Condotel or Condo Hotel ? What are Condominium Hotels ? Part hotel and part condominium, a Condo-Hotel is less a puzzle than its name suggests. Also known as “Condotels” these structures mix the popularity of a second home in a resort area with the amenities of a condominium and the convenience of a hotel room. The result is an individually fully owned condominium unit that can be rented out as a hotel suite when its owner is absent. Condotels date from the ‘70s, but they have really caught fire in the past few years, with Pacific Concord Properties leading the Philippine Market Place with it’s Lancaster Suites Developments appreciating at a white-hot pace and selling out in record time. So how does a Condotel operate? Condotels generally look just like hotels and unit owners who want to spend time in their units must call and make reservations, just as they would for a hotel. When they are not staying in their Condotels, owners have the option of leaving their units empty or renting them out. If they choose to rent out their units, owners can use the on-site rental/management office to handle all the details, including booking and cleaning, and pay about 40 percent of the overnight fee for that service. If unit owners want to keep 100 percent of the hotel fee, they can handle the cleaning and booking themselves, including negotiating or setting the rate. Either way, the Condotel is able to generate substantial income for the owner, helping defray the cost of a residence in a popular destination spot. Unlike condominiums, Condotels like the Lancaster Cebu Resort Residences are sold with furnishings, including furniture, appliances, and professionally-designed interiors; and, generally have more amenities than do conventional condominiums. Typical features at the Lancaster Cebu will include, Full Concierge, 2 Pools, one for the Kid’s and another Free-Form Swimming Pool & Deck, Sports Bar, Casual Al Fresco Dining Facilities and Coffee Shop. In the area of corporate structure, Condotels are generally guided by the same laws as a conventional condominium. At Lancaster Cebu Resort Residences, Mactan, Cebu, in the Philipiines, which is representative of Philippine Condotels, each unit owner gets a vote (owners with two units get two votes) and all owners vote on a fifteen-person board of directors. Board meetings will be held once a month and are open to all unit owners, with a forum set aside for owners wishing to speak their minds. Any expenditure over Pesos: 50,000 needs a majority vote by owners, and voting is done by sending out ballots and counting those that are returned. There is no requirement for a physical quorum of owners to be present for actions to be taken. A major difference between Condo-Hotels and Condominiums is that most of the former set limits on residency. At Lancaster Suites Manila, Condotel owners have the continuing choice, those whom have enrolled in the “rental pool” can use their units for up to 30 days taken during the calendar year, whilst unit owners whom do not wish to rent their units, can use their Suite as a permanent residence and enjoy the privilege of living in a Hotel 365 Days A Year ! This is the same for the Lancaster Cebu developments of Pacific Concord Properties Inc, where the unit owners may use their own units for up to 30 days during the calendar year, says Beth Collingz of PLC International Marketing Networks in Mactan, Cebu, whom projects a stay at a two-bedroom Condotel suite will go for $600 a week with a surcharge of $10 a night during holiday weekends, she says. With so much money to be made during peak times, many owners face difficult decisions about using their Condotels. Scheduling their own vacations during peak times cuts into their prime income period; but that time is also considered the best time for vacations, so monetary considerations are often weighed carefully against rest and recreation. Collingz says owners fall into a number of different classes, depending on their relative need for rental income or leisure. “There’s a bunch of different types. We have people who bought it with the intention of using it