Lancaster Cebu Condotel releases Buy to Let Investment Packages for serious real estate investors
A leading property investment marketing company believes the Philippines is one of the best places to buy rental income property at the moment.
The current economic environment in the US and Europe has left investors wary about where to put their money due to recession and high inflation, according to Beth Collingz, overseas sales director of PLC International, lead marketing partners for Pacific Concord Properties Lancaster brand of condo hotel developments in the Philippines.
US and European economic woes are affecting a key sector of the Philippines residential property market but it is hoped the shortfall will soon be picked up by increasingly affluent Filipinos seeking investment opportunities as well as new overseas investors. The number of Philippines properties being bought by Filipinos based in the US and other countries has began to fall because of the global credit crunch. 'It is a blow but not significant as there are new investment clients out there and we do not focus on the US as a sole marketplace for our sales,' said Collingz. 'Many new investors are looking to replace failed pension plans and other future saving schemes with a solid investment in real estate. Many are looking for investments that will give them an income for retirement. Savvy investors are now looking for a more solid investment with potential for monthly income and Philippine Condo Hotel investments are ideal because Hotel rates in the Philippines are the same if not more expensive than those in the US but the entry level to purchase real estate is only about 10% of what you would have to pay for a Studio in Manhattan,' she added.
There are also indications that the Russians and other Oil and Gas rich former Eastern Block Countries may take up some of the slack. First-time Russian overseas buyers are now looking at South-East Asia and particularly the Philippines. According to statistics from the Philippines Department of Tourism, the country was able to attract some 12,000 Russian visitors last year. Many institutional investors are moving away from Dubai and Gulf States as real estate prices continue to collapse and the expected tourism boom failed to fully materialize.
Overall visitor numbers to the Philippines are growing. Airlines are reporting record numbers. For example, the country's flagship Philippine Airlines registered the highest number of international passengers ever last year. Despite the current economic crisis in many parts of the World, Hotel developers in Manila, Cebu and Central Visayas region have poured in 50 billion pesos worth of new developments over the past 12 months.
Most interest for real estate investments are in condominiums and apartment hotel complexes.
The Philippines remains undiscovered as far as British and many European investors are concerned. Yet because of its close links to the US, English is widely spoken and it is well regarded for its night-life, beaches and scuba diving.
'Buying property here is easier than many people think and investment from overseas is growing, especially in the resort areas of Cebu and Manila itself where rental potential is good.' However, anyone considering Philippine Real Estate Investments should move now and lock in at current price levels said Collingz whose Lancaster Condo Hotel brand offer the security of International Standards of Trust Account Escrow Banking facilities for all buyers’ payments.
We now have several ‘Buy-to-Let Investor’ units available at our Cebu Condotel development for serious investors said Collingz. Lancaster Cebu Resort Residences located a few minutes from Mactan-Cebu International Airport in Cebu, Philippines is now accepting Reservations for Studio and Two Bedroom Suites adopting International Standard Escrow Trust Account “Buyer Safe” payment plans, full condo ownership, no management costs for Condotel Suites and minimum monthly maintenance fees, as buyers of Real Estate you really should take a moment to look at this Philippine Condotel Investment Opportunity.
Now operational, Lancaster Cebu provides unit owners with premier residential condo units with 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 8-14% ROI per annum as Owner Non-Residents when not using their units through Condotel Management and reciprocal arrangement with Lancaster Suites Manila. This makes the Lancaster brand of Condo Hotels one of the Hottest Investment Opportunities in the Philippines.
Units at the Lancaster Cebu are sold fully fitted, furnished and Condotel ready.
Lancaster Cebu Resort Residences
Currently Available – Studio Investment Condotel Suites
Philippine Pesos Price Effective: June 1, 2010
Lot 1 - Five  Studio fully furnished ready occupancy Condotel Suites. Gross Floor Area 182.81sqm [1,970sqft] Price: -Pph-13,769,620.00 [Tax Inclusive] may be purchased with a full 20% discount on Total Contract Price. Saving -Pph-2,753,924.00. Effective Cash Price -Pph-11,015,696.00. Pay the Reservation of -Pph-1,250,000.00 then 90% of contract price within 30 days [-Pph-8,789,125.00] 10% balance -Pph-976,570.00 on turnover of units.
Lot 2 - Ten  Studio fully furnished ready occupancy Condotel Suites. Gross Floor Area 365.62sqm [3,935sqft] Price: -Pph-27,539,240.00 [Tax Inclusive] may be purchased with a full 25% discount on Total Contract Price. Saving -Pph-6,884,810.00. Effective Cash Price -Pph-20,654,430.00. Pay the Reservation of -Pph-2,500,000.00 then 90% of contract price within 30 days [-Pph-16,338,987.00] 10% balance -Pph-1,815,443.00 on turnover of units.
Lancaster Cebu Resort Residences
Currently Available – Two Bedroom ‘Loft Type’ Condotel Suites
Philippine Pesos Price Effective: June 1, 2010
Lot 3 - Five  Two Bedroom fully furnished ready occupancy Condotel Suites. Gross Floor Area 328.70sqm [3,540sqft] Price: -Pph-27,335,020.00 [Tax Inclusive] may be purchased with a full 30% discount on Total Contract Price. Saving -Pph-8,200,506.00. Effective Cash Price -Pph-19,134,514.00. Pay the Reservation of -Pph-2,500,000.00 then 90% of contract price within 30 days [-Pph-14,971,062.00] 10% balance -Pph-1,663,452.00 on turnover of units.
Lancaster Cebu Resort Residences is also offering Studio and 2-Bedroom Fully Furnished Suites on daily, weekly, monthly or yearly lease rental terms. Whilst some renovation works are still ongoing within the complex, unit rentals are now available to guests at 'Special Promo Rates'. Cebu City is the acknowledged gateway and Queen City of the South. Cebu is the most important trading and commercial hub outside of Metro Manila. Mactan Cebu International Airport assures the arrival of a steady stream of international flights from Amsterdam, Frankfurt, Singapore, Hong Kong, Tokyo, Kota Kinabalu, Seoul and Qatar. There are also chartered flights from Incheon, Taipei, Kansai, Nagoya and Kiaoshung that arrive on a weekly basis. Cebu is identified by Asiaweek and Conde Nast Traveller as one of Asia’s Best Cities. Check out our rentals website: http://www.condotel-rentals.com for info.
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For further info regarding Lancaster Philippines Condo Hotel Investments please do not hesitate to contact us.
PLC International Marketing Networks
Pacific Concord Properties Inc., Head Office
Shaw Boulevard, Mandaluyong City.
Metro Manila. Philippines
Phone: Manila  717 1958
Pacific Concord Properties Inc., Cebu Office
Lapu-Lapu City, Mactan. Cebu. Philippines
Phone: Cebu  340 0721
Web: http://www.condotel-cebu.com [Cebu Condotel Investments]