New PowerPoint presentation released for Philippine Condotel Investments
Posted on | May 18, 2009 |
Beth Collingz, PLC International Marketing Director for Pacific Concord Properties Lancaster Brand of Condotels in the Philippines said “When the unit owners are not using the condo hotel suite, the unit is put in the managed pool and rented out for them. The buyers have what is considered “hassle free” ownership. The condo hotel unit owners also benefit from having
a professional onsite management company to handle to marketing, booking of their room and general expertise that they bring to the table. If a problem should arise with their condo hotel unit, the management company will take care of it instead of the owner having to worry about it. This makes the traditional landlord tenant issues a thing of the past. The Philippine buy-to-let condo-hotel investment concept is explained in our new PowerPoint presentation that can be downloaded from our lancastersuites.com website.
Condo hotels have quietly become one of the hottest areas of the real estate market in the Philippines. The condotel concept provides buyers the benefit by owning a property in a hotel environment that they can use for themselves, and take advantage of the amenities not normally found in typical residential condominium developments. The condo hotel buyer sees the benefit to owning a vacation property that also has the potential to produce income for them. The typical condo hotel produces higher levels of income than the traditional vacation home (and less headaches), making it all the more appealing to buyers said Collingz
Developments such as the Lancaster Suites Manila Tower I was sold out in less than 18 months in 2007 and the building is now ready for occupancy. Condo hotels are different from traditional condos because they are sold “turn key”. Clients initially purchase the standard condo unit and then when the time comes for interior ‘fit-out’ they can avail of the in house Condotel package of furniture’s and furnishings for the unit. This means buyers do not have to worry about hiring a designer or contractor to come in to finish out the unit. Everything is included from linens, dishes, pillows etc…
Leading the way in the Metro Manila condo hotel market is Pacific Concord Properties Lancaster Brand of condotel investments. Pricing for condo hotels can range anywhere from $50,000’s up to $400,000 for Penthouse suites. Of course the pricing depends on location, views and types of finishes. The Lancaster Suites Manila Tower I development has enjoyed great success for its clientele with property appreciation reaching 100% for its initial buyers. Lancaster – The Atrium, the latest development by PCPI in Shaw Boulevard, Metro Manila, is currently on preconstruction selling and looks set to sell out within the next few months. Lancaster – The Atrium offers clients the choice of Studio, One, Two and Three Bedroom suites that all have kitchen facilities as regular residential condo unit. In addition, Lancaster – The Atrium, as with the Lancaster Suites Tower I, offers unit owners and guests an extensive range of services and amenities said Collingz
To be called Lancaster Atrium [which is the second Tower adjacent to the existing “Sold Out” Tower I] Condotel Studios, One, Two & Three Bedroom Suites are currently available to Property Investors adopting International Standard Escrow Trust Account “Buyer Safe” Easy Secure Payment Plans… with 5 year interest free payment terms or up to 12 year no prequalification “In-House” financing [available to all overseas buyers], full condo ownership, no management costs for Condotel Suites and minimum monthly maintenance fees, as buyers or sellers of Real Estate you really should take a moment to look at this Philippine Condotel Investment Opportunity
Pacific Concord Properties recently introduced the new affordable easy payment plans for the Lancaster Atrium Manila Condotel Suites where a Studio Unit can be purchased without any down payment, and 67% of the contract price payable over 60 months interest free and the 33% balance payable on turnover of the unit or to be extended for another 60 months through PCPI’s no prequalification no hassle finance plan, sales of the companies inventory of units will surely sell out quickly to investors seeking to take advantage of the Condotel Investment “Boom” in the Philippines.
Copies of the Lancaster Suites Slide Show Presentation may be downloaded from the Lancastersuites website.
| Press Information: PLC International Marketing Networks Pacific Concord Properties Inc Contact Person: Phone: +6332 340 0721 |
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