Conveniently located just 3 minutes from Mactan-Cebu International Airport SDR Serviced Apartments in Mactan, Cebu, provides an ideal location. Within 5 minutes walk of restaurants, shopping malls (over 100 retail stores), Golf course, Cebu Yacht Club and only 10 minutes from Cebu’s famous beaches.
SDR Serviced Apartments, is offering Studio and 2-Bedroom Fully-Furnished for sale with immediate rental returns.
The property 'Kiener Hills Condominiums on Mactan Island, Cebu was originally completed in 2002. Of the 548 total units in the project so far 25% have been developed and furnished. The majority of these fully-furnished units are being run by SDR Serviced Apartments as serviced apartments. The project over the past 12 months has been completely re-developed and upgraded. Kiener Hills now offers an excellent investment opportunity for investors and end-users.
Apartments in the project have appreciated 70% over the past 3 years. Despite the current economic gloom, savvy international investors and industry experts suggest that the main appreciation of property in Cebu will occur over the next 5 years and will not plateau for many years thereafter. More importantly - even in these turbulent times - SDR gives you the choice of a 6% guaranteed return on your fully managed investment or a 60% share of net monthly room income.
The Philippine government's Department of Tourism (DOT) is on record highlighting the gross shortage of accommodation in Cebu. Even with the current construction phase, there will not be sufficient rooms for the Department of Tourism's (DOT) estimated needs for this market.
In terms of valuation, Cebu is way behind its fellow Asian resort destination neighbors; Phuket and Bali. Similar to Bali, despite the adverse market conditions in the world, property prices continue to surge. In terms of average price per sq/ft. Similar Condominium projects in Phuket sell for approximately USD375 per square foot (unfurnished), whereas the Kiener Hills property in Cebu sells from just USD 99per square foot (unfurnished).
Even in tough times, Cebu has much upside for the diligent investor. Furthermore, growth in the Cebu tourism market is up 25% year-on-year in terms of people entering the province and more than 40% of all tourists coming to the Philippines stop over or fly direct into Cebu. These figures compare favorably with those of Phuket. A direct result of Cebu’s growth has meant major improvements are underway at the nearby Mactan-Cebu International Airport.
Cebu has direct flights from the following countries:
Hong Kong China/ Guangzhou and Shanghai Thailand/ Bangkok Indonesia/ Jakarta Singapore Japan/ Tokyo, Nagoya and Kansai Korea/ Seoul and Pusan Taiwan/ Taipei Kuala Lumpur Qatar Kota Kinabalu
* Due to the growth in Cebu as a destination, more flight destinations are being added regularly.
Location:
Kiener Hills is superbly located just 3 minutes from Mactan-Cebu International Airport, and a five minute stroll to over 100 retail outlets: Supermarket, banks, ATM's, restaurants, Cebu Yacht Club etc. Golf is within 5 minutes and the beaches and world-class diving just 10 minutes by car. Schools are a few minutes walk, whilst good hospitals less than 10 minutes via car. The property is second only in amount of apartments to the Shangri-La's Mactan Island Cebu property, which is only 10 minutes away by car. Kiener Hills is within 5 minute walk of the ocean and within 15 minutes of all the beach resorts in Mactan Island.
Opportunity:
To purchase serviced apartments, which will be professionally managed by SDR. Achieving either a guaranteed 5 year, 6% per annum gross return, or 60% of the net monthly room revenue. This means on a studio purchase (on the guaranteed return program) you will receive a gross amount of USD3,773 per year in guaranteed rental income program. At the same time riding the burgeoning Cebu property market for capital appreciation. Now that's an investment that provides piece of mind in trying times.
Own your own quality Cebu condo (in the projects two premier building's B & E) for an investment of just (less 10% for Cash):
Studios Apartments: USD62,895,
Loft Apartments: USD125,895,
Loft Suite Apartments: USD155,195 (sold-out)
Deluxe Penthouse Apartments: USD245,695.
We also have a limited number of economical fully-furnished Studio Apartments at just: USD40,500 and USD80,500 (CASH PRICE) for Two Bedroom Lofts (all to the same SDR standards) in buildings C & D in the project.
