The Philippines has a strong Chinese-Filipino community, and with this year’s celebrations slated on September 29, boutique developer C-5 Mansions Development Corp. and its Ridgewood Towers Premier project are one with the Chinoy community in celebrating the Mooncake Festival.
“Despite the many challenges of the past three years, Ridgewood Towers Premier, which is strategically located along the main C-5 Road near Bonifacio Global City (BGC), is nearing completion,” said C-5 Mansions Chief Operating Officer Alfonso Keh Jr. “Thus, we would like to take this opportunity to thank our beloved investors and homebuyers and share blessings with our hardworking brokers and agents through our exciting Mooncake Fest promo. “
“We are gearing up for the soft opening of Ridgewood Premier Hotel by the first quarter of 2024,” declared Marc Ngo, Chief Operating Officer of Ridgewood Premier Hotel. “We are confident that our valued foreign and local guests will enjoy our plush accommodations and facilities, and of course our remarkably affordable rates.”
Mooncake Fest promos
Ridgewood Premier Hotel investors still have a chance to snap up the last few remaining condotel units. Investors will get P20,000 worth of Gift Certificates upon the hotel’s opening, and Gift Certificates for a lunch buffet for 2 pax at NIU by Vikings restaurant (at nearby SM Aura Premier).
As for homebuyers and investors who snap up the last 50 units of Ridgewood Towers Premier, they get a Smart TV set upon turnover and Gift Certificates for a lunch buffet for 2 pax at NIU by Vikings restaurant (at nearby SM Aura Premier). Meanwhile, buyers who make at least a 10% spot down payment will enjoy a better viewing experience via a bigger TV set upon turnover.
With an Open House slated for September 30, the day after the actual Mooncake Fest, the first 10 investors who make reservations (either for a Ridgewood Towers Premier condo unit or a Ridgewood Premier Hotel condotel unit) get a lavish Mooncake Set as well.
Meanwhile, the first 10 investors for the October 21 Open House are slated to receive a Chinese Deli or Pastries set.
Regular income from condotel operations
Ridgewood Premier Hotel offers investors a guaranteed 6% return p.a. and a bonus of up to another 6% p.a. depending on the hotel’s occupancy rates.
Ridgewood Premier Hotel offers 108 rooms ranging from a standard suite (24.8 square meters at P3.54 million including hotel-grade furnishing), to a two-bedroom suite (55.7 sqm at P6.92 million also including hotel furnishing).
Competitive advantage
With over 85% of the condotel project already sold, there are only a few remaining units left for investors to take advantage of their competitive earnings scheme, noted Ngo. “We’re confident that these last few units will be snapped up before yearend,” he predicted.
“Our innovative investment package makes profitability a certainty especially during high inflationary period,” said Ngo. “Buyers of Ridgewood Premier Hotel units can look forward to recovering their investment in about eight to 10 years, plus capital appreciation.”
Ngo has a strong track record as a hotelier, as he is also the Managing Director of Ramada Manila Central Hotel in the Chinatown district of Manila. Thus, he brings a wealth of experience in running the day-to-day operations of Ridgewood Premier Hotel.