According to general partners for marketing for the Philippine’s Lancaster Condominium hotels, PLC International Advertising Director, Beth Collings International, buyers and investors from Australia and Europe and overseas Filipinos are drawn from the latest condotel units. Lancaster Suites in Manila Units are already sold out and its latest project in Shaw Boulevard in Metro Manila called the Atrium is already 75% booked. These units range from 3- bedroom penthouse to studio that comes with fully equipped kitchens. Collingz said that clients are already demanding for new and luxury high quality condotels.

Lancaster condotel unit owners can reside in their purchased unit and can share sixty percent of any sort of rental income. Along with the future operations of the Lancaster Suites of Manila, The Lancaster Atrium, has become among the best and most sought after investments of real estate in the Asian country. Schedule for opening and operation this year, the Lancaster Suites of Manila which is a 42 story establishment features studio type one and 2-bedroom units including a few penthouse suites. Collingz also stated that these units can be rented in a daily, weekly, and monthly basis.

As stated by Collingz, the Company along local Cebu, Philippines investors and UK Trusts is considering a major condotel project. She said that they have a lot of clients demanding for Luxury Condominium hotel in Cebu who are willing to give their payments in advance for high quality luxury condominium hotels. She also said that it is a whole fresher time of Overseas Money entering the country and it is not an idea that they have typically witnessed in history and none in the country generally provides to this top quality lavish lifestyle market. Such patrons are all in search for 5 start hotel resorts that come with hotel features which can be taken advantage during vacations and if not occupied, rent out these units.

There are new and stirring classy 5 star properties planned for development in Cebu City, Philippines. These will be put up for sale as per invite only and prices range from $150,000 up to two hundred thousand dollars Deluxe five hundred square feet studio units. These prices can hike up to six hundred thousand dollars for two bedroom penthouse majestic suites and eight hundred thousand dollars for the Grand Penthouse. The great thing about these units is that these units are just fifteen minutes away from Mactan, Cebu International Airport. All units posses amazing ocean view, beach activities, and lifestyle amenities including classy restaurants and spas which are made to fit European standards. Units sold come with benefits such as customized bedroom suites with kitchens and complete appliance units, split type centralized air conditioning, modern communication, plasma televisions, and an efficient condotel management system.

Units sold will be bigger in size that the traditional hotel room but is still more valuable in terms of options for cash investment than purchasing a eight hundred thousand dollars for a Panama or Dubai studio suite or a million dollar Chicago condo.
This proposed luxury Lancaster Resort Mactan Condominium Hotels will be situated near Cebu International Airport and the Convention Center of Cebu. Collingz said that such kind of location is the key towards successful whole year occupancy.

Collings also stressed out that why can’t they develop and sell Ritz or Trumplike Condotels within the country and get similar buyers that gather to endow in lifestyle expansion all over the world.

Author Bio: By Ashlee Pannell: A Carrollton Tx Real Estate Broker, With Nu Home Source Realty a Irving Texas Real Estate Company. We are Home of the 20% Commission rebate to most of our buyers. Ask about our bucks for buyers program. (C) Copyright, Nu Home Source Realty LLC. All rights reserved

Category: Real Estate
Keywords: Condotel Investments in the Philiippines, Philippine Buy-to-Let Property, Investment Property, Inter