New High End Luxury Condotels Planned in Cebu Philippines
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
New Luxury Condotels Set to Rise in Cebu, Philippines
Summary:
PLC International Marketing, in collaboration with UK Investment Trusts and local investors, has announced plans to develop new luxury condotels in Cebu, Philippines.
Keywords: Luxury Condotels in Cebu, Condotel Investments in Philippines, Buy-to-Let Property, Overseas Investment, International Real Estate
Article:
Beth Collingz, Director of PLC International Marketing and a key partner in the Lancaster brand of condotels in the Philippines, recently shared exciting news about the company’s latest projects. Their recent sale of condotel units has attracted not only overseas Filipinos but also numerous international buyers from Europe and Australia. With Lancaster Suites Manila fully sold out and Lancaster The Atrium at Shaw Boulevard, Metro Manila, 75% booked, the demand for new luxury condotel developments in Cebu has been growing.
Owners of Lancaster condotel units enjoy the flexibility of staying in their units while benefiting from a 60% share of any rental income. The Lancaster Atrium, along with Lancaster Suites Manila, a highly sought-after real estate investment, will soon be the central hub for Lancaster condotels in the Philippines. The 42-story Lancaster Suites Manila is set to begin operations this year, featuring an array of studio, one-bedroom, two-bedroom, and penthouse suites that will be available for daily, weekly, or monthly rental.
Collingz disclosed that a significant condo hotel project in Cebu is under consideration, involving collaborations with several UK Investment Trusts and local investors. "We've received numerous requests for luxury condotel suites in Cebu, with clients eager to make advance payments for high-end units," she noted. This marks a new era of overseas investments, targeting a luxury lifestyle market previously underserved in the Philippines, and offering a five-star resort experience.
The upcoming development in Cebu features exclusive luxury five-star properties, starting at $150,000 to $200,000 for Deluxe 500 sqft studios, and reaching up to $600,000 for two-bedroom penthouses and $800,000 for a grand penthouse. Conveniently located within 15 minutes of the Cebu-Mactan International Airport, all units offer breathtaking sea views and top-notch amenities, such as spas and fine dining. These units are meticulously crafted to European standards, featuring fully fitted kitchens, bedroom suites, appliances, central air-conditioning, plasma TVs, and state-of-the-art communication and management systems.
These large units offer better value compared to similar investments in Dubai, Panama, or Chicago. The planned Lancaster Mactan Resort Condotels will be ideally located near the new Cebu Convention Center and Cebu International Airport, vital for maintaining high occupancy rates year-round. With sizes ranging from 700 to 1,800 square feet for one and two-bedroom suites, and over 3,000 square feet for split-level penthouse suites, the development promises luxury and spaciousness.
"Why can't we build and sell a Trump or Ritz-Carlton quality condotel in the Philippines?" enthuses Collingz. She envisions attracting the same global investors that flock to luxury lifestyle developments worldwide.
This exciting project is set to redefine luxury living in Cebu, opening new horizons for both local and international investors.
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