Philippine Real Estate Investment and Retirement

The Philippines offers affordable real estate investments and retirement opportunities in a tropical climate

For many British, Australians and Americans, retirement time is just around the corner. At home, with low interest rates and high cost of living, the prospect of trying to live on a pension, in old age, is a daunting one unless you are prepared to substantially downscale your lifestyle. For some, moving to retire in another country is an option which has been successful in the past with Spain, Portugal, Mexico and Puerto Rico being among some of the more popular destinations. But why not consider retiring in the Philippines

Over the past decade, the Philippines has become a retirement haven for thousands of foreigners, particularly the Japanese, Korean, and Northern Europeans. Along with Thailand and Malaysia, the Philippines developed communications, infrastructure, and service delivery systems specifically geared to meet the needs of foreign retirees. Better yet, unlike most European Countries and South America, nearly everyone speaks English in the Philippines.

The Philippines offers a significantly lower cost of living. The Philippine Peso exchange rate is approximately 48 to $ 1.00 or 70 to 1 Pound [Sterling (GBP)]. Housing, food, and labor costs are quite reasonable. A One bedroom condominium can be purchased for around $ 100,000 or GBP 55,000 or a Studio for only $ 60,000 or GBP 35,000 and one can dine out on average at a three star restaurant for less than 500 pesos. A private driver’s salary is approximately 15,000/month, while trained housekeepers earn approximately 8,000/month. These salaries are lower if you live in the provinces.

Cable Television, Hi-Speed Internet and Satellite Communications are cheap. One can hire an air-conditioned taxicab for eight hours for less than $30.00. In a country where a provincial Governor’s salary is only about 35,000 pesos per month, and a Presidential Cabinet Under-Secretary earns something like 45,000, your pension can go a long way. So, if you have a retirement income in the region of $1,500 to $2,000 per month (70,000 to 90,000 pesos) you can live quite well in the Philippines.

As for health care, most U.S. Health Management Organizations pay for medical expenses incurred in the Philippines. Check with your HMO. The Philippine Department of Foreign Affairs presently has a task force working to have the U.S. government accredit a number of first class Philippine hospitals for Medicare reimbursement. The Makati Medical Center, one of the nation’s best already has such accreditation. Unbeknown to many is that for years, citizens of nearby countries such as Thailand, Nauru, Tonga, Indonesia, and Malaysia have flocked to the Philippines for medical care, particularly sensitive surgical procedures. The quality of medical care at the better Manila hospitals such as the Asian, St. Luke’s, Medical city, Cardinal Santos, Philippine Heart Center for Asia, National Kidney Institute, and Makati Medical Center meet international standards.

A Japanese company is building a medical facility in Tagaytay city, south of Metro Manila, exclusively for Japanese nationals. There are now close to 10,000 Japanese retirees in the country, and the number is growing annually. The British government recently acquired a large tract of land in Fort Bonifacio to build a new Embassy. The British ambassador explained the larger facility is meant to help serve the growing number of British nationals retiring there as well. Japanese and Korean investment groups are buying homes and condominiums in Manila, and tracts of provincial land for retirees. This has contributed to a real estate boom in the country. A retirement village exclusively for Japanese nationals already exists in Tagaytay, and more are planned. These are strong indicators of what is on the horizon

English is the Philippines’ official business language. Most of the people you will meet, from hotel workers, taxi drivers, sales or service people, government employees all speak English, or have a working understanding of it. The middle class speak English, without exception. All major newspapers and major broadcast companies use English. An English speaking visitor will never get lost in the Philippines. It is the universal use of that language that has been a strong incentive to foreigners. As well, communications links within the country and to other countries via the various commercial gateways is up to international standards. For example, the use of cell phones and text messaging is so common that housemaids, street vendors and food hawkers can be seen using their mobile phones incessantly.

One will never want for adventure and sights to experience in the Philippines. There is always a colorful Fiesta, pageants, street festivals, and open public events going on. Lush with bountiful natural resources, one can enjoy the numerous beaches, resorts, golf courses, and play just about any sport, except skiing. There is an ice skating rink in Manila, though. Scuba diving and fishing are among the sports which draw the most number of foreigners to the rich aquatic offerings.

Shopping is the Filipinos’ second most popular activity, the first is eating. Manila is Asia’s undiscovered shopping Mecca. You will love the golden purple sunsets, the fragrance of the flowers at dusk, and the wonderful array of fruit and food. I used to enjoy watching the Sun set from the bar at the Philippine Cultural Center. There, you can listen to the Symphony, check out a play, or enjoy Grand Opera. There is just so much to explore and discover, specially in terms of nature, culture, and history. If you’re a betting man, there’s horse racing, the Jai Alai, numerous first class casinos, and of course, cock-fighting. Manila is well known for its exciting night life.

The Philippines offers affordable real estate and good investment opportunities for those seeking a retirement haven.

“Where can you find a 350sqft freehold flat in the heart of Central London for only 35,000 Pounds and then get up to 14% per annum ROI from rental returns” enthuses Collingz. “These figures probably seem crazy to London property buyers unless they remember the prices of flats and apartments back in the late 70’s” and all of this comes complete with average 85 degree temperatures and sunshine nearly all year round” said Beth Collingz whom used to live in South Kensington and still owns several Chelsea Embankment townhouses and St. Catherine’s Dock flats before coming over to the Philippines

If you have $60,000 or GBP 35,000 to invest, here are some buys you could make right now with that budget:

1. A Freehold 'off plan' unfurnished Studio Condotel Suite at the Lancaster Atrium Manila for Initial Property Appreciation Investment and Rental Income from 2011 in Metro Manila, Philippines.

2. A Freehold fully furnished ready for occupancy Studio Condotel Suite at the Lancaster Suites Manila or for Condo Hotel enrollment and immediate Rental Income in Metro Manila, Philippines.

3. A Freehold fully furnished ready for occupancy Studio Condotel Suite at the Lancaster Cebu Resort Residences or for Condo Hotel enrollment and immediate rental income in Cebu, Philippines.

Pacific Concord Properties, Inc., Flagship Lancaster Atrium Suites Condotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila, is one of the hottest Condotel Investments in the Philippines where property investors, apart from real estate appreciation, investors will get projected Rental Incomes on their units of up to 8% per annum once fully operational

Lancaster Atrium [which is the second Tower adjacent to the existing “Sold Out” Tower I] Condotel Studios, One, Two and Three Bedroom Suites are currently available to Property Investors adopting International Standard Escrow Trust Account “Buyer Safe” Easy Secure Payment Plans… with 6 year interest free payment terms or up to 12 year no prequalification “In-House” financing [available to all overseas buyers], full condo ownership, no management costs for Condo Hotel Suites, no enrollment charges for joining the Condotel Rental Pool, and minimum monthly maintenance fees, as buyers or sellers of Real Estate you really should take a moment to look at this Philippine Condotel Investment Opportunity

According to Beth Collingz, of PLC International Marketing Networks, a lead marketing partner with Pacific Concord Properties Inc., whom have Condotel developments in Metro Manila and Cebu, and specializes in working with international clients: “My phone has been very busy with buyers from the UK, Scotland and Australia interested in purchasing investment properties and holiday homes here. A lot of this interest is being driven by the relatively cheap entry level prices in the Philippines and the easy payment options available for our condo hotel developments, but there are other factors, too. Offshore property investors, Foreign baby boomers as well as overseas Filipinos, are looking for ways to maximize their return on investments as they approach retirement, and so are purchasing second homes, particularly Condotel Investments where they can use the Condo for vacations and rent it out through our in-house Condo Hotel Management when they are not using the unit thereby gaining rental incomes that on today’s purchase prices, give a projected ROI on their investments of up to 14% depending upon the mode of payment for the unit”

Beth Collingz, who runs PLC Global Pinoy, an internet based marketing network specializing in Condotel Investments in the Philippines, indicated that more than 85% of all Condo sales in Metro Manila were to international clients. While such a level of foreign-purchasing activity is not as high in the Philippines provinces, Cebu in particular, has seen a sharp increase in real estate purchases by international buyers in the past several years.

