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| Features: Garden, Pool, Parking | ||||||||||||||||
| Amenities: Golf Course, Tennis Court, Shops, Bars & Restaurants, Medical Facilities, