Memorial lots selling like hotcakes

Laptops can sell like hotcakes, mobile phones too, as well as countless products we want to get our hands on. But memorial lots? Angelicum Garden of Angels president Robin King think so. Angelicum, located in Mandaue City, Cebu, is a 7.5 hectare memorial garden that offers burial and cremation options for our dearly departed.

King says that a lot of investors are putting in their money in memorial lots because of their investment potential. With an annual average of 12 percent return of investment, capitalizing on a memorial lot offers more earnings than the three to four percent annual interest rate that banks give for savings.

This is good news for OFWs who have made big money from years of working abroad. If you have the cash but not the business acumen needed to make an enterprise flourish, investing your money in a establishment like Angelicum is not only practical but also wise.

Manila Memorial Park senior vice president Dennis Lopez observes that Filipinos put a premium on choosing a place to lay their beloved ones in. Major considerations are the good upkeep and beautiful landscape of a cemetery. The Christian tradition of honoring the dead plays a big role in this regard. We all know that All Souls' Day is a national holiday and to have a good place to visit our departed loved ones is something that we all look forward to.

Real estate brokers should always bear this in mind as they build their client base. While other real estate segments like residential and commercial properties are big sellers, memorial lots can also significantly beef up their sales target. People nowadays are buying memorial lots even long before they need one.

There are four reasons for this, as pointed out by Eternal Gardens Memorial Park Corporation, and they are:

1.Choice. Good lots sell fast and by the time you need one, choice lots may already
have been sold. It is always good to buy early so you can choose what would be the
best for your loved one.
2.Affordability. If you buy a lot at the last minute, you would have to pay in full. And
lots will surely cost higher in the future. Buying at a time long before you need a lot
will offer you easy payment schemes.
3.Protection. When someone in your family dies abruptly, buying a memorial lot can
put a serious strain on your finances. You can prevent this through early purchase
which can be covered by an insurance policy.
4.Investment. Prices for lots increase in time. Purchasing one early on assures you of a
high-yield investment which can give you a good financial return if you decide to
sell the lot to somebody who will need it.

Angelicum, Manila Memorial and Eternal Gardens are only a few of the country's high-end memorial parks. Choose one that you think is best for your family's needs.