Lancaster Suites Cebu, Pacific Concord Properties, PLC Marketing, LIES & SCAMS

30Nov06

Below is word-for-word extract taken from: http://www.cebubesthomes.com/id67.html

You will also find similar marketing material on many other property websites which have unfortunately simply copied literature; provided to them from: Pacific Concord Properties Inc. (PCPI) or information that has been posted on the web by PLC Marketing (which seems to only sell PCPI / Lancaster Suites Cebu and Manila projects.)

Please note that the information (below) was published on multiple property websites in Cebu and beyond, on or about June 2005

The website states the following (THE TRUTH/ FACTS IS IN CAPS UNDER EACH PARAGRAPH):

Introducing – Lancaster Cebu Resort Residences. A Cebu Condominium located a mere three minutes away from Mactan International Airport, Lancaster Cebu is envisioned to give the owner convenience of both hotel and resort living. Also to be run as Condotel, Lancaster Cebu will give the buyers the comfort of owning their own residential condominium but allows them the privilege of placing the same unit in the rental pool and earn monthly income.

FACT: THERE IS NO CONDOTEL TO DATE (18 MONTHS AFTER LAUNCHING). NEEDLESS TO SAY, THERE IS NO INCOME!

Condotel Concept. Enjoy totally hastle-free condotel management and earn revenues regardless of where you are around. Lancaster was designed as a Cebu Condominium with overseas Filipinos and foreigners in mind. When unit owners decide to enroll their units in the rental pool, they earn competitive rental dividends when they are abroad and still be able to use their own Condotel unit with ample advance notice.

FACT: ONCE AGAIN, AS ABOVE – THERE IS NO CONDOTEL AND NO RETURNS. I PITY THOSE WHO PURCHASED BASED ON THIS ARTICLE…

Hassle-free Condotel Management Unit owners in the rental pool enjoy totally hassle-free Condotel management. They need not worry about unpaid electricity bills, unpaid rent and other problems so common in conventional leasing. All concerns down to the payment of all utilities are taken cared of by the professional hotel management operator. Lancaster is a condo for sale cebu where owners from anywhere around the world can sit back, relax and generate their monthly rental income

FACT: WELL YOU BETTER WORRY ABOUT BILLS AND NOT JUST ELECTRICITY (YOU NEED TO PAY ALL BILLS), AS THERE IS NO MANAGEMENT AND THE DEVELOPER HAS NEVER RUN ANY CONDOTEL.

Features & Amenities Telephone operator, Grand lobby with reception counter, 24-hr monitoring security, Maintenance & housekeeping services, Automatic fire sprinkler system for all units, Overhead water tank & Underground cistern, Back up generator, Laundromat services, Driver’s Lounge w/ T&B, Close circuit television, Multilevel basement parking, Swimming pool, Provision for PABX service, Hotel shuttle service. Lancaster is one of the Condominium Philippine Properties located in Mactan Cebu.

FACT: NO TELEPHONE OPERATOR, NO GRAND LOBBY, NO 24 HR MONITORING SECURITY, NO MAINTENANCE & HOUSEKEEPING, NO AUTOMATIC FIRE SPRINKLER SYSTEM (UNLESS YOU COUNT A FIRE EXTINGUISHER IN EACH ROOM), NO WATER PRESSURE, THE BACK UP GENERATOR DOES NOT OPERATE (AND EVEN IF IT DID IT IS ONLY BIG ENOUGH TO POWER THE LIGHTS IN HALLWAYS OF ONE OF THE FIVE BUILDINGS), NO LAUNDRY MAT SERVICE, NO DRIVER’S LOUNGE, NO MULTI-LEVEL BASEMENT PARKING, ONE TINY SWIMMING POOL (THE OTHER ONE IN THE MARKETING MATERIAL IS JUST A PILE OF RUBBLE AS PCPI DOESN’T HAVE PERMISSION TO BUILD IT), NO PABX, & FINALLY NO HOTEL SHUTTLE SERVICE. IN SHORT, ALL OF THESE CLAIMS ARE FICTICIOUS.

Future Development Free form swimming pool and lap lounge, Elevated badminton court convertible to stage for al fresco events, Landscaped gardens and bird baths, Children’s Playground, Concession gym with spa and sauna, Full service barber shop and ladies hair salon, Full Banquet Service including restaurant outlets. Function rooms and Ballroom. Lancaster maintains quality with affordability to be competitive as a condo for sale in Cebu Philippines

FACT: NO FREE FORM SWIMMING POOL, NO ELEVATED BADMINTON COURT, NO LANDSCAPE GARDENS/ BIRD BATHS, NO CHILDREN’S PLAYGROUND, NO GYM, NO SPA/ SAUNA, NO BARBER SHOP AND NO LADIES HAIR SALON. NO RESTUARANTS, NO BALLROOM, NO FUNCTION ROOMS. (ONCE AGAIN ALL A DREAMT UP LIE TO CONVINCE INNOCENT BUYERS TO BUY)

Condominium in Cebu, Lancaster Studio unit Fully Furnished Floor Area: 36.5625 sqm.

P2,372,467.50

20% discount on cash purchase. Terms: minimum of 20% down payment (with 20% discount on down payment) 80% balance payable in 24 months no interest. Buy Safe. All checks payable to Escrow Account Equitable PCI Trust Account. The funds in Escrow Account can be disbursed only for construction and continuing project requirements

FACT: NO ESCROW ACCOUNT – ESCROW ACCOUNT IS USUALLY DONE VIA A LAWYER’S TRUST ACCOUNT, NOT AN ACCOUNT IN A BANK THAT THE DEVELOPER CAN DRAW DOWN WHEN HE THINKS HE HAS THE RIGHT.

Please note that the easiest way to verify what has been written on the multiple sites that are spreading this vicious marketing, IS TO VISIT (OR HAVE A FRIEND VISIT) THE ACTUAL SITE.

BEST,

CEBU PROPERTY.

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