Hard assets the best option
Novel Residential Concepts Inc. , an upstart player in the property industry, is offering an investment opportunity via its Ridgewood Premier Hotel project on main C-5 Road artery in Fort Bonifacio.
The company said by purchasing units at the 168-room Ridgewood Premier Hotel, investors will get a guaranteed 6 percent annual return on investment. They can get up to 6 percent performance bonus per annum based on hotel occupancy.
Novel Residential Concepts said based on these figures, if the maximum performance bonus is reached annually, investor-partners can look forward to recovering their seed money by the ninth year.
The company said this investment is also backed by a lease contract, with the option to lock in appreciation on a specified period, with a guaranteed appreciation rate.
“Investors can fill their risk appetite by betting their money on the stock market or getting their hands on bonds and long-term commercial papers. But in this pandemic era when many things are uncertain, the better option is to invest in assets with certain returns,” said Alfonso Keh Jr., treasurer at Novel Residential Concepts Inc.
“Our innovative investment package makes profitability a certainty especially during these hard times. Buyers of Ridgewood Premier Hotel units can look forward to recovering their investment in about eight to 10 years, plus capital appreciation,” Keh stressed.
The prime property is adjacent to Bonifacio Global City, the second most important financial and commercial hub in the country after the Makati central business district.
Ridgewood Premier Hotel offers units ranging from standard suite (24.8 sq. m. at P3.54 million including hotel-grade furnishing), to a two-bedroom suite (55.7 sq. m. at P6.92 million also including hotel furnishing). Investors can choose between two payment schemes spread over 24 months.
Ridgewood Premier Hotel is set to open by early 2023.
