Construction costs in the Philippines are seen to increase by more than 25% this year due to steep global steel, cement and copper prices rises on the back of US Dollar devaluation.

Nearly all construction materials used in the development of Philippine high-rise buildings are imported. The cost of Steel has more than doubled in price over the past 12 months. With continued depreciation of the US Dollar value in South-East Asia, construction materials exported from China, Korea and Taiwan, together with shipping costs, are increasing at a phenomenal rate as exporters of steel, electrical components and cement in the region set upwards of 20% price increases to offset the Dollar’s regional devaluation.

Beth Collingz, PLC International Marketing Networks Sales Director and lead Marketing Partners for Pacific Concord Properties Inc’s Lancaster Brand of Philippine Condotels anticipates substantial increases in construction costs over the next 18-24 months will force developers in the Country to make adjustments to their selling price for new condo developments going up in Manila and other cities.

Now is the time to invest in Philippine Real Estate and lock in at current price levels said Collingz who’s Lancaster Condo Hotel brand offer the security of International Standards of Trust Account Escrow Banking facilities for all buyers payments.

The Lancaster Atrium Suites are available on the very affordable and competitive New Payment Plan that provides for Suites to be purchased on a 12 year Payment Plan that provides for 50% of the purchase price of the unit to be paid over 4 years without interest and the remaining 50% over 8 years which can be partially or fully offset from income on the Condotel rentals. Units may also be purchased on a Six Year No Interest Charge Term of payment or longer term "In-House" financing plans. Turnover of units Lancaster Atrium will be from December 2011

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.