Condotel or Condo Hotel Property Investments in the Philippines

UK Tax Payers are taking advantage of tax incentives and Investing their Self-Invested Pension Plan [SIPP] In Philippine Condo Hotel Investment Real Estate for Rental Income and Retirement

Beth Collingz, PLC International Marketing Director for Pacific Concord Properties Lancaster Brand of Condo Hotels in the Philippines in a Press Conference with International Investors from the United Kingdom held recently at Shangri-La Mactan Resort Hotel in Cebu, reckoned - “Thousands of people in the UK are beginning to catch on”

A Self Invested Pension Plan [SIPP] is a personal pension plan but with one very significant difference: administration is separate from investment content, giving the plan holder freedom to choose for himself and change the investments within it. The long-awaited rules on what savers can include in their personal pension plans were unveiled in April 2006 by HM Revenue & Customs. The Guidance Notes confirm that the Chancellor is permitting Self Invested Pension Plan [SIPP] holders to invest in hotels such as the Lancaster Brand of Condo Hotels in the Philippines. The only stipulation is that SIPP holders may not stay in their rooms. With more nights available for paying guests, this not surprisingly increases the room owners’ returns. It is estimated there are now more than 70,000 plans holding over £14bn.

A year or so ago, few people in the UK realized that they could manage their Pension Plan portfolios themselves, and even fewer knew that they could invest their SIPP retirement money in homes in the sun which now prove to be among the most popular potential investments to include in a SIPP

If you’re considering using your SIPP to invest in real estate, there are some excellent reasons that you should choose Philippine Condotel Investment real estate to drive your retirement portfolio into high profit margins. The Philippines is ideal for this type of investment because a SIPP can establish title to a property in a country whose legal framework recognizes trusts – and a SIPP is simply another form of trust.

“Investing in foreign real estate is neither as risky nor as tricky as a lot of people would have you believe. While land and housing prices in the U.K. have soared astronomically in the past decade, the world real estate market is a far different story. It’s still possible to buy a preconstruction Condotel suite at Lancaster – The Atrium located in Metro Manila, Philippines, for less than GBP £30,000.00”.

Lancaster Manila Atrium Tower A, Shaw Boulevard, Metro Manila, Philippines is a “Full Service” Condominium Hotel ["Condotel"] offering Studio, One, Two and Three Bedroom Suites for sale. To be completed and ready for turnover from December 2011, the Lancaster Suites Manila Atrium Tower II will provide unit owners with premier residential condo units with the option of enrolling their units in the Lancaster Condotel Rental Pool and earn Rental Incomes [at current purchase levels] of some 8-14% ROI per annum as Owner Non-Residents when not using their units through Condotel Management. This makes Lancaster Suites one of the Hottest Investment Opportunities in the Philippines.

“The beauty of holding property in the Philippines is the low cost of property taxes and maintenance. A GBP £30,000 Condo Hotel suite may set you back GBP £200 in property taxes per year, and maintenance costs are similarly low. When you add in the tax-protected status of investments made in your IRA, and the up to 14% returns through rental income through the Condotel advantage, you have an incredible ROI on a purchase of Philippine Condotel investment real estate” enthused Collingz.

What’s the downside about owning Philippine Condotel Investment real estate as an SIPP investment? You cannot reside at your investment property as long as the SIPP is titled as the owner of the property. The self directed pension plan rules about benefiting personally from your investments are strict - you are not allowed to make use of any property owned by your SIPP, or you risk losing its tax-protected status and worse yet you could face penalties from HM Customs & Excise. You can, however, rent out your SIPP investment for steady income - putting the profits and cash flow into your SIPP, or sell your Philippine Real Estate Investment for immediate profit, as long as those profits remain inside the SIPP.

If you’re looking for an unusual and high earning investment for your SIPP, then take a serious look at owning Philippine Condotel investment real estate. It can help kick your SIPP earnings into high gear.

With the impending slowdown of the UK. housing market and failing pension plans, many investors are turning to using their SIPP’s to invest in overseas properties and earn tax-free or tax-deferred income. This creates an outstanding opportunity for by offering self-directed pension plan vehicle to invest in the Lancaster Suites Atrium Tower preconstruction units.

