Saturday, July 09, 2011

Lancaster – The Atrium Manila Condo Hotel Suites receive Philippine Retirement Authority accreditation

The Philippine Board of Investments – Philippine Retirement Authority recently accredited Condo-Hotel units of the Lancaster Atrium Tower A in Shaw Boulevard, Metro Manila, owned by Pacific Concord Properties, Inc to be operated and managed by Lancaster Hotels, Land and Properties Inc.
















Beth Collingz, PLC International Sales Director and lead marketing partners for Pacific Concord Properties Lancaster Brand of Condo-Hotels in Manila and Cebu, Philippines said in a letter addressed to Pacific Concord Properties President/CEO Ronald Lim, the Philippine Retirement Authority recently proclaimed “For its commitment to support the program of the Philippine Retirement Authority and is therefore entitled to the rights and privileges attached thereto”.

In the recent years, the Philippines have enjoyed the privilege of being considered as a preferred retirement destination of retirees from all over the world. World-renowned Filipino hospitality, diverse culture, and reasonable standard of living are only a few of the reasons cited by retirees in choosing the Philippines as their new home.

The country's retirement program is managed by the Philippine Retirement Authority (PRA). Its primary role is to promote and grant the Special Resident Retiree Visa (SRRV) to would-be retirees, and to offer a range of services, benefits, and comfort that would make their stay in the Philippines truly worthwhile.

The PRA is mandated to attract foreign nationals and former Filipino citizens to invest, reside and retire in the Philippines with the end-view of accelerating the socio-economic development of the country, contributing to the foreign currency reserve of the economy and by providing them the best quality of life in the most attractive package.

Applicants for a PRA Retirement Visa are required to make an initial USD cash deposit which provides for conversion of the required deposit into active investments in the Country. Retirees who qualified to join the PRA Retirement Program have the option to convert their time deposit into active investments after a holding period of thirty (30) days from the date of SRRV issuance. A retiree can choose to invest their required deposit through the following means: a. Purchase, acquisition and ownership of a condominium unit b. Long-term lease of house and lot, condominium or townhouse for a period not shorter than twenty (20) years, and; c. Purchase, acquisition and ownership of golf or country club shares.

This means that retirees can apply for their Visa then withdraw their temporary cash deposits to purchase a Condo unit in the Philippines.
Collingz said Lancaster – The Atrium Manila is an ideal retirement investment for applicants in the PRA program. “Property has always been about location”. Lancaster – The Atrium Manila provides the prerequisites of the urban dweller. Schools, hospitals, restaurants, shopping malls, and leisure are all found within 5-10 minutes from the condo complex.

Lancaster – The Atrium Manila Guaranteed Rental Income units come fully furnished, fully fitted to condotel standards with a guaranteed minimum rental income of –Pph-600/sqm per month for 5 years which represents a 6% ROI on the unit purchase depending upon the terms of payment selected by the buyer.

Lancaster – The Atrium Executive Furnished Condotel Studio Suites. Floor Area 28.27sqm [298sqft] Cash Price -Pph-2,873,943.58. Installment Price -Pph-3,221,875.36 [Including Taxes] may be purchased with an initial -Pph-25,000.00 Reservation and Balance Payable without interest over 36 consecutive equal monthly payments -Pph-88,802.89. Lancaster Hotel issues a 5 Year minimum 6% ROI Condotel Rental Guarantee for all Studio Condo Hotel Suites.

Lancaster – The Atrium Premiere Furnished Condotel Studio Suites. Floor Area 28.27sqm [298sqft] Cash Price -Pph-2,959,432.06. Installment Price -Pph-3,316,862.56 [Including Taxes] may be purchased with an initial -Pph-25,000.00 Reservation and Balance Payable without interest over 36 consecutive equal monthly payments -Pph-91,440.63. Lancaster Hotel issues a 5 Year minimum 6% ROI Condotel Rental Guarantee for all Studio Condo Hotel Suites.

Lancaster – The Atrium Premiere Furnished Condotel Studio Suites. Floor Area 32.50sqm [350sqft] Cash Price -Pph-3,303,967.68. Installment Price -Pph-3,703,960.00 [Including Taxes] may be purchased with an initial -Pph-25,000.00 Reservation and Balance Payable without interest over 36 consecutive equal monthly payments -Pph-102,193.33. Lancaster Hotel issues a 5 Year minimum 6% ROI Condotel Rental Guarantee for all Studio Condo Hotel Suites.

Lancaster – The Atrium Furnished One Bedroom Condotel Suites. Floor Area 44.41sqm [469sqft] Cash Price -Pph-4,919,167.09. Installment Price -Pph-5,465,741.21 [Including Taxes] may be purchased with an initial -Pph-25,000.00 Reservation and Balance Payable without interest over 36 consecutive equal monthly payments -Pph-151,131.70. Lancaster Hotel issues a 5 Year minimum 6% ROI Condotel Rental Guarantee for all Studio Condo Hotel Suites.

Lancaster – The Atrium Furnished Two Bedroom Loft Type Condotel Suites. Floor Area 75.84sqm [800sqft] Cash Price -Pph-8,629,917.33. Installment Price -Pph-9,588,797.03 [Including Taxes] may be purchased with an initial -Pph-25,000.00 Reservation and Balance Payable without interest over 36 consecutive equal monthly payments -Pph-265,661.03. Lancaster Hotel issues a 5 Year minimum 6% ROI Condotel Rental Guarantee for all Studio Condo Hotel Suites.

The Lancaster Atrium Manila will provide unit owners with premier residential condo units with option of enrolling their units in the Lancaster Condotel Rental Pool which makes the Lancaster Brand a great Investment for Fil-Am's whom visit Manila for Vacations or Business as they can earn Guaranteed Rental Incomes [at current purchase levels] at a minimum 6% ROI per annum for 5 years as Owner Non-Residents when not using their units through Condotel Management and reciprocal arrangement with Lancaster Cebu Resort Residences enthused Collingz.

All units at Lancaster Atrium have basic kitchen facilities. The GRI Condotel units are fully furnished and fitted ready for Hotel rental operations.

Further information on Philippine Condo-hotel investments may be obtained from:

Beth Collingz
PLC International Marketing Networks
Pacific Concord Properties Inc., Manila Head Office
Shaw Boulevard, Mandaluyong City. Metro Manila. Philippines
Pacific Concord Properties Inc., Cebu Office
Lapu-Lapu City, Mactan. Cebu. Philippines
Direct Line: [+63 32] 340 0721
Cell Phone: 0916 650 9783 / 0922 858 7027
Cell Phone: International [+63] 916 650 9783 / 922 858 7027
EMail: plcsales@pldtdsl.net
Web: http://www.lancastersuites.com/ [Lancaster Condotel Investments]
Web: http://www.condotel-manila.com/ [Lancaster Suites Condotels]
Web: http://www.condotel-sales.com/ [Lancaster Atrium Condotel]

Labels: , , ,

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home