Buy to Let Rental Properties

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                             Buy to Let Rental Properties
Condotel Investments in the Philippines, Buy to Let rental properties are now being preferred
to failing Pension Plans as more and more Filipinos and Overseas Property Investors look to
the future and retirement.

20 Dollars a day for 6 years will buy you a Studio Condotel unit in the Philippines with a
projected ROI through rentals of some 500 dollars per month after 3 years. With
preconstruction property appreciating at some 20-30% per annum not only does the Real
Estate Appreciation look good but the rental income is in excess of what many Pension Plans
offer for the same or similar investment.

With many Overseas Filipinos and Offshore Property Investors looking to start saving for
retirement, the Philippines with its comparative low cost of real estate yet high rates of Hotel
Accommodations, make the Condotel investment an extremely attractive investment
proposition.

Beth Collingz, International Marketing Director for PLC Global, a company specializing in
Condo Hotel Sales and Investments in the Philippines for the Lancaster Brand of Condotels,
said that many new investors are looking to replace failed pension plans and other future
saving schemes with a solid investment in Real Estate.

“Many of my clients are looking for investments that will give them an income for retirement as
an alternative to traditional private pension plans that have failed. Personally, I have always
regarded Pension Plans as a glorified ‘Pyramid Scheme’. Most company pension plans are
insufficient as are Government Pensions. Bank rates for Savings accounts are at record lows.
Savvy investors are now looking for a more solid investment with potential for monthly income.
Condotels in the Philippines fit the bill”

This potential, high rates of rental returns from Condotel Investments, currently from 8% up to
16% per annum, opens up a huge market not traditionally looked at by Real Estate Agents and
Brokers whom all so often run around like headless chickens looking for normal residential
profile “buyers” without looking at the by far bigger picture of investments, investing and
retirement.

“We look at Condotels as pure investments. Not primarily as Real Estate. If you look at the
Condo Hotel market as investing for future income, and think outside of the box, it is plain to
see that Condotels are not only real estate investments but more importantly income
generating property. Think of Condotels as a Managed Pension Plan. After all, Condotel units
are fully managed property. The owner of the property does not have the hassle of renting out
the unit and contend with all the normal pit falls of being an amateur land lord. This is taken
care of by the Condo Hotel Management” said Collingz.

“One of my clients from Chicago, just purchased 4 Studio Condotel Suites at Lancaster – The
Atrium Manila which is currently in preconstruction sales. His plan is to retire in the Philippines
in 2012, live in one of the Suites and receive the Condotel rental income on the other three.
His outlay for the purchase is only around 85 Dollars a day for 6 years by opting to purchase



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on a 6 year no prequalification, no down payment, no interest payment plan. Even before
completing payment for the units, he will be receiving some $1,500 a month in rental income in
additional to any Government or Private Company Pension Plan. Better yet, the rental income
is in tune with inflation and buying on preconstruction terms gives real estate appreciation of
some 60-80% over 3 years. As Hotel Rates increase yearly, so does the rental income”

Foreign Nationals are legally allowed to purchase as much as 40% of the total number of
condominium units on the market at any given time. Overseas Filipinos and more and more
foreigners are now emerging as a market for condotel units. Many or our clients are coming
from different countries like South Korea, Australia, United Kingdom, Saudi Arabia and other
parts of the Middle East,” Collingz said.

Lancaster - The Atrium Tower II [which is the second Tower adjacent to the existing “Sold Out”
Tower I] is now accepting Reservations for Studio, One, Two & Three Bedroom Suites
adopting International Standard Escrow Trust Account “Buyer Safe” Easy Secure Payment
Plans… with 6 year interest free payment terms or up to 12 year “In-House” financing
available, full condo ownership, no management costs for Condotel Suites and minimum
monthly maintenance fees – “You really should take a moment to look at this Philippine
Condotel Investment Opportunity” enthused Collingz.

All units at the Lancaster Suites have kitchen facilities. The standard unit price provides for the
suite to be finished but not fully furnished. Included in the current price are the interior
finishing’s such as tiled & fitted bathrooms, bedrooms with simulated wood plank flooring,
living and dining area tiled floorings and lower kitchen cabinets/work tops installed. A complete
optional extra interior fit-out package including appliances will be available towards the time
the units are closer to being completed towards the latter part of 2009. Monthly condo dues
are currently around 80 pesos/square meter of the unit floor area/month..

The Lancaster Atrium Suites are now available on the very affordable and competitive New
Payment Plan that provides for Suites to be purchased on a No Interest No Down Payment
basis with 67% of the payment payable over 60 equal consecutive monthly installments
without interest and the 33% balance payable upon turnover of the unit or to be paid over an
additional 5 years from turnover through our hassle free no prequalification “In-House” Finance
Plans…

The current selling price [effective March 1, 2007] for the Lancaster Manila Atrium Tower A Tax
Exempt Studio Units is Pesos 75,888 or $1,615.00 per sqm. The One Bedroom, Two and
Three Bedroom Suites are priced at Pesos 84,994.56 or $1,808.80 per sqm including
Government Taxes [R-Vat 12%]. Units may be purchased on a Six Year No Interest Charge
Term of payment or longer term “In-House” financing plans. Turnover of units for Tower A will
be from December 2009/2010

All payments will be made to the Lancaster Suites Manila Atrium Tower A Equitable PCI Bank
Escrow Trust Account. It is anticipated, given the track record on sales of Tower I Units that
property appreciation for initial buyers of Tower A Atrium Units will be at least 60-70% on
turnover of units.

Beth Collingz



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