With preconstruction property appreciating at some 30% per annum not only does the Real Estate Appreciation look good but the rental income is in excess of what many Pension Plans offer for the same or similar investment.

Beth Collingz says that many new investors are looking to replace failed pension plans and other future saving schemes with a solid investment in Real Estate. “Clients are looking for investments that will give them an income for retirement as an alternative to traditional private pension plans that have failed. Most company pension plans are insufficient as are Government Pensions. Bank rates for Savings accounts are at record lows. Savvy investors are now looking for a more solid investment with potential for monthly income”.

”The potential high rate of rental returns from Condotel Investments, currently from 8% up to 14% per annum, opens up a huge market not traditionally looked at by Real Estate Agents and Brokers whom all so often run around looking for normal residential profile “buyers” without looking at the by far bigger picture of investments, investing and retirement. “We’re here to help our clients and advising them of emerging investment opportunities. Self-Invested Pension Plans and Lancaster Atrium Condo Hotel buy-to-let property, fit this bill exactly”; adds Collingz.

For further info regarding Lancaster Philippines Condo Hotel Investments using your UK SIPP [Self-Invested Pension Plan] please do not hesitate to contact us….

Beth Collingz
PLC International Marketing Networks
Pacific Concord Properties Inc.,
Manila Head Office
Shaw Boulevard, Mandaluyong City.
Metro Manila. Philippines
Phone: Manila [632] 717 1958
Fax: Manila [632] 718 1828

Pacific Concord Properties Inc.,
Cebu Branch Office
Lapu-Lapu City, Mactan.
Cebu. Philippines
Phone: Cebu [6332] 340 0721
Fax: [6332] 495 4938
EMail: plcsales@pldtdsl.net
Web: http://www.lancastersuites.com [Lancaster Condotels]
Web: http://www.condotel-manila.com [Lancaster Suites]
Web: http://www.condotel-sales.com [Lancaster Atrium]

Asian hotel investors and owners are gathering in Singapore this July 28th – 30th at the Copthorne King’s Hotel to discuss investment opportunities, major hotel, resort and condotel developments across the booming South East Asia market

Beth Collingz, Sales Director of PLC Global and lead partner with Pacific Concord Properties Inc’s Lancaster Brand of Condo Hotel developments in the Philippines said the Asian Hotel Investment Congress 2008 is the only dedicated hotel investment conference being held in Singapore that will bring together leading institutional investors, developers, hotel operators, financiers and suppliers to discuss investment opportunities, markets and major hotel developments across the booming South East Asia market.

Guest speaker, Ronald Lim, President/CEO of Pacific Concord Properties Inc, will present a Congress segment on Condo Hotel Investments in the Philippines using PCPI’s own Condotel developments as basis. Lim will discuss the Philippine Condotel Concept that he authored and implemented with emphasis on Condo Hotel Investments for institutional investors and for the retail market as alternative retirement pension plans and the Lancaster Brand of Philippine Condo Hotels – Lancaster Suites Manila, Lancaster – The Atrium Manila.

With huge investments flowing into infrastructure and as the Philippine government increase promotional efforts to encourage tourism, interest in hotel developments for business and leisure travel are hitting new highs. Investors and developers now have a unique opportunity to capitalize on the growing demand for hotels and hospitality services, and the returns on investments.

Condo Hotel Properties are being snapped up by agile investment funds as rents soar in the country. Investment Fund Managers and Private Investor Clubs tap their deep pockets to purchase real estate investments in the Philippine Condo Hotel market amid a marked shortage of Hotel rooms driving expected ROI through rental returns upwards of 14% per annum said Collingz.

“Rents which we thought we would get in two years we’re getting now”. Collingz expects rental income to rise 12.5 percent in the coming 6 months after gains of as much as 30 percent since June 2007. UK based Private equity units of banks and investment clubs, driven in part by the current strength of European currencies in international trading, are being attracted by returns in the Philippines as much as double those in the United States and Europe, are purchasing significant blocks of real estate for investment trusts for Asian commercial property.

“There are large amounts of capital now chasing increasingly limited investment-grade real-estate opportunities in Asia,” said Collingz. “We are in the closing stages of packaging the investment of private-equity real estate funds for new Condo Hotel developments in Manila and Cebu, with expected rental returns which continue to grow at a rapid pace.”