as a vacation property and others whom just invest in real estate for purposes of earning more than they would if they keep the money in the Bank. Some of my clients don’t even live in the Philippines and have never seen the property. They bought it solely for investment purposes. And we have some who don’t rent it at all. There are a small handful of owners who do not want to use the rental program, because they’re so comfortable living in a Hotel environment, specially the retired Fil-Am’s and Japanese whom make the Philippines their Retirement Haven” In Manila at the Lancaster Suites Atrium Tower II, a 355-square-foot Studio Condotel Suite costs from $36,850 to $53,550 whilst a 785-square-foot Two-Bedroom Condotels cost from $86,350 to $140,000, while existing unit owners could resell their Lancaster Suites Tower I units for $45,000 to $220,000 and take a 70% ROI and purchase pre-selling Condotel Units in Tower II, says Kenji Kobayashi, an International Property Investor who owns three Condotel Units in the Lancaster developments On Mactan, Cebu, Kobayashi says, Studios at the Lancaster Cebu Resort Residences, within walking distance of the Cebu International Airport and the thriving Mactan IT Zones, cost from $52,000 to $59,000 fully furnished. And these Studios are sold out in a matter of hours from publication. Condotel unit prices have added an asterisk to the promise of Condotels being self-supporting. Many who bought into Lancaster Cebu at the pre-selling stage, says Kobayashi, will be able to enjoy week-long vacations during peak months, while the rental income covers all expenses, including taxes, installment payments, and monthly condo dues or assessments. On the question of Condotels being a break-even proposition while building up equity for their owners, Collingz says, “There’s no easy answer. It all depends on your purchase price. However, If you get in on the Current Purchase Price for the Lancaster Cebu Studio Suites over the next few weeks then the projected rental incomes will go a long way to covering the monthly overhead of the unit. The Smart Investment Opportunity Now Available From Pacific Concord Properties Inc Now presents Investors with the limited opportunity of purchasing Condotel Units at the pre-construction price for the Lancaster Suites Manila Atrium Tower II development. Collingz advises would-be investors to take the long-term view. “People have to keep in mind that it’s an investment, and a long-term investment. They have to look at the big picture, building equity. It’s an investment property, much like a second home. It might not be immediately that you make money off it, but in the long run you will. Moreover, buying a Pre-Construction unit from Pacific Concord Properties is Risk Free, Safe and Secure because we are the only Philippine Real Estate Developers operating an Internationally accepted standard of Escrow Trust Account Banking for all buyer’s payments, this assures buyer security and completion of the development. All Lancaster Atrium Tower II buyer’s whom get in now enthuses Collingz, will make at least 80% in property appreciation, probably 100% by completion and occupancy late 2010 and at today’s buying price the projected rental incomes in 2010 could present the investor with an annual ROI of more than 20% on his initial investment” Pacific Concord Properties, Inc., Flagship Lancaster Suites Condotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila, one of the hottest Condotel Investments in the Philippines To be called Lancaster - The Atrium [which is the second Tower adjacent to the existing “Sold Out” Tower I] we are 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, no enrollment charges for joining the Condotel Rental Pool, 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 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 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. 