Investors buy up Philippine Condotel Investments as alternate Pension or Early Retirement Plans
Released on = July 8, 2007, 4:00 pm
Press Release Author = Beth Collingz
Industry = Real Estate
Press Release Summary = Pension or Early Retirement Plan investors are looking at Philippine Condotel Investments as an alternative supplemental income source
Press Release Body = Beth Collingz, International Marketing Director for PLC Global based in Manila, lead Marketing Partners for the Lancaster Brand of Condotels in the Philippines, said "the problem is, social security in many countries is on the verge of going bankrupt. Pension Plans are failing left and right and will continue to fail as many are glorified 'Pyramid Schemes' or rely solely upon the 'never ending chain' principal.
But the good news is Collingz' believes she has found the perfect solution for most people who want to retire. If you are considering a retirement plan. or if you simply want more money deposited into your bank account on a regular basis, Supplemental Retirement Income from Condotel Investments in the Philippines will dramatically improve your life. "Philippine Condotel Investments or Buy to Let Rental Property - a solid alternative to failing Pension Plans. Buy to Let rental properties are now being preferred to failing Pension Plans as more and more Filipinos and Overseas Property Investors look to the future and retirement" said Collingz.
"Overseas Filipinos and Offshore Property Investors looking to start saving for retirement, the Philippines with its comparative low cost of real estate yet high rates of Hotel Accommodations, make the Condotel investment an extremely attractive investment proposition. Clients are now looking at the preconstruction investment in a Lancaster Atrium Semi Fitted Studio Suite that may be Purchased on 12 Year Payment Plan Options that provides for Executive Studio [Semi Fitted] Suites to be purchased with a Reservation of only -Pph-25,000.00 for a 32.50sqm [350sqft] Studio then 48 consecutive monthly payments of only -Pph-17,801.58 [No Interest for the first 4 years]. During the first 4 years there is an Annual Lump Sum payable on the anniversary of the reservation date of -Pph-91,551.00 and thereafter continue the 96 consecutive monthly payments of -Pph-24,075.73 to complete the balance of the purchase price" Collingz said.
"Having paid 50 percent of the purchase price within 4 years the Studio Condotel will be ready for occupancy and thereafter income positive with a projected ROI through rentals of at least 500 dollars per month makes the remaining 96 monthly payments on the unit balance self liquidating" said Collingz, and with preconstruction property appreciating at some 20-30% per annum not only does the Real Estate Appreciation look good but after paying for the unit, the rental income is in excess of what many Pension Plans offer for the same or similar investment of only 50 percent of the purchase price for the unit.
The potential high rates of rental returns from Condo Hotel Investments, currently from 8% up to 16% per annum, opens up a huge market not traditionally looked at by Real Estate Agents and Brokers whom all so often run around like headless chickens looking for normal residential profile "buyers" without looking at the by far bigger picture of investments, investing and retirement. "We look at Condotels as pure investments. Not primarily as Real Estate. If you look at the Condo Hotel market as investing for future income, and think outside of the box, it is plain to see that Hotel Condominiums are not only real estate investments but more importantly income generating property. Think of Condotels as a Managed Pension Plan. After all, Condotel units are fully managed property. The owner of the property does not have the hassle of renting out the unit and contend with all the normal pit falls of being an amateur land lord. This is taken care of by the Condo Hotel Management" said Collingz.
"One of my clients from Chicago, just purchased 4 Studio Condotel Suites at Lancaster - The Atrium Manila which is currently in preconstruction sales with a plan to retire in 2012. His outlay for the purchase is only around 70 Dollars a day for 6 years by opting to purchase with a 30% down payment on a 6 year no prequalification, no down payment, no interest payment plan. Even before completing payment for the units, he will be receiving more than $2,000 a month in rental income in additional to any Government or Private Company Pension Plan. Better yet, the rental income is in tune with inflation and buying on preconstruction terms gives real estate appreciation of some 60-80% over 3 years. As Hotel Rates increase yearly, so does the rental income" Collingz said.
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