Condotel Buy-to-Let Condominium market in Cebu still growing
The condominium investment market in Cebu is growing, according to a Condotel Marketing Company.
Beth Collingz, PLC International Marketing Networks Sales Director, and lead marketing partners for Pacific Concord Properties’ Lancaster Brand of Condotels in the Philippines, said most buyers of their units were overseas Nationals who view real estate as a good investment.
Pacific Concord recently launched Lancaster Cebu, its third condotel condominium project after the Lancaster Suites and Lancaster Atrium Manila. Of 165 units “we have already sold 40 percent to private investors and currently operating 45 condotel suites” Collingz said during a Cocktail Party for arriving guests held at the Lancaster Cebu Poolside.
The demand for Condotel condominiums led the company to expand its Cebu based operations, which they hope to start first quarter-2011.
Lancaster Cebu Resort Residences, located a mere 3 minutes from Mactan-Cebu International Airport, provides easy access to all the essentials of urban living. This ideal location will complement the Condotel operation since Lancaster Cebu will function as a condominium hotel – a preferred accommodation choice of businessmen and holiday travelers alike said Collingz.
Clients can either purchase Condotel Suites for investment purposes or lease the units on weekly, monthly or yearly basis. We also have Fully Furnished Executive Studio Suite and Two-Bedroom Suites available for sale at Lancaster Cebu Resort Residences at Pre-Increase Prices that will be ready for occupancy from October 2010 at the current price.
Fully furnished Studio Suites are priced at -Pph-2,753,924.06 whilst, fully furnished 2 BR Loft Type Suites are priced at -Pph-5,467,004.14 and may also be purchased with an initial Reservation Fee of only -Pph-100,000.00 with the Balance Payable without interest over 24 consecutive equal monthly payments. Fully Furnished Suites many also be purchased on Five Year Payment Terms through our no qualification “In-House” Finance Available with 15% Down Payment. Lancaster Cebu is also offering Studio and 2-Bedroom Fully Furnished Ready for Occupancy Suites on daily, weekly, monthly or yearly lease rental terms. Studio Suites for double occupancy run from $28/night and the Two Bedroom Suites for four persons run $42/night on Monthly rates.
PLC International Marketing Networks
Pacific Concord Properties Inc., Manila Head Office
Shaw Boulevard, Mandaluyong City.
Metro Manila. Philippines
Phone: Manila  717 1958 / 532 0214
Pacific Concord Properties Inc., Cebu Office
Lapu-Lapu City, Mactan.
Phone: Cebu  340 0721