Lancaster Suites Manila Atrium Tower 2 near SM Megamall and Edsa Shangrila in Ortigas Lancaster Suites will be located within 3 minutes walk to the MRT Shaw Boulevard Station and 5 minutes to EDSA/Ortigas Shopping Centre where major shopping malls are located such as: SM Megamall, and the Shangri-La Complex that includes the Shangri-La Mall, the Rustan’s Superstore and the EDSA Shangri-La Hotel. Within 5 to 10 minutes by car of Lancaster Suites are located the country's best schools such as Poveda, La Salle Greenhills, Xavier School, and The Immaculate Concepcion Academy. You will also be surrounded by some of the most exclusive residential subdivisions such as Corinthian Gardens , Greenhills, Valle Verde, and Wack-Wack subdivision. A number of the country's finest hospitals - Cardinal Santos, The New Medical City, The Polymedic -- are also close by. For more information, you may send an email to: [email protected] A Condotel or Condo Hotel, is a combination of hotel and a condo. You can think of it as the best of all worlds. Operating like a hotel, usually with more amenities that a normal residential condominium building, the Condotel units are individually owned by many different owners. While different complexes and resorts may vary, most give you the choice of renting the units out or using them for personal use. Many of them have a rental program and management on the premises, getting rid of all the hassles that landlords always encounter. Benefits of owning a Condotel What are the benefits to owning a Condotel rather than other real estate investments? There are many! Rent Revenue: Condotel units will produce rental revenues. That revenue can partially or completely offset the costs of owning and maintaining the Vacation Home email us at [email protected] 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. email us at [email protected] 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 Initial Launch Price can be purchased from $29,300.00 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. email us at [email protected] The Current selling price for Lancaster - The Atrium Tower A Studio Units on US Dollar contracts priced at $1,518.00 per sqm are Tax Exempt - will increase to $1,618.00 per sqm Effective March 1, 2007. The One Bedroom, Two and Three Bedroom Suites are currently priced at $1,700.16 per sqm will also increase to $1,812.16 per sqm including Government Taxes [R-Vat 12%] effective March 1, 2007.
Registered Clients have until February 28, 2007 to submit their complete Reservations to Manila to avail of Pre-Increase Unit Prices Lancaster Suites Manila Atrium Tower II [which is the second Tower adjacent to the existing "Sold Out" Tower I] are accepting Reservations, adopting International Standard Escrow Trust Account "Buyer Safe, Easy Secure Payment Plans" with 6 year No Down Payment No Interest payment terms, full condo ownership, no management costs, no enrollment charges, and minimum maintenance fees, you really should take a moment to look at this Condotel Investment Opportunity The Current Price for a Studio Suite provides it may be purchased with a Reservation Fee USD 500.00 and the Balance then Payable without interest over 72 consecutive equal monthly payments of USD 586.97. Alternatively Save USD 2,535.72 by making the Reservation, USD 500.00 then within 30 days a 30% Net Discounted Down Payment of USD 10,142.89 and Balance payable without interest over 72 consecutive equal monthly payments of USD 410.88. The Lancaster Atrium Executive Studio Suites are now available on the very 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 the 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 USD 500.00 Reservation for a 28.17 sqm [304 sqft Executive Studio [Contract Price USD 42,762.06] then 60 consecutive monthly payments of only USD 471.93 with the balance of USD 13,946.48 either payable in cash on turnover or to be financed over another 60 months payment plan..... Another alternative, Save USD 5,663.11 by making the Reservation, USD 500.00 then within 30 days a 67% Net Down Discounted Payment of USD 22,652.46 and the remaining 33% [USD 13,946.48] on unit turnover from December 2009. Cash Payment option, take a full 20% discount [Save USD 8,552.41] on the unit price.... Pay 90% Now [USD 30,788.68] and the remaining 10% [USD 3,420.96] on unit turnover from December 2009 If you are interested to be a part of our Marketing Network or to reserve Prime location Units Now at the Current Price Offering for the Condotel Units and extended payment terms and stand to earn at least 70-80% in Property Appreciation by completion 2009/2010 please contact us as soon as possible so that we can forward to you full details, pricing, terms of payment, floor plans and our recommended selection of units... We look forward to hearing from you email us at [email protected] |