Investing in the Philippines – Hotel 101

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Philippines is known for it’s islands and beaches, mountains and volcanoes and heritage sites and much more.

As most divert their holiday time and soaking up the sunshine in popular tourist destinations such as Palawan, Boracay, Siargao to name a few, may I draw your attention to the many advantages of investing in the Philippines through Property.

As part of the Double Dragon Europe team in London, these 2 pre-selling condotel projects we are currently selling are enticing to the Foreign Investor:

 

Hotel 101 Davao (Prices also in Euros & British Pound Sterling)

The biggest hotel in Mindanao with 519-room hotel in a 5,300sqm. prime commercial lot at Eco West Drive at the side of SM City Davao, some 18 kilometers away from the Francisco Bangoy International Airport. Besides the cozy hotel rooms, Hotel 101 will feature a commercial and retail strip and facilities to accommodate any type of business and leisure satisfaction.

Contract Price: P4,880,000 (€84,934.27) £76,935.09
Area 21 SQM
Reservation Fee P50,000 (€870) £788 
30% DP payable in 24 months P1,464,000 (€25,478.39)  £23,077.91
Monthly payments for 24 months: P61,000 (€1,061.76) £961.77
70% Balance in June 2021
P3,416,000 (€59,454) £53,856
Closing Fees 4% P195,200 (€3,338) £3004.20 

Exchange rates using xe.com 30/08/19

1 GBP = 63.4186 PHP
1 PHP = 0.0157682 GBP
1 EUR = 57.4580 PHP
1 PHP = 0.0174040 EUR

Hotel 101 Fort (Prices also in Euros & British Pound Sterling)

is a 33-storey business and leisure Hotel set to rise at Fort Bonifacio, Taguig City. The property is set on a 1,224 sqm. lot comprised of 28 floors of hotel rooms and five basements with 188 parking slots. It will house a total of 606 hotel rooms offering privacy and security. It has a three-level podium with commercial areas on the ground and second floor levels where specialty retail shops and restaurants can be found. On the third floor, residents will find well-designed amenities that offer convenience and comfort.

 

Contract Price: P5,970,000 (103,912.02) £94,183.91
Area 21 SQM
Reservation Fee P50,000 (866) £780

10% DP net of reservation fee P547,000 (€9,481) £8,533
20% DP payable in 24 months
Monthly payments for 24 months: P49,750 (€861) £775
70% Balance in June 2021
P4,179,000 (€72,438) £65,195
Closing fees 4% P238,800 (€4,156.31) £3,765.97 

Exchange rates using xe.com 30/08/19

1 GBP = 63.4186 PHP
1 PHP = 0.0157682 GBP
1 EUR = 57.4580 PHP
1 PHP = 0.0174040 EUR

Contact doubledragonlondon@vanessahorcapr.com +447366 260018 for more details

 

 

DoubleDragon Properties Corp. is a newly listed real estate company led by its Chairman Edgar “Injap” Sia II (founder of Mang Inasal) and the Co-Chairman Tony Tan Caktiong (founder of Jollibee). Having achieved a market capitalization of over $2 Billion in less than two years from IPO, it is now one of the top 5 listed companies on the Philippine Stock Exchange in terms of market capitalization.

The Company’s Vision is to accumulate 1 Million square meters of leasable space by 2020. 700,000 square meters of leasable space will be coming from the rollout of 100 community malls in the provincial areas of the Philippines under its subsidiary “CityMall” which is a partnership with SM Investments Corporation. CityMall is poised to become the largest independently branded community mall chain in the country.

The balance of 300,000 square meters of leasable space will be coming from two office projects in Metro Manila, namely DD Meridian Park in the Bay Area and Jollibee Tower in Ortigas CBD. The Company’s flagship project in Metro Manila is DD Meridian Park, a 4.8 hectare prime commercial block located in the growing central business district of the Bay Area along the corners of Roxas Blvd., EDSA and Macapagal Ave.

The first phase was DoubleDragon Plaza, which consists of four BPO Towers on top of a retail podium and completed in 2018. DD Meridian Park contributing 280,000 square meters of leasable space to DoubleDragon’s portfolio.

The next phase is Hotel 101 The Fort and Davao both due for completion in Dec 2020.

Website: DoubleDragon Properties Corp. http://www.doubledragon.com.ph

Contact VanessaDDSC@gmail.com

 

Further link: https://businessmirror.com.ph/2019/06/25/doubledragon-sees-p16-1-billion-uptake-from-hotel-101-locations/?fbclid=IwAR3jElF_lZ2kcQHAKWYEyN9JtyEHUsYH0crtdipCBlvuDip14D9I9dr5cac

 

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