(The Philippine Star) Updated October 30, 2009 12:00 AM
MANILA, Philippines - While it is common knowledge that properties are generally good investment opportunities, a new concept in real estate has emerged that result in higher returns on investments (ROI). Condotels, which are condominiums that include units functioning as hotel rooms, are better investments than condos in general and other kinds of properties. This is because condotel owners can lease out their units on a timeshare basis, giving them a steady source of income.
Investors will be pleased to know that the first condotel in Quezon City has been built, the La Breza Tower. Developed by Sta. Lucia Land, La Breza has numerous features that make it an excellent choice as an investment.
As a condotel, La Breza gives a higher annual ROI compared to regular savings or time deposit accounts in banks. An annual ROI of up to 8%, depending on the occupancy rate, is expected, which is significantly higher than deposit interest rates.
Furthermore, the value of the La Breza 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’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. They can find a combination of value, comfort, convenience and lifestyle all under one roof in La Breza.
Investors in La Breza can be assured about Sta. Lucia Land’s track record as a property developer. With more than three decades of solid experience in real estate and 200 developed projects, Sta. Lucia has built an impressive roster of residential estates, commercial developments, golf and country clubs, resort and beach clubs, condominiums, and other projects. Among the many awards and honors conferred to the developer of La Breza are the Developer of the Year by Chamber of Real Estate and Builders Associations (CREBA) and the Most Trusted Property Developer from Reader’s Digest Asia.
Indeed, La Breza Tower is a first-rate investment for balikbayans, starting families, young executives and even retirees.
La Breza Tower is exclusively marketed by Royale Homes Marketing Corporation. For more information about La Breza Tower, please call Royale Homes Marketing Corporation at 584-1164 or log on to www.labrezatower.com.
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