Condotel Investment Sales in Manila remain strong despite Global Crisis

(SANEPR.com) December 1, 2008 -- In just a few weeks, Philippine condo-hotel room investment specialists PLC International have sold almost €4 million worth of luxury hotel rooms at Lancaster – The Atrium Manila. Buy to let investors keen on finding outstanding finance deals have been attracted to the 12 year payment offer of 100% finance. These condo-hotel rooms can be bought for as little as £35,000 and are expected to generate 14%+ ROI

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 Condo Hotel 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 *50% is payable in 48 equal monthly installments without interest, and the remaining balance payable in 96 equal monthly installments (from 49th to 144th month) with interest at 18% per annum on the 50% balance only.

The Lancaster Suites Manila Atrium 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.

Pacific Concord Properties Lancaster Condotel developments have been accepted as property investment projects in the UK SBQ property & Land SIPP portfolio after extensive research provided through an independent firm of Business Management & Marketing Consultants with all due diligence completed by independent UK Solicitors. The UK based SBQ Property & Land SIPP [Self Invested Pension Plan"> portfolio is being handled by our UK marketing partners Graham Stuart & Associates said Collingz and is a low cost tax efficient structure that has been designed for those people who want to take control of their pension savings and are looking for a strategy that will generate an income any time after the age of 55.

Graham Stuart of Graham Stuart & Associates, based in Bolton UK said SBQ Property & Land SIPP portfolio now includes Philippine Condo Hotel rental income properties within its allowable framework as accepted investments in the [SIPP"> Self-Invested Personal Pension Plans. It’s a tax efficient pension strategy for UK investors in Philippine condotel investments for entrepreneurial minds.

Stuart said some of the benefits of the SIPP is you can transfer any of your current or paid up private pension funds, including Small Self Administered Schemes [SASS"> into the SIPP. You can have a SIPP as well as contribute to your Company pension fund. If you are self employed you can invest up tom 100% of your earnings [up to GBP £225,000.00"> into to SIPP. On every contribution you make to your SIPP we will reclaim 20% from the Inland Revenue on your behalf. Higher rate tax payers will be able to reclaim the balance through their tax return and with a SIPP you can draw an income from your personal pension fund and continue working.

With the SBQ property & Land SIPP you can also draw at least 25% of your fund as a tax free cash lump sum and leave the remainder invested until you need an income continued Stuart. If you die before using your SBQ Property & Land SIPP funds the balance can be passed to your relatives or other selected beneficiaries. Through the SBQ Property & Land SIPP you can purchase property or land assets available with the portfolio. Any remaining cash surplus [or rental income"> within your SIPP will be held in an interest bearing account that generates you 6.1% interest.

Stuart pointed out the limits of a conventional SIPP being that normally, conventional SIPPS are restrictive with the provider only allowing a limited range of assets to be held such as Cash, Stock and Shares [with one investment manager"> Insured arrangements [e.g. Trustee Investment Plans and Bonds, Units in an Authorized Unit Trust Scheme, Shares in an Open Ended Investment Company or a freehold or leasehold interest in ‘Commercial’ property whilst the advantages of the SBQ Property & Land SIPP is a low cost tax efficient structure for individuals and owner-managed private businesses who are looking for more flexible options and who want to take control of their own financial future. It is managed by the leading lights in UK Pension Law and has been skillfully structured to enable investors to hold a wider range of assets within the allowable framework of the SIPP. The structure also allows you to transfer existing pension funds [including paid up pension funds"> protected rights money and SSAS funds into the SBQ Property & Land SIPP said Stuart.

What makes the SBQ Property & Land SIPP different is that it already contains a unique portfolio of property and land investments that give you the ability to ‘gear up’ your pension fund. In the Philippines you can purchase an Apart-Hotel property with guaranteed rental income. Collingz said that Graham Stuart & Associates have been working to have the Lancaster brand included within the allowable investment structure of the SBQ Property & Land SIPP portfolio of Apart-hotels. These apart-hotel or condotel investments provide capital growth with a guaranteed return income. If you're considering using your SIPP to invest in real estate, there are some excellent reasons why you should choose Philippine apart-hotel or 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, from only GBP £35,000.00" 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 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 Condotel suite may set you back only 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 8-14% 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 20-30% 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.

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. Condotels in the Philippines fit the bill"

The SBQ Property & Land SIPP is regulated by the FSA and administered by an independent SIPP trustee Company. It provides a simple “tax efficient wrapper” for those wanting to maximize their own pension planning strategy. The carefully selected property investments within the portfolio have all due diligence carried out by an independent firm of UK Solicitors who handle the purchase process.

Philippine condotel investments can also be purchased without using a SIPP.