Saturday, March 22, 2008

Pacific Concord Properties Inc’s Overseas Clients can now pay for their Lancaster Suites Manila, Lancaster Condotel Investments in AUD, CAD and GBP

Pacific Concord Properties Inc’s Overseas Clients can now pay for their Lancaster Suites Manila, Lancaster Atrium Manila and Lancaster Cebu Condotel units in Australian Dollar [AUD], Canadian Dollar [CAD], Euros [EUR] and Pounds Sterling [GBP] making Lancaster Condotel investments in the Philippines much easier and with less hassle

With current liberalization of the Philippine Monetary system in line with global economic trends and the subsequent introduction by major Banks of Multi-currency accounts in a shift away from US Dollar denominated foreign exchange, please be informed that in order to provide a continuing improved service to our growing number of clients from the UK, Canada and Australia and to make the mode of payment easier and more convenient for our overseas buyers, Pacific Concord Properties Inc has opened accounts in Australian Dollar, Canadian Dollar and Euros and are currently in the process of opening UK Pound Sterling accounts with Bank of Philippine Islands (BPI) in Manila.

As such, buyers from the UK, Australia and Canada can now issue their local personal or company checks drawn on their regular bank for reservation fees and monthly installment payments and send fund transfers in their local currencies for all down payment requirements or account partial lump sum payments and balances.

For reservations and monthly installment payments, checks shall be issued payable to Pacific Concord Properties, Inc (PCPI). Clearing of the overseas checks [for collection] will take about 45 to 60 banking days. Upon clearing of the checks or receipt of remittances, PCPI will convert the foreign currencies to Philippine Pesos (PHP) at prevailing exchange rate and apply the same as payments for the unit(s) purchased.

For down payments, account partial lump sum payments and balances overseas clients may send wire or telegraphic fund transfers in Euros, UK Pound Sterling, Australian or Canadian Dollars directly to the appropriate accounts with Bank of the Philippine Islands in Manila.

Beth Collingz, PLC International Marketing Networks Sales Director and lead international marketing partner with Pacific Concord Properties Inc for the Lancaster Brand of Condotels in the Philippines said the new banking arrangements for the company now allows our clients in the UK for example to send their own personal GBP [Pound Sterling] checks drawn on local accounts with Barclays or NatWest Banks to the Philippines as payment for their monthly installments rather than having to make costly telegraphic or wire transfers in currency.

PLC International deal exclusively with overseas investors for the sale of Lancaster Suites Manila, Lancaster – The Atrium Manila and Lancaster Cebu Resort Residences condotel investments in the Philippines.

For current exchange rates and find transfer assistance please do not hesitate to contact us.

Beth Collingz- Director
PLC International Marketing Networks
Pacific Concord Properties Inc., Head Office Manila
Lancaster Suites. 2/F JTIC Building.
622 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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