Wednesday, March 28, 2007

Lancaster The Atrium Tower A, introduces a revised 12 year payment plan option for Condotel Suites:

Lancaster The Atrium Tower A Condotel Suites are now available on a 12 year Payment Plan

Reservation Fee: Pesos 25,000 or USD 500 per unit for residential units and parking slots and Pesos: 50,000 or USD 1,000 per 50 sqm or a fraction thereof for commercial and office units.

No Down payment required

35% payable in 48 equal monthly installments without interest.

15% payable in 4 equal annual installments without interest, payable on the 12th, 24th, 36th and 48th month in addition to the regular monthly installments.

50% payable in 96 equal monthly installments (from 49th to 144th month) with interest at 18% per annum.

Lock-in Period: Eight (8) years.

Other Conditions: All installments shall be covered by post dated checks. Upon signing of the contract to sell the buyer shall issue at least twenty six (26) post dated checks covering the first 24 monthly installments and the 2 annual lump sums.

Buyers who cannot issue acceptable post dated checks cannot avail of this payment term.

The above payment term has a lock-in period of eight (8) years. This means that during the first 8 years, buyers cannot change the payment plan. Partial payments, prepayments, and any change in the terms and conditions of the payment plan are not allowed.

Moreover, submission of the post dated checks is an integral requirement of this payment plan. As such, buyers who cannot issue post dated checks or those who wish to pay through telegraphic transfers cannot avail of this payment plan.

Further information may be obtained from:

Beth Collingz
PLC International Marketing Networks
Pacific Concord Properties Inc
Lancaster Suites Manila

Edited by - PLCMarketing on 03/28/2007 2:02:26 PM

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