Lancaster Cebu Takes Advantage of Philippine Real Estate Boom

Posted by Nick Niesen on November 8th, 2010

Cebu is located 365 miles south of Manila and can be reached in an hour through air travel, it is in the east of Negros Oriental, southwest of Leyte and northwest of Bohol. Strategically located at the heart of the Visayas, it serves as the jump-off points to satellite destinations in the Visayas-Leyte, Samar, Dumaguete and Siquijor and Mindanao islands - Cagayan de Oro, Camiguin and Surigao del Norte. It is positioned as a resort and convention destination.

Beth Collingz, International Marketing Director of PLC Global, the lead marketing partners for Pacific Concord Properties Inc?s Lancaster Brand of Condotels in the Philippines said Cebu has a proven capability and economic track record. It is the second largest city and undoubtedly the fastest growing economy in the country. It leads in exports of item such as furniture, fashion accessories, carrageenan, electronic products, etc.

Because of its deep-water harbor, Cebu is the base of the country's domestic shipping. 80% of the country's major shipping companies are based in Cebu. Likewise, with the Mactan Cebu International Airport, Cebu is an accessible gateway to southern Philippines. It allows easy movement of domestic and international travelers and trading connections. Presently, direct flights are available for destinations such as Singapore, Narita, Seoul, Hong Kong, Kota Kinabalu and Qatar. Chartered flights are also available for Incheon, Kansai, Kaoshiung, Taipei and Nagoya.

Taking advantage of the Real Estate Boom, Collingz said Pacific Concord Properties Inc is expanding its Operations for the Lancaster Brand of Condotels in the Philippines and has acquired by purchase an additional 27 units in its Lancaster Cebu Resort Residences adding another 75M pesos to its project inventory and expansion program. This brings the number of properties held in the development to 75 suites with another 120 units to be added before year end for Condo Hotel rental operations.

Property is all about LOCATION said Collingz. Mactan, Cebu, provides one with both the laid back pace of provincial living, as well as prerequisites of the urban dweller. Schools, hospitals, restaurants, shopping malls, and leisure are all found on the island itself.

Lancaster Cebu Resort Residences, located a mere 3 minutes from Mactan-Cebu International Airport, provides you with easy access to all the essentials of urban living. This ideal location will complement the Condotel operation since Lancaster Cebu will function as a condominium hotel a preferred accommodation choice of businessmen and holiday travelers alike.

Clients can either purchase Condotel Suites for investment purposes or lease the units on weekly, monthly or yearly basis. We have Fully Furnished Executive Studio Suite and Two-Bedroom Suites available for sale at Lancaster Cebu Resort Residences at Pre-Increase Prices that will be ready for occupancy from December 2007 at the current price. Fully furnished Studio Suites are priced at -Pph-2,753,924.06 whilst, fully furnished 2 BR Loft Type Suites are priced at -Pph-5,467,004.14 and may also be purchased with an initial Reservation Fee of only -Pph-100,000.00 with the Balance Payable without interest over 24 consecutive equal monthly payments. Fully Furnished Suites many also be purchased on Five Year Payment Terms through our no qualification In-House Finance Available with 15% Down Payment added Collingz

Lancaster Cebu Resort Residences is also offering Studio and 2-Bedroom Fully Furnished Ready for Occupancy Suites on daily, weekly, monthly or yearly lease rental terms. Whilst some renovation works are still ongoing within the complex, unit rentals are now available to guests at 'Special Promo Rates'