Lancaster Suites Manila Philippine Condotel Investments Announce Price Increase July 2008
Construction costs in the Philippines are seen to increase by more than 35% this year due to record oil, steel and cement and global shipping price rises on the back of US Dollar devaluation.
Nearly all construction materials used in the development of Philippine high-rise buildings are imported. With the strong depreciation of the US Dollar value in the South-East Asia combined with record high oil prices that may see crude hit 150/160 USD per barrel in July and August 2008, construction materials exported from China, Korea, Malaysia and Taiwan, together with their shipping costs, continue to increase in price at a phenomenal rate as exporters of steel reinforcement bars, electrical wirings, aluminum, copper based components and Portland cement in the region set upwards of 40/50% price increases.
Beth Collingz, PLC International Marketing Networks Sales Director and lead Marketing Partners for Pacific Concord Properties Inc’s Lancaster Brand of Philippine Condo Hotels anticipates very 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.
Anyone considering Philippine Real Estate Investments should move now 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 another round of 10% price increases within the next 30 days [effective July 16, 2008] on all our inventories of Condo Hotel units at both Lancaster Suites and Lancaster - The 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.
Lancaster Manila Atrium Tower A, Shaw Boulevard, Metro Manila, Philippines is a "Full Service" Condominium Hotel ["Condotel"] offering Studio, One, Two and Three Bedroom Suites for sale on up to 12 year ‘In-House’ developer extended no pre-qualification payment terms available to non-resident foreign nationals and investors with the option of enrolling their units in the Lancaster Condotel Rental Pool and earn Rental Incomes when not using their units through our own Lancaster Hotels Condo Management. This makes Lancaster Suites Manila, one of the Hottest Investment Opportunities in the Philippines said Collingz.
For further info regarding Lancaster Philippines Condo Hotel Investments please do not hesitate to contact us....
PLC International Marketing Networks
Pacific Concord Properties Inc., Manila Head Office
Shaw Boulevard, Mandaluyong City. Metro Manila. Philippines
Phone: Manila  717 1958
Fax: Manila  718 1828
Pacific Concord Properties Inc., Cebu Office
Lapu-Lapu City, Mactan. Cebu. Philippines
Phone: Cebu  340 0721
Fax:  495 4938
Web: http://www.condotel-sales.com [Lancaster Atrium Manila]
Web: http://www.condotel-manila.com [Lancaster Suites Manila]