“These international buyers know it’s a buyer’s market in the Philippines right now-there are a lot of properties available and fewer local buyers,” Collingz said. “I’m working with clients who are purchasing their second property with me. We also have referrals from many of our prior customers and new clients who have found us through our Web www.lancastersuites.com and www.plcglobalpinoy.com which include a special section for international buyers”

While Metro Manila is still a popular choice with international buyers, Collingz says clients tell her that it makes more sense to buy in a year-round vacation destination. The Lancaster Cebu Resort Residences Condotel conversion by Pacific Concord Properties located in Mactan, Cebu - the area around Cebu International Airport - fits the bill with all it offers to International buyers.

Accessibility from Europe & The United States is also a factor. “London to Qatar, London to Amsterdam to Singapore or Hong Kong, Los Angeles to Tokyo, San Francisco and New York to Hong Kong direct flights to Cebu and Manila, for example, average just 16 hours, add to that the many airline specials from Qatar Airlines whom probably offer the cheapest air fares, that fly directly into Cebu and Manila, and it’s easy to see why the Philippines is becoming an international community.”

Unlike other offshore rental properties, where the rental market is largely seasonal, in the Philippines there is a strong market for rental properties year round. This gives buyers greater flexibility in choosing when to use and when to rent their property. The strong rental/second home market also has resulted in a proliferation of professional property managers and rental agents, making property ownership and rental easy. Pacific Concord Properties Inc with it’s flagship Lancaster Condo Hotel Developments fit’s the bill.

Financing Options and Security open up Philippine real estate market to International buyers. Previously a stumbling block for some international buyers was the perception that it is difficult -if not impossible - to obtain financing in the Philippines. As a result, many purchases in the past were cash sales.

Pacific Concord Properties recently introduced the new affordable easy payment plans for the Lancaster Atrium Manila Condo Hotel Suites where a Studio unit can be purchased without any down payment, and 67% of the contract price payable over 60 months interest free and the 33% balance payable on turnover of the unit or to be extended for another 60 months through PCPI’s no prequalification no hassle finance plan, sales of the companies inventory of units will surely sell out quickly to investors seeking to take advantage of the Condo Hotel Investment “Boom” in the Philippines.

A major stumbling block for some Investors from the UK was the perception that purchasing property in the Philippines was risky with nightmare stories of fraud and deception abounding due to the lack of professional Realtors and internationally accepted principles’ of real estate transactions.

Another drawback to purchasing property in the Philippines was that most overseas buyers of the real estate have become accustomed to normal home buyers standards like putting their money in escrow (which protects them if the developer does not deliver on its commitments) whenever they buy real property.

Pacific Concord Properties Inc., now sets that “International Standard’ in the Philippines with the “Buy Safe Payment Policy” of Escrow Trust Account Banking with Equitable PCI Bank, one the Philippines largest Banks, for the purchase of a Condo Hotel unit in either the Lancaster Suites Manila, Lancaster Atrium Manila or Lancaster Cebu developments.

Buyers of Condo Hotel units at the Lancaster Suites Manila, Lancaster Atrium Manila and Lancaster Cebu Resort Residences in Cebu, pay their Reservations, down payments and all monthly payments directly to the Companies Trust Account with the Bank thereby ensuring that funds are maintained and ultimately used only for the purpose of direct construction related costs. This not only guarantees that the buyers money is safe, but more importantly the development will be completed on schedule and within projected time frames for the project.

Collingz highlights the importance of working with those experienced in this type of transaction. “Buying property in the Philippines is significantly different from buying in the UK and other European countries, for example,” said Collingz. “The purchase process is more direct, with less stress and more accountability; and we work directly with the buyer or collaboratively with the client’s agent or representatives. Our goal-and that of Pacific Concord Properties Inc - is to make the whole process as easy as possible. Prospective buyers can view properties online on our Web site and save listings they’re interested in an online portfolio”

Communication is the key to the process, according to Collingz. “We spend a lot of time communicating with buyers before they visit, so that we all have a clear picture of the type of property that’s right for them. We also make travel arrangements and hotel accommodations and provide them with information in advance of their visit so they understand the process and their options. That way they can make the best use of their time here-and we can ensure they have time to get to know and enjoy the area.” In many cases, buyers arrive for a three to five-day visit and sign a sales agreement before heading home. Pacific Concord Properties’

Philippine real estate, medical, social services, and employment agencies are now working together under the government’s Philippine Retirement Authority (PRA) to set up standards and make the retirement industry truly world class. Under the active direction of retired Philippine National Police chief, Gen. Edgar B. Aglipay, chairman of the Philippine Retirement Authority, plans have been put in place to ensure that the growing demand for housing and ancillary services for the retirees are met. The objective is to turn the country into the retirement haven in Asia.

For further info regarding the Lancaster Brand of Condo Hotel Investments and retirement opportunities in the Philippines please do not hesitate to contact us....

Beth Collingz
PLC International Marketing Networks
Pacific Concord Properties Inc.,
Manila Head Office
Shaw Boulevard, Mandaluyong City.
Metro Manila. Philippines
Phone: Manila [632] 717 1958

Pacific Concord Properties Inc.,
Cebu Branch Office
Lapu-Lapu City, Mactan.
Cebu. Philippines
Phone: Cebu [6332] 340 0721
EMail: plcsales@pldtdsl.net
Web: http://www.lancastersuites.com [Lancaster Condotels]
Web: http://www.condotel-manila.com [Lancaster Suites]
Web: http://www.condotel-sales.com [Lancaster Atrium]

Cebu Condotel Christmas | New Year Holiday Rental Discount Rates

Lancaster Cebu are offering newly renovated Fully Furnished Studio and Two Bedroom units located in Mactan, Cebu... a few minutes from the Mactan-Cebu International Airport, on daily, weekly, monthly or yearly rental terms.

The recently opened Lancaster Cebu serviced apartment condotel rentals located in Mactan, Philippines, unveils a brand new online reservation system that yields instantly confirmed and secured hotel reservations

Pacific Concord Properties Lancaster Brand of Condotels in Cebu are offering a newly improved reservation system on its website, www.condotel-rentals.com This online booking service allows for fast and simple booking a Cebu hotel room.

For Reservations simply complete guest details with the dates of stay. We do not require any advance deposit or credit card information for low season reservations. Payment can be made in cash/credit card upon check in.

Beth Collingz, overseas sales director PLC International and lead marketing partners for the Lancaster brand of Condo Hotels in the Philippines said property is all about location. Mactan, Cebu, provides one with both the laid back pace of provincial living, as well as prerequisites of the urban dweller. Schools, hospitals, restaurants, shopping malls, and leisure are all found on the island itself.

