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Key selling points
- Deferred Payment Schedule
- Rental Pool
- Double Digit yields
- Central Location
- Ideal Low Cost Investment
- Booming Economy
With European and American Economies currently undergoing some adjustments, South East Asia coninues its boom, and the Philippines are a major player, Manila is becoming a gateway hub for businesses. GDP is increasing at over 5%, and since the ´de-pegging´ of the Peso (Filipino) from US$ it has increased in value 20%. This means the Country is set for rises in Real Estate values. With Makati the focus of much of the international business travel and leisure activity, it is the ideal place to look at investing.
The Atrium Tower offers a range of units to suit most budgets, but the real investment value of this is the deferrred payment structure. Effectively a short term, interest free mortgage, which allows you 6 years to purchase, giving you the opportunity for the income from rentals to contribute toward the purchase.
Pricing: These Prices are complete 'turn-key', meaning there is nothing else to pay. Other companies might offer them at a lower price, but then add on all the 'extras'.
All payments are in pesos - the £ prices below are a guide:
Studios range 28m2 to 32m2 and cost circa £33,000 1 beds range from 44m2 to 62m2 and cost circa £49,000 2 beds range from 74m2 to 76m2 and cost circa £84,000 3 beds are 106m2 and cost circa £118,000 .
Payment schedule: $2000.00 deposit to reserve a unit 30% due after a 30 day due diligence period- contracts are signed here 70% balance can be paid in 72 equal monthly instalments, on an interest free credit basis*
*This in-house finance offer is non status and open to foreign buyers as well and Filipino nationals.
*The first monthly payment starts 30 days after the contracts are signed
Rental return:
Owners have the option to lease their apartments back to the management company and join the rental pool. The projected income for the first year is circa 8% and is expected to rise in the coming years.
Maintenance costs: The maintenance cost is variable depending upon size of your apartment and is circa £0.65 per m2. This is payable monthly and covers all the maintenance of the common areas etc.
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