Lancaster Atrium Manila Tower A. Shaw Boulevard, Metro Manila.
Available Executive Studio Suites [Semi Fitted Suites]
Update June 30, 2008 [Manila 6.00am]

Anyone Considering Philippine Real Estate Investments Should Move Now

Construction costs in the Philippines are seen to increase by more than 35% this year due to record oil, steel and cement and global shipping price rises on the back of US Dollar devaluation.

Nearly all construction materials used in the development of Philippine high-rise buildings are imported. With the strong depreciation of the US Dollar value in the South-East Asia combined with record high oil prices that may see crude hit 150/160 USD per barrel in July and August 2008, construction materials exported from China, Korea, Malaysia and Taiwan, together with their shipping costs, continue to increase in price at a phenomenal rate as exporters of steel reinforcement bars, electrical wirings, aluminum, copper based components and Portland cement in the region set upwards of 40/50% price increases.

Beth Collingz, PLC International Marketing Networks Sales Director and lead Marketing Partners for Pacific Concord Properties Inc’s Lancaster Brand of Philippine Condo Hotels anticipates very substantial increases in construction costs over the next 18-24 months will force developers in the Country to make adjustments to their selling price for new condo developments going up in Manila and other cities.

Anyone considering Philippine Real Estate Investments should move now and lock in at current price levels said Collingz who’s Lancaster Condo Hotel brand offer the security of International Standards of Trust Account Escrow Banking facilities for all buyers’ payments. We are looking at another round of 10% price increases within the next 30 days [effective July 16, 2008] on all our inventories of Condo Hotel units at both Lancaster Suites and Lancaster - The Atrium Manila. Now is the time to invest in Philippine Real Estate and lock in at current price levels said Collingz who’s Lancaster Condo Hotel brand offer the security of International Standards of Trust Account Escrow Banking facilities for all buyers payments.

Lancaster Atrium Tower A Suites are now available as Semi Fitted Suites on the very affordable and competitive New Payment Plan that provides for Suites to be purchased on a 12 year “In-House” simple no prequalification developer financed Payment Plan.

The new 12 year payment plan, that is open to all buyers of Lancaster – The Atrium Condotel 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 *35% is payable in 48 equal monthly installments without interest, *15% payable in 4 equal annual installments without interest, payable on the 12th, 24th, 36th and 48th month in addition to the regular monthly installments and the remaining *50% payable in 96 equal monthly installments (from 49th to 144th month) with interest at 18% per annum on the 50% balance only.

Although there is a *Lock-in Period: Eight (8) years and *Other Conditions require all installments shall be covered by post dated checks, whereby upon signing of the contract to sell the buyer shall issue at least twenty six (26) checks covering the first 24 monthly installments and 2 annual lump sums – this new payment plan will very popular with overseas Filipinos looking to purchase investment property back home in the Philippines.

All payments will be made to the Lancaster 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% on turnover of units.