With funds raised for commercial property deals in Asia having doubled in each of the past five years, Collingz sees the market value of Condotel investments in the Philippines reaching new heights in 2008/9 as more developments come on line. Rising demand for homes, hotels, short and medium term rental accommodation, offices and shopping malls in the Philippines, home to a population of almost 80 million and with a significant number of the more than 10 million returning overseas Filipino ‘Baby Boomers’, is fueling rents.

Residential rents in Metro Manila rose 26 percent in six months to June 2008, their highest quarter-on-quarter increase in more than a decade, as more and more IT companies set up shop in the Philippines. Companies like Texas Instruments are investing $1B in expanded operations in the Philippines. High-end rents rose some 15 percent from a year earlier, said Collingz.

As property prices soar, Collingz projects that Rents in the region are set to effectively jump 12.5 percent per annum over the next five years, compared with 5.3 percent in the United States and 4.7 percent in Europe. Yields from 8 percent to as high as 14 percent ROI on rental income property contrast with the 4 percent to 5 percent that private equity firms get in the United States and Europe.

“People are in general looking to shift fund flows relatively towards Asia,” Collingz said. “It already has had a profound impact in markets where there’s a lot of this money chasing the same assets.” As the Singapore, Japan and Hong Kong markets become saturated, the Philippines will be the next real estate market to attract substantial overseas investments. Lower prices and retirees’ spending money are also directing foreign attention to residential condominium hotels in the Philippines, which in turn is driving up more construction.

“A lot of this interest is being driven by the relatively cheap market prices here compared to Europe and the easy payment options available for condominium hotel developments” Collingz said. “The buyers gain rental incomes that on today’s purchase prices give a projected ROI of some 8 to 14 percent depending on the mode of payment for the unit” she said.

The Congress is an opportunity to meet up with Ronald Lim and find out how you can tap into the high-yielding investment opportunities in hotels, investment returns for alternative condo hotel models and the Economic outlook for one of Asia’s hottest markets.

Simultaneous with the Singapore Road Show, PCPI representatives in Australia will also conduct a series of presentations in Sydney commencing early August until November 2008.

“Any of our existing Clients and Marketing Partners whom are interested to arrange or host group meetings with the Filipino Communities and Offshore Investors Groups or anyone else whom might be interested to find out more regarding the existing Lancaster developments and condotel investment opportunities in the Philippines can contact us to arrange meeting dates” said Collingz

Lancaster Manila Atrium Tower A, Shaw Boulevard, Metro Manila, Philippines is a “Full Service” Condominium Hotel ["Condotel"] offering Studio, One, Two and Three Bedroom Suites for sale. To be completed and ready for turnover from December 2011, the Lancaster Atrium will provide unit owners with residential condo units with the option of enrolling their units in the Lancaster Condo Rental Pool.

Condotel Investments in the Philippines are a Great Investment for Fil- Am’s whom visit Manila for Vacations or Business as they can earn rental Incomes [at current purchase price levels] of some 8-14% ROI per annum as Owner Non-Residents when not using their units through Condo Hotel Management and reciprocal arrangement with Lancaster Cebu Resort Residences. This makes Lancaster Suites one of the Hottest Investment Opportunities in the Philippines.

Pacific Concord Properties, Inc., Flagship Lancaster Suites Condotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila, one of the hottest Condo Hotel Investments in the Philippines adopts International Standard Escrow Trust Account “Buyer Safe” Easy Secure Payment Plans… with 6 year interest free payment terms or up to 12 year “In-House” financing available, full condo ownership and minimum monthly maintenance fees, as buyers or sellers of Real Estate you really should take a moment to look at this Philippine Condotel Investment Opportunity enthused Collingz.

All units at the Lancaster Suites have basic kitchen facilities. The standard unit price provides for the suite to be semi-finished but not fully furnished. Included in the current standard price 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. Walls and ceilings are painted cement finishes.

A complete optional extra interior fit-out package for either residential or Condotel use including unit fixtures, furnishings, furniture, lighting fixtures, appliances and other unit enhancements will be available towards the time the units are closer to being completed. Monthly condo dues are currently around 80 pesos/square meter of the unit floor area/month..

