Sunday, March 29, 2009

the unique investment





USD 44,444 ONLY
Payment Options:
10% down payment in cash USD 4,444 ONLY
90% of the contract price USD 40,000 payable in 4 years with 0% interest (USD 833 monthly amortization)

Condominium Building Description:
400 Studio type condo units. unit area ranges from 28 square meters to 66 square meters. This condo building is 33 storeys high including one (1) floor commercial spaces, three (3) floors for parking spaces and the condo units from 3rd floor to 33rd floor.

As a unit owner, you can receive Lifetime income from this affordable real estate investment, because this condo building will be run as a hotel by Crown Regency Hotel. As a unit owner, you can also enjoy your overseas vacation every year in your unit and also any of the Crown Regency hotels.

The projected return of investment or the yield of your investment is at least 20% per annum base on 60% occupancy. Plus it’s definitely a worry free lifetime investment which will bring you the solid income and vacation lifestyle! Lifestyle Club Ultima Membership

*As a unit owner, you can enjoy the following benefits with us:

1. Club Ultima Membership
As an Ultima Residences investor, you are also the lifetime member of Club Ultima which is located in Cebu City and in the future in Manila, Bohol, Baguio and other famous tourist destinations in the Philippines. You can enjoy your Club Ultima membership privileges in Club Ultima and any of the Six (6) Crown Regency hotels which are located in Cebu City, Makati City, Davao City and in the future in Boracay, Baguio, Bohol and other famous tourist destinations all over the Philippines.

2. Integrated Club Lifestyle Environment for you and your family
Living in the condominium of Ultima Residences, all the business, leisure and entertainment facilities are within your reach:

I. Business Facilities
Audio-Visual / Media Room
Conference Room / Boardrooms
Legal Consultants-On-Call
Communications / I.T. Network
Courier Services
Cyber Café
Crown Regency will devote one whole floor to augment Club Ultima’s Business Center.

II. Leisure & Entertainment
Aqua Fitness Pool Japanese Restaurant – Kotie
Chinese Restaurant – Wang Shang Lo
Grill Restaurant – Mr. Grill
Fitness Center – Power Gym & Metro Sports Center
Beauty Center – Prana MediSpa & Tower Salon
Health Horizon – Full range of modern health-monitoring equipment and devices and machines in the 7th & 8th floor of Crown Regency Hotel & Towers
Casino –Soon in Crown Regency Hotel & Towers
Vivo Gamezone – Soon in Crown Regency Hotel & Towers
Sky Lounge – Soon in Crown Regency Hotel & Towers
Club 36 – Soon in Crown Regency Hotel & Towers
Stratus – Soon in Crown Regency Hotel & Towers
Sparkz Restobar – Soon in Crown Regency Hotel & Towers
Sky Experience Adventure – Soon in Crown Regency Hotel & Towers
Sky Walk – Soon in Crown Regency Hotel & Towers (End of 2008)
Insanity Orbit – Soon in Crown Regency Hotel & Towers (2011)
Regeneration Suites – Soon in Crown Regency Hotel & Towers.
Crown Regency will devote one whole floor to Club’s recreation facilities and another floor to Children’s play station.

Saturday, March 28, 2009

How do I invest in the Philippines?

Foreigners may indirectly own land by investing in Philippine corporations registered with the SEC subject to the foreign equity restrictions for ownership of private land. Such Philippine corporations may then acquire the land for example, Ownership of Condominium Units.

Foreigners may indirectly own land by investing in Philippine corporations registered with the SEC subject to the foreign equity restrictions for ownership of private land. Such Philippine corporations may then acquire the land for example, Ownership of Condominium Units.

Can foreigners directly buy Philippines properties?

Unlike private land, foreign nationals and foreign corporations may directly own a condominium unit. However, the land on which the condominium building stands must be owned by the condominium corporation. When a person buys a condominium unit, he automatically becomes a member of the condominium corporation which owns the land. Under Philippine law, foreigners are allowed to become members or stockholders of the condominium corporation which owns the land, but only up to a maximum of 40% of the capital stock of the condominium corporation.

The transfer of a condominium unit shall include the transfer of the appurtenant membership or stockholding in the corporation. No transfer or conveyance of a condominium unit shall be valid if the concomitant transfer of the appurtenant membership or stockholding in the condominium corporation to a foreigner causes the alien interest in such corporation to exceed 40%.

Unlike private land, foreign nationals and foreign corporations may directly own a condominium unit. However, the land on which the condominium building stands must be owned by the condominium corporation. When a person buys a condominium unit, he automatically becomes a member of the condominium corporation which owns the land. Under Philippine law, foreigners are allowed to become members or stockholders of the condominium corporation which owns the land, but only up to a maximum of 40% of the capital stock of the condominium corporation.

The transfer of a condominium unit shall include the transfer of the appurtenant membership or stockholding in the corporation. No transfer or conveyance of a condominium unit shall be valid if the concomitant transfer of the appurtenant membership or stockholding in the condominium corporation to a foreigner causes the alien interest in such corporation to exceed 40%.

For your sky walk ride reservation

contact: Virgilio Vallecera
tel 63322599779/63322548618/cel ;639264902065
website; http://www.mainglobe.com/club-ultima