All Units At The Lancaster Suites Have Kitchen Facilities

Category: Finance, Real Estate.

Beth Collingz, International Marketing Director of PLC Global an internet based sales and marketing company and lead marketing partners with Pacific Concord Properties, Inc. , for the Lancaster Brand of Condotels in the Philippines, recently announced the company has set a December 2007 soft launch date for its Lancaster Suites Manila Tower I Condo Hotel rental operations.

Lancaster Suites, centrally located along Shaw Boulevard, Metro Manila some 200 meters from EDSA- Shaw Boulevard Light Rail Transit Station and the Ortigas Center business district, provides guest access to its own unique Mini Mall feature with prerequisites of the urban dweller. Property is all about LOCATION said Collingz. Schools, banks, hospitals, restaurants, and leisure are, shopping malls all found within a few minutes from the Condotel. This ideal location will complement the Condotel operation since Lancaster Suites Manila will function as a condominium hotel a preferred accommodation choice of businessmen and holiday travelers alike. Lancaster Suites, located a mere 5 minutes from such Ortigas landmarks as the SM Mega Mall, Shangri- La Mall, and the Asian, Edsa Plaza Hotel Development Bank, San Miguel Corporation and Banco de Oro Head Office, provides you with easy access to all the essentials of urban living. Clients can either purchase Condotel Suites for investment purposes or lease the units on weekly, monthly or yearly basis. Clients wishing to purchase units may do so and we currently have a few Executive Studio Suite and One- Bedroom Suites available at Lancaster Suites at Pre- Operational Prices that will be" Ready For Use from December 2007" . at the current price said Collingz.

For the soft launch, LHLPI will prepare special promotional room rates aimed at budget and business travelers whilst longer term discounted rates for monthly and yearly lease rentals are also to be made available said Collingz. All units at the Lancaster Suites have kitchen facilities. Included in the current price are the interior finishing s such as tiled& semi- fitted bathrooms, bedrooms with simulated wood plank flooring, semi- fitted living and dining area with simulated wood plank floorings and lower kitchen cabinets/ work tops installed. The standard unit price provides for the suite to be semi- finished but not fully furnished. Walls and ceilings are painted cement finish. Monthly condo dues or maintenance fees are currently around 80 pesos/ square meter of the unit floor area/ month. A complete optional extra interior fit- out package including unit fittings and fixtures, furniture s, furnishings, air- conditioning, lighting fixtures and appliances will be available towards the time the units are closer to being completed.

Prospective or existing unit buyers may avail of up to 15 year mortgages for the purchase of all Lancaster Suites Tower I Condotel units with minimum equity of 30% . The new financing scheme, a first providing Philippine Mortgages to Foreign Nationals residing overseas for Condotel units in the Philippines, is now available to unit owners( Filipinos, Filipino- Americans and Foreign Nationals alike) whom are looking to purchase a Condo Hotel Suite or refinance their investments through BDO s Home Loan. Banco De Oro( BDO) a commercial Bank in Metro Manila has just approved a buyer s financing or mortgage plans for Lancaster Suites Tower I Manila Condotel units. Lancaster Suites Tower I Manila Executive Studio Suites may be purchased with a Reservation Fee of- Pph- 25, 0000 then 30% Down Payment of- Pph- 659, 5834 within 30 days and the resulting balance payable over 12 equal consecutive monthly installments of- Pph- 128, 253Interest Free. Metro Manila remains a popular choice with international buyers and institutional investors. For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condotel Suite" Fit- Out" package including all required items of furniture s, furnishings, air, appliances- conditioning, dinnerware, kitchen utensils s, linens etc is now available for Studio Suites ranging from- Pph- 403, 7100 said Collingz. Collingz says clients tell her that it makes more sense to buy in a year- round vacation destinations and business centers.

Accessibility is also a factor. Lancaster- The Atrium Condotel developments by Pacific Concord Properties located in Shaw Boulevard, Metro Manila- fits the bill with all it offers to International buyers. Flights from London to Manila, average just 16, for example hours, add to that the many airline specials and it s easy to see why this area is becoming an international community. This gives buyers greater flexibility in choosing when to use and when to rent their property. Unlike other offshore rental properties, where the rental market is largely seasonal, in the Philippines there is a strong market for rental properties year round. The strong rental/ second home market also has resulted in a proliferation of professional property managers and rental agents, making property ownership and rental easy. Pacific Concord Properties Inc with it s flagship Lancaster Condotel Developments fit s the bill enthuses Collingz

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