Kiener Hills Condominiums aren't your everyday property in Cebu — they're one of Cebu's hottest and most accessible investment property. With guaranteed rental returns of 6% per annum for 5 years, you'll begin reaping the rewards of your investment right away. And with up to 85% financing
Background:
The property 'Kiener Hills Condominiums'on Mactan Island, Cebu was originally completed in 2002. Of the 548 total units in the project so far less than 10% have been developed and furnished. The majority of these units are being run by SDR Serviced Apartments as serviced apartments.The past 12 months has seen the entire project re-developed and upgraded. Kiener Hills now offers an excellent investment opportunity for investors and end-users.
Apartments in the project have appreciated 60% over the past 3 years. Most 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.
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. In terms of average price per sq/ft. Similar Condominium projects in Phuket sell for approximately USD305 per square foot (unfurnished), whereas the Kiener Hills property in Cebu sells from just USD 99per square foot (unfurnished). 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 in 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
Singapore
Japan: Tokyo, Nagoya and Kansai
Korea: Seoul and Pusan
Shanghai
Taipei
Kuala Lumpur
Qatar
Kota Kinabalu
*Flights from Guangzhou, China commence in February
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. The property is second only in size to the Shangri-La's Mactan Island Cebu property, which is 10 minutes by car.
Opportunity:
To invest into an existing serviced apartments, which will be professionally managed by SDR. Achieving either a 5 year bank guaranteed 6% per annum return – by the Philippines #1 bank; Metrobank or Hong Kong’s Standard Chartered Bank - , or 60% of the net monthly room revenue and riding the burgeoning Cebu property market for capital appreciation.
Own your own Cebu condo for an investment of just USD59,900 for each fully furnished [395 sqf] Studio Apartments; USD112,900 for each [710 sqf] Two-Bedroom Loft Apartments; and Penthouse Loft Apartments - [1,415 sqf] - at just USD225,800.
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; a further payment of 20% is due within 30 days and the 70% final balance will be required to be placed in our Attorney’s Escrow account and released upon the execution of the Absolute Deed of Sale.
Existing Management Operation:
SDR Serviced Apartments ([URL REMOVED]commenced operations in November 2003. Since inception, SDR has maintained an average room occupancy of 95% 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. Their apartments range from 395 sqf - 1,415 sqf and monthly rent is from USD899 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, complimentary internet and a balcony.
The apartments, also have a swimming pool and a recently completed bar and restaurant facility.
Benefits of the SDR Rental Program
* In addition to seeing significant appreciation of the value of their asset over time, apartment owners are able to finance their investment with guaranteed 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*
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 travel agent, credit card commission.
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 USD 59,900.
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 – with your choice of either
1.) a 6% per annum guaranteed return - for cash purchasers only
or
2.) earn 60% of the net monthly room revenue (paid quarterly in arrears) for cash purchasers only
* 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.
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