"a million reasons
to buy a condo in the
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Newsletter - Q2, 2005
 

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1. President's Message
2. Condo of the Month
3. New Condo Towers
4. Article 1 - Why is Millenia Tower such a great investment?
5. News
6. Contacts
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PRESIDENT'S MESSAGE

Welcome to our Quarter 2, 2005 Newsletter. If you are visiting Makati, and want to say hello, just drop into our latest mobile sales desk located at the Emart convenience store in Makati Avenue (opposite City Garden Hotel). We look forward to seeing you there.

"There's a million reasons to buy a condo in the Philippines!" Sante Delle-Vergini President & CEO CondoMillion.com

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CONDO OF THE MONTH

Deluxe, fully-furnished penthouse in Makati City - 8.5M cash, 131m2.



Rarely does such a high quality, fully-furnished penthouse come onto the market in the heart of Makati CBD, near the prized Greenbelt location, and Salcedo Village. Corner unit on the 12th floor with great views. There's even a Starbucks on the ground floor. 2 beds, 2 baths, 2 balconies, maids room, roof-top swimming pool. Expected rental is 75,000 Pesos per month. Impress your friends and colleagues with this deluxe penthouse unit. CLICK HERE for more details.
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NEW CONDO TOWERS

This section links to tower developments listed recently on our website:

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ARTICLES

Article 1 - Why is Millenia Tower such a great investment?

Millenia Tower, located in the heart of Ortigas CBD, offers investors the best investment choice of 2005. Rising 35 stories, and overlooking Ortigas CBD and Antipolo Mountains on one side, and Makati City skyline on the other, Millenia Tower promises to be a stand-out development. So why is it such a great investment? Well, there are 5 main reasons:

1. Location
Ortigas Center is the second largest business district in the Philippines, and better designed than Makati, with more open and green areas. Millenia Tower is located inside the center, overlooking the whole city and Antipolo Mountains. Opposite the University of Asia and the Pacific, and one block away from SM Megamall, Shangri-LA Plaza, and the famous San Miguel Corporation (makers of the number one beer in the Philippines).

2. Shortage of residential units compared to Makati
Just take a look around and you will notice something different about Ortigas when compared to Makati. There is hardly any quality residential towers around. Yet with so many commercial buildings, and the headquarters for several national and international corporations, Ortigas has a major shortage of quality units to cater for 1000's of working professionals and visitors. This means much higher occupancy rates.

3. International Hotel chain management
While not confirmed, Hilton Hotel Management is the number one contender in signing this tower under their administration. And we all know that means higher occupancy rates, and therefore higher returns. Hilton would only ever look at developments they were very confident of making high returns from. Whatever the case, Millenia Tower will be managed by one of the major international hotel management groups, and unit owners will be able to use their units privately, or include it in the hotel's rental pool. Like many hotel management schemes, unit owners can use their units for a period of time each year, and even trade that stay with a similar stay at any one of the other hotels under the same management, anywhere in the world.

4. Low price per sqm
Any great investment starts with a great price, and Millenia Tower is currently selling at around 55,000+ per sqm. This is unheard of for quality buildings in Makati, and certainly in the heart of Ortigas CBD. Units start at just over 1.1 Million Pesos, or USD $20,000!

5. ROI
Due to the above factors, Millenia Tower provides the highest return on your investment we have seen anywhere. Now have a look at the actual financials to back this up:

- Standard Rental Rates (not included in the Hotel Management rental pool)
On an executive studio unit (size 24.1sqm) valued at 1,324,500 Pesos, the expected average rental is 15,000 Pesos, which represents a 13.58% return on investment per year, and that's without rental increases. Based on this, the unit is paid in 7 years.

- Condotel Rental (included in the Hotel Management rental pool)
Without getting too technical, the developer has based the ROI on a 70% occupancy rate, and 50 units included in the rental pool. The total sqm size (40 studios, 5 x 1 bed, and 5 x 2 bed) is 1,411.30sqm. The average daily rate for these units combined is 2,000 Pesos per night per unit.

At 70% occupancy rate (225.50 days per year) with an average of 2,000 pesos per night, this equals 511,000 Pesos per year. Multiplied by 50 units, we get 25,550,000 Pesos per year.

Hotel Management get 40% (10,220,000 Million Pesos) and the units owners get 60% (15,330,000 Million Pesos).

Now we take any unit, say an executive unit on level 8, which costs 1,421,800 Pesos, and is 24.1sqm in size. 24.1 / 1,411.30 = 1.71%. Now we multiply 1.71% of 15,330,000 (the 60% unit owners share), and we get 262,143 Pesos for the year. Divide this by 12 and we get 21,845.25 Pesos per month.

So what is our rental return now under Hotel Management? We divide the 262,143 Pesos per year rental with the cost of the unit, which is priced at 1,142,800 Pesos, and we get an 18.44% return on our investment. A 100% return in under 5.5 years.

Now the good news. This ROI is based on rental return only, not capital gain (the rising value of your unit). With a very conservative 5% increase in the value of your unit per year, that means after 5 years, your unit has appreciated 25%. Add this to your 18.44% rental return, and you get 117.20% total return.

The expected capital gain is actually above 7.5%, so even at 7.5% capital gain and 18.44% rental return, after just 4 years your return is still 103.76%.

Finally, Millenia Tower offers an amazing 5 years, interest free payments on your investment. With the tower due for completion in 3 years, you can start earning money, with two years left to pay.

And the proof that investors agree? Millenia Tower has sold nearly 70% in just under 12 months. So get in fast to reserve your unit.

For more information on Millenia Tower, please CLICK HERE.

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NEWS

New sales desk at Emart, Makati Avenue, Makati City.

We now have a sales desk located inside the Emart convenience store in Makati Avenue (opposite City Garden Hotel and iBank). Drop by to look at some of our condo developments, or just say hello to one of our sales team. Emart provides all the things a mini-mart could offer. Food, drink, load for your cell phone, etc. We hope to see you there.

CondoMillion.com to expand official realtor network in the US.

Over the next few months, we will be signing up realtors in key states within the US, in an effort to promote projects for developers that partner with CondoMillion.com. Some developers, while successful in the Philippines, lack the resources to handle overseas inquiries/sales. CondoMillion.com will engage licensed realtors who will present these projects to interested prospects in the US, and also provide pre and post sales support. States already included are California, Texas, Illinois, New York, Virginia and Maryland. If you are interested, or know someone that is, please contact us at sales@condomillion.com.

For more news, please visit our News section.
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CONTACTS

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