The investor will receives titles in his/ her own name for each apartment purchased and you have a choice of two management contracts with SDR so that the returns start flowing:
1.) a 6% PA guaranteed rental return for 5 years (for cash purchases) OR 2.) 60% of the net monthly room revenue for 5 years
Under Philippine law, it is legal for Foreign individuals or corporations to own Condominiums.
Cash Terms: Each purchase will require a standard 10% deposit upon signing the reservation agreement. Upon signing the Sale and Purchase Agreement; the 90% final balance will be required to be placed in our Attorney’s Escrow account and released upon the execution of the Deed of Absolute Sale (DOAS).
Existing Management Operation:
SDR Serviced Apartments [http://www.sdrapartments.com] commenced operations in November 2003. Since inception, SDR has maintained an average room occupancy of 85%; which is amongst the highest in Cebu. Their proven business model is based on long term foreign guests wishing to stay in 4 star accommodation; in a great location but without the expensive price tag. The SDR apartments range from 395 sqf - 1,415 sqf and monthly rent is from USD999 for the studio apartments. The end-user has a luxuriously furnished apartment, complete with an efficient kitchen, microwave oven, dual-burner gas stove, cooking and eating facilities, a large bathroom, Cable TV, digital telephone, complimentary internet and a balcony.
The apartments, also have two swimming pools and a recently completed bar and restaurant facility.
Benefits of the SDR Rental Program
* In addition to the instant rental returns and seeing significant appreciation of the value of their asset over time, apartment owners are able to finance their investment with rental returns * Rental management by SDR Serviced Apartments ensures your apartment will be maintained in optimal condition at all times * Your apartment will be furnished according to the highest four-star standards * Each Apartment becomes part of the SDR Serviced Apartment apartment inventory * SDR's sales, marketing, public relations and distributional network will be put to work renting your apartment to savvy tourists to Cebu at attractive rates. * Apartment owners will have two attractive rental return options to choose from:
1. Guaranteed rental return of 6% per annum for 5 years*
eg) If you purchase a studio apartment for USD62,895, You will receive a gross return of 6% (USD3,773 per year) for each year of SDR's (5) Year Management Contract.
Note: 1. Average return per apartment is before applicable taxes and borrowing cost. 2. Yield % (ie average return per Apartment/Investment) is based upon investment price. 3. Cost of condo corp. fees, a/c maintenance, internet, cable TV and telephone basic charge (total less than pesos 2900 per month/ as of 1/10/08) payable by owner. 4. Rental terms are subject to standard SDR Terms & Conditions
OR
2. Actual rental return based on 60% of net room revenue*
The rental contract is renewed every 5 years and owners can change between these two options freely upon contract renewal.
Note: 1. Net room revenue is after G.S.T., travel agent & credit card commissions. 2. The above figures are for illustration purposes only. 3. 60% return is determined by reference to net room revenue only. 4. Average return per apartment is before applicable taxes and borrowing cost. 5. Yield % (i.e. average return per Apartment/Investment) is based upon investment price of USD62,895 6. Cost of condo corp. fees, a/c maintenance, internet, cable TV and telephone basic charge (total less than pesos 2900 per month/ as of 1/10/08) payable by owner. 7. Rental terms subject to standard SDR Terms & Conditions
Easy In-House Finance Options:
SDR offers innovative and flexible payment plans - up to 10 years for Kiener Hills Condominiums. This in-house financing has made it a simple process for both locals and foreigners to purchase in this exciting project. The fixed financing rates are also very competitive to bank lending rates and buyers can finance up to 85% of the purchase price via SDR's in-house facility.
Summary:
* A unique opportunity to earn strong annual rental returns
* Enjoy the significant capital appreciation on the asset in Cebu's flourishing tourism market which currently is heavily undervalued compared to other similar resort locations.
* Ride on the experienced and proven SDR management team who continue to achieve some of the highest occupancy rates in Cebu and enjoy flexible payment options.
* *Low risk and quick completion (All 5 buildings are structurally complete).
*Ride-out the turbulent times with a solid 6% guaranteed return per annum on your investment. At a time where depositing your money in a bank provides low interest rates and limited security over your money!
ACT NOW and EARN NOW!
Contact:
sdr mactan apartments inc. brgy. matumbo, pusok, lapu lapu city cebu, philippines 6015
