Wednesday, April 02, 2008

Philippine Condo Hotel Lancaster Suites Manila Tower I Announce 17% Price Increase Effective April 16, 2008

Philippine Condo Hotel Lancaster Suites Manila Tower I Announce 17% Price Increase Effective April 16, 2008. Book Reserved Units Now At the Current Price. Ready for Occupancy & Condotel Operations

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. We are looking at 17% price increases within the next 30 days on all our inventories of Condo Hotel units at Lancaster Suites and Lancaster Atrium Manila. Buyers whom reserve now can take advantage of current prices locked in for their units and see an immediate equity return on their investment.

With these price adjustments Studio Suites will be priced from Pesos: 93,888.00/sqm whilst One, Two and Three Bedroom will run from Pesos: 105,154.56/sqm effective April 16, 2008

We are currently have Studio, One Bedroom and Two Bedroom Suites for sale on the upper floors ready for Occupancy at Lancaster Suites [Manila] Tower I Shaw Boulevard, Metro Manila.

All purchase contracts for Lancaster Suites are denominated in Philippine Pesos [PHP] and may be paid in US Dollars at prevailing USD/PPH exchange rates on payment.

Prospective or existing qualified unit buyers may avail of up to 15 year mortgages for the purchase of Lancaster Suites Tower I Condotel units with minimum equity of 30% through Bank Financing.

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, 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

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 Reservations Executive Suite….

Currently Available – Studio Suites
Philippine Pesos Price: February 1, 2008

Lancaster Suites Tower I Manila Executive Studio Suites. Overlooking Ortigas Center across Pasig towards Laguna de Bay and Antipolo Hills on the horizon with Floor Area of 27.49 square meters [295sqft] currently priced at Philippine Pesos: -Pph-80,888.00/sqm. Total Contract Price: -Pph-2,223,611.12 [Tax Exempt] and may be purchased with a Reservation Fee of -Pph- 25,000.00 then 30% Down Payment of -Pph-659,583.34 within 30 days and the resulting balance payable over 12 equal consecutive monthly installments of -Pph-128,252.32. Interest Free. Terms of payment on selected Suites may be extended to 24 months upon request.

Alternatively, Pay Cash and take a 10% discount on the Contract Price. Save -Pph-222,361.10 Pay a Reservation of -Pph-25,000.00 then 90% of the contract price within 30 days [-Pph-1,778,625.01] and the remaining 10% balance [-Pph-197,625.00] on unit turnover ….

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 Studio Suites ranging from -Pph-403,715.00 and are available through our 'In-house' finance payable over 1-2 years with minimum 20% downpayment.

Studio 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-659,583.34] plus for those clients enrolling their units in the Condo Hotel Rental Pool, payment of the ‘Fit-Out’ package [-Pph-403,715.00] then the remaining balance [-Pph-1,539,027.80] may be financed over 15 years [at 11.5%] with a monthly repayment of -Pph-17,982.00

Lancaster Suites Tower I Available Studio Suite

1503 [15th Floor]
Studio Suite
27.49sqm/295sqft
Pesos: 2,223,611.12
Overlooking Mandaluyong/Makati View

1511 [15th Floor]
Studio Suite
27.23sqm/293sqft
Pesos: 2,202,580.24
SOLD - Under Contract

2203 [22nd Floor]
Studio Suite
27.49sqm/295sqft
Pesos: 2,223,611.12
Overlooking Mandaluyong/Makati View

2504 [25th Floor]
Studio Suite
27.23sqm/293sqft
Pesos: 2,202,580.24
Overlooking Mandaluyong/Makati View

Lancaster Suites Manila Tower I Reservations One Bedroom Executive Suite….

Currently Available – 1 Bedroom Prime “Corner” Suite
Philippine Pesos Price: February 1, 2008

Lancaster Suites Manila One Bedroom "Corner Suite". This prime unit is a Corner Suite Facing Morning Sun and is overlooking Ortigas Center across Boni, Mandaluyong has a Floor Area of 41.69 square meters [450sqft] currently at Philippine Pesos: -Pph-90,594.56/sqm. Total Contract Price: -Pph-3,776,887.21 [Including Tax] may now be purchased with a Reservation of -Pph-25,000.00 and within 30 days a minimum 30% Down Payment of -Pph-1,125,566.16 and balance payable over 12 equal consecutive monthly installments of -Pph-218,860.09. Interest Free. Terms of payment on selected Suites may be extended to 24 months upon request.

Alternatively, Pay Cash, and take a full 10% discount on Contract Price. Save -Pph-377,688.72 by paying the Reservation Fee of -Pph-25,000.00 then within 30 days 90% [-Pph-3,036,778.64] and the remaining 10% cash balance [-Pph-337,419.85] on unit turnover.

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 USD -Pph-604,000.00 and are available through our 'In-house' finance payable over 1-2 years with minimum 20% downpayment.

One Bedroom 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-1,125,566.16] plus for those clients enrolling their units in the Condo Hotel Rental Pool, payment of the ‘Fit-Out’ package [-Pph-604,000.00] then the remaining balance [-Pph-2,626,321.00] may be financed over 15 years [at 11.5%] with a monthly repayment of -Pph-30,686.00

Lancaster Suites Tower I Available One Bedroom Suite

613 [6th Floor]
1Br Corner Suite
46.33sqm/500sqft
Pesos: 4,197,245.96
Overlooking Swimming Pool Deck

1002 [10th Floor]
1Br Corner Suite
41.69sqm/450sqft
Pesos: 3,776,887.21
SOLD - Under Contract

Lancaster Suites Manila Tower I Reservations One Bedroom Loft Type Suite

Currently Available – 1 Bedroom Prime “Bi-Level” Suite
Philippine Pesos Price: February 1, 2008

Lancaster Suites Manila One Bedroom Bi-Level "Loft Type" Unit. This prime unit overlooking the Swimming Pool deck has a Floor Area of 46.40 square meters [500sqft] and is currently priced 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. Terms of payment on selected Suites may be extended to 24 months upon request.

