Condotel Investments in the Philippines, Buy to Let rental properties are now being preferred to failing Pension Plans as a growing number of Filipinos and Overseas Property Investors want to the future and retirement.
20 Dollars a day for 6 years will buy you a Studio Condotel unit in the Philippines with a projected ROI through leasings of some 500 dollars monthly after 3 years. With preconstruction home valuing at some 20-30% per year not just does the Real Estate Appreciation look excellent but the rental earnings is in excess of what many Pension Plans offer for the similar or very same financial investment.
With lots of Overseas Filipinos and Offshore Property Investors wanting to begin conserving for retirement, the Philippines with its comparative low expense of real estate yet high rates of Hotel Accommodations, make the Condotel investment an incredibly attractive investment proposition.
Beth Collingz, International Marketing Director for PLC Global, a business concentrating on Condo Hotel Sales and Investments in the Philippines for the Lancaster Brand of Condotels, said that numerous brand-new financiers are seeking to replace stopped working pension plans and other future conserving plans with a solid financial investment in Real Estate.
” Many of my customers are looking for investments that will provide an earnings for retirement as an alternative to traditional personal pension that have actually stopped working. Personally, I have constantly concerned Pension Plans as a glorified ‘Pyramid Scheme’. Most company pension plans are insufficient as are Government Pensions. Bank rates for Savings accounts are at record lows. Savvy investors are now searching for a more solid financial investment with capacity for regular monthly earnings. Condotels in the Philippines fit the bill”
This potential, high rates of rental returns from Condotel Investments, currently from 8% up to 16% per year, opens a huge market not generally took a look at by Real Estate Agents and Brokers whom all so typically run around like headless chickens trying to find typical property profile “purchasers” without looking at the without a doubt larger photo of financial investments, investing and retirement.
” We look at Condotels as pure financial investments. 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 Condotels are not just real estate financial investments however more importantly income producing property. Condotel units are totally managed home.
” One of my customers from Chicago, just acquired 4 Studio Condotel Suites at Lancaster– The Atrium Manila which is presently in preconstruction sales. 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 three. His investment for the purchase is only around 85 Dollars a day for 6 years by opting to purchase on a 6 year no prequalification, no deposit, no interest payment strategy. Even prior to finishing payment for the systems, he will be receiving some $1,500 a month in rental earnings in extra to any Government or Private Company Pension Plan. Even better, the rental earnings is in tune with inflation and purchasing on preconstruction terms offers property appreciation of some 60-80% over 3 years. As Hotel Rates boost annual, so does the rental earnings”
Foreign Nationals are lawfully permitted to acquire as much as 40% of the total number of condo units on the market at any given time. Abroad Filipinos and a growing number of foreigners are now emerging as a market for condotel systems. Lots of or our clients are coming 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 2nd Tower surrounding 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 free payment terms or approximately 12 year “In-House” financing available, full condo ownership, no management expenses for Condotel Suites and minimum month-to-month upkeep charges– “You actually must take a moment to take a look at this Philippine Condotel Investment Opportunity” enthused Collingz.
All units at the Lancaster Suites have kitchen facilities. Monthly apartment dues are presently around 80 pesos/square meter of the system flooring area/month.
R-Vat 12%] Units may be acquired 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 systems are completely managed property. His strategy is to retire in the Philippines in 2012, live in one of the Suites and get the Condotel rental income on the other three. Even prior to 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. Overseas Filipinos and more and more immigrants are now emerging as a market for condotel systems. Units may be bought on a Six Year No Interest Charge Term of payment or longer term “In-House” financing strategies.