Released on: September 7, 2007, 2:22 pm

Press Release Author: Beth Collingz/PLC Global

Industry:

Press Release Summary: It\'s no way to get rich quick, but buying one or several
condominium homes as investments can be part of a larger strategy to increase your
wealth faster than working only for an hourly wage.

Press Release Body: Many people are aware of the strategy of developer extended
loans to purchase rental real estate says Beth Collingz, Overseas Sales Director of
PLC International, lead marketing partners for Pacific Concord Properties Inc\'s
Lancaster Brand of Condotels in the Philippines. You make a very small down payment
with the majority of the purchase price payable over as long a period the developer
extends at zero interest.

In Apart-Hotels or Condotels, the rental income goes a long way to cover the cost of
servicing and managing the unit and in the long term after paying off the purchase
price, can give a ROI through rentals of up to 16% per annum.

Regardless of the possible bumps on the road to greater wealth, condotel investments
are at least an easily-understood investment tool that most of us can handle added
Collingz

Collingz expects rental income to rise 15 percent in the coming 12 months after
gains of as much as 30 percent since January 2006, when Pacific Concord Properties
Inc are set to launch Condo Hotel operations of their flagship Lancaster Suites
located in the Ortigas business district in Metro Manila.

UK Private equity units of banks and investment clubs, driven in part by the current
strength of the Pound Sterling in international trading, are being attracted by
returns in the Philippines as much as double those in the United States and Europe,
are purchasing significant blocks of real estate for investment trusts for Asian
commercial property.

There are large amounts of capital now chasing increasingly limited investment-grade
real-estate opportunities in Asia, said Collingz. We are currently in the closing
stages of packaging the investment of some $20M in private-equity real estate funds
for new Lancaster Brand Apart-Hotel or Condotel developments in Metro Manila and
Cebu, on the strength of expected rental returns which will continue to grow at a
rapid pace.

With funds raised for commercial property deals in Asia having doubled in each of
the past five years, Collingz see the market value of Condotel investments in the
Philippines reaching new heights in 2007/8 as more developments come on line.

Rising demand for homes, hotels, short and medium term rental accommodation, offices
and shopping malls in the Philippines, home to a population of almost 80 million and
with a significant number of the more than 10 million returning overseas Filipino
'Baby Boomers', is fueling rents.

Residential rents in Metro Manila rose 26 percent in the three months to March 2007,
their highest quarter-on-quarter increase in more than a decade, as more and more IT
companies set up shop in the Philippines. Companies like Texas Instruments are
investing $1B in expanded operations in the Philippines. High-end rents rose some 13
percent from a year earlier, said Collingz.

Collingz projects that Rents in the region are set to effectively jump up by at
least 8.7 percent per annum over the next five years, compared with 3.3 percent in
the United States and 3.7 percent in Europe. Yields from 8 percent to as high as
14-16 percent ROI on rental income property contrast with the 4 percent to 5 percent
that private equity firms get in the United States and Europe.

People are in general looking to shift fund flows relatively towards Asia,\" Collingz
said. It already has had a profound impact in markets where there\'s a lot of this
money chasing the same assets. In Singapore, the region\'s second- biggest market
after Japan, investments by private real estate funds accounted for seven of the 19
office blocks, worth 6.7 billion dollars, sold since September 2005. REITs bought
six. A Goldman Sachs fund paid 690 million dollars for two buildings last November
that house the headquarters of DBS Group Holdings. In Hong Kong, property funds of
Morgan Stanley and Macquarie Bank paid a total of 7.9 billion Hong Kong dollars, or
$1.02 billion, for four office blocks from March to May, according a recent article
published by CB Richard Ellis.

As the Singapore, Japan and Hong Kong markets become saturated, the Philippines will
be the next real estate market to attract substantial overseas investments. Lower
prices and retirees' spending money are also directing foreign attention to
residential condominium hotels in the Philippines, which in turn is driving up more
construction.

A lot of this interest is being driven by the relatively cheap market prices here
compared to Europe - especially UK housing prices - and the easy payment options
available for condominium hotel developments Collingz said. The buyers gain rental
incomes that on today's purchase prices give a projected ROI of some 8 percent to
14-16 percent depending on the mode of payment for the unit she said.

Web Site: http://www.lancastersuites.com

Contact Details: PLC International Marketing Networks
Pacific Concord Properties Inc., Manila Head Office
Shaw Boulevard, Mandaluyong City. Metro Manila. Philippines
Phone: Manila [632] 717 1958
Fax: Manila [632] 718 1828

Pacific Concord Properties Inc., Cebu Office
Lapu-Lapu City, Mactan. Cebu. Philippines
Phone: Cebu [6332] 340 0721
Fax: [6332] 495 4938
EMail: mailto:plcsales@pldtdsl.net
Web: http://www.lancastersuites.com [Lancaster Condotels]