Lancaster Cebu Resort Residences, located a mere 3 mins from Cebu International Airport in Matcan, Cebu, Philippines, has recently soft launched its condotel rentals together with on-line room reservations service. Visit the Condotel Rentals Website and book a room now.

Banco De Oro (BDO) a commercial Bank in Metro Manila has just approved a buyer's financing or mortgage plans for Lancaster Suites Tower I Manila Condotel units. Beth Collingz, PLC International Marketing Director stated that "The new financing scheme, a first providing Philippine Mortgages to Foreign Nationals residing overseas for the purchase of Condotel units in the Philippines, is now available to unit owners (Filipinos, Filipino-Americans and Foreign Nationals alike) whom are looking to purchase a Condo Hotel Suite or refinance their investments through BDO's Home Loan"

Lancaster Tower I Buyers can take advantage of this offer to free up some cash as well as to finance the fit-out of their units in the condotel pool or their business set up requirements in their commercial units or purchase preconstruction units in the new Lancaster Atrium Manila Condotels. “Many of my previous clients whom have purchased units in Lancaster Suites Tower I are now set to cash in on their equity by availing of the new 15 year financing option to be able to reinvest in new units at Lancaster Atrium which is currently on preconstruction selling” said Collingz

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What are the benefits to owning a Condotel Unit rather than other real estate investments?

Rent Revenue: Condotel units will produce rental revenues. That revenue can partially or completely offset the costs of owning and maintaining the Vacation Home and give a Real estate investor good rates on return on his investments from a low 8% to a high 16% ROI per annum depending upon the purchase price and terms of payment for the Condo Hotel Suite.

Appreciation Potential: The best selling point of Condotels as investment property is the rate at which they appreciate. Especially when purchasing at the pre-construction stage of the project. The rate of appreciation throughout the Philippines is generally negative in rural areas. However, cities such as Metro Manila and Cebu see steady annual property appreciation rates depending upon locations between 10% to 18%. The Philippines registered a net 12.5% real estate appreciation during 2007, the highest in South East Asia and preconstruction appreciation rates are much higher in 30% per annum range. Most Condotels are located specifically in areas that have seen and continue to see high appreciation rates such as Metro Manila and Mactan, Cebu. Furthermore, it is the Condotel Properties that are seeing higher appreciation rates than traditional single family homes and condos.