PROPERTY DESCRIPTION:

The Lancaster Cebu Condotel

The Lancaster Cebu is an EXISTING development located in Mactan Island close to the Days Inn Hotel in Barangay Pusok, Mactan [Cebu City]. The properties' location is within 10 minutes travel time from Cebu International Airport and 20 minutes from Cebu City center.

Pacific Concord Properties, Inc., the owner/developers of the Lancaster Suites, Manila recently concluded negotiations and has taken over the existing developed improvements for the Lancaster Cebu Resort Residences. With Certificates of Occupancy, Individual Condominium Certificates of Title and updated Licenses, The Lancaster Cebu Resort Residences is consisting of some more or less 1.5 hectares of land with four [4] existing five [5] storey buildings and one [1] six storey building laid out in clusters containing a total of some 540 condo units all with a standard floor area of 36sqm [380sq ft].

Studio Suites – On Extended Terms Of Payment - as of Feb 2007

Fully Furnished Studio Suite 36.5625sqm [395sqft] $1,507.00/sqm USD 55,099.69. We currently have a few Studio Suites that may be purchased with initial Reservation Fee USD 1,820.00 Balance Payable without interest over 24 consecutive equal monthly payments of USD 2,219.99 [Tax Inclusive]. Alternatively Save USD 2,131.18 by making the Reservation [USD 1,820.00] then within 30 days 40% Net Down Payment of USD 19,180.69 and the Balance payable without interest over 24 consecutive equal monthly payments USD 1,332.00. Another option, Pay Cash and take a full 10% discount [Save USD 5,509.96] Pay the Reservation Now [USD 1,820.00] and the Cash Balance within 30 days [USD 47,769.72] for an Effective Total Cash Price of USD 49,589.72. This Suite many also be purchased on Five Year Payment Terms through our no qualification “In-House” Finance with 15% Down Payment.

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The project and all existing developments will undergo, commencing this January 2005 a very major re-development consisting of a very substantial investment by Pacific Concord Properties, Inc., not only in terms of capital infusion but more importantly a complete and extensive architectural modification to upgrade the buildings and complete same to the standard required for inclusion as a signature "Lancaster" Resort and Condotel product with Swimming Pools and other superior relaxation and recreational facilities.

The Lancaster Cebu will replicate the same high design standards, quality and conceptualization to that the company established and is implementing in the ongoing 24/7 construction, management and development of the Lancaster Suites - Manila

Being an existing development that will undergo the Lancaster signature design, construction and completion, the Lancaster Cebu, as a low-rise clustered resort condominium, will be made affordable and available for occupancy commencing as early as second quarter 2005. The Lancaster Cebu will become an extremely desirable packaged product. The Lancaster Cebu will only be sold as FULLY FURNISHED READY FOR OCCUPANCY modular 36sqm [380 sq ft] Studio units [72sqm (760sq ft) 1 Bedroom Units or 108sqm (115sq ft) 2/3 Bedroom Units. [Details and specifications to follow shortly].

All Lancaster Cebu units will include superior quality of finishing and will be sold on a fully furnished basis to include “Ready for Occupancy” specifications. Hence, all appliances such as Air-conditioning, Electric Range, Refrigerator, Television as well as furniture’s will be included in the package price of each Condominium.

For our Fil-Am's and Fil-Can's and other Filipino Expats and Dual Citizens living in the United States, Canada, Australia and Europe we are establishing a "First of a kind" easy term payment equity mortgage arrangement with the Philippine National Bank [PNB] through its extensive network of overseas offices and banks around the world to enable Lancaster Cebu buyers to avail of financial services in their own country, currency and current interest rate. For marketing opportunities, agency/representative inquiries, please email your resume to Jovi W. Tupaz via email at :

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Benefits of owning a Condotel Unit as an Investment Income Property
Written by PLC Marketing
Sunday, 15 October 2006
What are the benefits to owning a Condotel Unit rather than other real estate investments?

Rent Revenue: Condotel units will produce rental revenues. That revenue can partially or completely offset the costs of owning and maintaining the Vacation Home and give a Real estate investor good rates on return on his investments from as low as 12% to a high of 18% ROI per annum depending upon the purchase price for the Condo Hotel Suite.

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Appreciation Potential: The best selling point of Condotels as investment property is the rate at which they appreciate. Especially when purchasing at the pre-construction stage of the project. The rate of appreciation throughout the Philippines is generally negative especially in rural areas. However, cities such as Metro Manila and Cebu see annual property appreciation rates depending upon locations between 10% to 18%. Most Condotels are located specifically in areas that have seen and continue to see high appreciation rates such as Metro Manila and Mactan, Cebu. Furthermore, it is the Condotel Properties that are seeing higher appreciation rates than traditional single family homes and condos.

Diminished Supply Of Available Land: Desirable locations to build in the Philippines are not limitless. There is a dwindling supply of available land in key markets such as Metro Manila’s much sought after Ortigas Center and Makati locales. In Cebu, the highly desirable Mactan is an Island and available building land at prime locations are fast being sold which ensures that Condotels built in these locations will have seen significant real property appreciation.

Condotels Appeal To International Investors: Condotels are particularly attractive to International Investors whom wish to own a Vacation Home and an Investment Property in the Philippines and yet don’t have any of the hassles of maintenance or renting out the property when they are not using it. With property values flattening off and rental incomes weakening in US the Philippines, only 16 hours away, offers an idea alternative at prices far less than anything available in the US. Less than $49,500 will purchase a reasonable, fully furnished, 400sqft Studio at the Lancaster Cebu with projected Annual ROI through Rental Incomes of some 12-14%. The new Lancaster Suites Manila Atrium Tower II presents an even better purchase opportunity for International Property Investors. Studio Suites, at the Current Price can be purchased from $34,000.00 with current projected Real Property Appreciation of some 80-100% during construction and a projected 120% Appreciation on turnover of the unit in 2010. Purchasing at this Launch Price would give a projected Annual ROI through future Rental Incomes of some 16-18% per annum when operational from later part of 2010. Additionally, the value of the Philippine Peso has enabled many European and American Investors to obtain upscale Condotel units for what amounts to “Bargain Prices” or for the same price as a “Garage” back home.

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