Buy to let rental property

1. Buy to Let Rental Property
Condotel Investments in the Philippines, 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. 20 Dollars a
day for 6 years will buy you a Studio Condotel unit in the Philippines with a projected ROI through rentals of some
500 dollars per month after 3 years. 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.
With many 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 on Hotel Accommodations, make the
Condotel investment an extremely attractive investment proposition. Beth Collingz, International Marketing
Director of PLC Global, a company specializing in Condo Hotel Sales and Investments in the Philippines for the
Lancaster Brand of Condotels, said that many new investors are looking to replace failed pension plans and other
future saving schemes with a solid investment in Real Estate. Many of my clients are looking for investments that
will give them an income for retirement as an alternative to traditional private pension plans that have failed.
Personally, I have always regarded Pension Plans as a glorified ‘Pyramid Scheme’. 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”
This potential, high rates of rental returns from Condotel Investments, currently about 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 Condotels 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 pitfalls of being an
amateur landlord. This is taken care of by the Condo Hotel Management” said Collingz.
One of my clients from Chicago, just purchased 4 Studio Condotel Suites in Lancaster – The Atrium Manila which is
currently in reconstruction sales. His plan is to retire in the Philippines in 2012, live in one of the Suites and receive
the Condotel rental income on the other three. His outlay for the purchase is only around 85 Dollars a day for 6
years by opting to purchase on a 6 year no prequalification, no down payment, no interest payment plan. Even
before completing payment for the units, he will be receiving some $1,500 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 reconstruction terms gives real estate appreciation of some 60-80% over 3 years. As Hotel Rates
increase yearly, so does the rental income” Foreign Nationals are legally allowed to purchase as much as 40% of
the total number of condominium units on the market at any given time. Overseas Filipinos and more and more
foreigners are now emerging as a market for Condotel units. Many or our clients are coming from different
countries like South Korea, Australia, United Kingdom, Saudi Arabia and other parts of the Middle East,” Collingz
said. Lancaster - The Atrium Tower II [which is the second Tower adjacent to the existing “Sold Out” Tower I] is
now accepting Reservations for Studio, One, Two & Three Bedroom Suites adopting 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, no management costs for Condotel Suites and minimum

2. monthly maintenance fees – “You really should take a moment to look at this Philippine Condotel Investment
Opportunity” enthused Collingz.
All units at the Lancaster Suites have kitchen facilities. The standard unit price provides for the suite to be finished
but not fully furnished. Included in the current price is are the interior finishing’s such as tiled & fitted bathrooms,
bedrooms with simulated wood plank flooring, living and dining area tiled floorings and lower kitchen
cabinets/work tops installed. A complete optional extra interior fit-out package including appliances will be
available towards the time the units are closer to being completed towards the latter part of 2009. Monthly condo
dues are currently around 80 pesos/square meter of the unit floor area/month.. The Lancaster Atrium Suites are
now available on the very affordable and competitive New Payment Plan that provides for Suites to be purchased
on a No Interest No Down Payment basis with 67% of the payment payable over 60 equal consecutive monthly
installments without interest and the 33% balance payable upon turnover of the unit or to be paid over an
additional 5 years from turnover through our hassle free no prequalification “In-House” Finance Plans…
The current selling price [effective March 1, 2007] for the Lancaster Manila Atrium Tower A Tax Exempt Studio
Units are Pesos 75,888 or $1,615.00 per sqm. The One Bedroom, Two and Three Bedroom Suites are priced at
Pesos 84,994.56 or $1,808.80 per sqm including Government Taxes [R-Vat 12%]. Units may be purchased on a Six
Year No Interest Charge Term of payment or longer term “In-House” financing plans. Turnover of units for Tower A
will be from December 2009/2010 All payments will be made to the Lancaster Suites Manila Atrium Tower A
Equitable PCI Bank Escrow Trust Account. It is anticipated, given the track record on sales of Tower I Units that
property appreciation for initial buyers of Tower A Atrium Units will be at least 60-70% of the turnover of units. For
more info about real estate housing alerts visit our site today