Philippine Condo Hotel Buy to Let Investments for Retirement Income

PR Log (Press Release) – Sep 07, 2009 – Beth Collingz, PLC International Marketing Networks Sales Director and lead Marketing Partners for Pacific Concord Properties Inc’s Lancaster Brand of Philippine Condotels says the Philippines is seeing a phenomenal Hotel boom this year despite global crisis. Overall visitor numbers to the Philippines are growing. Airlines are reporting record numbers. For example, the country's flagship Philippine Airlines registered the highest number of international passengers ever last year - 3.38 million, up from 3.05 million in the previous year. Hotel developers in Manila, Cebu and Central Visayas region have poured in 50 billion pesos worth of new developments over the past 12 months.

Most interest for real estate investments are in condominiums and apartment hotel complexes. Some twenty new hotels, including units of international chains, will rise in the Philippines this year, according to the Philippine Travel Agencies Association (PTAA). These include Shangri-La Hotels in Fort Bonifacio Manila, Shangri-La Resort and Spa in Boracay, Raffles/Fairmont in Makati, Bellevue Hotels in Alabang, Manila, Imperial Palace Waterpark Resort and Spa in Cebu, Sofitel Hotel and Resorts in Cebu, Bayan Tree Hotels and Resorts in Palawan and Newport Marriot Hotel and Maxims Hotel in Manila.

Social security in many countries is on the verge of going bankrupt. Pension Plans are failing left and right and will continue to fail as many are glorified ‘Pyramid Schemes’ or rely solely upon the ‘never ending chain’ principal. But the good news is Collingz’ believes she has found the perfect solution for most people who want to retire. If you are considering a retirement plan… or if you simply want more money deposited into your bank account on a regular basis, Supplemental Retirement Income from Condo Hotel Investments in the Philippines will dramatically improve your life. “Philippine Condotel Investments or Buy to Let Rental Property - a solid alternative to failing Pension Plans. “Buy-to-Let rental properties are now being preferred to failing Pension Plans as more and more Filipinos and Overseas Property Investors look to the future and retirement” said Collingz.

“Overseas Filipinos and 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 Condo Hotel investment an extremely attractive investment proposition. Clients are now looking at longer term preconstruction investments at Lancaster Atrium and ready occupancy units at Lancaster Suites Manila together with the retirement haven of Cebu, at the Lancaster Cebu Resort Residences. The potential high rates of rental returns from Condo Hotel Investments, currently from 8% up to 16% per annum depending upon the price terms of purchase, opens up a huge market not traditionally looked at by agents and brokers whom all so often run around like headless chickens searching for normal residential profile “buyers” without looking at the bigger picture of investments, investing and retirement.

“We look at Condotels as pure investments. 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, Condo Hotel 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 Collingz.

Lancaster Suites Manila - Tower I
Currently Available – Studio Investment Condotel Suites
Philippine Pesos Price Effective: September 1, 2009

Lot 1 - Five [5] Studio fully furnished ready occupancy Condotel Suites. Gross Floor Area 136.12sqm [1,465sqft] Price: -Pph-14,141,234.00 [Tax Exempt] with 25% discount on Contract Price. Saving -Pph-3,535,308.00. Plus Furniture and Furnishings -Pph-2,400,000,00 Effective Cash Price -Pph-13,005,926.00. Pay the Reservation of -Pph-1,250,000.00 then within 30 days [-Pph-10,580,333.00] balance -Pph-1,175,593.00 on turnover of units.

Lot 2 - Ten [10] Studio fully furnished ready occupancy Condotel Suites. Gross Floor Area 272.23sqm [2,935sqft] Price: -Pph-28,281,430.00 [Tax Exempt] with 30% discount on Contract Price. Saving -Pph-8,484,429.00. Plus Furniture and Furnishings -Pph-4,800,000.00. Effective Cash Price -Pph-24,597,001.00. Pay the Reservation of -Pph-2,500,000.00 within 30 days [-Pph-20,367,300.00] balance -Pph-1,729,701.00 on turnover of units.

Lancaster Suites Manila - Tower I
Currently Available – Two Bedroom Podium Investment Condotel Flats
Philippine Pesos Price Effective: September 1, 2009

Lot 3 - Five [5] Two Bedroom fully furnished ready occupancy Condotel Suites. Gross Floor Area 436.90sqm [4,705sqft] Price: -Pph-50,835,307.00 [Tax Inclusive] with 30% discount on Contract Price. Saving -Pph-15,250,592.00. Plus Furniture and Furnishings -Pph-5,350,000.00. Effective Cash Price -Pph-40,934,715.00. Pay the Reservation of -Pph-3,500,000.00 then within 30 days [-Pph-34,226,243.00] balance -Pph-3,208,472.00 on turnover of units.

We also have several ‘Buy-to-Let Investor’ units available at our Cebu Condotel development for serious investors said Collingz. Lancaster Cebu Resort Residences located a few minutes from Mactan-Cebu International Airport in Cebu, Philippines is now accepting Reservations for Studio and Two Bedroom Suites adopting International Standard Escrow Trust Account “Buyer Safe” payment plans, full condo ownership, no management costs for Condotel Suites and minimum monthly maintenance fees.

Lancaster Cebu Resort Residences
Currently Available – Studio Investment Condotel Suites
Philippine Pesos Price Effective: September 7, 2009

Lot 1 - Five [5] Studio fully furnished ready occupancy Condotel Suites. Gross Floor Area 182.81sqm [1,970sqft] Price: -Pph-13,769,620.00 [Tax Inclusive] may be purchased with a full 15% discount on Total Contract Price. Saving -Pph-2,065,443.00. Effective Cash Price -Pph-11,704,177.00. Pay Reservation of -Pph-1,250,000.00 then 90% of contract price within 30 days [-Pph-9,408,759.93] 10% balance -Pph-1,045,418.00 on turnover of units.

Lot 2 - Ten [10] Studio fully furnished ready occupancy Condotel Suites. Gross Floor Area 365.62sqm [3,935sqft] Price: -Pph-27,539,240.00 [Tax Inclusive] may be purchased with a full 17.5% discount on Total Contract Price. Saving -Pph-4,819,367.00. Effective Cash Price -Pph-22,719,873.00. Pay Reservation of -Pph-2,500,000.00 then 90% of contract price within 30 days [-Pph-18,197,885.00] 10% balance -Pph-2,021,988.00 on turnover of units.

Lancaster Cebu Resort Residences
Currently Available – Two Bedroom ‘Loft Type’ Condotel Suites
Philippine Pesos Price Effective: September 7, 2009

Lot 3 - Five [5] Two Bedroom fully furnished ready occupancy Condotel Suites. Gross Floor Area 328.70sqm [3,540sqft] Price: -Pph-27,335,020.00 [Tax Inclusive] may be purchased with a full 20% discount on Total Contract Price. Saving -Pph-5,467,004.00. Effective Cash Price -Pph-21,868,016.00. Pay the Reservation of -Pph-2,500,000.00 then 90% of contract price within 30 days [-Pph-17,431,214.00] 10% balance -Pph-1,936,802.00 on turnover of units.