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. This makes Lancaster Suites one of the Hottest Investment Opportunities in the Philippines. Units at the Lancaster Suites have basic kitchen facilities. The standard unit price [Option 2 – 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. Units are also available on a Bare Unfinished basis [Option 1 – Bare Unfinished Units] for clients intending to fit-out their own suites or avail of the Condotel completion at a later date. A complete Condotel Suite optional extra interior fit-out package including unit fixtures and fittings, furniture’s, furnishings, light fittings and fixtures and appliances including air-conditioning will be available towards the time the units are closer to being completed towards the latter part of 2010. Monthly condo dues are currently around 80 pesos/square meter of the unit floor area/month. Executive Studio Deluxe Suites [Option 2 - Semi Fitted Suites] Price Effective: May 25, 2007. Prices Quoted in Philippine Pesos [PHP] Lancaster Atrium Tower A Executive Deluxe Studio Suites. Average Floor Area 32.50 square meters [350sqft] at -Php-75,888.00/sqm. -Php-2,466,360.00. These units are either facing towards Ortigas Center overlooking Pasig towards Laguna de Bay and Antipolo or overlooking Mandaluyong, Makati and towards Manila Bay or Swimming Pool Deck. All units within the Lancaster Suites Manila Atrium. The Current Offer for a Studio Suite provides that it may be purchased with Reservation -Php-25,000.00 and Balance Payable without interest over 72 consecutive equal monthly payments of -Php-33,907.78. Alternatively Save -Php-146,481.92 by making Reservation -Php-25,000.00 then within 30 days a 30% Net Discounted Down Payment of -Php-585,926.40 and Balance payable without interest over 72 consecutive equal monthly payments of -Php-23,735.44. Lancaster Atrium Executive Deluxe Studio Suites are also available on affordable and competitive New Payment Plan that provides for Executive 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 of the contract price 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... Pay -Php-25,000.00 Reservation for a 32.50sqm [350sqft Executive Studio [Contract Price -Php-2,466,360.00] then 60 consecutive monthly payments of -Php-27,261.85 with the balance of -Php-805,648.80 either payable in cash on turnover or to be financed over another 60 months payment plan..... Cash Payment option, take 20% discount [Save -Php-493,272.00] make Reservation [-Php-25,000.00] and within 30 days pay 90% [-Php-1,753,279.20] the remaining 10% [-Php-194,808.80] on unit turnover from December 2010 Lancaster Atrium Semi Fitted Studio Suites may now be Purchased on 12 Year Payment Plan Options The New Twelve [12] Year Payment Plan 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 [Contract Price -Pph-2,466,360.00] 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. One Bedroom Corner Suites [Option 2 – Semi Fitted Suites] Price: May 25, 2007. Prices Quoted in Philippine Pesos [PHP] Lancaster – The Atrium Tower A One Bedroom Corner Suites. Average Floor Area 62.82 square meters [675 sqft] at Philippine Pesos -Pph-84,994.56/sqm. -Pph-5,339,358.26 [Including Taxes] These units are all Corner Suites either facing towards Ortigas Center overlooking Pasig towards Laguna de Bay and Antipolo, Samat Street overlooking Mandaluyong, Makati and towards Manila Bay and the Swimming Pool Deck. All units are within the Lancaster Suites Manila Atrium. Current Special Offer for a One Bedroom Suite provides that it may be purchased with a Reservation Fee -Pph-25,000.00 and Balance Payable without interest over 72 consecutive equal monthly payments of -Pph-73,810.53. Alternatively Save -Pph-318,861.64 by making Reservation -Pph-25,000.00 then within 30 days a 30% Net Down Payment of -Pph-1,275,445.98 Balance payable without interest over 72 consecutive equal monthly payments of -Pph-51,667.37. Lancaster Atrium One Bedroom Corner Suites are available on affordable and competitive New Payment Plan that provides for Executive 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 of the contract price 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... Pay only -Pph-25,000.00 Reservation for a 62.82 sqm [675 sqft One Bedroom Suite [Contract Price -Pph-5,339,358.26] then 60 consecutive monthly payments