| PLCMarketing 2007-08-16, 9:25 pm |
| New Payment Plans for Philippine Condotel Investments at Lancaster -
The Atrium Manila announced by Pacific Concord Properties Inc
PCPI's Philippine Condotel Investments new 12 year Payment Plan allows
clients to buy Hotel Suites at 50% of the purchase price that can be
used as Pension or Early Retirement Plans
Beth Collingz, International Marketing Director for PLC Global based
in Manila, lead Marketing Partners for the Lancaster Brand of
Condotels in the Philippines, announced new 12 Year Payment Plan
Options that provides for Lancaster - The Atrium Executive Studio
[Semi Fitted] Suites to be purchased with a Reservation of only -
Pph-25,000.00 for a 32.50sqm [350sqft] Studio then 48 consecutive
monthly payments of only -Pph-17,801.58 [No Interest for the first 4
years]. Annual Lump Sum payable on the anniversary of the reservation
date of -Pph-91,551.00 for the first 4 years and thereafter continue
the 96 consecutive monthly payments of -Pph-24,075.73 to complete the
balance of the purchase price"
"Anyone from Overseas Filipinos to Offshore Property Investors looking
to start saving for retirement, the Philippines with its comparative
low cost of real estate yet high rates of Hotel Accommodations, make
the Condotel investment an extremely attractive investment
proposition. Our clients are now looking at the preconstruction
investment in a Lancaster Atrium Semi Fitted Studio Suite that may be
purchased on a one of a kind 12 year plan" Collingz said.
"Having paid 50 percent of the purchase price within 4 years the
Studio Condotel will be ready for occupancy and thereafter income
positive with a projected ROI through rentals of at least 500 dollars
per month makes the remaining 96 monthly payments on the unit balance
self liquidating" said Collingz, and with preconstruction property
appreciating at some 20-30% per annum not only does the Real Estate
Appreciation look good but after paying for the unit, the rental
income is in excess of what many Pension Plans offer for the same or
similar investment of only 50 percent of the purchase price for the
unit.
Ronald Lim, President/CEO of Pacific Concord Properties Inc.,
developer of the Lancaster Condotels in the Philippines whom is
currently on a successful US Road Show for the Company said "The
potential high rates of rental returns from Condo Hotel Investments,
currently from 8% up to 16% per annum depending upon your payment plan
for the unit, opens up a huge market not traditionally looked at by
Real Estate Agents and Brokers whom all so often run around like
headless chickens looking for normal residential profile "buyers"
without looking at the far bigger picture of investments, investing
and retirement"
"We look at Condotels as pure investments, Retirement Investing or
alternate Pension Plans. Not primarily as Real Estate. If you look at
the Condo Hotel market as investing for future income, and think
outside of the box, it is plain to see that Hotel Condominiums are not
only real estate investments but more importantly income generating
property. Think of Condotels as a Managed Pension Plan. After all,
Condotel units are fully managed property. The owner of the property
does not have the hassle of renting out the unit and contend with all
the normal pit falls of being an amateur land lord. This is taken care
of by the Condo Hotel Management" said Lim.
"One of my clients from Chicago, purchased 4 Studio Condotel Suites at
Lancaster - The Atrium Manila which is currently in preconstruction
sales with a plan to retire in 2012. His outlay for the purchase of
the units is only around 70 Dollars a day for 6 years by opting to
purchase with a 30% down payment on a 6 year no prequalification, no
down payment, no interest payment plan. Even before completing payment
for the units, after buying the furniture's and appliances package for
a studio at around 8,500 Dollars, upon completion he will be receiving
more than $2,000 a month in rental income in additional to any
Government or Private Company Pension Plan. Apply that to the 12 year
payment plan and during the first 4 years prior to completion, where
you would only be paying something like 25 Dollars a day including the
annual lump sums and Studio completion package and after the units are
already earning rental income, 45 Dollars a day, he would have a cash
positive income of 20 Dollars a day or some 600 Dollars a month after
4 years. Better yet, the rental income is in tune with inflation and
buying on preconstruction terms gives real estate appreciation of some
60-80% over 4 years enthused Collingz.
"At the end of 12 years, having only put out 50% of the original
purchase price of the units, the owner would have earned something
like 4,800 Dollars and the condo units are now in fee simple, owned
free and clear, then earning more than 2,000 Dollars a month. Better
yet, as Hotel Rates increase yearly, so does the rental income" added
Lim.
Foreign Nationals are legally allowed to purchase as much as 40% of
the total number of condominium units on the market at any given time.
Overseas Filipinos and more and more foreigners are now emerging as a
market for condotel units. Many or our clients are coming from
different countries like South Korea, Australia, United Kingdom, Saudi
Arabia and other parts of the Middle East.
Lancaster - The Atrium Tower II [which is the second Tower adjacent to
the existing "Sold Out" Tower I] located along Shaw Boulevard, Metro
Manila, is now accepting Reservations for Studio, One, Two & Three
Bedroom Suites adopting International Standard Escrow Trust Account
"Buyer Safe" Easy Secured Payment Plans... with either 6 year interest
free payment terms or up to 12 year "In-House" financing available,
full condo ownership and minimum monthly maintenance fees - "You
really should take a moment to look at this Philippine Condotel
Investment Opportunity" encouraged Lim.
For further info please do not hesitate to contact us:
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
Fax: Manila [632] 718 1828
Pacific Concord Properties Inc., Cebu Office
Lapu-Lapu City, Mactan. Cebu. Philippines
Phone: Cebu [6332] 340 0721
Fax: [6332] 495 4938
EMail: plcsales@pldtdsl.net
Web: http://www.lancastersuites.com [Lancaster Condotels]
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