O'conner

Interest in the Philippines house accommodations field has increased dramatically before two years following several years of sporadic growth and connection with other shared title vehicles, claims Beth Collingz in her current report: 'Condominium Hotels-The Philippines Latest Hotel Phenomenon'

Beth Collingz, Overseas Marketing Director, Investment Sales for PLC International Marketing the cause marketing partners for Pacific Concord Properties Inc's Lancaster Brand of Condotels in the Philippines explained: A house hotel is a hotel operating device that is offered to individual equity people, where each manager receives a, suite or studio while the whole enterprise is managed as a hotel function under a single manufacturer.

Buyers own their units the same as regular condos. There's almost no time limit to property. All Condos include freehold title deeds. The Condotel type resembles the repaired house or apart hotel sector and works for an investor who would like to check the water in hotel investment.

We're seeing more and more sophisticated clients visiting the marketplace and an alteration sought after patterns; the original timeshare items look past their prime. This, plus an upsurge in investment appetite for the food field, indicates that the condominium market seems set to cultivate Collingz continued: Many international hotel brands have stated that the Philippine hotel landscape is ready for condominium hotel developments, either along with self-contained hotel functions, as completely self-contained condominium plans or as an element of a mixed-use development plan such as the Lancaster Brand.

Condo accommodations are significantly less produced in the Philippines than in the US, in part owing to a low priced residential focused market in addition to the insufficient growth in the hotel industry since the 1997 Asian Crisis. Alternative resort property are presenting more and more in the hotels sector, with a change in investor technique and the increase of house hotels, thus creating a new investor profile. At the minute, the Philippine condominium industry will be targeted and driven by private retail consumers, generally fairly net worth individuals drawn by a town centre or even a resort investment foothold although we're now seeing more and more first-time property buyers moving into the Condominium Hotel market said Collingz.

Metro Manila and Cebu are particular favorites being an investment destination. There is room for a greater pool of real and institutional estate investors to invest in an account of apartment units or the establishment of an investor-developer relationship.

Collingz continued that a lot of the interest is being driven by the relatively low priced market prices in the Philippines in comparison to Europe, exclusively UK Housing prices, and the simple payment options available for the Condo Hotel Developments, but you will find other facets, too. Overseas Property Investors, Foreign middle-agers in addition to international Filipinos, are looking for methods to increase their get back on investments as they approach retirement, and therefore are buying second homes, particularly Condo Hotel Investments where they can use the Condo for trips and lease it out through our In-House Condotel Management when they are not using the unit therefore getting rental incomes that on todays purchase rates, offer a expected ROI on their investments of some 12-16% depending upon the mode of payment for the unit.

Pacific Concord Properties Incs Lancaster - The Atrium, Shaw Blvd, Metro Manila, Philippines is really a "Full Service" Condominium Resort offering Two, One, Studio and Three Room Bedrooms on the market. To be completed and ready for turnover from December 2010, the Lancaster Atrium can provide unit owners with top residential property units with choice of registering their units in the Lancaster Condo Hotel Rental Pool and earn Rental Incomes as Owner Non-Residents when not utilizing their units through Condotel Management. This makes the Lancaster Brand of Condotels, among the Hottest Investment Opportunities in the Philippines.

The main success story for this market would be the knowledge of a complete new trader base previously accustomed to buy-to-let residential plans or traditional commercial real estate investments, together with the beginning of a second market in the Philippines to demonstrate transparency and liquidity said Collingz.

Beth Collingz

PLC Global Advertising Communities property management