 Quality SDR Serviced Apartments FOR SALE at Kiener Hills Condominiums, Cebu, Philippines.
Earn rental income immediately!
Conveniently located just 3 minutes from Mactan-Cebu International Airport SDR Serviced Apartments in Mactan, Cebu, provides an ideal location. Within 5 minutes walk of restaurants, shopping malls (over 100 retail stores), Golf course, Cebu Yacht Club and only 10 minutes from Cebus famous beaches.
SDR Serviced Apartments, is offering Studio and 2-Bedroom Fully-Furnished for sale with immediate rental returns.
For a short video on the rooms, please click:
http://www.youtube.com/watch?v=zmzjqGTG6ZU
The SDR Difference
Background:
The property 'Kiener Hills Condominiums on Mactan Island, Cebu was originally completed in 2002. Of the 548 total units in the project so far 25 have been developed and furnished. The majority of these fully-furnished units are being run by SDR Serviced Apartments as serviced apartments. The project over the past 12 months has been completely re-developed and upgraded. Kiener Hills now offers an excellent investment opportunity for investors and end-users.
Apartments in the project have appreciated 70 over the past 3 years. Despite the current economic gloom, savvy international investors and industry experts suggest that the main appreciation of property in Cebu will occur over the next 5 years and will not plateau for many years thereafter. More importantly - even in these turbulent times - SDR gives you the choice of a 6 guaranteed return on your fully managed investment or a 60 share of net monthly room income.
The Philippine government's Department of Tourism (DOT) is on record highlighting the gross shortage of accommodation in Cebu. Even with the current construction phase, there will not be sufficient rooms for the Department of Tourism's (DOT) estimated needs for this market.
In terms of valuation, Cebu is way behind its fellow Asian resort destination neighbors; Phuket and Bali. Similar to Bali, despite the adverse market conditions in the world, property prices continue to surge. In terms of average price per sq/ft. Similar Condominium projects in Phuket sell for approximately USD375 per square foot (unfurnished), whereas the Kiener Hills property in Cebu sells from just USD 99per square foot (unfurnished).
Even in tough times, Cebu has much upside for the diligent investor. Furthermore, growth in the Cebu tourism market is up 25 year-on-year in terms of people entering the province and more than 40 of all tourists coming to the Philippines stop over or fly direct into Cebu. These figures compare favorably with those of Phuket. A direct result of Cebus growth has meant major improvements are underway at the nearby Mactan-Cebu International Airport.
Cebu has direct flights from the following countries:
Hong Kong
China/ Guangzhou and Shanghai
Thailand/ Bangkok
Indonesia/ Jakarta
Singapore
Japan/ Tokyo, Nagoya and Kansai
Korea/ Seoul and Pusan
Taiwan/ Taipei
Kuala Lumpur
Qatar
Kota Kinabalu
* Due to the growth in Cebu as a destination, more flight destinations are being added regularly.
Location:
Kiener Hills is superbly located just 3 minutes from Mactan-Cebu International Airport, and a five minute stroll to over 100 retail outlets: Supermarket, banks, ATM's, restaurants, Cebu Yacht Club etc. Golf is within 5 minutes and the beaches and world-class diving just 10 minutes by car. Schools are a few minutes walk, whilst good hospitals less than 10 minutes via car. The property is second only in amount of apartments to the Shangri-La's Mactan Island Cebu propert
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