. Buyers whom reserve now can take advantage of current prices locked in for their units and see an immediate equity return on their investment. Lancaster Suites Tower I, located along Shaw Boulevard, Metro Manila, now completed and ready for occupancy, provides unit owners with premier residential condo units with the option of enrolling their units in the Lancaster Condotel Rental Pool.
Condotels in the Philippines are a good Investment for Fil-Am's whom visit Manila for Vacations or Business and offshore property investors as they can earn Rental Incomes [at current purchase levels] of some 8% ROI per annum as Owner Non-Residents when not using their units through Condotel Management and reciprocal arrangement with Lancaster Cebu Resort Residences. There are no restrictions on foreign nationals purchasing condotel units and holding freehold title and the Philippines have no foreign currency exchange regulations. This makes Lancaster Suites one of the Hottest Investment Opportunities in the Philippines.
All Lancaster Suites have kitchen facilities. Monthly condo dues or maintenance fees are currently around 80 pesos per square meter of the unit floor area.
Lancaster - The Atrium Manila
Currently Available – Pre-completion One Bedroom Podium Investment Condotel Suites
Philippine Pesos Price Effective: June 1, 2010
Lot 1 - Five [5] One Bedroom [semi-fitted] Lancaster Atrium Pre-completion Podium Condotel Suites. Gross Floor Area 231.98sqm [2,500sqft] Price: -Pph-27,251,746.00 [Tax Inclusive] may be purchased with a full 25% discount on Total Contract Price. Saving -Pph-6,812,936.50. Effective Cash Price -Pph-20,438,810.00. Pay the Reservation Fee of -Pph-1,250,000.00 then 90% of the net discounted contract price within 30 days [-Pph-17,269,929.00] and 10% balance -Pph-1,918,881.00 on turnover of the units.
Lot 2 - Ten [10] One Bedroom [semi-fitted] Lancaster Atrium Pre-completion Podium Condotel Suites. Gross Floor Area 475.38sqm [5,120sqft] Price: -Pph-55,845,052.00 [Tax Inclusive] may be purchased with a full 30% discount on Total Contract Price. Saving -Pph-16,753,515.00. Effective Cash Price -Pph-39,091,537.00. Pay the Reservation Fee of -Pph-2,500,000.00 then 90% of the net discounted contract price within 30 days [-Pph-32,932,383.00] and 10% balance -Pph-3,659,154.00 on turnover of the units.
For a Copy of the Lancaster Atrium PowerPoint Presentation...
Copy and paste the following URL directly into your Web Browser
http://www.lancastersuites.com/index.php?option=com_remository&Itemid=26&func=select&id=13
PLC International Marketing Networks
Pacific Concord Properties Inc., Head Office
Shaw Boulevard, Mandaluyong City.
Metro Manila. Philippines
Phone: Manila [632] 717 1958
Pacific Concord Properties Inc., Cebu Office
Lapu-Lapu City, Mactan. Cebu. Philippines
Phone: Cebu [6332] 340 0721
Email:
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Web: http://www.lancastersuites.com
Web: http://www.condotel-sales.com
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Last Updated ( Friday, 04 June 2010 )
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Available Investments