Buy Properties in Preconstruction or Off Plan
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Buying Properties in Preconstruction or Off-Plan
Best Time to Invest: Preconstruction Phase
Buying properties during the early stages of development can be a savvy investment decision. This strategy, known as purchasing in the preconstruction phase, allows you to secure a property at today’s prices while it appreciates in value over time.
Exploring Condo Hotels in the Philippines
Are you interested in the rising trend of condo hotels, or "condotels," in the Philippines? These properties combine hotel-like amenities with the benefits of ownership, making them an attractive option for many. Managed by professional companies, condotels handle maintenance and rental arrangements for you.
Why Buy Early?
The best time to invest in a condotel is during the preconstruction phase. Developers often sell units before construction begins, offering prices that are likely to be lower than once the property is completed.
Example: Lancaster Suites Condotel
One standout opportunity is the Lancaster Suites Condotel in Mandaluyong City, a hot spot for condo investments in the Philippines. Offered by Pacific Concord Properties, Inc., this development features a range of suites with various amenities and financing options.
Attractive Investment Terms
Lancaster Suites provides studio, one, two, and three-bedroom options with appealing financial terms like six-year interest-free payments or in-house financing up to 12 years. You'll enjoy full condo ownership with minimal maintenance costs.
Lancaster Manila Atrium Tower A
Managed by PLC International Marketing Networks, the Lancaster Manila Atrium is a full-service condotel offering units available for purchase. Expected to be ready by December 2009/2010, owners can also choose to include their units in a rental pool for additional income.
Investment Opportunity for Fil-Ams and International Buyers
Beth Collingz, International Marketing Director at PLC, highlights that this is a lucrative investment, especially for Fil-Ams visiting Manila for vacations or business. Offering potential rental incomes of 12-16% ROI annually, these units are an attractive option for both Filipino and international investors from countries like South Korea, Australia, the UK, and the Middle East.
Additional Features
Every unit at Lancaster Suites comes with kitchen facilities. Standard pricing includes interior finishes, with optional packages for a complete fit-out. Monthly maintenance fees are competitive at roughly 80 pesos per square meter.
Flexible Payment Plans
A new affordable payment plan allows buyers to secure suites with no interest or down payment, paying 67% over 60 months interest-free and the remaining balance upon turnover or via extended financing.
Market Trends and Appreciation
Investing early has its benefits, including potentially significant appreciation. The value of units can increase throughout the construction phase, leading to higher profits upon sale.
Legal Considerations
Foreign nationals can purchase up to 40% of the condominium units available on the market, adding to the pool of potential buyers.
For more information on the Lancaster Brand of condo hotels, visit Beth Collingz’s website at [www.plcglobalpinoy.com](http://www.plcglobalpinoy.com). Here, you can find further details, listings, photos, and pricing options.
You can find the original non-AI version of this article here: Buy Properties in Preconstruction or Off Plan.
You can browse and read all the articles for free. If you want to use them and get PLR and MRR rights, you need to buy the pack. Learn more about this pack of over 100 000 MRR and PLR articles.