PCPI Introduces no prequalification 12 Year Payment Plan for Philippine Condotel Suites

Added: (Sat Aug 02 2008)

Pressbox (Press Release) - Pacific Concord Properties, Inc., Flagship Lancaster Suites Condotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila is now offering 12 year payment plans for its residential and condo Hotel units and is one of the hottest Condotel Investments in the Philippines

Beth Collingz, PLC International Marketing Networks Director for Overseas Sales and Lead Marketing Partners with Pacific Concord Properties Inc., owner and developer of the Lancaster Brand of Condotels in the Philippines said the new 12 year payment plan, that is open to all buyers of Lancaster – The Atrium Condotel Suites whether local or foreign, is so easy to process – merely having to make a *Reservation Fee of Philippine Pesos [PHP] 25,000 for each residential unit and parking slots, *No Down payment required and *35% is payable in 48 equal monthly installments without interest, *15% payable in 4 equal annual installments without interest, payable on the 12th, 24th, 36th and 48th month in addition to the regular monthly installments and the remaining *50% payable in 96 equal monthly installments (from 49th to 144th month) with interest at 18% per annum on the 50% balance only.

Although there is a *Lock-in Period: Eight (8) years and *Other Conditions require all installments shall be covered by post dated checks, whereby upon signing of the contract to sell the buyer shall issue at least twenty six (26) checks covering the first 24 monthly installments and 2 annual lump sums – this new payment plan will very popular with overseas Filipinos looking to purchase investment property back home in the Philippines.

To be completed and ready for turnover from December 2010, the Lancaster Suites Manila Atrium Tower II will provide unit owners with premier residential condo units with option of enrolling their units in the Lancaster Condotel Rental Pool which makes the Lancaster Brand a great Investment for Fil-Am's whom visit Manila for Vacations or Business as they can earn Rental Incomes [at current purchase levels] of some 12-14% ROI per annum as Owner Non-Residents when not using their units through Condotel Management and reciprocal arrangement with Lancaster Cebu Resort Residences enthused Collingz.

Collingz said units at Lancaster Suites have basic kitchen facilities. The standard unit price [Semi Fitted Suites] provides for the suite to be semi-finished but not fully furnished or fitted. Included in the current standard basic price for the ‘Semi-Fitted’ units are the interior finishing’s such as tiled & fitted bathrooms, bedrooms with simulated wood plank flooring, semi-fitted living and dining area tiled floorings and lower kitchen cabinets/work tops installed. Ceilings and walls are painted cement finish, whilst buyers can also avail of fully furnished suites for clients intending to join the Condotel rental pool.