Sunday, October 28, 2007

Lancaster Suites Tower I Condotel [RFO December] One Bedroom Bi-Level Condo in the Philippines For Sale

Lancaster Suites Tower I, located along Shaw Boulevard, Metro Manila, to be completed and ready for turnover during the latter part of 2007, will provide 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 will be available towards the time the units are closer to being completed. Monthly condo dues or maintenance fees are currently around 80 pesos/square meter of the unit floor area/month.

Currently Available - 1 Bedroom Bi-Level [Loft Type] Prime Suite
Philippine Pesos Price: October 28, 2007

Lancaster Suites Manila One Bedroom Bi-Level "Loft Type" Unit. This prime overlooking the Swimming Pool deck has a Floor Area of 46.40 square meters [500sqft] currently at Philippine Pesos: -Pph-90,594.56/sqm. Total Contract Price: -Pph-4,203,587.58 [Including Tax] may be purchased with minimum 50% Down Payment of -Pph-2,101,793.79 and balance payable over 12 equal consecutive monthly installments of -Pph-175,149.50. Interest Free.

This unit may be purchased on Cash Basis only. Take a 10% discount on Contract Price, Save -Pph-420,358.75 Pay a down payment of 90% [-Pph-3,404,905.90] and the remaining 10% cash balance [-Pph-378,322.90] on unit turnover from December 2007.

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 ‘Loft Type’ Suites ranging from USD -Pph-650,000.00 and are available through our 'In-house' finance payable over 1-2 years with minimum 20% down payment.

One Bedroom ‘Loft Type’ Suites are also available through 15 Year Bank Financing.

Banco de Oro’s Lancaster Suites Home Loan Program, that is available to Foreign Nationals and Filipinos alike, requires a minimum 30% equity [-Pph-1,261,076.20] plus for those clients enrolling their units in the Condo Hotel Rental Pool, payment of the ‘Fit-Out’ package [-Pph-650,000.00] then the remaining balance [-Pph-2,942,511.30] may be financed over 15 years [at 11.5%] with a monthly repayment of -Pph-34,380.00

Banco De Oro (BDO) a commercial Bank in Metro Manila has just approved a buyer's financing or mortgage plans for Lancaster Suites Tower I Manila Condotel units. The new financing scheme, a first providing Philippine Mortgages to Foreign Nationals residing overseas for 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.

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 on

You can see Exterior photos of the Lancaster Suites current development on

And interior photo of the Lancaster Suites Studio & One Bedroom Suites on

For Copy of the Lancaster Suites Slide Show Presentation copy and paste the following directly into your browser:

PLC International Marketing Networks
Pacific Concord Properties Inc., Head Office
Shaw Boulevard, Mandaluyong City.
Metro Manila. Philippines
Phone: Manila [632] 717 1958
Fax: Manila [632] 718 1828

Pacific Concord Properties Inc., Cebu Office
Lapu-Lapu City, Mactan. Cebu. Philippines
Phone: Cebu [6332] 340 0721
Fax: [6332] 495 4938

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