Philippine Condotel Investments US Road Show Sales Hit 8.9 Million
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Philippine Condotel Investments US Road Show Sales Reach $8.9 Million
Summary
During a recent US sales blitz, US-based investors and Filipino-Americans purchased $8.9 million worth of condo hotel suites at Lancaster The Atrium Manila. These investments are viewed as an attractive alternative to traditional pension and retirement plans.
Highlights
Beth Collingz, the International Marketing Director for PLC Global in Manila, announced that their US road show was a major success, generating $8.9 million in sales. The Lancaster brand condotels in the Philippines have become a preferred investment for those looking for alternative retirement solutions, amid concerns about the stability of social security systems and failing pension plans.
Overseas Filipinos and offshore property investors find the Philippine real estate market appealing due to its affordable prices and high hotel accommodation rates. The Lancaster Atrium offers preconstruction investments with flexible payment plans, making it a compelling option for investors. A semi-fitted studio suite can be reserved with just PHP 25,000, followed by 48 monthly payments of PHP 17,801.58 with no interest for the first four years. An annual lump sum then follows, with continued payments to complete the purchase.
Having paid 50% of the price in four years, the studio becomes ready for occupancy, generating at least $500 monthly in rental income. This makes the remaining payments self-sustaining. With property appreciation rates between 20-30% annually, the real estate and rental income performance outshines many traditional pension plans.
Condotel investments yield rental returns from 8% to 16% annually. Collingz emphasizes viewing these investments not just as real estate but as income-generating properties akin to a managed pension plan. Owners need not worry about renting or property management, as the condo hotel management handles everything.
One client from Chicago purchased four studio suites at Lancaster The Atrium, planning to retire in 2012. By choosing a 30% down payment on a six-year, no-interest payment plan, he ensures steady rental income even before completing his payments. During the initial four years, his cost is about $20 a day, while later rental income will surpass these payments, creating a positive cash flow.
After 12 years, having only paid half of the original price, the owner will have profited significantly, with monthly earnings over $2,000. As hotel rates and rental income rise annually, this investment ensures continued growth and profitability.
You can find the original non-AI version of this article here: Philippine Condotel Investments US Road Show Sales Hit 8.9 Million.
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