Benefits of Investing in a Condotel
Earn While
You’re Away
Enroll your condotel under our world-class hotel operations, guaranteeing a steady source of passive income.
World-Class
Hotel Management
Sit back and relax as we take care of marketing, sales, and maintenance of your condotel unit.
Your Weekend Luxury Escape, For Free
Room service, live events, shuttle service, all you can enjoy without additional cost.
Experience
Affordable Leisure
Give your loved ones a taste of luxury, at a price and terms you can afford.
Why a CitiGlobal Condotel in Tagaytay?
We offer a Tagaytay condo for sale so you can enjoy living amid the scenic views that the city is known for. Own one of our condotel units and you can enjoy…
- A breathtaking vacation home
- Free-stay for a number of days each year
- World-class hotel experience
- Wide open spaces to enjoy nature’s fresh air
- The breathtaking scenery of a mountain city
- Accessibility to and from Metro Manila
Coming Soon:
Palawan Condotel
CitiGlobal is currently developing a beachfront condotel in San Vicente, Palawan, an up and coming tourist destination with its breathtaking surroundings and fair weather.
This beautiful beachfront property in Palawan will highlight the wonderful features of the island, providing excellent service suited for any destination vacation stay perfect for guests, your loved ones, and you! Ask us about investing in our Palawan condotel today.
Frequently Asked Questions
How will I earn from my condotel?
Of course, part of your earnings will depend on how much revenue your unit generates from bookings. Take the below sample computation for a 25 sqm unit:
*Operational expenses refers to maintenance, utilities, insurance, marketing, labor, advertising expenses etc. Management expenses include hotel management fees (often around 30% of the gross monthly income).
Aside from this, you’ll also earn a share of the building’s net room revenue on a per square meter basis. Let’s say that the 25 sqm unit is part of a 1,000 sqm condotel. Assuming that the whole building brings in an average ₱1 million a month:
• 1 million / 1,000 sqm = ₱1,000 / sqm
• 1,000 / sqm x 25 sqm = average of ₱25,000 per month
This ensures that you’ll still receive profit even if your condotel unit hasn’t been occupied at all for an entire month! You’ll receive your earnings as dividends. Depending on your particular agreement, these may be monthly or quarterly, or as cash, a check, or a deposit.
Will the condominium dissolve in 50 years?
Contrary to what others think, your condominium unit won’t be taken away from you after 50 years. Your ownership will not necessarily end. You will remain the unit owner because of the Condominium Certificate of Title.
The 50-year rule that the law refers to is the lifespan of the condominium corporation which can actually be renewed for another fifty years.
Can our relatives use our unit for free?
Condo unit owners who want to use the unit personally may sign up for the hotel management program to get free hotel vouchers that are good for a couple of nights per year.
The hotel operator must be informed in advance based on a system and conditions which will be finalized and discussed with the condo unit owners upon turnover.
When’s the best time to invest in a condotel?
Now is the best time to invest in a condotel. If you are interested in real estate investment and want to have a passive income, grab the opportunity to buy a condotel once it comes. You should also look into the prospect of buying pre-selling condotels to get the best value for your money.
The potential to generate income from a condotel investment is high, especially in tourism destinations like Tagaytay and Palawan. With a good location, you can secure an investment that benefits your personal, business, and leisure needs. Learn more through this article: https://citiglobal.com.ph/blog/why-invest-in-pre-selling-condotels-in-the-philippines-this-2021/
Find great condotel investment opportunities in top locations in the Philippines.
Get in Touch
We’d love to hear from you!