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 [5] 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 [10] 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 [5] 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.
For a Copy of the Lancaster Cebu Slide Show Presentation...
Copy and paste the following URL directly into your Web Browser
http://www.lancastersuites.com/index.php?option=com_remository&Itemid=26&func=select&id=13
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 [632] 717 1958
Pacific Concord Properties Inc., Cebu Office
Lapu-Lapu City, Mactan. Cebu. Philippines
Phone: Cebu [6332] 340 0721
Email: plcmarketing@lancastersuites.com
Web: http://www.lancastersuites.com
Web: http://www.condotel-manila.com
Web: http://www.condotel-cebu.com [Cebu Condotel Investments]
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