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Finance & Stock Groups Forum Index » Real Estate » Cebu Buy to Let Apartment Investors Yield 8% Net ROI on Phil
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| PLCMarketing |
 Posted: Wed Nov 05, 2008 5:27 am |
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Guest
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Philippine Apartment Condotel Lancaster Cebu-Mactan presents rental
yields to preconstruction buy to let investors of 8% ROI on their
investments over 6 months of operations during 2008
Lancaster Cebu Resort Residences [LCRR] in Mactan, Cebu, is a boutique
Brand Name Condotel Investment of Pacific Concord Properties Inc, and
now ready to accept guests in the Condo Hotel. Under the management of
Lancaster Hotels, Land and Properties, Inc. [LHLPI] rental operations
of LCRR were soft launched March 2007.
Beth Collingz, International Marketing Director of PLC Global an
internet based sales and marketing company and lead marketing partners
with Pacific Concord Properties, Inc., for the Lancaster Brand of
Condotels in the Philippines, said the original or early bird
Lancaster Cebu preconstruction investors whom purchased at our pre-
launch purchase price are now earning upwards of 8% ROI on their
investments over 6 months of operations and have seen a 45%
appreciation in their real estate investment over the past 2 years.
These are not bad figures for a start up project enthused Collingz
which is why the company is expanding its operations in Lancaster Cebu
over the next 6 months with the acquisition and completion of another
30 suites and 120 over 12 months to mid 2009.
This follows the recent announcement the company has acquired, by
purchase, additional units in its Lancaster Cebu Condotel adding
another 75M pesos to its project inventory and expansion program. This
brings the number of properties held or under contract in the
development and condotel rental pool to 75 suites with another 120
units to be added before year end for Condo Hotel rental operations.
Property is all about LOCATION said Collingz. Mactan and Lancaster
Cebu, provides one with both the laid back pace of provincial living,
as well as prerequisites of the urban dweller. Schools, hospitals,
restaurants, shopping malls, and leisure are all found on the island
itself with no doubt contribute to the success of the launch of rental
operations.
Lancaster Cebu Resort Residences, located a mere 3 minutes from Mactan-
Cebu International Airport, provides easy access to all the essentials
of urban living. This ideal location will complement the Condotel
operation since Lancaster Cebu will function as a condominium hotel –
a preferred accommodation choice of businessmen and holiday travelers
alike. Clients can either purchase Condotel Suites for investment
purposes or lease the units on weekly, monthly or yearly basis. We
currently have Fully Furnished Executive Studio Suite and Two-Bedroom
Suites available at Lancaster Cebu Resort Residences at Pre-Increase
Prices that will be “Ready For Occupancy from August-September 2008”…
at the current price said Collingz.
For the soft launch running through to December 2008, LHLPI has
prepared special promotional room rates aimed at budget travelers.
Guests can check-in to any of the executive studio suites for as low
as $45 a night or to any of the two-bedroom loft rooms at $85 a night
plus 13% Government Tax whilst longer term discounted rates for
monthly and yearly lease rentals are also available from only $30 a
night said Collingz.
For those clients looking for investments in the Philippines,
Lancaster Cebu also offers Studio Suites for sale. Collingz said Fully
Furnished Studio Suites [36.5625sqm [395sqft] Philippine Pesos: -
Pph-75,321.00/sqm -Pph-2,753,924.06] are available and may be
purchased with initial Reservation Fee -Pph-100,000.00 Balance Payable
without interest over 24 consecutive equal monthly payments of -
Pph-110,580.17 [Tax Inclusive]. Alternatively buyers can Save -
Pph-106,156.96 by making Reservation [-Pph-100,000.00] then within 30
days 40% Net Down Payment of -Pph-955,412.70 with resulting Balance
payable without interest over 24 consecutive equal monthly payments -
Pph-66,348.10. Another option, Pay Cash and take 10% discount [Save -
Pph-275,392.40] Pay the Reservation Now [-Pph-100,000.00] and the Cash
Balance within 30 days [-Pph-2,378,531.66] for an Effective Total Cash
Price of -Pph-2,478,531.66. This Suite many also be purchased on Five
Year Payment Terms through our no qualification “In-House” Finance
with 15% Down Payment.
Whilst the Lancaster Cebu Resort Residences Executive 2 Bedroom Suite,
Fully Furnished 2 BR Loft Suite 65.74sqm [710sqft] -Pph-83,161.00/sqm
Philippine Pesos: -Pph-5,467,004.14, may be purchased with an initial
Reservation Fee -Pph-100,000.00 Balance Payable without interest over
24 consecutive equal monthly payments of -Pph-223,625.18 Tax
Inclusive. Alternatively Save -Pph-214,680.16 by making the
Reservation -Pph-100,000.00 then within 30 days 40% Net Down Payment
of -Pph-1,932,121.50 and resulting Balance payable without interest
over 24 consecutive equal monthly payments –Pph-134,175.10. Another
option, Pay Cash take 10% discount [Save -Pph-546,700.41] Pay the
Reservation Now [-Pph-100,000.00] and Balance within 30 days [-
Pph-4,820,303.73] for an Effective Total Cash Price of -
Pph-4,920,303.73. These Two Bedroom Fully Furnished Suites many also
be purchased on Five Year Payment Terms through our no qualification
“In-House” Finance Available with 15% Down Payment said Collingz
US based investors at Lancaster Cebu can take advantage of their 401K
or IRA allotments whilst UK clients can avail of retirement tax
incentives for the purchase of condo units under their Self Invested
Pension Program [SIPP].
With the expansion of the current rental operations we expect
occupancy to increase to some 80% and rental returns to reach the
10-12% ROI level early 2009 based upon the current promo rates. Of
course as rentals increase with inflation and the with the Holidays
fast approaching, these figures could be significantly improved. Not
only that, current real estate appreciation is also a factor running
at some 15% per annum in Cebu said Collingz.
Whilst some renovation works are still ongoing within the complex,
unit rentals are still available to guests at 'Special Promo Rates'.
Cebu City is the acknowledged gateway and Queen City of the South.
Cebu is the most important trading and commercial hub outside of Metro
Manila. Mactan Cebu International Airport assures the arrival of a
steady stream of international flights from Amsterdam, Frankfurt,
Singapore, Hong Kong, Bangkok, Macau, Tokyo, Jakarta, Kota Kinabalu,
Seoul and Qatar. There are also chartered flights from Incheon,
Taipei, Kansai, Nagoya and Kiaoshung that arrive on a weekly basis.
Cebu is identified by Asiaweek and Conde Nast Traveler as one of
Asia’s Best Cities.
For more information regarding condo hotels in Cebu, Philippines,
please do not hesitate to contact us:
PLC International Marketing Networks
Pacific Concord Properties Inc., 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
Web: http://www.condotel-rentals.com
Web: http://www.condotel-cebu.com |
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