Mandaluyong City, Metro Manila -- (SBWIRE) -- 05/16/2009 -- Lancaster Suites brand of Philippine Buy-to-Let Condo Hotel Rooms in Manila announce 10 Year Payment Plans for UK Investors

Ready occupancy SIPP compliant Condotel suites in Manila are now available on 10 year payment plans giving investors immediate rental income on their investments and going some way to self-liquidating monthly purchase installments.

Beth Collingz, PLC International Marketing Networks Sales Director and lead Marketing Partners for Pacific Concord Properties Inc’s Lancaster Brand of Philippine Condotels said now is the time to invest in Philippine Real Estate and lock in ready occupancy condotel suites at current price levels. Buyers whom reserve now can take advantage of current prices and 10 year payment terms and see an immediate equity return on their investment.

Lancaster Suites Tower I, located along Shaw Boulevard, Metro Manila, now completed and ready for occupancy, provides unit owners with premier residential condo units with the option of enrolling their units in the Lancaster Condotel Rental Pool with projected Rental Incomes [at current purchase levels] of some 8% ROI per annum.

Collingz said all units at Lancaster Suites have kitchen facilities. The standard unit price provides for the suite to be semi-finished but not fully furnished. Included in the current price are the interior finishing’s such as tiled & semi-fitted bathrooms, bedrooms with simulated wood plank flooring, semi-fitted living and dining area with simulated wood plank floorings and lower kitchen cabinets/work tops installed. Walls and ceilings are painted cement finish. A complete optional extra interior fit-out package including unit fittings and fixtures, furniture’s, furnishings, air-conditioning, lighting fixtures and appliances are available. Monthly condo dues or maintenance fees are currently around 85 pesos/square meter of the unit floor area/month.

Lancaster Suites fully furnished ready occupancy Condotel units run from only GBP £38,000.00 [Studio] GBP £62,000.00 [One Bedroom] up to GBP £190,000.00 for Penthouse units and are available on 10 year payment terms:

Ready Occupancy Studio Condotel Suite. Floor Area 27.49 square meters [295sqft] Price: -Pph-3,102,629.25 [Tax Inclusive] and may be purchased with an initial Reservation Fee of -Pph-25,000.00 then 30% Down Payment of -Pph-838,618.45 within 30 days and the resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-52,097.86 or payable over 120 equal consecutive monthly installments of -Pph-34,764.32.

Ready Occupancy One Bedroom Condotel Suite. Floor Area 41.80sqm [450sqft] Price -Pph-4,717,711.99 [Tax Inclusive] and may be purchased with an initial Reservation Fee of -Pph-25,000.00 then 30% Down Payment of -Pph-1,288,177.56 within 30 days and the resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-79,217.56 or payable over 120 equal consecutive monthly installments of -Pph-52,860.99.

Ready Occupancy One Bedroom Bi-Level Condotel Unit. Floor Area 46.40 square meters [500sqft] Price: -Pph-5,236,886.04 [Tax Inclusive] and may be purchased with a Reservation of -Pph-25,000.00 then 30% Down Payment of -Pph-1,432,689.93 and the resulting net balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-87,935.28 or payable over 120 equal consecutive monthly installments of -Pph-58,678.23.

Ready Occupancy Two Bedroom Podium Condotel Flat. Floor Area 81.65sqm [880sqft] Price: -Pph-9,215,339.33 [Tax Inclusive] and may be purchased with an initial Reservation of -Pph-25,000.00 then 30% Down Payment of -Pph-2,540,094.45 within 30 days and resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-154,739.57 or payable over 120 equal consecutive monthly installments of -Pph-103,255.98.

Ready Occupancy Two Bedroom "Bi-Level" Suite. Floor Area 64.33sqm [695sqft] Price: -Pph-7,260,536.18 [Tax Inclusive] and may be purchased with an initial Reservation Fee of -Pph-25,000.00 and 30% Down Payment of -Pph-1,995,973.99 within 30 days and resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-121,915.45 or payable over 120 equal consecutive monthly installments of -Pph-81,352.81.

Ready Occupancy Three Bedroom Podium Condotel Flat. Floor Area 104.68sqm [1,130sqft] Price -Pph-11,814,595.48 [Tax Inclusive] may be purchased with an initial Reservation Fee of -Pph-25,000.00 and 30% Down Payment of -Pph-3,263,598.74 within 30 days and resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-198,385.03 or payable over 120 equal consecutive monthly installments of -Pph-132,380.11.

Ready Occupancy Three Bedroom "Bi-Level" Condotel Suite. Floor Area 79.36sqm [855sqft]. Price: -Pph-8,956,880.95 [Tax Inclusive] may be purchased with an initial Reservation Fee of -Pph-25,000.00 and 30% Down Payment of -Pph-2,468,152.43 within 30 days and the resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-150,399.66 or payable over 120 equal consecutive monthly installments of -Pph-100,360.01.

