More investments in condotels seen

MANILA, Philippines - With the Bangko Sentral ng Pilipinas releasing its latest report that cumulative remittances from overseas Filipinos have reached $12 billion for the first three quarters of the year, there has been a rising interest among OFWs for more secure investments in real estate. This growing phenomenon has been observed in the La Breza Tower, the first condotel in Quezon City.

“We have attracted a significant number of expatriate Filipino workers to invest in La Breza Tower,” says Ma. Carmina Sotto, executive vice-president for sales, marketing and training of Royale Homes Marketing Corporation, the exclusive marketing arm of the project.

“There has been a move in the way OFW remittances are spent, shifting from consumer goods to property investments—and they recognize La Breza Tower as an excellent investment for many reasons,” Sotto adds.

As a condotel, La Breza Tower units can be leased out on a timeshare basis, giving owners a steady source of income. This means that OFWs’ investment will never be idle, since their unit will be earning them money in case they opt not to occupy it and still stay abroad for the time being. OFWs can expect a higher yield with their La Breza Tower unit compared to regular savings or time deposit accounts in banks, with an annual return of investment of up to eight percent.

Furthermore, the value of the La Breza Tower unit itself will rapidly appreciate because of its prime and strategic setting. Located on Mother Ignacia St. in Quezon City, the 22-storey development is close to commercial establishments, such as the TriNoma Mall and SM City North Edsa, as well as the much-frequented restaurants and café’s of Tomas Morato and Timog Avenue.

La Breza Tower’s topnotch amenities also contribute to its strength as an exceptional investment. A swimming pool, a gym and a business center are available for condotel unit owners to enjoy.

For more information about La Breza Tower, call Royale Homes Marketing Corp. at (02) 584-1164, 0922-8575078, or log on to www.labrezatower.com.