Real Estate

Philippine 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.

Beth Collingz
PLC International Marketing Networks
Pacific Concord Properties Inc., Manila Head Office
Shaw Boulevard, Mandaluyong City.
Metro Manila. Philippines
Phone: Manila [632] 717 1958 / 532 0214

Pacific Concord Properties Inc., Cebu Office
Lapu-Lapu City, Mactan.
Cebu. Philippines
Phone: Cebu [6332] 340 0721
EMail: plcsales@pldtdsl.net
Web: http://www.lancastersuites.com
Web: http://www.condotel-manila.com
Web: http://www.condotel-cebu.com

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