This One Bedroom Bi-Level unit may also be purchased on Cash Basis. 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.

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, available to Foreign Nationals and Filipinos alike, requires minimum 30% equity [-Pph-1,261,076.20] plus for those clients enrolling units in the Condo Hotel Rental Pool, payment of the Condotel ‘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 monthly repayment of -Pph-34,380.00

Lancaster Suites Tower I Available One Bedroom Loft Type Suite

2700 [27th Floor]
1Br Loft Type Suite
46.40sqm/500sqft
Pesos: 4,203,587.58
Overlooking Swimming Pool Deck

Lancaster Suites Manila Tower I Reservations Two Bedroom Loft Type Suite….

Currently Available – Two Bedroom Prime “Bi-Level” Suite
Philippine Pesos Price: February 1, 2008

Lancaster Suites Tower I Two Bedroom "Bi-Level" Suite. Prime units overlooking Makati/Mandaluyong City. Floor Area 64.33 square meters [695sqft]. Total Contract Price: -Pph-5,827,948.04 [Including Tax] may now be purchased with a Reservation of -Pph-25,000.00 and within 30 days a [minimum] 30% Down Payment of -Pph-1,740,884.41 and balance payable over 12 equal consecutive monthly installments of -Pph-338,505.30. Interest Free. Terms of payment on selected Suites may be extended to 24 months upon request.

Alternatively, Pay Cash, and take a full 10% discount on Contract Price. Save -Pph-582,794.80 by paying the Reservation Fee of -Pph-25,000.00 then within 30 days 90% [-Pph-4,698,137.91] and the remaining 10% cash balance [-Pph-522,015.32] on unit turnover.

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 Two Bedroom Corner Suites ranging from USD -Pph-954,425.50 and are available through our 'In-house' finance payable over 1-2 years with minimum 20% downpayment.

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

Banco de Oro’s Lancaster Suites Home Loan Program, available to Foreign Nationals and Filipinos alike, requires minimum 30% equity [-Pph-1,740,884.41] plus for those clients enrolling units in the Condo Hotel Rental Pool, payment of the Condotel ‘Fit-Out’ package [-Pph-897,000.00] then the remaining balance [-Pph-4,062,064.00] may be financed over 15 years [at 11.5%] with monthly repayment of -Pph-47,461.00

Lancaster Suites Tower I Available Two Bedroom Loft Type Suite

2903 [29th Floor]
2Br Loft Type Suite
64.33sqm/695sqft
Pesos: 5,827,948.04
Overlooking Mandaluyong/Makati View

Lancaster Suites Manila Tower I Reservations Three Bedroom Loft Type Suite

Currently Available – Three Bedroom Prime “Bi-Level” Suite
Philippine Pesos Price: February 1, 2008

Lancaster Suites Tower I Three Bedroom "Bi-Level" Suite. Prime unit overlooking Wack Wack Golf Club and Shaw Boulevard and Ortigas Center [Morning Sun]. Has a Floor Area of 79.36 square meters [855sqft]. Total Contract Price: -Pph-7,189,584.28 [Including Tax] may now be purchased with a Reservation of -Pph-25,000.00 and within 30 days a [minimum] 30% Down Payment of -Pph-2,149,375.25 and balance payable over 12 equal consecutive monthly installments of -Pph-417,934.10. Interest Free. Terms of payment on selected Suites may be extended to 24 months upon request.

Alternatively, Pay Cash, and take a full 10% discount on Contract Price. Save -Pph-718,958.42 by paying the Reservation Fee of -Pph-25,000.00 then within 30 days 90% [-Pph-5,801,063.20] and the remaining 10% cash balance [-Pph-644,562.60] on unit turnover.

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 USD -Pph-1,093,277.91 and are available through our 'In-house' finance payable over 1-2 years with minimum 20% downpayment.

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

Banco de Oro’s Lancaster Suites Tower I Home Loan Program, available to Foreign Nationals, Non-Philippine Residents and Filipinos alike, requires minimum 30% equity [-Pph-2,149,375.25] plus for those clients enrolling their units in the Condo Hotel Rental Pool, payment of the Condotel completion and ‘Fit-Out’ package [-Pph-1,093,277.91] then the remaining balance [-Pph-5,015,209.00] may be financed over 15 years [at 11.5%] with monthly repayment of -Pph-58,600.00.00

Lancaster Suites Tower I Available Three Bedroom Loft Type Suite

2705 [27th Floor]
3Br Loft Type Suite
79.36sqm/855sqft
Pesos: 7,189,584.28
Overlooking Mandaluyong/Makati View

Bank Financing Now Available for Tower I Suites

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 http://www.lancastersuites.com/lancastersuites-downloads/473.html

Please note these are average floor areas. Actual unit sizes vary from floor to floor. All Unit offers on Cash Basis will be given Priority Reservation Status. Unit Prices are booked in Philippine Pesos. For reference purposes, US Dollars are at the current exchange rate of Pesos 41.00/USD 1.00 [as of March 30, 2008] and may vary at the time of closing depending upon actual exchange.

All Lancaster [Semi Fitted] 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

You can see Exterior photos of the Lancaster Suites current development on http://www.condotel-manila.com/index.php?option=com_wrapper&Itemid=31

For more information, specifications and reservations please do not hesitate to contact us:

PLC International Marketing Networks
Pacific Concord Properties Inc., Head Office
Lancaster Suites. 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
Email: plcsales@pldtdsl.net
Web: http://www.lancastersuites.com/
http://www.condotel-manila.com/

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