Thursday, July 17, 2008

Pacific Concord Properties Launch a South East Asian Road Show in Singapore and Australia for its Lancaster Philippine Condotel Investments

Asian hotel investors and owners are gathering in Singapore this July 28th – 30th at the Copthorne King’s Hotel to discuss investment opportunities, major hotel, resort and condotel developments across the booming South East Asia market

Beth Collingz, Sales Director of PLC Global and lead partner with Pacific Concord Properties Inc’s Lancaster Brand of Condo Hotel developments in the Philippines said the Asian Hotel Investment Congress 2008 is the only dedicated hotel investment conference being held in Singapore that will bring together leading institutional investors, developers, hotel operators, financiers and suppliers to discuss investment opportunities, markets and major hotel developments across the booming South East Asia market.

Guest speaker, Ronald Lim, President/CEO of Pacific Concord Properties Inc, will present a Congress segment on Condo Hotel Investments in the Philippines using PCPI’s own Condotel developments as basis. Lim will discuss the Philippine Condotel Concept that he authored and implemented with emphasis on Condo Hotel Investments for institutional investors and for the retail market as alternative retirement pension plans and the Lancaster Brand of Philippine Condo Hotels – Lancaster Suites Manila, Lancaster – The Atrium Manila.

With huge investments flowing into infrastructure and as the Philippine government increase promotional efforts to encourage tourism, interest in hotel developments for business and leisure travel are hitting new highs. Investors and developers now have a unique opportunity to capitalize on the growing demand for hotels and hospitality services, and the returns on investments.

Condo Hotel Properties are being snapped up by agile investment funds as rents soar in the country. Investment Fund Managers and Private Investor Clubs tap their deep pockets to purchase real estate investments in the Philippine Condo Hotel market amid a marked shortage of Hotel rooms driving expected ROI through rental returns upwards of 14% per annum said Collingz.

"Rents which we thought we would get in two years we're getting now". Collingz expects rental income to rise 12.5 percent in the coming 6 months after gains of as much as 30 percent since June 2007. UK based Private equity units of banks and investment clubs, driven in part by the current strength of European currencies in international trading, are being attracted by returns in the Philippines as much as double those in the United States and Europe, are purchasing significant blocks of real estate for investment trusts for Asian commercial property.

"There are large amounts of capital now chasing increasingly limited investment-grade real-estate opportunities in Asia," said Collingz. "We are in the closing stages of packaging the investment of private-equity real estate funds for new Condo Hotel developments in Manila and Cebu, with expected rental returns which continue to grow at a rapid pace."

With funds raised for commercial property deals in Asia having doubled in each of the past five years, Collingz sees the market value of Condotel investments in the Philippines reaching new heights in 2008/9 as more developments come on line. Rising demand for homes, hotels, short and medium term rental accommodation, offices and shopping malls in the Philippines, home to a population of almost 80 million and with a significant number of the more than 10 million returning overseas Filipino ‘Baby Boomers’, is fueling rents.

Residential rents in Metro Manila rose 26 percent in six months to June 2008, their highest quarter-on-quarter increase in more than a decade, as more and more IT companies set up shop in the Philippines. Companies like Texas Instruments are investing $1B in expanded operations in the Philippines. High-end rents rose some 15 percent from a year earlier, said Collingz.

As property prices soar, Collingz projects that Rents in the region are set to effectively jump 12.5 percent per annum over the next five years, compared with 5.3 percent in the United States and 4.7 percent in Europe. Yields from 8 percent to as high as 14 percent ROI on rental income property contrast with the 4 percent to 5 percent that private equity firms get in the United States and Europe.

"People are in general looking to shift fund flows relatively towards Asia," Collingz said. "It already has had a profound impact in markets where there's a lot of this money chasing the same assets." As the Singapore, Japan and Hong Kong markets become saturated, the Philippines will be the next real estate market to attract substantial overseas investments. Lower prices and retirees’ spending money are also directing foreign attention to residential condominium hotels in the Philippines, which in turn is driving up more construction.

“A lot of this interest is being driven by the relatively cheap market prices here compared to Europe and the easy payment options available for condominium hotel developments” Collingz said. “The buyers gain rental incomes that on today’s purchase prices give a projected ROI of some 8 to 14 percent depending on the mode of payment for the unit” she said.

The Congress is an opportunity to meet up with Ronald Lim and find out how you can tap into the high-yielding investment opportunities in hotels, investment returns for alternative condo hotel models and the Economic outlook for one of Asia’s hottest markets.

Simultaneous with the Singapore Road Show, PCPI representatives in Australia will also conduct a series of presentations in Sydney commencing early August until November 2008.

"Any of our existing Clients and Marketing Partners whom are interested to arrange or host group meetings with the Filipino Communities and Offshore Investors Groups or anyone else whom might be interested to find out more regarding the existing Lancaster developments and condotel investment opportunities in the Philippines can contact us to arrange meeting dates" said Collingz

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. To be completed and ready for turnover from December 2011, the Lancaster Atrium will provide unit owners with residential condo units with the option of enrolling their units in the Lancaster Condo Rental Pool.

Condotel Investments in the Philippines are a Great Investment for Fil- Am's whom visit Manila for Vacations or Business as they can earn rental Incomes [at current purchase price levels] of some 8-14% ROI per annum as Owner Non-Residents when not using their units through Condo Hotel Management and reciprocal arrangement with Lancaster Cebu Resort Residences. This makes Lancaster Suites one of the Hottest Investment Opportunities in the Philippines.

Pacific Concord Properties, Inc., Flagship Lancaster Suites Condotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila, one of the hottest Condo Hotel Investments in the Philippines adopts International Standard Escrow Trust Account "Buyer Safe" Easy Secure Payment Plans... with 6 year interest free payment terms or up to 12 year "In-House" financing available, full condo ownership and minimum monthly maintenance fees, as buyers or sellers of Real Estate you really should take a moment to look at this Philippine Condotel Investment Opportunity enthused Collingz.

All units at the Lancaster Suites have basic kitchen facilities. The standard unit price provides for the suite to be semi-finished but not fully furnished. Included in the current standard price are the interior finishing's such as tiled & fitted bathrooms, bedrooms with simulated wood plank flooring, semi-fitted living and dining area tiled floorings and lower kitchen cabinets/work tops installed. Walls and ceilings are painted cement finishes.

A complete optional extra interior fit-out package for either residential or Condotel use including unit fixtures, furnishings, furniture, lighting fixtures, appliances and other unit enhancements will be available towards the time the units are closer to being completed. Monthly condo dues are currently around 80 pesos/square meter of the unit floor area/month..

If anyone is interested to assist us, organize a small group, invite friends to join us or host any of the Lancaster Philippines Condo Hotel Investment Forums in Singapore and Australia, please do not hesitate to contact us....

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

Pacific Concord Properties Inc.,
Cebu Branch 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/ [Lancaster Condotels]
Web: http://www.condotel-manila.com/ [Lancaster Suites]
Web: http://www.condotel-sales.com/ [Lancaster Atrium]

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