SDR Investor News

Philippine Serviced Apartment Operator SDR Mactan Apartments Expands Operations in Cebu

After almost three years of successfully operating serviced apartments in Cebu, Philippines, SDR Mactan Apartments Inc., is further expanding its operations. A recently signed deal with investors will add 9 two-bedroom loft apartments and 5 one-bedroom studio apartments into SDR’s steadily growing serviced apartment management inventory.

Fit-out work to bring the units to SDR’s standards has already commenced. The majority of the apartments will be completed by February 15, 2008.

With Cebu tourist arrivals in 2007 growing 24% year-on-year, the Philippine Government’s Department of Tourism has been very vocal on the severe shortage of hotel and tourist accommodation. SDR is helping to fill the void with high-quality apartments ranging from 36.5 square meters to 84.05 square meters, all with well-equipped kitchens, spacious living areas, balconies, and amenities usually found in 5-star Cebu hotels.

According to SDR’s Operations Manager, “unlike Condotels where investors/owners have no guarantee they will make a decent return on their investment, SDR’s serviced apartments offer the choice of a 6% guaranteed return or a 60% share of the net monthly room revenue, providing our investors with peace of mind. Our philosophy is truly simple: create a win-win situation for guests and owners alike.”

Compared to hotels, SDR’s Serviced Apartments offers guests excellent value for money and extensive living space. Located in prime real estate, just 3 minutes from the airport, all apartments have Cable TV, DVD player with a selection of movies, hot and cold drinking water dispensers, full-sized refrigerators, free high-speed Internet, kitchen with cooking equipment, private balcony, and stylish contemporary furnishings.

SDR Mactan Apartments Inc. Announces Acquisition of Units for Management in Kiener Hills, Cebu

SDR Mactan Apartments Inc. has agreed to a major acquisition of units for management in the Kiener Hills Condominiums based in Cebu. The recently signed management contracts, with major individual investors in the project, will add another 23 studio and loft apartments to SDR’s existing management pool.

In November 2004, SDR Mactan Apartments Inc., pioneered the development and management of apartments in the Kiener Hills Condominiums. The apartments, which are three minutes away from the Mactan International Airport, provide travelers and business people with serviced apartments from just USD224 per week or USD783 per month. SDR provides added value items such as free Internet and airport transfers. All apartments have kitchens with appliances and utensils.

SDR’s Operations Manager stated, “This agreement is testament to SDR’s honest and transparent management style. We rent rooms out for what they are–Serviced Apartments. SDR doesn’t pretend to be a hotel or condotel and never will. Our business model provides both our customers and investors with a fair deal. We believe in delivering on our promises.”

The Kiener Hills Condominium project first broke ground in 1996. Unfortunately, the project was besieged with problems due to co-developer Primetown Property Group Inc.’s poor management and inability to deliver on promises. Primetown is now in financial rehabilitation, which is the Philippine equivalent of a U.S. Chapter 11.

The Kiener Hills Condominium project was virtually dormant until SDR Mactan Apartments Inc. began work in 2004. Since beginning operations, SDR has managed to pick up numerous contracts from original and other disgruntled investors that had been promised rental returns by sales people armed with nothing more than hyperbole.

The SDR spokesperson said, “If you have a completed or unfinished apartment in the project, please feel free to contact SDR for a realistic plan to achieve real returns of your investment.”

For further information on purchasing a unit with guaranteed income returns, visit Kiener Hills website.

SDR Mactan Apartments Launches Guaranteed 6% Rental Program

Although popular amongst investors in many foreign countries, the guaranteed return program is relatively new in the Philippines. SDR Mactan Apartments Inc., was originally founded to manage and operate serviced apartments in Kiener Hills Condominiums project in Cebu, Philippines. The organization has since flourished into a profitable business for all stakeholders and continues to expand.

An SDR spokesperson stated, “The success of the original goal of managing serviced apartments has provided SDR with the most powerful tool of all—a mechanism for REAL INVESTOR RETURNS via purpose-built apartments for rental. The genesis was successfully renting apartments that were purpose-built and designed for optimized rental returns.”

In November 2004, SDR Mactan Apartments Inc., pioneered the development and management of apartments in the Kiener Hills Condominiums. The apartments are located just three minutes from Mactan International Airport and provide travelers and business people with serviced apartments from just USD224 per week or USD783 per month. SDR provides added value items such as free Internet and airport transfers. All SDR apartments have kitchens with appliances and utensils.

This attractive business model has come full circle. It is now the cornerstone of SDR’s commercial marketing model, selling investments with a TRACK RECORD and not the other way around.

SDR’s spokesperson stated, “Having learned from experience, on principle, we will not present any vague sales hype in our literature—only cold hard facts. Our information is based upon real experience of operating an existing sales and rental management company, not rosy projections by overly optimistic marketing people who have no knowledge or experience in managing apartments.”

The Kiener Hills Condominium project first broke ground in 1996. The project was besieged with problems due to poor management and inability to deliver on promises by co-developer Primetown Property Group Inc., (PPGI), which resulted in the company entering into the Philippines’ equivalent of the U.S. Chapter 11. Since that time, the Housing & Land Use Regulative Board (HLURB) issued cease and desist orders (CDO) against the other (active) original co-developer EGI Construction (EGI).

EGI entered into an agreement with marketing company Pacific Concord Properties Inc. (which also trades under the name Lancaster Cebu & Lancaster Suites) to complete the long-outstanding work and sell the units.

SDR’s Operation Manager said, “If you have a completed or unfinished apartment in the project, please feel free to contact SDR for a realistic plan to achieve real returns of your investment. If you have purchased through SDR or have us managing your apartment, you’re already enjoying real returns.”

For further information on purchasing a unit with guaranteed income returns, visit Kiener Hills website.

SDR Investor News was last modified: October 14th, 2014 by SDR Apartments