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Written by / Agency / Source: Kiener Hills / SDR Mactan Apartments, Inc.

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SDR Mactan Island Apartments, Inc. Announces Launch of Pioneering Management Deal - Serviced Apartment Operator and Developer, SDR Mactan Island Apartments, has launched a guaranteed rental management deal
SDR Mactan Island Apartments, Inc. Announces Launch of Pioneering Management Deal

 

NewswireToday - /newswire/ - Lapu-Lapu City, Cebu, Philippines, 2007/02/21 - Serviced Apartment Operator and Developer, SDR Mactan Island Apartments, has launched a guaranteed rental management deal.

   
 
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SDR Mactan Apartments announced the launch of their guaranteed 6% rental program to investors. Popular amongst investors in many Foreign Countries, the program is relatively new to the Philippines.

An SDR spokesperson stated, "With the success of the original goal of managing serviced apartments provided SDR with the most powerful tool of all - a mechanism for REAL INVESTOR RETURNS via purpose-built apartments for rental. This was the genesis of SDR creating the business model specifically designed for optimum rental returns."

In November 2004, SDR Mactan Apartments, Inc. (sdrapartments.com), pioneered the development and management of apartments in the Kiener Hills Condominiums. The apartments based just 3 minutes from the International Airport on the island of Mactan 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, airport transfers and all apartments feature Kitchens, with appliances and utensils.

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

SDR's spokesperson stated, "Having earned our stripes with over two years of solid results, SDR's program is based upon real experience of operating serviced apartments.”

The Kiener Hills Condominium project first broke ground in 1996.
The project was besieged by problems due to co-developer; Primetown Property Group Inc., (PPGI) poor management and inability to deliver on its promises due to going into the Philippine equivalent of Chapter 11. Since that time, Cease and Desist Orders (CDO) have been issued and suspended against the other (active) original co-developer EGI Construction (EGI) and marketing company Pacific Concord Properties Inc. (PCPI), The later also trades under the name Lancaster Cebu & Lancaster Suites.

 
 
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Written by / Agency / Source: Kiener Hills / SDR Mactan Apartments, Inc.

 
 

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SDR Mactan Island Apartments, Inc. Announces Launch of Pioneering Management Deal

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Publisher Contact: Dale Rennie - SDRApartments.com 
+63 32 340 7902 dale[.]sdrapartments.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Kiener Hills / SDR Mactan Apartments, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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