Cebu City is the acknowledged gateway and Queen City of the South. Cebu is the most important trading and commercial hub outside of Metro Manila. The Mactan-Cebu International Airport assures the arrival of a steady stream of international flights from Amsterdam, Frankfurt, Bangkok, Macau, Singapore, Jakarta, Hong Kong, Tokyo, Kota Kinabalu, Seoul and Qatar. Philippine Airlines will soon commence direct San Francisco – Cebu flights. There are also chartered flights from Inchon, Taipei, Kansai, Nagoya and Kaohsiung that arrive on a weekly basis. Cebu is identified by Asiaweek and Conde Nast Traveller as one of Asia’s Best Cities.

Lancaster Cebu Resort Residences, located a mere 3 minutes from Mactan-Cebu International Airport, provides you with easy access to all the essentials of urban living. This ideal location will complement the Condotel operation since Lancaster Cebu will function as a condominium hotel – a preferred accommodation choice of businessmen and holiday travelers alike. Clients can either purchase Condotel Suites for investment purposes or lease the units on weekly, monthly or yearly basis.

All rooms are fully air-conditioned, fully furnished with queen-size beds and have equipped kitchen facilities including microwave oven, stove and refrigerator. En-suite Bathrooms have Shower/Bathtubs and hot/cold running water. All rooms have Wi-Fi internet access and Cable TV. Studio Suites are available for double/single occupancy and have queen-size beds. Two Bedroom Apartments have two bathrooms and two queen-size beds for 2-4 person occupancy.

SPECIAL PROMO INTERNET ROOM RATES [TAX INCLUSIVE]
Effective from October 1, 2009 – December 30, 2009
[Prices are quoted in Philippine Pesos]

STUDIO [2 Persons]

Daily Rate Pesos: 2,203.50 [Pesos: 2,353.50 With Set B/Fast]
Weekly Rate Pesos: 12,616.45 [Pesos: 13,666.45 With Set B/Fast]
Monthly Rate Pesos: 38,985.00 [Pesos: 43,485.00 With Set B/Fast]
Yearly Contract Rate Pesos: 32,205.00 [per month with utilities]
Yearly Contract Rate Pesos: 26,600.00 [per month without utilities]

TWO-BEDROOM SUITE [4 Persons]

Daily Rate Pesos: 4,101.90 [Pesos: 4,401.90 With Set B/Fast]
Weekly Rate Pesos: 22,701.70 [Pesos: 24,801.70 With Set B/Fast]
Monthly Rate Pesos: 59,325.00 [Pesos: 68,325.00 With Set B/Fast]
Yearly Contract Rate Pesos: 44,070.00 [per month with utilities]
Yearly Contract Rate Pesos: 36,900.00 [per month without utilities]

SPECIAL PROMO INTERNET ROOM RATES [TAX INCLUSIVE]
Effective from December 31, 2009 – June 30, 2010
[Prices are quoted in Philippine Pesos]

STUDIO [2 Persons]

Daily Rate Pesos: 2,340.00 [Pesos: 2,490.00 With Set B/Fast]
Weekly Rate Pesos: 13,923.00 [Pesos: 14,973.00 With Set B/Fast]
Monthly Rate Pesos: 42,120.00 [Pesos: 46,620.00 With Set B/Fast]
Yearly Contract Rate Pesos: 39,000.00 [per month with utilities]
Yearly Contract Rate Pesos: 29,600.00 [per month without utilities]

TWO-BEDROOM SUITE [4 Persons]

Daily Rate Pesos: 4,200.00 [Pesos: 4,500.00 With Set B/Fast]
Weekly Rate Pesos: 24,990.00 [Pesos: 27,090.00 With Set B/Fast]
Monthly Rate Pesos: 69,257.00 [Pesos: 78,257.00 With Set B/Fast]
Yearly Contract Rate Pesos: 55,468.00 [per month with utilities]
Yearly Contract Rate Pesos: 42,900.00 [per month without utilities]

All rates quoted are fully inclusive of 13% government taxes. There are no security deposits or advances payable except for yearly leases. Weekly Rates are based upon 7 nights. Monthly/Yearly rates are based upon 30 night months. Additional nights are charged at the pro-rated weekly or monthly nightly rate. All rates apply to single or double occupancy. Children below 12 without extra bed are free of charge when sharing room with adults. Baby cribs available upon request. These rates may be changed without prior notice.

Inclusions:

* Complimentary Use of Swimming Pools 06.00am – 10.00pm
* Complimentary Car Parking [One Slot/room for In-House Guest only] Non-hotel guest -Pph-20.00/hour
* Complimentary Wi-Fi Internet Access at the Pool Bar
* Complimentary Wi-Fi Internet Access for selected Suites
* Complimentary shuttle service from Hotel to and from Cebu-Mactan International & Domestic Airports
* All rooms have Cable TV
* All units have kitchen facilities and basic appliances [Micro-Wave Oven, Refrigerator, Gas Range]
* Room Rates are inclusive of twice a week housekeeping service, i.e., room make-up and linen change.
* Utilities, i.e. electricity and water, including monthly condo dues are all inclusive on daily/weekly and monthly rates however are charged separately for yearly leases.

Other Services:

* A la Carte Breakfast charged from -Pph-150.00 per pax
* Room Service 06.00am – 10.00pm
* Business Center 07.00am – 10.00pm

For your Reservation simply send us an email with the dates you will be staying. We do not require any advance deposit for reservations. We do not charge any security deposits. Payment can be made in cash/credit card upon check in.

Airport transfers - pickup is complimentary.

Beth Collingz
Director - PLC International Marketing Networks
Pacific Concord Properties Inc - Branch Office
Lancaster Cebu Resort Residences
Lapu-Lapu City, Mactan. Cebu.
Tel: [Cebu 63 32] 340 0721
Email: plcsales@lancastersuites.com
Website: http://www.lancastersuites.com
Website: http://www.condotel-cebu.com
Website: http://www.condotel-rentals.com

PCPI Expand Lancaster Cebu Condotel operations in the Philippines

Philippine Condotel Developer acquires additional condo units for its Lancaster Cebu Condo Hotel Operations to meet rising demand for short term accommodation in the central Philippines

Beth Collingz, International Marketing Director of PLC Global an internet based sales and marketing company and lead marketing partners with Pacific Concord Properties, Inc., for the Lancaster Brand of Condotels in the Philippines, recently announced the company has acquired an additional 60 units in its Lancaster Cebu Condotel adding another 150M pesos to its project inventory and expansion program. This brings the number of properties held in the development to 140 suites with another 135 units to be added before year end 2010 for Condo Hotel rental operations.

Lancaster Cebu Resort Residences, located a few minutes from Mactan-Cebu International Airport, is offering Studio and 2-Bedroom Fully Furnished "Ready for Occupancy" Suites on daily, weekly, monthly or yearly lease rental terms. From January 2010, Lancaster Cebu will offer its newly renovated One Bedroom “Loft’ Type Suites on competitive rental rates. Whilst some renovation works are still ongoing within the complex, unit rentals are now available to guests at 'Special Promo Rates'. For short and long term Condo rentals in Cebu check out our rentals website: http://www.condotel-rentals.com/ for info said Collingz

Cebu City is the acknowledged gateway and Queen City of the South. Cebu is the most important trading and commercial hub outside of Metro Manila. The Mactan-Cebu International Airport assures the arrival of a steady stream of international flights from Amsterdam, Frankfurt, Bangkok, Macau, Singapore, Jakarta, Hong Kong, Tokyo, Kota Kinabalu, Seoul and Qatar. There are also chartered flights from Inchon, Taipei, Kansai, Nagoya and Kaohsiung that arrive on a weekly basis. Cebu is identified by Asiaweek and Conde Nast Traveller as one of Asia’s Best Cities.

