The pandemic may have paused the economy, but there’s no stopping anyone grabbing a good investment opportunity when presented. This month, Legacy Leisure Residences will be offering its new 15%-85% payment scheme.
“Investing in real estate is always a good idea. The Covid-19 pandemic got a lot of investors into the wait-and-see attitude, but now is a good time to invest with property developers offering investment schemes that won’t break the bank,” said Wesley Bangayan, Vice President of Legacy Leisure Residences.
With Legacy Leisure Residences, the condominium development along Ma-a Road that was launched in January this year, the introductory price was offered with an easy payment plan. The deposit of Php 8,000 per month is payable in 48 months and the balance can be financed by a partner bank or Pag-Ibig Fund, or by availing of the in-house loan.
“The lockdown was implemented right after we launched,” said Bangayan, “Thus construction and sales was put to a pause. When the restriction was eased, we went back to the field right away. Whatever delay there was, it was minor. Construction is back on schedule.”
Bangayan said they did the same with their sales and marketing. “We had to get creative during this period of pandemic. First and foremost, we boosted the team’s morale with the help of a motivational speaker. Then we strengthened product knowledge with everyone including our partners, and invited a creative, tech-savvy expert to join the team.”
In place of marketing activities like mall exhibits and sales caravans, Bangayan said they went all out via the digital format—virtual tour of the showroom, sales meetings, etc. Adding to the company-initiated high visibility plan in both print and social media, one of the thrusts of the Legacy Leisure is to get the partners involved in the advertising and promotions via social media.
Now reaching a wider audience is why investing in Legacy Leisure Residences is wise: construction stayed on schedule even during the pandemic; the project is world-class with its resort living concept and impressive amenities; excellent residential location with easy access to key locations; and most importantly, owning the widest condominium space in the market today is most affordable at this project.
The plan produced positive results. May Reyes, Legacy Leisure Residences’ marketing manager said, “There was a very substantial increase in our sales. From 5% of the units sold in Tower 2 the previous months, it picked up and sky- rocketed to 60% of the units sold by September to November.”
“We are now reaching more people via different media channels. Many saw the advantages of investing in Legacy Leisure Residences and a lot of them are now homeowners. They grabbed the chance to own before a price increase and while there are still available units for Tower 2. But our inventory is selling out fast. If you’re considering living in a vertical village, now is a good time to invest as well,” said Bangayan.
Bangayan is also confident that Legacy Leisure’s new 15%-80% payment scheme will further boost the sales of the condominium project. Reyes stressed that the advantage of this new payment scheme is a higher probability for banks to approve the amortization.
The new scheme offers no reservations fee and the is not restricted to the computed monthly price. The client can pay a higher monthly payment which will adjust and lessen the 85% balance. Hence, a higher probability for approved loan.