of only -Pph-59,343.67 with the balance of -Pph-1,753,738.23 either payable in cash on turnover or to be financed over another 60 months payment plan..... Cash Payment option, take 20% discount [Save -Pph-1,067,871.65] Reservation –Pph-25,000.00 then within 30 days pay 90% [-Pph-3,821,837.95] and the remaining 10% [-Pph-424,648.66] on unit turnover from December 2010 Lancaster Atrium Semi Fitted One Bedroom Suites may now be purchased on 12 Year Payment Plans The New Twelve [12] Year Payment Plan provides for One Bedroom [Semi Fitted] Suites to be purchased with a Reservation of only -Pph-25,000.00 for a 62.82sqm [675sqft One Bedroom Suite [Contract Price -Pph-5,339,358.26] then commecning within 30 days, 48 consecutive monthly payments of only -Pph-38,750.53 [No Interest for the first 4 years]. During the first 4 years there is a Annual Lump Sum payable on the anniversary of the reservation date of -Pph-199,288.43 and thereafter 96 consecutive monthly payments of -Pph-52,408.11 to complete balance of the purchase price. One Bedroom “Loft Type” Suites [Option 2 - Semi Fitted Units] Price: March 1, 2007. Prices Quoted in Philippine Pesos [PHP] Lancaster Atrium Tower A Executive 1 Bedroom "Loft Type" Suites. Floor Area 50.69 sqm [546 sqft] currently priced at Philippine Pesos -Pph-84,994.56/sqm. -Pph-4,308,374.25 [Including Taxes] These 2-Storey ‘Loft Type’ units are overlooking the Swimming Pool Deck. All units within Lancaster Suites Manila Atrium. Current Special Offer for a One Bedroom "Loft Type" Suite provides purchases with a Reservation Fee -Pph-25,000.00 and Balance Payable without interest over 72 consecutive equal monthly payments of only -Pph-59,491.31. Alternatively Save -Pph-257,002.19 by making Reservation -Pph-25,000.00 then within 30 days a 30% Net Down Payment of -Pph-1,028,009.82 resulting Balance payable without interest over 72 consecutive equal monthly payments of -Pph-41,643.92. Lancaster Atrium One Bedroom "Loft Type" Suites are available on affordable and competitive New Payment Plan that provides for Executive 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 of the contract price 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... Pay -Pph-25,000.00 Reservation for a 50.69 sqm [546 sqft One Bedroom "Loft Type" Suite [Contract Price -Pph-4,308,374.25] then 60 consecutive monthly payments of -Pph-50,792.22 with balance -Pph-1,501,023.90 either payable in cash on turnover or to be financed over another 60 months payment plan Cash Payment option, take 20% discount [Save -Pph-649,528.44] Reservation -Pph-25,000.00 then within 30 days pay 90% [-Pph-3,270,461.23] and the remaining 10% [-Pph-363,384.58] on unit turnover from December 2010 Lancaster Atrium Semi Fitted One Bedroom Bi-Level Suites may now be purchased on 12 Year Payment Plans The New Twelve [12] Year Payment Plan provides for One Bedroom [Semi Fitted] Suites to be purchased with a Reservation of only -Pph-25,000.00 for a 50.69sqm [546sqft One Bedroom Suite [Contract Price -Pph-4,308,374.25] then commecning within 30 days, 48 consecutive monthly payments of only -Pph-31,232.94 [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-160,626.53 and thereafter 96 consecutive monthly payments of -Pph-42,240.95 to complete the balance of the purchase price. Two Bedroom Loft Type Suites [Option 2 - Semi Fitted Suites] Price: May 25, 2007. Prices Quoted in Philippine Pesos [PHP] Lancaster - Atrium Tower A Executive Two Bedroom Loft Type Suites. Floor Area 75.67 square meters [815sqft] at Philippine Pesos -Pph-84,994.56/sqm. -Pph-6,431,538.36 [Including Tax] These units are all 2-Storey "Loft-Type" Suites either facing towards Ortigas Center overlooking Pasig towards Laguna de Bay and Antipolo, Samat Street overlooking Mandaluyong, Makati and towards Manila Bay and the Swimming Pool Deck. All units are within Lancaster Suites Manila Atrium. The Special Offer for a Two Bedroom Suite provides that it may be purchased with a Reservation Fee -Pph-25,000.00 and the Balance then Payable without interest over 72 consecutive equal monthly payments of -Pph-88,979.70. Alternatively Save -Pph-384,392.27 