For reservations please do not hesitate to contact us:

Beth Collingz- Director
PLC International Marketing Networks
Pacific Concord Properties Inc., Head Office
Shaw Boulevard, Mandaluyong City.
Metro Manila. Philippines
Phone: Manila [632] 717 1958 / 532 0214

Pacific Concord Properties Inc., Cebu Office
Lapu-Lapu City, Mactan.
Cebu. Philippines
Phone: Cebu [6332] 340 0721
Email: plcsales@pldtdsl.net
Web: http://www.lancastersuites.com/
Web: http://www.condotel-cebu.com/
Web: http://www.condotel-rentals.com/

Ready Occupancy Furnished Buy to Let Condotel Units with 10 Year Payment Terms available at Lancaster Suites Tower I Manila. Shaw Boulevard, Manila

Lancaster Suites Tower I Manila. Shaw Boulevard. Metro Manila
Available Ready Occupancy Condotel Units [Semi Fitted Suites]
Update October 19, 2009 [Manila 6.00pm]

Pacific Concord Properties, Inc., Flagship Lancaster Suites Tower I Condotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila, one of the hottest Philippine Condotel Investments Now Ready for Occupancy

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.

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.

Great Investment for Fil-Am's whom visit Manila for Vacations or Business as they can earn Rental Incomes [at current purchase levels] of some 8%-14% ROI per annum as Owner Non-Residents when not using their units through Condotel Management and reciprocal arrangement with Lancaster Cebu Resort Residences. This makes Lancaster Suites one of the Hottest Investment Opportunities in the Philippines.

All units at the Lancaster Suites have kitchen facilities. The standard unit price provides for the suite to be semi-finished but not fully furnished. Included in the current price are the interior finishing’s such as tiled & semi-fitted bathrooms, bedrooms with simulated wood plank flooring, semi-fitted living and dining area with simulated wood plank floorings and lower kitchen cabinets/work tops installed. Walls and ceilings are painted cement finish. A complete optional extra interior fit-out package including unit fittings and fixtures, furniture’s, furnishings, air-conditioning, lighting fixtures and appliances are available. Monthly condo dues or maintenance fees are currently around 85 pesos/square meter of the unit floor area/month.

Prospective or existing unit buyers may avail of up to 15 year mortgages for the purchase of all Lancaster Suites Tower I Condotel units with minimum equity of 50%.

Banco De Oro (BDO) a commercial Bank in Metro Manila has approved a buyer's financing or mortgage plans for Lancaster Suites Tower I Manila Condotel units. The new financing scheme, providing Philippine Mortgages to Foreign Nationals married to Filipino Citizens residing overseas for the purchase Condotel units in the Philippines, is now available to unit owners (Filipinos, Filipino-Americans and Foreign Nationals alike) whom are looking to purchase a Condo Hotel Suite or refinance their investments through BDO's Home Loan

Lancaster Tower I Buyers can take advantage of this offer to free up some cash as well as to finance the fit-out of their units in the condotel pool or their business set up requirements in their commercial units or purchase preconstruction units in the new Lancaster Atrium Manila Condotels

Lancaster Suites Manila - Tower I
Currently Available - Studio Suites
Philippine Pesos Price Effective: May 6, 2009

Studio Condotel Suite. Floor Area 27.49sqm [295sqft] Price: -Pph-3,102,629.25 [Tax Inclusive] and may be purchased with an initial Reservation Fee of -Pph-25,000.00 then 30% Down Payment of -Pph-838,618.45 payable within 30 days and the resulting balance [with interest applied at 14% per annum] may be payable over 60 equal consecutive monthly installments of -Pph-52,097.86 or payable over 120 equal consecutive monthly installments of -Pph-34,764.32.

Pay Cash; take 20% discount on the contract price plus cash price Tax Savings of -Pph-817,924.30. Effective Cash Price -Pph-2,284,704.90 [Tax Exempt]. Pay the initial Reservation Fee of -Pph-25,000.00 then balance of the net discounted contract price within 30 days [-Pph-2,259,704.90].

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condo Hotel Suite "Fit-Out" package including all required items of Condo Hotel furniture's, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware's, linens etc is now available for Studio Suites ranging from -Pph-480,385.00

Studio Suites are also available through 15 Year Bank Financing with Banco D’Oro Unicapital [BDO] Manila Home Loan Program. Please inquire for quotations.

Lancaster Suites Manila - Tower I
Currently Available - 1 Bedroom Corner Suite
Philippine Pesos Price Effective: May 6, 2009

One Bedroom Condotel Suite. Floor Area 41.80sqm [450sqft] Effective Price -Pph-4,717,711.99 [Tax Inclusive] and may be purchased with an initial Reservation Fee of -Pph-25,000.00 then 30% Down Payment of -Pph-1,288,177.56 within 30 days and the resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-79,217.56 or payable over 120 equal consecutive monthly installments of -Pph-52,860.99.

Pay Cash; take 20% discount on the contract price. Effective Cash Price -Pph-3,890,896.49 by paying the initial Reservation Fee of -Pph-25,000.00 then within 30 days the net discounted cash purchase price [-Pph-3,865,896.49]

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condotel Suite "Fit-Out" package including all required items of furniture's, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware's, linens etc is now available for One Bedroom Corner Suites ranging from -Pph-721,415.00

One Bedroom Suites are also available through 15 Year Bank Financing with Banco D’Oro Unicapital [BDO] Home Loan Program. Please inquire for quotations.

Lancaster Suites Manila - Tower I
Currently Available - 1 Bedroom Bi-Level [Loft Type] Suite
Philippine Pesos Price Effective: May 6, 2009

One Bedroom Bi-Level Condotel Unit. Floor Area 46.40 square meters [500sqft] Effective Price: -Pph-5,236,886.04 [Tax Inclusive] and may be purchased with a Reservation of -Pph-25,000.00 then 30% Down Payment of -Pph-1,432,689.93 and the resulting net balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-87,935.28 or payable over 120 equal consecutive monthly installments of -Pph-58,678.23.

Pay Cash; take 20% discount on the contract price. Effective Cash Price -Pph-4,319,081.27 by paying the initial Reservation Fee of -Pph-25,000.00 then within 30 days the net discounted cash purchase price [-Pph-4,294,081.27]

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condo Hotel "Fit-Out" package including required items of furniture's, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware's, linens etc is now available for One Bedroom Suites ranging from -Pph-745,623.00.

One Bedroom ‘Loft Type’ Suites are also available through 15 Year Bank Financing with Banco D’Oro Unicapital [BDO] Home Loan Program. Please inquire for quotations.

Lancaster Suites Manila - Tower I
Currently Available – Two Bedroom Podium Condotel Flats
Philippine Pesos Price Effective: May 6, 2009

Two Bedroom Podium Condotel Flat. Floor Area 81.65sqm [880sqft] Effective Price: -Pph-9,215,339.33 [Tax Inclusive] and may be purchased with an initial Reservation of -Pph-25,000.00 then 30% Down Payment of -Pph-2,540,094.45 within 30 days and resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-154,739.57 or payable over 120 equal consecutive monthly installments of -Pph-103,255.98.

