Philippine Condotel Investments - The Appeal of Connecting Condo Hotel Units at Lancaster Atrium

PRLog (Press Release) – Apr 02, 2008 – When traveling with family or large groups, hotel guests sometimes prefer adjoining rooms. Especially when traveling with kids, it is more convenient to open a door between rooms to deal with their needs, while still allowing some privacy. The same goes for those who rent condo hotels.

Beth Collingz, International Director with PLC International Sales Networks, the lead marketing partners in the Philippines for Pacific Concord Properties Lancaster brand of condotels said “Better yet, purchasing Studio Condotel Suites at Lancaster – The Atrium in the Philippines for investment purposes are Tax Free”…..

Adjoining condo hotel units are positioned next to one another and separated by a connecting door. Many people prefer these units because of the flexibility in their use. Each individual unit in the pair contains its own Condominium Title deed. Therefore investors have the option of purchasing more than one if they choose. Choosing more than one can turn a one-room studio condotel into a two-room unit or a one bedroom suite. Owners may decide to purchase both with plans for utilizing one for personal use, and the other as rental property. Renting both, doubles revenue potential.

Collingz said that “the Lancaster – The Atrium Condotel in Manila includes connecting units partly due to requests by investors when deciding to go ahead and purchase two units instead of one since owning two allows more flexibility. It’s easier to resell a Studio. You can sell one if you need some ready cash and still keep the other unit for personal use or rental income”….

Lancaster Atrium Manila Tower A. Shaw Boulevard, Metro Manila.
Available Combined Studio Suites Units
Update January 30, 2008 [Option 2 - Semi Fitted Suites]

The Lancaster Atrium Tower A Suites are now available as Semi Fitted Suites on the very affordable and competitive New Payment Plan that provides for Suites to be purchased on a No Interest No Down Payment basis with 67% of the payment payable over 60 equal consecutive monthly installments without interest and the 33% balance payable upon turnover of the unit or to be paid over an additional 5 years from turnover through our hassle free no prequalification "In-House" Finance Plans...

The current selling price [effective January 15, 2008] for the Lancaster Atrium Tower A Tax Exempt Studio [Semi Fitted] Units is Philippine Pesos 75,888 per sqm. The One Bedroom, Two and Three Bedroom [Semi Fitted] Suites are priced at Philippine Pesos 84,994.56 per sqm including Government Taxes [R-Vat 12%]. Units may be purchased on a Six Year No Interest Charge Term of payment or longer term "In-House" financing plans.

Turnover of units for Tower A will be from December 2010

All payments will be made to the Lancaster Atrium Tower A Equitable PCI Bank Escrow Trust Account. It is anticipated, given the track record on sales of Tower I Units that property appreciation for initial buyers of Tower A Atrium Units will be at least 60-70% on turnover of units.

The Lancaster Atrium Suites are now available on the very affordable and competitive New Payment Plan that provides for Suites to be purchased on a No Interest No Down Payment basis with 67% of the payment payable over 60 equal consecutive monthly installments without interest and the 33% balance payable upon turnover of the unit or to be paid over an additional 5 years from turnover through our hassle free no prequalification "In-House" Finance Plans...

Combined Studio Units [Option 2 – Semi Fitted Suites]
Price: January 15, 2008

Lancaster Atrium Tower A selected Combined Studio Suites Floor Area 58.97 square meters [635sqft] at -Pph-75,888.00/sqm. -Php-4,475,115.36. These units are overlooking Swimming Pool Deck. The Current Offer for Combined Studio Suite provides it may be purchased with a Reservation Fee -Pph-50,000.00 and Balance then Payable without interest in 72 consecutive equal monthly payments of -Pph-61,459.94.

Alternatively Save -Pph-265,507.30 by making Reservation -Pph-50,000.00 then within 30 days a 30% Net Discounted Down Payment of -Pph-1,062,027.69 Balance payable without interest over 72 consecutive equal monthly payments of -Pph-43,021.95.

Lancaster Atrium Combined Studio Suites are available on affordable and competitive New Payment Plan that provides for Executive Suites to be purchased on a No Interest No Down Payment basis with 67% of the payment payable over 60 equal consecutive monthly installments without interest and 33% balance of the contract price payable upon turnover of the unit or to be paid over an additional 5 years from turnover through our hassle free no prequalification "In-House" Finance Plans... Pay only -Pph-50,000.00 Reservation for a 58.97sqm [635sqft Combined Studio [Contract Price -Pph-4,475,115.36] then 60 consecutive monthly payments of only -Php-49,413.79 with the balance of -Pph-1,460,288.07 either payable in cash on turnover or to be financed over another 60 months payment plan.....

Cash Payment option, take 20% discount [Save -Pph-895,023.10] Reservation -Pph-50,000.00 then within 30 days pay 90% [-Pph-3,177,083.06] and the remaining 10% [-Pph-353,009.23] on unit turnover from December 2010

Combined Studio Deluxe Suites [Option 2 – Semi Fitted Condotel Suites] Twelve Year Payment Plan

The New Twelve [12] Year Payment Plan provides for selected Lancaster Atrium Tower A Combined Studio [Semi Fitted] Condotel Suites to be purchased with a Reservation of only -Php-50,000.00 for a 58.97sqm [635sqft Executive Studio [Contract Price -Php-4,475,115.36] then 48 consecutive monthly payments of only -Php-32,266.47 [No Interest for the first 4 years]. During the first 4 years there is an Annual Lump Sum payable on the anniversary of the reservation date of -Pph-165,941.83 and thereafter 96 consecutive monthly payments of -Pph-43,638.75 to complete the balance of the purchase price.

All Lancaster [Semi Fitted] Residential Suites Unit Features Include:

* Vitrified ceramic tiles in living, dining areas
* Ceramic tiles in kitchen and toilet and bath
* Toilets with mechanical ventilation
* Plastered cement walls and ceilings with painted finishes
* Provisions for split type air-conditioners