If anyone is interested to assist us, organize a small group, invite friends to join us or host any of the Lancaster Philippines Condo Hotel Investment Forums in Singapore and Australia, please do not hesitate to contact us….

Beth Collingz
PLC International Marketing Networks
Pacific Concord Properties Inc.,
Manila Head Office
Shaw Boulevard, Mandaluyong City.
Metro Manila. Philippines
Phone: Manila [632] 717 1958
Fax: Manila [632] 718 1828

Pacific Concord Properties Inc.,
Cebu Branch Office
Lapu-Lapu City, Mactan.
Cebu. Philippines
Phone: Cebu [6332] 340 0721
Fax: [6332] 495 4938
EMail: plcsales@pldtdsl.net
Web: http://www.lancastersuites.com [Lancaster Condotels]
Web: http://www.condotel-manila.com [Lancaster Suites]
Web: http://www.condotel-sales.com [Lancaster Atrium]

UK Hedge Funds and Property Investors are looking away from concentrated property areas like Paris and London’s West End to other markets all over the world, and Philippine Apart-Hotel or Condotel or Buy-to-Let rental properties fit the bill a new report states

PLC International Marketing Networks has revealed that some institutional investors are trying to diversify their property portfolios through areas like Southeast Asia, China and beyond - with the Philippines heading the list, then Thailand, Japan, China, and Singapore property investments featuring in some portfolios.

In the UK, “Investors are moving to new areas to find value” said Beth Collingz, Global Marketing Director of PLC International Marketing Networks based in Metro Manila and Cebu in the Philippines. “More and more of clients for buy-to-let Condo Hotel Investments are coming from the UK. There has been a distinct market shift from US based clients over the past few months and we see that trend continuing throughout 2008 well into 2009 as Sterling maintains its increase in value over the US Dollar.

“A lot of this interest is being driven by the relatively cheap market prices in the Philippines compared to Europe and the easy payment options available for our Condo Hotel Developments, but there are other factors, too. Offshore Property Investors, Foreign baby boomers as well as overseas Filipinos, are looking for ways to maximize their return on investments as they approach retirement, and so are purchasing second homes, particularly Condo Hotel Investments where they can use the Condo for vacations and rent it out through our In-House Condo Hotel Management when they are not using the unit thereby gaining rental incomes that on today’s purchase prices, give a projected ROI on their investments of some 8-14% depending upon the mode of payment for the unit”

Metro Manila remains a popular choice with international buyers and institutional investors. Collingz says clients tell her that it makes more sense to buy in a year-round vacation destinations and business centers. Lancaster - The Atrium Condo Hotel developments by Pacific Concord Properties located in Shaw Boulevard, Metro Manila - fits the bill with all it offers to International buyers.

Accessibility is also a factor. “Flights from London to Manila, for example, average just 16 hours, add to that the many airline specials and it’s easy to see why this area is becoming an international community.” 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. This gives buyers greater flexibility in choosing when to use and when to rent their property. 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

Lancaster Manila Atrium Tower A, Shaw Boulevard, Metro Manila, Philippines is a “Full Service” Condominium Hotel ["Condotel"] offering Studio, One, Two and Three Bedroom Suites for sale with the option of enrolling their units in the Lancaster Condotel Rental Pool and earn Rental Incomes as Owner Non-Residents when not using their units through Condo Hotel Management and reciprocal arrangement with Lancaster Cebu Resort Residences. This makes Lancaster Suites Manila, one of the Hottest Investment Opportunities in the Philippines said Collingz.

For further info regarding Lancaster Philippines Condo Hotel Investments please do not hesitate to contact us….

Beth Collingz
PLC International Marketing Networks
Pacific Concord Properties Inc.,
Manila Head Office
Shaw Boulevard, Mandaluyong City.
Metro Manila. Philippines
Phone: Manila [632] 717 1958
Fax: Manila [632] 718 1828

Pacific Concord Properties Inc.,
Cebu Branch Office
Lapu-Lapu City, Mactan.
Cebu. Philippines
Phone: Cebu [6332] 340 0721
Fax: [6332] 495 4938
EMail: plcsales@pldtdsl.net
Web: http://www.lancastersuites.com [Lancaster Condotels]
Web: http://www.condotel-manila.com [Lancaster Suites]
Web: http://www.condotel-sales.com [Lancaster Atrium]