Condotel Investments in the Philippines, Buy to Let rental homes are now being preferred to failing Pension Plans as a growing number of Filipinos and Overseas Property Investors seek to the future and retirement.
20 Dollars a day for 6 years will buy you a Studio Condotel system in the Philippines with a projected ROI through rentals of some 500 dollars each month after 3 years. With preconstruction residential or commercial property valuing at some 20-30% per annum not only does the Real Estate Appreciation look excellent however the rental earnings remains in excess of what numerous Pension Plans use for the very same or comparable investment.
With numerous Overseas Filipinos and Offshore Property Investors wanting to begin saving for retirement, the Philippines with its relative low cost of realty yet high rates of Hotel Accommodations, make the Condotel financial investment an exceptionally attractive financial investment proposal.
Beth Collingz, International Marketing Director for PLC Global, a company specializing in Condo Hotel Sales and Investments in the Philippines for the Lancaster Brand of Condotels, stated that many brand-new financiers are looking to replace failed pension plans and other future conserving schemes with a solid investment in Real Estate.
” Many of my clients are trying to find financial investments that will provide an earnings for retirement as an alternative to standard private pension plans that have failed. Personally, I have always concerned Pension Plans as a glorified ‘Pyramid Scheme’. Many business pension plans are insufficient as are Government Pensions. Bank rates for Savings accounts are at record lows. Smart financiers are now trying to find a more strong investment with potential for regular monthly earnings. Condotels in the Philippines fit the costs”
This capacity, high rates of rental returns from Condotel Investments, currently from 8% up to 16% per year, opens a huge market not traditionally looked at by Real Estate Agents and Brokers whom all so typically run around like headless chickens looking for typical property profile “purchasers” without taking a look at the without a doubt bigger photo 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 earnings, and think beyond package, it appears to see that Condotels are not just realty financial investments however more significantly income creating residential or commercial property. Consider Condotels as a Managed Pension Plan. After all, Condotel systems are totally managed home. The owner of the property does not have the trouble of renting the system and compete with all the typical pit falls of being an amateur land lord. This is taken care of by the Condo Hotel Management” stated Collingz.
” One of my clients from Chicago, simply bought 4 Studio Condotel Suites at Lancaster– The Atrium Manila which is currently in preconstruction sales. His plan is to retire in the Philippines in 2012, live in one of the Suites and get the Condotel rental earnings on the other 3. His investment for the purchase is only around 85 Dollars a day for 6 years by deciding to acquire on a 6 year no prequalification, no down payment, no interest payment plan. Even before completing payment for the systems, he will be receiving some $1,500 a month in rental income in additional to any Government or Private Company Pension Plan. Better yet, the rental income is in tune with inflation and buying on preconstruction terms offers real estate appreciation of some 60-80% over 3 years. As Hotel Rates increase annual, so does the rental income”
Foreign Nationals are legally allowed to acquire as much as 40% of the overall variety of condominium units on the marketplace at any given time. Abroad Filipinos and a growing number of immigrants are now emerging as a market for condotel units. Lots of or our customers are originating from different countries like South Korea, Australia, United Kingdom, Saudi Arabia and other parts of the Middle East,” Collingz said.
Lancaster – The Atrium Tower II [which is the second Tower adjacent to the existing “Sold Out” Tower I] is now accepting Reservations for Studio, One, Two & Three Bedroom Suites adopting International Standard Escrow Trust Account “Buyer Safe” Easy Secure Payment Plans … with 6 year interest totally free payment terms or as much as 12 year “In-House” financing readily available, full condo ownership, no management expenses for Condotel Suites and minimum regular monthly maintenance costs– “You really need to take a moment to take a look at this Philippine Condotel Investment Opportunity” enthused Collingz.
All units at the Lancaster Suites have kitchen area facilities. The standard system price offers the suite to be finished however not fully furnished. Consisted of in the present price are the interior finishing’s such as fitted & tiled bathrooms, bedrooms with simulated wood plank floor covering, living and dining location tiled floorings and lower cooking area cabinets/work tops set up. A total optional additional interior fit-out plan including devices will be readily available towards the time the systems are more detailed to being finished towards the latter part of 2009. Monthly condo fees are presently around 80 pesos/square meter of the unit floor area/month.
The Lancaster Atrium Suites are now readily available on the extremely affordable and competitive New Payment Plan that provides for Suites to be bought on a No Interest No Down Payment basis with 67% of the payment payable over 60 equivalent successive monthly installments without interest and the 33% balance payable upon turnover of the unit or to be paid over an extra 5 years from turnover through our trouble totally free no prequalification “In-House” Finance Plans …
The existing selling price [effective March 1, 2007] for the Lancaster Manila Atrium Tower A Tax Exempt Studio Units is Pesos 75,888 or $1,615.00 per sqm. The One Bedroom, Two and Three Bedroom Suites are priced at Pesos 84,994.56 or $1,808.80 per sqm consisting of Government Taxes [R-Vat 12%] Units may be purchased on a Six Year No Interest Charge Term of payment or longer term “In-House” financing strategies. Turnover of units for Tower A will be from December 2009/2010
All payments will be made to the Lancaster Suites Manila Atrium Tower A Equitable PCI Bank
Condotel units are totally handled home. His plan is to retire in the Philippines in 2012, live in one of the Suites and get the Condotel rental income on the other 3. Even prior to completing payment for the systems, he will be getting some $1,500 a month in rental income in additional to any Government or Private Company Pension Plan. Overseas Filipinos and more and more foreigners are now emerging as a market for condotel systems. Units may be purchased on a Six Year No Interest Charge Term of payment or longer term “In-House” funding plans.