Ready Occupancy Three Bedroom "Bi-Level" Penthouse Condotel Suite. Floor Area 125.81sqm [1355sqft]. Price: -Pph-15,156,170.07 [Tax Inclusive] may be purchased with an initial Reservation of -Pph-25,000.00 and 30% Down Payment of -Pph-4,193,727.75 within 30 days and the resulting balance [with interest applied at 14% per annum] payable over 60 equal consecutive monthly installments of -Pph-254.495.15 or payable over 120 equal consecutive monthly installments of -Pph-169,821.77.

Collingz said that Pacific Concord Properties Lancaster Condotel developments have been accepted as property investment projects in the UK SBQ property & Land SIPP portfolio after extensive research provided through an independent firm of Business Management & Marketing Consultants with all due diligence completed by independent UK Solicitors. The UK based SBQ Property & Land SIPP [Self Invested Pension Plan] portfolio is being handled by our UK marketing partners Graham Stuart & Associates and is a low cost tax efficient structure that has been designed for those people who want to take control of their pension savings and are looking for a strategy that will generate an income any time after the age of 55.

Some of the benefits of the SIPP is you can transfer any of your current or paid up private pension funds, including Small Self Administered Schemes [SASS] into the SIPP. You can have a SIPP as well as contribute to your Company pension fund. If you are self employed you can invest up tom 100% of your earnings [up to GBP £225,000.00] into to SIPP. On every contribution you make to your SIPP we will reclaim 20% from the Inland Revenue on your behalf. Higher rate tax payers will be able to reclaim the balance through their tax return and with a SIPP you can draw an income from your personal pension fund and continue working.

What makes the SBQ Property & Land SIPP different is that it already contains a unique portfolio of property and land investments that give you the ability to ‘gear up’ your pension fund. In the Philippines you can purchase an Apart-Hotel property with guaranteed rental income. Collingz said that Graham Stuart & Associates have been working to have the Lancaster brand included within the allowable investment structure of the SBQ Property & Land SIPP portfolio of Apart-hotels. These apart-hotel or condotel investments provide capital growth with a guaranteed return income. If you're considering using your SIPP to invest in real estate, there are some excellent reasons why you should choose Philippine apart-hotel or condotel investment real estate to drive your retirement portfolio into high profit margins.

The Philippines is ideal for this type of investment because a SIPP can establish title to a property in a country whose legal framework recognizes trusts – and a SIPP is simply another form of trust. "Investing in foreign real estate is neither as risky nor as tricky as a lot of people would have you believe. While land and housing prices in the U.K. have soared astronomically in the past decade, the world real estate market is a far different story. It's still possible to buy a ready occupancy fully furnished Condotel suite at Lancaster Suites Manila from only GBP £38,000.00" said Collingz.

"The beauty of holding property in the Philippines is the low cost of property taxes and maintenance. A GBP £38,000 Condotel suite may set you back only GBP £250 in property taxes per year, and maintenance costs are similarly low. When you add in the tax-protected status of investments made in your IRA, and projected 8% returns through rental income, you have a steady ROI on a purchase of Philippine Condotel investment real estate" enthused Collingz.

What's the downside about owning Philippine Condotel Investment real estate as an SIPP investment? You cannot reside at your investment property as long as the SIPP is titled as the owner of the property. The self directed pension plan rules about benefiting personally from your investments are strict - you are not allowed to make use of any property owned by your SIPP, or you risk losing its tax-protected status and worse yet you could face penalties from HM Customs & Excise. You can, however, rent out your SIPP investment for steady income - putting the profits and cash flow into your SIPP, or sell your Philippine Real Estate Investment for immediate profit, as long as those profits remain inside the SIPP.

If you're looking for an unusual and high earning investment for your SIPP, then take a serious look at owning Philippine Condotel investment real estate. It can help kick your SIPP earnings into high gear. With the crash of the UK housing market and failing pension plans, many investors are turning to using their SIPP's to invest in overseas properties and earn tax-free or tax-deferred income. This creates an outstanding opportunity for by offering self-directed pension plan vehicle to invest in the Lancaster Suites ready occupancy units.

Collingz says many new investors are looking to replace failed pension plans and other future saving schemes with a solid investment in Real Estate. "Clients are looking for investments that will give them an income for retirement as an alternative to traditional private pension plans that have failed. Most company pension plans are insufficient as are Government Pensions. Bank rates for Savings accounts are at record lows. Savvy investors are now looking for a more solid investment with potential for monthly income. Condotels in the Philippines fit the bill"

The SBQ Property & Land SIPP is regulated by the FSA and administered by an independent SIPP trustee Company. It provides a simple “tax efficient wrapper” for those wanting to maximize their own pension planning strategy. The carefully selected property investments within the portfolio have all due diligence carried out by an independent firm of UK Solicitors who handle the purchase process.

Philippine condotel investments can also be purchased without using a SIPP.