Tuesday, October 14, 2008

Philippine Condo Hotel Investments at Lancaster – The Atrium Manila - Who’s Buying and Why?

Condo Hotel Investments at Lancaster – The Atrium Manila: The Condo Hotel concept is attractive to many who are interested in investing their hard earned pennies in real estate. One type of condotel purchaser is someone seeking a vacation place, but due to the limited amount of time they anticipate being able to spend there, buying a traditional condominium would not seem an economically sensible investment.

Another condotel purchaser is just too busy to focus time and attention on the maintenance and upkeep of another property, but sees the benefit of having professionals manage their property while still having the ability to use the property when they choose, and appreciates an investment with the ability to offset expenses through the rental program.

In Philippine hotspots such as Metro Manila, and Cebu, where the condo hotel market is considered to be extremely lucrative, typical buyers are investors looking for promising real estate deals in an area with a proven track record of appreciating in value. Many buyers in Metro Manila are from America, Australia and Europe, places where Philippine real estate prices are seen as bargains, and the Philippine Condotel market with the Lancaster Brand of condotels adopting International standard escrow trust account banking, is considered a safe place to invest.

Condo-hotel-unit purchasers are in essence unique in the opportunity to buy into multimillion-dollar hotel developments for a relatively small cost, and not just investing in a single unit. Buyers can choose to lease their units when they are not occupying them. Most condo hotel units include hotel services in the package deal. Buyers at the Lancaster Condotels are treated as guests, and able to enjoy amenities such as room service.

Investors choose the condotel avenue for different reasons. Some enjoy ownership of real estate, with attractive amenities someone else maintains for them. Others look at the potential the long-term appreciation value, with little investment of time and attention, offering them the financial stability that may one day afford them the ability to enjoy retirement.

How would you like Real Property Appreciation of some 60% during construction and projected 80% Appreciation on completion from 2012 ?

Pacific Concord Properties, Inc., Flagship Lancaster Suites Condotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila, one of the hottest Condotel Investments in the Philippines http://www.lancastersuites.com

To be called Lancaster Suites Manila Atrium Tower II [which is the second Tower adjacent to the existing “Sold Out” Lancaster Suites Tower I http://www.condotel-manila.com ] we are now accepting Reservations for Studio, One, Two & Three Bedroom Suites adopting 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, no management costs for Condotel Suites, no enrollment charges for joining the Condotel Rental Pool, 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

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 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 14-16% 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 finished but not fully furnished. Included in the current price are the interior finishing’s such as tiled & fitted bathrooms, bedrooms with simulated wood plank flooring, living and dining area tiled floorings and lower kitchen cabinets/work tops installed. A complete optional extra interior fit-out package including appliances 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..

Purchasing at the Current Price would give a projected Annual ROI through future Rental Income of some 12-16% per annum depending upon the price of the unit when fully operational from 2012... Interested ?

The Smart “Self-Liquidating” Investment Advantage !

Many of our clients are purchasing fully furnished “Ready-For-Occupancy” Condotel Suites at Lancaster Cebu Resort Residences [ checkout ] that will be operational within the year, thereby realizing Rental Incomes of up to some 14% per annum, and using the rental income to Purchase a Studio Suite at the Lancaster Suites Manila Atrium Tower II on a “No-Down Payment” 6 year Interest Free Payment Plan with only $975 Monthly Installments enthuses Beth Collingz, Director, PLC International Marketing Networks.

Condotels also have been appreciating in value at rapid rates in the last few years. Many investors have made incredible profits just purchasing and selling these units, which is known as flipping.

Where would I normally find Condotels in the Philippines?

At the Lancaster Suites Manila, Shaw Bouelvard, Metro Manila and Lancaster Cebu Resort Residences, Mactan, Cebu..

How much do Condotels cost and can you finance them?

Condotels have a vast range in price. This is another benefit of Condotel investments. Most offer Studio, One Bedroom, Two Bedroom, Three Bedroom and Penthouse Suites. No matter what your price range is, there is something out there for almost anyone. In the Philippines, Lancaster Suites Manila range between $50,000 and $450,000, Lancaster Cebu Resort Residences range between $59,000 and $115,000 so regardless of your price range, there should be something for you.

Although financing has been difficult in the past on real estate investments in Philippines especially for Foreign Nationals through local Banks, they have been getting much better in the past several years. Not too long ago, you would have to cough up a minimum of what amounts to 50% down in order to be able to finance the purchase of a unit. Now, developers have their own ''In-House'' No Qualification Finance Purchase Arrangements. Pacific Concord Properties adopts the International Standard of Escrow Trust Account Banking for all buyer's payments and units at the Lancaster Suites Manila may be purchased on No Down Payment Plans with payment periods up to 12 years. Interest Free No Down Payment Plans are also available for payment periods of up to 6 years. Whilst the Lancaster Cebu Resort Residences may also be purchase on minimal 15% Down Payment Plans with payment periods up to 5 years. Interest Free No Down Payment Plans are also available for period of up to 2 years.

What is the best time to buy a Condotel unit?

There is a limited inventory of Condotel units, and there selling fast. Pacific Concord Properties The Lancaster Suites Manila Tower 1 ''Sold Out'' in record time. Most Condotels are sold out during the pre-construction and construction phase. As word continues to spread about the Condotel Developments of Pacific Concord Properties in Manila and Cebu, more and more investors from around the World, and not only Filipino Americans, are looking to participate in these solid investment opportunities.

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
Web: http://www.condotel-sales.com

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