Pay Cash; take 20% discount on the contract price. Effective Cash Price -Pph-7,600,279.86. Pay the initial Reservation Fee of -Pph-25,000.00 balance of contract price within 30 days [-Pph-7,575,279.86].

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condo Hotel Suite "Fit-Out" package including all required items of Condo Hotel furniture's, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware's, linens etc is now available for Two Bedroom Suites ranging from -Pph-1,096,253.00.

Two Bedroom Suites are also available through 15 Year Bank Financing with Banco D’Oro Unicapital [BDO] Home Loan Program. Please inquire for quotations.

Lancaster Suites Manila - Tower I
Currently Available – 2 Bedroom Bi-Level [Loft Type] Suite
Philippine Pesos Price Effective: May 6, 2009

Two Bedroom "Bi-Level" Suite. Floor Area 64.33sqm [695sqft] Effective Price: -Pph-7,260,536.18 [Tax Inclusive] and may be purchased with an initial Reservation Fee of -Pph-25,000.00 and 30% Down Payment of -Pph-1,995,973.99 within 30 days and resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-121,915.45 or payable over 120 equal consecutive monthly installments of -Pph-81,352.81.

Pay Cash; take 20% discount on the contract price. Effective Cash Price -Pph-5,988,071.08. Pay the initial Reservation Fee of -Pph-25,000.00 then within 30 days the net discounted cash purchase price [-Pph-5,963,071.08]

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condo Hotel Suite "Fit-Out" package including required items of furniture's, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware's, linens etc is available for Two Bedroom ‘Loft Type’ Suites ranging from -Pph-1,033,076.00

Two Bedroom ‘Loft Type’ Suites are also available through 15 Year Bank Financing with Banco D’Oro Unicapital [BDO] Home Loan Program. Please inquire for quotations.

Lancaster Suites Manila - Tower I
Currently Available – Three Bedroom Podium Condotel Flats
Philippine Pesos Price Effective: May 6, 2009

Three Bedroom Podium Condotel Flat. Floor Area 104.68sqm [1,130sqft] Effective Price -Pph-11,814,595.48 [Tax Inclusive] may be purchased with an initial Reservation Fee of -Pph-25,000.00 and 30% Down Payment within 30 days of -Pph-3,263,598.74 and resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-198,385.03 or payable over 120 equal consecutive monthly installments of -Pph-132,380.11.

Pay Cash; take 20% discount on the contract price. Effective Cash Price -Pph-9,743,996.27. Pay the initial Reservation Fee of -Pph-25,000.00 balance of contract price within 30 days [-Pph-9,718.996.27]

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condotel Suite "Fit-Out" package including all required items of furniture's, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware's, linens etc is now available for Three Bedroom Corner Suites ranging from -Pph-1,399,000.00

Three Bedroom Suites are also available through 15 Year Bank Financing with Banco D’Oro Unicapital [BDO] Home Loan Program. Please inquire for quotations.

Lancaster Suites Manila - Tower I
Currently Available – Three Bedroom Prime “Bi-Level” Suite
Philippine Pesos Price Effective: May 6, 2009

Three Bedroom "Bi-Level" Condotel Suite. Floor Area 79.36sqm [855sqft]. Effective Price: -Pph-8,956,880.95 [Tax Inclusive] may be purchased with an initial Reservation Fee of -Pph-25,000.00 and 30% Down Payment within 30 days of -Pph-2,468,152.43 and resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-150,399.66 or payable over 120 equal consecutive monthly installments of -Pph-100,360.01.

Pay Cash; take 20% discount on Purchase Price. Effective Cash Price -Pph-7,387,118.31. Pay the initial Reservation Fee of -Pph-25,000.00 then within 30 days the net discounted cash purchase price [-Pph-7,362,118.31]

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condotel Suite “Fit-Out” package including all required items of furniture’s, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware’s, linens etc is now available for Three Bedroom Suites ranging from -Pph-1,258,705.00

Three Bedroom ‘Loft Type’ Suites are also available through 15 Year Bank Financing with Banco D’Oro Unicapital [BDO] Home Loan Program. Please inquire for quotations.

Lancaster Suites Manila - Tower I
Currently Available – Three Bedroom Prime “Bi-Level” Penthouse Suite
Philippine Pesos Price Effective: May 6, 2009

Three Bedroom "Bi-Level" Penthouse Suite. Floor Area 125.81sqm [1355sqft]. Effective Price: -Pph-15,156,170.07 [Tax Inclusive] may be purchased with an initial Reservation of -Pph-25,000.00 and 30% Down Payment of -Pph-4,193,727.75 within 30 days and the resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-254.495.15 or payable over 120 equal consecutive monthly installments of -Pph-169,821.77.

Pay Cash; take 20% discount on Purchase Price, Effective Cash Price -Pph-12,449,934.07 by paying the initial Reservation Fee of -Pph-25,000.00 then within 30 days the net discounted cash purchase price [-Pph-12,474,934.07]

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condotel Suite “Fit-Out” package including all required items of furniture’s, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware’s, linens etc is now available for Penthouse Suites ranging from -Pph-1,515,644.00

Further Information, Guidelines, Loan Application Procedures and Application Forms for the Home Loans available from Banco De Oro for Lancaster Suites Tower I Suites can be downloaded from our Website.

Please note these are average floor areas. Actual unit sizes vary from floor to floor. Please note all Unit offers on Cash Basis will be given Priority Reservation Status.

All Lancaster Residential Suites Unit Standard Features Include:

• Vitrified ceramic tiles in living, dining areas
• Ceramic tiles in kitchen and toilet and bath
• Toilets with mechanical ventilation
• Plastered cement walls and ceilings’ with painted finishes
• Provisions for split type air-conditioners

A complete interior of furniture's, furnishings and appliances package designed for Condotel unit specifications is available at additional charge for clients intending to join the Lancaster Rental Pool

For a Copy of the Lancaster Suites Slide Show 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: plcsales@pldtdsl.net
Email: plcmarketing@lancastersuites.com
Web: http://www.lancastersuites.com
Web: http://www.condotel-manila.com

Lancaster Cebu Condotel Sinulog Fiesta 2010 Weekend Special Promo

Travelers to Cebu may now avail of all inclusive Sinulog weekend special package rates at Lancaster Cebu Resort Residences who offer newly renovated Fully Furnished Studio and Two Bedroom units located in Mactan, Cebu... a few minutes from the Mactan-Cebu International Airport, on daily, weekly, monthly or yearly rental terms.

The country’s biggest, grandest and most anticipated festival is set to take center stage once again next year —the Sinulog Festival 2010. Sinulog festival is the country’s biggest pageantry of sights, sounds and colors as it honors and pays homage to the patron saint of Cebu, the child Jesus - Sr. Sto. Niño. Aside from the main spectacle which is the Sinulog Grand Parade on January 18, there are also other activities lined up by the Cebu City Government and the Sinulog Foundation until the grand highlights of the festival from January 9-18, 2010.

Lancaster Cebu is offering special Sinulog 2010 weekend package promos for guests checking in on Saturday [January 16] with departure on Tuesday [January 19]. Three night/four day stays in Studio suites for 2 persons run from $285 whilst three night/four day stays in Two Bedroom suites for 4 persons run from $435.