by making a Reservation -Pph-25,000.00 then within 30 days a 30% Net Down Payment of -Pph-1,537,569.21 and Balance payable without interest over 72 consecutive equal monthly payments of -Pph-62,285.79. Lancaster Atrium Two Bedroom 'Loft Type" Suites are available on affordable and competitive New Payment Plan that provides for Executive 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 of the contract price 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... Pay -Pph-25,000.00 Reservation for a 75.67 sqm [815 sqft] Two Bedroom "Loft Type" Suite [Contract Price -Pph-6,431,538.36] then 60 equal consecutive monthly payments of only -Pph-71,539.68 with the balance of -Pph-2,114,157.66 either payable in cash on turnover or to be financed over another 60 months payment plan. Cash Payment option, take 20% discount [Save -Pph-1,286,307.67] Reservation -Pph-25,000.00 then within 30 days pay 90% [-Pph-4,608,207.62] and the remaining 10% [-Pph-512,023.07] on unit turnover from December 2010 Lancaster Atrium Semi Fitted Two Bedroom Bi-Level Suites may now be purchased on 12 Year Payment Plans The New Twelve [12] Year Payment Plan provides for Two Bedroom [Semi Fitted] Suites to be purchased with a Reservation of only -Pph-25,000.00 for a 75.67sqm [815sqft Two Bedroom Suite [Contract Price -Pph-6,431,538.36] then commencing with 30 days, 48 consecutive monthly payments of -Pph-46,714.34 [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-240,245.19 and thereafter 96 consecutive monthly payments of -Pph-63,178.76 to complete the balance of the purchase price. Three Bedroom “Loft-Type Corner Suites [Option 2 – Semi Fitted Suites] Price: May 27, 2007. Prices Quoted in Philippine Pesos [PHP] Lancaster - Atrium Tower A Executive Three Bedroom Loft Type Suites. Floor Area 106.00 square meters [1140sqft] at Philippine Pesos -Pph-84,994.56/sqm. -Pph-9,009,423.36 [Including Taxes] These units are all "Corner Suites" either facing Ortigas Center overlooking Pasig towards Laguna de Bay and Antipolo or overlooking Mandaluyong, Makati towards Manila Bay and Swimming Pool Deck. All units are within Lancaster Suites Manila Atrium. The Current Special Offer for the Three Bedroom Suites provides purchases can be made with only -Pph-25,000.00 Reservation Balance Payable without interest over 72 consecutive equal monthly payments -Pph-124,783.66. Alternatively Save -Pph-539,065.43 by making the Reservation -Pph-25,000.00 then within 30 days 30% Net Discounted Down Payment of -Pph-2,156,261.61 and Balance payable without interest over 72 consecutive equal monthly payments -Pph-87,348.56. The Lancaster Atrium Three Bedroom Corner Suites are available on affordable and competitive New Payment Plan that provides for Executive 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 of the contract price 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... Pay -Pph-25,000.00 Reservation for a 106.00 sqm [1140 sqft Three Bedroom Suite [Contract Price -Pph-9,009,423.36] then 60 consecutive monthly payments of only -Pph-100,326,06 with balance of -Pph-2,964,859.71 either payable in cash on turnover or to be financed over another 60 months payment plan. Cash Payment option, take 20% discount [Save -Pph-1,801,884.67] Reservation -Pph-25,000.00 then within 30 days pay 90% [-Pph-6,464,284.82] and the remaining 10% [-Pph-718,253.87] on unit turnover from December 2010 Lancaster Atrium Semi Fitted Three Bedroom Bi-Level Suites may now be purchased on 12 Year Payment Plans The New Twelve [12] Year Payment Plan provides for Three Bedroom [Semi Fitted] Condotel Suites to be purchased with a Reservation of only -Pph-25,000.00.00 for a 106.00sqm [1160sqft Three Bedroom Suite [Contract Price -Pph-9,009,423.36] then 48 consecutive monthly payments of only -Pph-65,511.42 [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-336,915.88 and thereafter 96 consecutive monthly payments of -Pph-88,600.85 to complete the balance of the purchase price. Three Bedroom Bi-Level Penthouse Suites [Option 2 – Semi Fitted Suites] Price: May 25, 2007. Prices Quoted in Philippine Pesos [PHP] Lancaster Atrium Tower A