- Property: Studio Flat (Resale)
- Bedrooms: N/A
- Bathrooms: 1
- Receptions: N/A
Studio in Manila, Philippines
Blue chip developer with excellent track record ? Pacific Concord has won many awards and is featured in the Filipino ?Superbrands? coffee table book, Lancaster Suites (the first tower) was completed on time, is fully operational and is making returns for investors, Construction at Atrium is well underway and is ahead of schedule ? please ask us for the latest site photos, Fully managed and fully furnished, so hands-free investing!, Above average yield projections (8% plus), Above average capital growth projections (circa 20% pa historically in Ortigas and still climbing), Easy exit strategy being in the heart of the CBD, Just 30% down to secure a unit, 70% non status finance at ZERO % interest, Fully furnished units from just $80k USD so just $24k USD down!
Lancaster Atrium is the second tower of a world class triple skyscraper development in the heart of Manila, the capital of the Philippines. The project has a genuine prime city location set in the thriving business district of Ortigas - home to the famous SM Mall, the Shangri La Plaza and Hotel and the world class Wack Wack Golf and Country Club which Lancaster Atrium overlooks. With low entry pricing and very favourable financing terms (0% interest), this is diamond class real estate in the best part of town.
The entrance to the tower is a feast of glass and marble, with a huge lobby, reception, and mezzanine level featuring a cigar room, business centre, bars and restaurants. The tower will be 40 floors high, with a range of stunning properties available - oversized studios, one bedroom units, two bedroom units, two bedroom duplex units, three bedroom duplex units and huge, luxurious penthouses at the top. The very top deck of the tower will house a beautifully designed swimming pool and open air lounge bar plus a private club for guests and members. The views from the upper floors are outstanding.
The Philippines is the second-largest archipelago on the planet, with over 7,000 individual islands counted within its borders. It is a true Asian tiger economy. Manila has become the trading post of choice for global companies needing an Asian base. The level of education in the Philippines is excellent, with most locals speaking and writing excellent English. The cost of labour is lower than in other Asian cities and with 3 airports all within 30 mins of the centre of the capital, from Manila you can fly pretty much anywhere, anytime.
Manila is home to the super mall - there are high class malls almost everywhere in the centre, with shops stocked with Prada, Gucci and other international brands, there are also some hyper cool cafe and lounge bars, sophisticated restaurants and hip night clubs. There are a range of 5 star hotels throughout the city, Hyatt, Shangri La, Intercontinental etc. Manila is a thoroughly modern Asian city - busy, noisy and absolutely booming!
In the thriving business district of Ortigas, The Lancaster Atrium is in a seriously prime location - in fact it could not be better. It is within easy walking distance of hotels, restaurants, the mega malls and Wack Wack Golf and Country Club - one of the first and finest golf courses in the Philippines. Views from the towers stretch out across the city panorama which looks dazzling at night, or out across the pristine golf course. Next to the towers is the cities most expensive neighbourhood, a community of $million dollar mansions for the nouveau riche and the odd expat.
There is 70% in-house financing for unit investors, provided by PCPI. This is interest free, over 6 years, in 72 equal monthly payments. The finance is non status and is available to all foreign buyers. This in house financing makes this development the most competitive condotel development in Manila for foreign investors.
Owners wishing to put their units into the rental pool may do so. Yields should begin in year one of operations at 8% net, rising to 12% net. Rental income is paid quarterly. Payments can be made to any bank account (can be international, does not have to be a Philippines bank account).
The rental returns are realised by a straight 50/50 split on the gross rental income between PCPI's in house management company and the owner.
Interested investors may reserve a unit(s) for 5 working days totally free of any commitment. Please kindly request the latest pricing and availability either by phone or email, my contact details are at the base of this email.
The tenure of all residential units within the tower is Freehold Strata Title. There are no restrictions for foreign buyers.
There is a 12% VAT to pay in the Philippines which has already been built into the price. The VAT does not apply in full to the studios (known in this project as executive suites) as only a small proportion of the studio cost is over the VAT minimum threshold. To avoud any confusion, please note that the attached pricing and availability quotes prices in terms of TCP (Total Contract Price) and also TCP w/VAT (Total Contract Price With VAT) which therefore tells you exactly what the contract price will be.
PCPI is 9 years old. Company history can be found on their site (www.pacificconcord.com.ph)
Tower 1 (The Lancaster Suites) is already complete and has been fully operational since January 2008
Completion of Tower 2 will be completed in 2011.
Completion of Tower 3 will be completed in 2012.
If you are interested in tentatively reserving a unit a property, subject to satisfactory due diligence in The Lancaster Atrium, please let us know.