Sinulog weekend promo rates include Welcome Drinks, Breakfast [Saturday/Sunday/Monday/Tuesday], Dinner [Saturday/Sunday/Monday nights], Complimentary Use of Swimming Pools 06.00am – 10.00pm, Complimentary Car Parking, Complimentary Wi-Fi Internet Access at the Pool Bar, Complimentary Wi-Fi Internet Access for selected Suites, Complimentary shuttle service from Hotel to and from Cebu-Mactan International & Domestic Airports.

Lancaster Cebu Resort Residences, located a mere 3 minutes from Mactan-Cebu International Airport, provides you with easy access to all the essentials of urban living. This ideal location will complement the Condotel operation since Lancaster Cebu will function as a condominium hotel – a preferred accommodation choice of businessmen and holiday travelers alike. Clients can either purchase Condotel Suites for investment purposes or lease the units on weekly, monthly or yearly basis.

All rooms are fully air-conditioned, fully furnished with queen-size beds and have equipped kitchen facilities including microwave oven, stove and refrigerator. En-suite Bathrooms have Shower/Bathtubs and hot/cold running water. All rooms have Wi-Fi internet access and Cable TV. Studio Suites are available for double/single occupancy and have queen-size beds. Two Bedroom Apartments have two bathrooms and two queen-size beds for 2-4 person occupancy.

SPECIAL PROMO INTERNET ROOM RATES [TAX INCLUSIVE]
Effective from October 1, 2009 – December 30, 2009
[Prices are quoted in Philippine Pesos]

STUDIO [2 Persons]

Daily Rate Pesos: 2,203.50 [Pesos: 2,353.50 With Set B/Fast]
Weekly Rate Pesos: 12,616.45 [Pesos: 13,666.45 With Set B/Fast]
Monthly Rate Pesos: 38,985.00 [Pesos: 43,485.00 With Set B/Fast]
Yearly Contract Rate Pesos: 32,205.00 [per month with utilities]
Yearly Contract Rate Pesos: 26,600.00 [per month without utilities]

TWO-BEDROOM SUITE [4 Persons]

Daily Rate Pesos: 4,101.90 [Pesos: 4,401.90 With Set B/Fast]
Weekly Rate Pesos: 22,701.70 [Pesos: 24,801.70 With Set B/Fast]
Monthly Rate Pesos: 59,325.00 [Pesos: 68,325.00 With Set B/Fast]
Yearly Contract Rate Pesos: 44,070.00 [per month with utilities]
Yearly Contract Rate Pesos: 36,900.00 [per month without utilities]

SPECIAL PROMO INTERNET ROOM RATES [TAX INCLUSIVE]
Effective from December 31, 2009 – June 30, 2010
[Prices are quoted in Philippine Pesos]

STUDIO [2 Persons]

Daily Rate Pesos: 2,340.00 [Pesos: 2,490.00 With Set B/Fast]
Weekly Rate Pesos: 13,923.00 [Pesos: 14,973.00 With Set B/Fast]
Monthly Rate Pesos: 42,120.00 [Pesos: 46,620.00 With Set B/Fast]
Yearly Contract Rate Pesos: 39,000.00 [per month with utilities]
Yearly Contract Rate Pesos: 29,600.00 [per month without utilities]

TWO-BEDROOM SUITE [4 Persons]

Daily Rate Pesos: 4,200.00 [Pesos: 4,500.00 With Set B/Fast]
Weekly Rate Pesos: 24,990.00 [Pesos: 27,090.00 With Set B/Fast]
Monthly Rate Pesos: 69,257.00 [Pesos: 78,257.00 With Set B/Fast]
Yearly Contract Rate Pesos: 55,468.00 [per month with utilities]
Yearly Contract Rate Pesos: 42,900.00 [per month without utilities]

All rates quoted are fully inclusive of 13% government taxes. There are no security deposits or advances payable except for yearly leases. Weekly Rates are based upon 7 nights. Monthly/Yearly rates are based upon 30 night months. Additional nights are charged at the pro-rated weekly or monthly nightly rate. All rates apply to single or double occupancy. Children below 12 without extra bed are free of charge when sharing room with adults. Baby cribs available upon request. These rates may be changed without prior notice.

Inclusions:

* Complimentary Use of Swimming Pools 06.00am – 10.00pm
* Complimentary Car Parking [One Slot/room for In-House Guest only] Non-hotel guest -Pph-20.00/hour
* Complimentary Wi-Fi Internet Access at the Pool Bar
* Complimentary Wi-Fi Internet Access for selected Suites
* Complimentary shuttle service from Hotel to and from Cebu-Mactan International & Domestic Airports
* All rooms have Cable TV
* All units have kitchen facilities and basic appliances [Micro-Wave Oven, Refrigerator, Gas Range]
* Room Rates are inclusive of twice a week housekeeping service, i.e., room make-up and linen change.
* Utilities, i.e. electricity and water, including monthly condo dues are all inclusive on daily/weekly and monthly rates however are charged separately for yearly leases.

Other Services:

* A la Carte Breakfast charged from -Pph-150.00 per pax
* Room Service 06.00am – 10.00pm
* Business Center 07.00am – 10.00pm

For your Reservation simply send us an email with the dates you will be staying. We do not require any advance deposit for reservations. We do not charge any security deposits. Payment can be made in cash/credit card upon check in.

Airport transfers - pickup is complimentary.

Beth Collingz
Director - PLC International Marketing Networks
Pacific Concord Properties Inc - Branch Office
Lancaster Cebu Resort Residences
Lapu-Lapu City, Mactan. Cebu.
Tel: [Cebu 63 32] 340 0721
Email: plcsales@lancastersuites.com
Website: http://www.lancastersuites.com
Website: http://www.condotel-rentals.com

Lancaster Cebu Airport Transit Condo Hotel rates announced

Lancaster Cebu Condo Hotel has announced a new hourly room rate to provide flexibility for transit travelers and to position itself as a leading transit hotel in Mactan, Cebu.

Available immediately, Lancaster Cebu Condotel is offering accommodation on a minimum stay of four hours at the rate of Pesos: 799.00 [USD 16.00] or six hours at the rate of Pesos: 1,080.00 [USD 22.00] An additional hour will be charged at Pesos: 200.00 [USD 4.00] per hour up to a maximum of eight hours per stay. Check-in and shuttle bus to the hotel is available 24 hours a day.

Beth Collingz, overseas sales director PLC International and lead marketing partners for the Lancaster brand of Condo Hotels in the Philippines said “We are constantly looking for ways to improve our products and services to provide more options for our guests. We realize how tiring and stressful travelling can be, especially with long transit hours. The hotel is now ready to escalate our service beyond any regular mid-scale hotel and exhibit what an airport hotel really is. Our guests can be assured that they will continue to receive the same level of services regardless of the length of their stay”

Lancaster Cebu Condo Hotel, located a mere 3 minutes from Mactan-Cebu International Airport, services domestic flights from most major cities within the Philippines including Philippine Airlines, PAL Express, Cebu Pacific, Zest Air and Air Philippines to and from Manila, Clark-Angeles City, Legaspi City, Bacolod, Iloilo, Roxas City, Tacloban, Siargao, Kalibo, Cagayan D’Oro City, Surigao, Butuan, Cotobato, Davao City, General Santos, Ozamis City, Zamboanga City and Philippine Airlines, Cathay Pacific, Asiana Airlines, Malaysian Airlines, Singapore Airlines, Korean Airlines, Qatar Airlines and Silkair international flights to and from Amsterdam, Frankfurt, Bangkok, Macau, Singapore, Jakarta, Hong Kong, Tokyo, Kota Kinabalu, Seoul, Pusan and Doha, Qatar. Philippine Airlines will soon commence direct San Francisco – Cebu flights. There are also chartered flights from Inchon, Taipei, Kansai, Nagoya and Kaohsiung that arrive on a regular basis.

