Condotel Investments in the Philippines, Buy to Let rental properties are now chosen to failing Pension Plans as Overseas Property Investors and more and more Filipinos turn to the near future and retirement.
20 Dollars each day for 6 years will buy you a Studio Condotel unit in the Philippines having a expected ROI through leases of some 500 dollars per month after 3 years. With preconstruction home appreciating at some 20-30% per year not only does the Actual Estate Appreciation look great but the rental income is over what many Pension Plans provide for the same or similar investment.
With Offshore Property Investors and many Overseas Filipinos looking to begin saving for retirement, the Philippines with its relative low cost of real-estate yet high costs of Hotel Accommodations, make the Condotel investment an exceptionally attractive investment proposition.
Beth Collingz, International Marketing Director for PLC Worldwide, a business specializing in Condo Hotel Sales and Investments in the Philippines for the Lancaster Model of Condotels, said that many new investors are seeking to replace failed pension plans and other potential preserving strategies with a stable investment in Real-estate.
A lot of my clients are looking for investments that will give them earnings for retirement alternatively to conventional private pension plans that have failed. If you know any thing, you will seemingly need to research about check this out. Personally, I’ve always regarded Pension Plans as a glorified Pyramid Scheme. Most company pension plans are insufficient as are Government Pensions. Bank rates for Savings accounts have reached record levels. Experienced buyers are actually looking for a more stable investment with potential for regular income. Condotels within the Philippines fit the bill
This possible, high rates of rental returns from Condotel Investments, currently from 2 months up to 16% per annum, opens up an enormous industry not typically looked at by Real Estate Professionals and Brokers whom all so often run around like headless chickens looking for normal residential profile buyers without looking at the by far bigger picture of assets, investing and retirement.
We look at Condotels as pure investments. Maybe not mostly as Real-estate. If you consider the Condo Hotel industry as trading for future income, and think outside of the box, it’s plain to see that Condotels aren’t only estate assets but moreover income generating property. Think about Condotels like a Managed Pension Plan. All things considered, Condotel products are fully managed property. The owner of the property doesn’t have the inconvenience of renting out the unit and deal with most of the typical pit falls to be an amateur land lord. This can be taken care of from the Condo Hotel Management said Collingz.
One of my clients from Chicago, just ordered 4 Studio Condotel Suites at Lancaster The Atrium Manila that is currently in preconstruction revenue. His plan would be to retire in the Philippines in 2012, live-in one of the Suites and get the Condotel rental income on the other three. His cost for the purchase is around 85 Dollars each day for 6 years by deciding to purchase on a 6 year no pre-qualification, no down payment, no interest payment plan. Even before completing payment for your products, he will be getting some $1,500 per 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 getting o-n pre-construction terms gives real appreciation to estate of some 60-80% more than 3 years. So does the rental income, as Hotel Rates increase annually
International Nationals are legally allowed to buy around 40% of-the total amount of condominium units in the marketplace at any given time. More and more visitors and Offshore Filipinos are now emerging as a market for condotel units. If you know any thing, you will possibly choose to research about official link. Many or our customers are coming from different places like Australia, South Korea, United Kingdom, Saudi Arabia and other areas of the Middle East, Collingz said.
Lancaster – The Atrium Tower II [which could be the second Tower adjacent to the present Sold Out Tower I] is currently taking Reservations for Studio, One, Two & Three-bedroom Suites implementing International Standard Escrow Trust Account Buyer Safe Easy Secure Payment Plans with 6 year interest-free payment terms or up-to 1-2 year In-House capital available, total house title, no administration charges for Condotel Suites and minimum monthly maintenance charges You want to take the time to consider this Philippine Condotel Investment Opportunity encouraged Collingz.
All units at the Lancaster Suites have kitchen facilities. The conventional uni-t price offers up the collection to become completed but maybe not fully furnished. Included in the current cost are the internal finishings such as for example fixed & tiled bathrooms, bedrooms with simulated wood plank floor, living and dining area tiled floorings and lower home cabinets/work clothes mounted. A whole recommended additional interior fit-out package including appliances will soon be available towards time the items are closer to being done towards the latter part of 2009. Regular house costs are currently around 80 pesos/square meter of the system floor area/month..
The Lancaster Atrium Suites are now available on the affordable and competitive New Payment Plan that provides for Suites to be acquired on a No Interest No Down Payment basis with 6-7 of the fee payable over 60 equal consecutive monthly installments without interest and the 33% balance payable upon turnover of the unit or to be paid over yet another 5 years from turnover through our hassle free no prequalification In-House Finance Plans
The existing value [effective March 1, 2007] for your 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 will set you back Pesos 84,994.56 or $1,808.80 per sqm including Government Taxes [R-Vat 12%]. Products could be purchased on the Six Year No Interest Charge Term of cost or longer term In-House financing options. Turn-over of devices for Tower An is likely to be from December 2009/2010
All payments will be made to the Lancaster Suites Manila Atrium Structure A Fair PCI Bank Escrow Trust Bill. It is expected, given the background on sales of Tower I Units that property gratitude for original customers of Tower An Atrium Units may be at the least 60-70% on return of models.
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