Investors Look at Philippine Apart-Hotel or Condotel Property Investments
Below is a MRR and PLR article in category Finance -> subcategory Investing.
Investors Eye Philippine Condotel Property Opportunities
Summary:
Real estate investors are shifting their focus from traditional markets like Paris and London's West End to emerging destinations worldwide. A recent report highlights the Philippines as a prime location for investing in apart-hotels, condotels, and buy-to-let rental properties.Expanding Horizons:
PLC International Marketing Networks has identified a trend among institutional investors expanding their portfolios into Southeast Asia and beyond. The Philippines tops this list, followed by Thailand, Japan, China, and Singapore.Beth Collingz, the Global Marketing Director at PLC International Marketing Networks in Manila and Cebu, notes, "Investors are searching for value in new areas." An increasing number of clients for condotel investments are now coming from the UK, a noticeable shift from US-based investors as the British pound gains strength against the US dollar.
Attractive Market Conditions:
The affordability of the Philippine market compared to Europe, particularly the UK, is a major draw. Additionally, flexible payment options for condotel developments add to the appeal.Foreign property investors, including offshore baby boomers and overseas Filipinos, are keen on maximizing returns as they approach retirement. Many are investing in second homes, particularly condotels, which offer the dual benefits of vacation use and rental income. With projected returns on investment of 12-16%, depending on payment terms, the allure is significant.
Strategic Choice:
Metro Manila remains a favored destination for international buyers. Collingz highlights its year-round appeal as both a vacation hotspot and business hub. The Lancaster - The Atrium Condotel, developed by Pacific Concord Properties on Shaw Boulevard, perfectly meets the needs of international buyers.Accessibility plays a crucial role, with flights from London to Manila averaging just 16 hours. Frequent airline specials add to the attraction, making the Philippines an appealing international destination. Unlike other offshore rental properties that suffer from seasonal fluctuations, the Philippines boasts a robust year-round rental market, offering flexibility for property owners. This robust market is supported by a network of professional property managers and rental agents.
Prime Investment:
Lancaster Manila Atrium Tower A is a full-service "Condotel" located in Metro Manila. Offering studio, one, two, and three-bedroom suites, the development is scheduled for completion in December 2010. Investors can enroll their units in the Lancaster Condotel Rental Pool, generating income when not in use. The reciprocal arrangement with Lancaster Cebu Resort Residences enhances its investment potential.Collingz describes Lancaster Suites Manila as one of the hottest investment opportunities in the Philippines.
For more information about investing in Philippine condotels, please contact:
Beth Collingz
PLC International Marketing Networks
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