Cebu is identified by Asiaweek and Conde Nast Traveller as one of Asia’s Best Cities. provides you with easy access to all the essentials of urban living. This ideal location will complement the Condotel operation since Lancaster Cebu will function as a condominium hotel – a preferred accommodation choice of businessmen and holiday travelers alike.

All rooms are fully air-conditioned, fully furnished with queen-size beds and have equipped kitchen facilities including microwave oven, stove and refrigerator. En-suite Bathrooms have Shower/Bathtubs and hot/cold running water. All rooms have Wi-Fi internet access and Cable TV. Studio Suites are available for double/single occupancy and have queen-size beds. Two Bedroom Apartments have two bathrooms and two queen-size beds for 2-4 person occupancy.

Cebu Airport Transit Room Rate Promo
Effective from October 1, 2009 – March 31, 2010

Studio Suite: Php 799.00 nett (Room Rate for 4 hours)
Studio Suite: Php 1,080.00 nett (Room Rate for 6 hours)

Two Bedroom Suite: Php 1,400.00 nett (Room Rate for 4 hours)
Two Bedroom Suite: Php 1,800.00 nett (Room Rate for 6 hours)

An additional Php 200.00 nett shall be added on succeeding hours

Rates include:

24-Hour Reception
Pool Bar Cafe
Complimentary use of the swimming pool
Complimentary Airport transfers
Rates are inclusive of all applicable government taxes
Subject to Room Availability

For your Reservation simply send us an email with the dates you will be staying. We do not require any advance deposit for reservations. We do not charge any security deposits. Payment can be made in cash/credit card upon check in.

Beth Collingz
Director - PLC International Marketing Networks
Pacific Concord Properties Inc - Branch Office
Lancaster Cebu Resort Residences
Lapu-Lapu City, Mactan. Cebu.
Tel: [Cebu 63 32] 340 0721
Email: plcsales@lancastersuites.com
Website: http://www.lancastersuites.com
Website: http://www.condotel-cebu.com
Website: http://www.condotel-rentals.com

Philippine Buy to Let Condo Hotel Investment | Lancaster Suites Manila Ready Occupancy Condotel Suites

Ready Occupancy Fully Furnished Buy to Let Condotel Units with 10 Year Payment Terms available at Lancaster Suites Tower I Manila. Shaw Boulevard. Metro Manila

Lancaster Suites Tower I Manila. Shaw Boulevard. Metro Manila
Available Ready Occupancy Condotel Units [Semi Fitted Suites]
Update August 16, 2009 [Manila 6.00pm]

Pacific Concord Properties, Inc., Flagship Lancaster Suites Tower I Condotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila, one of the hottest Philippine Condotel Investments Now Ready for Occupancy

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.

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.

Great Investment for Fil-Am's whom visit Manila for Vacations or Business as they can earn Rental Incomes [at current purchase levels] of some 8%-14% ROI per annum as Owner Non-Residents when not using their units through Condotel Management and reciprocal arrangement with Lancaster Cebu Resort Residences. This makes Lancaster Suites one of the Hottest Investment Opportunities in the Philippines.

All units at the Lancaster Suites have kitchen facilities. The standard unit price provides for the suite to be semi-finished but not fully furnished. Included in the current price are the interior finishing’s such as tiled & semi-fitted bathrooms, bedrooms with simulated wood plank flooring, semi-fitted living and dining area with simulated wood plank floorings and lower kitchen cabinets/work tops installed. Walls and ceilings are painted cement finish. A complete optional extra interior fit-out package including unit fittings and fixtures, furniture’s, furnishings, air-conditioning, lighting fixtures and appliances are available. Monthly condo dues or maintenance fees are currently around 85 pesos/square meter of the unit floor area/month.

Prospective or existing unit buyers may avail of up to 15 year mortgages for the purchase of all Lancaster Suites Tower I Condotel units with minimum equity of 50%.

Banco De Oro (BDO) a commercial Bank in Metro Manila has approved a buyer's financing or mortgage plans for Lancaster Suites Tower I Manila Condotel units. The new financing scheme, providing Philippine Mortgages to Foreign Nationals married to Filipino Citizens residing overseas for the purchase Condotel units in the Philippines, is now available to unit owners (Filipinos, Filipino-Americans and Foreign Nationals alike) whom are looking to purchase a Condo Hotel Suite or refinance their investments through BDO's Home Loan

Lancaster Tower I Buyers can take advantage of this offer to free up some cash as well as to finance the fit-out of their units in the condotel pool or their business set up requirements in their commercial units or purchase preconstruction units in the new Lancaster Atrium Manila Condotels

Lancaster Suites Manila - Tower I
Currently Available - Studio Suites
Philippine Pesos Price Effective: May 6, 2009

Studio Condotel Suite. Floor Area 27.49sqm [295sqft] Price: -Pph-3,102,629.25 [Tax Inclusive] and may be purchased with an initial Reservation Fee of -Pph-25,000.00 then 30% Down Payment of -Pph-838,618.45 payable within 30 days and the resulting balance [with interest applied at 14% per annum] may be payable over 60 equal consecutive monthly installments of -Pph-52,097.86 or payable over 120 equal consecutive monthly installments of -Pph-34,764.32.

Pay Cash; take 20% discount on the contract price plus cash price Tax Savings of -Pph-817,924.30. Effective Cash Price -Pph-2,284,704.90 [Tax Exempt]. Pay the initial Reservation Fee of -Pph-25,000.00 then balance of the net discounted contract price within 30 days [-Pph-2,259,704.90].

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condo Hotel Suite "Fit-Out" package including all required items of Condo Hotel furniture's, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware's, linens etc is now available for Studio Suites ranging from -Pph-480,385.00

Studio Suites are also available through 15 Year Bank Financing with Banco D’Oro Unicapital [BDO] Manila Home Loan Program. Please inquire for quotations.

Lancaster Suites Manila - Tower I
Currently Available - 1 Bedroom Corner Suite
Philippine Pesos Price Effective: May 6, 2009

One Bedroom Condotel Suite. Floor Area 41.80sqm [450sqft] Effective Price -Pph-4,717,711.99 [Tax Inclusive] and may be purchased with an initial Reservation Fee of -Pph-25,000.00 then 30% Down Payment of -Pph-1,288,177.56 within 30 days and the resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-79,217.56 or payable over 120 equal consecutive monthly installments of -Pph-52,860.99.

Pay Cash; take 20% discount on the contract price. Effective Cash Price -Pph-3,890,896.49 by paying the initial Reservation Fee of -Pph-25,000.00 then within 30 days the net discounted cash purchase price [-Pph-3,865,896.49]

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condotel Suite "Fit-Out" package including all required items of furniture's, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware's, linens etc is now available for One Bedroom Corner Suites ranging from -Pph-721,415.00

One Bedroom Suites are also available through 15 Year Bank Financing with Banco D’Oro Unicapital [BDO] Home Loan Program. Please inquire for quotations.

Lancaster Suites Manila - Tower I
Currently Available - 1 Bedroom Bi-Level [Loft Type] Suite
Philippine Pesos Price Effective: May 6, 2009

One Bedroom Bi-Level Condotel Unit. Floor Area 46.40 square meters [500sqft] Effective Price: -Pph-5,236,886.04 [Tax Inclusive] and may be purchased with a Reservation of -Pph-25,000.00 then 30% Down Payment of -Pph-1,432,689.93 and the resulting net balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-87,935.28 or payable over 120 equal consecutive monthly installments of -Pph-58,678.23.

