| PLC International Marketing Networks has revealed | | | | through our In-House Condotel Management when |
| that some institutional investors are trying to diversify | | | | they are not using the unit thereby gaining rental |
| their property portfolios through areas like Southeast | | | | incomes that on today's purchase prices, give a |
| Asia, China and beyond - with the Philippines heading | | | | projected ROI on their investments of some 12-16% |
| the list, then Thailand, Japan, China, and Singapore | | | | depending upon the mode of payment for the unit" |
| property investments featuring in some portfolios. | | | | Metro Manila remains a popular choice with |
| In the UK, "Investors are moving to new areas to find | | | | international buyers and institutional investors. Collingz |
| value" said Beth Collingz, Global Marketing Director of | | | | says clients tell her that it makes more sense to buy in |
| PLC International Marketing Networks based in Metro | | | | a year-round vacation destinations and business |
| Manila and Cebu in the Philippines. "More and more of | | | | centers. Lancaster - The Atrium Condotel |
| clients for Condotel Investments are coming from the | | | | developments by Pacific Concord Properties located in |
| UK. There has been a distinct market shift from US | | | | Shaw Boulevard, Metro Manila - fits the bill with all it |
| based clients over the past few months and we see | | | | offers to International buyers. |
| that trend continuing over the winter months of 2006 | | | | Accessibility is also a factor. "Flights from London to |
| and on into 2007 has Sterling continues its increase in | | | | Manila, for example, average just 16 hours, add to that |
| value over the US Dollar. | | | | the many airline specials and it's easy to see why this |
| "A lot of this interest is being driven by the relatively | | | | area is becoming an international community." Unlike |
| cheap market prices in the Philippines compared to | | | | other offshore rental properties, where the rental |
| Europe, specially UK Housing prices, and the easy | | | | market is largely seasonal, in the Philippines there is a |
| payment options available for our Condotel | | | | strong market for rental properties year round. This |
| Developments, but there are other factors, too. | | | | gives buyers greater flexibility in choosing when to use |
| Offshore Property Investors, Foreign baby boomers | | | | and when to rent their property. The strong rental |
| as well as overseas Filipinos, are looking for ways to | | | | second home market also has resulted in a |
| maximize their return on investments as they | | | | proliferation of professional property managers and |
| approach retirement, and so are purchasing second | | | | rental agents, making property ownership and rental |
| homes, particularly Condotel Investments where they | | | | easy. |
| can use the Condo for vacations and rent it out | | | | |