Lancaster Atrium Condotel Manila Notice of Price Increase

PRLog (Press Release) - Mar 05, 2009 -
Beth Collingz, PLC International Marketing Networks Director for Overseas Sales and Lead Marketing Partners with Pacific Concord Properties Inc., owner and developer of the Lancaster Brand of Condotels in the Philippines said the company is increasing the price of its Lancaster Atrium condotel suites by 7% from March 16th 2009 together with new payment plans. Clients whom wish to avail of pre-increase prices have until March 30, 2009 to make the initial Reservation. Updated Lancaster Atrium Condo Hotel investment Power Point Presentations can be downloaded from our Website.

The new 15 year payment plan [to be introduced on March 16, 2009] is open to all buyers of Lancaster – The Atrium Condotel Suites whether local or foreign, is so easy to process and provides for Executive Deluxe Studio [Semi Fitted] Condotel Suites to be purchased with initial Reservation payment of -Php-25,000.00 [Contract Price -Php-3,521,960.00] then 48 consecutive monthly payments of -Php-29,869.87 [No Interest for first 4 years] and thereafter 132 consecutive monthly payments of -Pph-35,990.94 to complete the balance of the purchase price. Although there is a Lock-in Period of ten (10) years and other conditions require monthly installments shall be covered by post dated checks – this new payment plan will very popular with overseas Filipinos looking to purchase investment property back home in the Philippines

The Lancaster Atrium Manila will provide unit owners with premier residential condo units with option of enrolling their units in the Lancaster Condotel Rental Pool which makes the Lancaster Brand a great Investment for overseas investors whom visit Manila for Vacations or Business as they can earn Rental Incomes [at current purchase levels] of some 12-14% ROI per annum as Owner Non-Residents when not using their units through Condotel Management.

Collingz said units at Lancaster Suites have basic kitchen facilities. The standard unit price [Semi Fitted Suites] provides for the suite to be semi-finished but not fully furnished or fitted. Included in the current standard basic price for the ‘Semi-Fitted’ units are the interior finishing’s such as tiled & fitted bathrooms, bedrooms with simulated wood plank flooring, semi-fitted living and dining area tiled floorings and lower kitchen cabinets/work tops installed. Ceilings and walls are painted cement finish, whilst buyers can also avail of fully furnished suites for clients intending to join the Condotel rental pool.

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