Pay Cash; take 20% discount on the contract price. Effective Cash Price -Pph-4,319,081.27 by paying the initial Reservation Fee of -Pph-25,000.00 then within 30 days the net discounted cash purchase price [-Pph-4,294,081.27]

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condo Hotel "Fit-Out" package including required items of furniture's, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware's, linens etc is now available for One Bedroom Suites ranging from -Pph-745,623.00.

One Bedroom ‘Loft Type’ Suites are also available through 15 Year Bank Financing with Banco D’Oro Unicapital [BDO] Home Loan Program. Please inquire for quotations.

Lancaster Suites Manila - Tower I
Currently Available – Two Bedroom Podium Condotel Flats
Philippine Pesos Price Effective: May 6, 2009

Two Bedroom Podium Condotel Flat. Floor Area 81.65sqm [880sqft] Effective Price: -Pph-9,215,339.33 [Tax Inclusive] and may be purchased with an initial Reservation of -Pph-25,000.00 then 30% Down Payment of -Pph-2,540,094.45 within 30 days and resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-154,739.57 or payable over 120 equal consecutive monthly installments of -Pph-103,255.98.

Pay Cash; take 20% discount on the contract price. Effective Cash Price -Pph-7,600,279.86. Pay the initial Reservation Fee of -Pph-25,000.00 balance of contract price within 30 days [-Pph-7,575,279.86].

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condo Hotel Suite "Fit-Out" package including all required items of Condo Hotel furniture's, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware's, linens etc is now available for Two Bedroom Suites ranging from -Pph-1,096,253.00.

Two Bedroom Suites are also available through 15 Year Bank Financing with Banco D’Oro Unicapital [BDO] Home Loan Program. Please inquire for quotations.

Lancaster Suites Manila - Tower I
Currently Available – 2 Bedroom Bi-Level [Loft Type] Suite
Philippine Pesos Price Effective: May 6, 2009

Two Bedroom "Bi-Level" Suite. Floor Area 64.33sqm [695sqft] Effective Price: -Pph-7,260,536.18 [Tax Inclusive] and may be purchased with an initial Reservation Fee of -Pph-25,000.00 and 30% Down Payment of -Pph-1,995,973.99 within 30 days and resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-121,915.45 or payable over 120 equal consecutive monthly installments of -Pph-81,352.81.

Pay Cash; take 20% discount on the contract price. Effective Cash Price -Pph-5,988,071.08. Pay the initial Reservation Fee of -Pph-25,000.00 then within 30 days the net discounted cash purchase price [-Pph-5,963,071.08]

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condo Hotel Suite "Fit-Out" package including required items of furniture's, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware's, linens etc is available for Two Bedroom ‘Loft Type’ Suites ranging from -Pph-1,033,076.00

Two Bedroom ‘Loft Type’ Suites are also available through 15 Year Bank Financing with Banco D’Oro Unicapital [BDO] Home Loan Program. Please inquire for quotations.

Lancaster Suites Manila - Tower I
Currently Available – Three Bedroom Podium Condotel Flats
Philippine Pesos Price Effective: May 6, 2009

Three Bedroom Podium Condotel Flat. Floor Area 104.68sqm [1,130sqft] Effective Price -Pph-11,814,595.48 [Tax Inclusive] may be purchased with an initial Reservation Fee of -Pph-25,000.00 and 30% Down Payment within 30 days of -Pph-3,263,598.74 and resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-198,385.03 or payable over 120 equal consecutive monthly installments of -Pph-132,380.11.

Pay Cash; take 20% discount on the contract price. Effective Cash Price -Pph-9,743,996.27. Pay the initial Reservation Fee of -Pph-25,000.00 balance of contract price within 30 days [-Pph-9,718.996.27]

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condotel Suite "Fit-Out" package including all required items of furniture's, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware's, linens etc is now available for Three Bedroom Corner Suites ranging from -Pph-1,399,000.00

Three Bedroom Suites are also available through 15 Year Bank Financing with Banco D’Oro Unicapital [BDO] Home Loan Program. Please inquire for quotations.

Lancaster Suites Manila - Tower I
Currently Available – Three Bedroom Prime “Bi-Level” Suite
Philippine Pesos Price Effective: May 6, 2009

Three Bedroom "Bi-Level" Condotel Suite. Floor Area 79.36sqm [855sqft]. Effective Price: -Pph-8,956,880.95 [Tax Inclusive] may be purchased with an initial Reservation Fee of -Pph-25,000.00 and 30% Down Payment within 30 days of -Pph-2,468,152.43 and resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-150,399.66 or payable over 120 equal consecutive monthly installments of -Pph-100,360.01.

Pay Cash; take 20% discount on Purchase Price. Effective Cash Price -Pph-7,387,118.31. Pay the initial Reservation Fee of -Pph-25,000.00 then within 30 days the net discounted cash purchase price [-Pph-7,362,118.31]

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condotel Suite “Fit-Out” package including all required items of furniture’s, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware’s, linens etc is now available for Three Bedroom Suites ranging from -Pph-1,258,705.00

Three Bedroom ‘Loft Type’ Suites are also available through 15 Year Bank Financing with Banco D’Oro Unicapital [BDO] Home Loan Program. Please inquire for quotations.

Lancaster Suites Manila - Tower I
Currently Available – Three Bedroom Prime “Bi-Level” Penthouse Suite
Philippine Pesos Price Effective: May 6, 2009

Three Bedroom "Bi-Level" Penthouse Suite. Floor Area 125.81sqm [1355sqft]. Effective Price: -Pph-15,156,170.07 [Tax Inclusive] may be purchased with an initial Reservation of -Pph-25,000.00 and 30% Down Payment of -Pph-4,193,727.75 within 30 days and the resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-254.495.15 or payable over 120 equal consecutive monthly installments of -Pph-169,821.77.

Pay Cash; take 20% discount on Purchase Price, Effective Cash Price -Pph-12,449,934.07 by paying the initial Reservation Fee of -Pph-25,000.00 then within 30 days the net discounted cash purchase price [-Pph-12,474,934.07]

For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condotel Suite “Fit-Out” package including all required items of furniture’s, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware’s, linens etc is now available for Penthouse Suites ranging from -Pph-1,515,644.00

Further Information, Guidelines, Loan Application Procedures and Application Forms for the Home Loans available from Banco De Oro for Lancaster Suites Tower I Suites can be downloaded from our Website.

Please note these are average floor areas. Actual unit sizes vary from floor to floor. Please note all Unit offers on Cash Basis will be given Priority Reservation Status.

All Lancaster Residential Suites Unit Standard Features Include:

• Vitrified ceramic tiles in living, dining areas
• Ceramic tiles in kitchen and toilet and bath
• Toilets with mechanical ventilation
• Plastered cement walls and ceilings’ with painted finishes
• Provisions for split type air-conditioners

A complete interior of furniture's, furnishings and appliances package designed for Condotel unit specifications is available at additional charge for clients intending to join the Lancaster Rental Pool

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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: plcsales@pldtdsl.net
Email: plcmarketing@lancastersuites.com
Web: http://www.lancastersuites.com
Web: http://www.condotel-manila.com