Bi-Level Three Bedroom Penthouse Suites. Floor Area 136.30 square meters [1467 sqft] at Philippine Pesos -Pph-92,834.56/sqm. Contract Price -Pph-12,653,350.53 [Including Taxes] These units are all 2-Storey Loft-Type or Bi-Level Suites" either facing Ortigas Center overlooking Pasig towards Laguna de Bay and Antipolo or overlooking Mandaluyong, Makati towards Manila Bay. Current Special Offer for Penthouse Suites provide purchases with -Pph-25,000.00 Reservation and Balance Payable without interest over 72 consecutive equal monthly payments -Pph-175,393.76. Alternatively Save -Pph-757,701.04 by making Reservation -Pph-25,000.00 then within 30 days 30% Net Down Payment of -Pph-3,030,804.13 and Balance payable without interest over 72 consecutive equal monthly payments -Pph-122,775.63. Lancaster Atrium Penthouse Suites are available on affordable and competitive New Payment Plan that provides for Executive 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 of the contract price 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... Pay -Pph-25,000.00 Reservation for a 136.30 sqm [1467 sqft One Bedroom Suite [Contract Price -Pph-12,653,350.53] then 60 consecutive monthly payments of only -Pph-141,016.58 with balance of -Pph-4,167,355.67 either payable in cash on turnover or to be financed over another 60 months payment plan. Cash Payment option, take 20% discount [Save -Pph-2,530,670.11] Reservation -Pph-25,000.00 then within 30 days pay 90% [-Pph-9,087,912.38] and the remaining 10% [-Pph-1,009,768.04] on unit turnover from December 2010 Lancaster Atrium Semi Fitted Three Bedroom Bi-Level Penthouse Suites may now be purchased on 12 Year Payment Plans The New Twelve [12] Year Payment Plan provides for Three Bedroom [Semi Fitted] Bi-Level Penthouse Suites to be purchased with a Reservation of only -Pph-25,000.00 for a 136.30sqm [1467sqft Penthouse Suite [Contract Price -Pph-12,653,350.53] then 48 consecutive monthly payments of only -Pph-92,081.72 [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-473,563.14 and thereafter 96 consecutive monthly payments of -Pph-124,535.83 to complete balance of purchase price. Available Lancaster Mall Shops, Restaurants & Store Units Price May 25, 2007. Prices quoted in Philippine Pesos [PHP] Lancaster Atrium Tower A Shops, Restaurants & Store Units. Example: Floor Area 45.11 sqm [485sqft] at Pph-95,760.00/sqm. -Pph-4,319,733.60 [Including Taxes] These units are all within the Lancaster Shopping Mall located on the Lower & Upper Ground Floors of the Podium. Current Special Offer for the example 45.11sqm Lower Ground Floor Shops, Restaurants and Store units provide purchases with -Pph-50,000.00 Reservation and Balance Payable without interest over 72 consecutive equal monthly payments -Pph-59,301.86. Alternatively Save -Pph-256,183.94 by making the Reservation -Pph-50,000.00 then within 30 days 30% Net Down Payment -Pph-1,024,736.06 and Balance payable without interest over 72 consecutive equal monthly payments -Pph-41,511.30. Pay Cash and take 20% discount [Save -Pph-863,946.72] by making the Reservation -Pph-50,000.00 then within 30 days pay 90% [-Pph-3,065,208.19] and 10% [-Pph-340,578.69] on unit Turnover from December 2010 Please note; these are average floor areas. Actual unit sizes vary from floor to floor. Please note all Unit offers on Cash Basis will be given Priority Reservation Status. Prices quoted are in Philippine Pesos [Effective May 25, 2007] All Lancaster [Semi-Fitted Option 2] Residential Suites Unit Features Include: * Vitrified ceramic tiles in living, dining areas * Ceramic tiles in kitchen and toilet and bath * Toilets with mechanical ventilation * Plastered cement walls and ceilings’ with painted finishes * Provisions for split type air-conditioners For a Copy of the Lancaster Suites Slide Show Presentation... Copy and paste the following URL directly into your Web Browser http://www.lancastersuites.com/lancastersuites-gallery/index.php For further info 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 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] This ad has had 48,856 displays and 1,664 readers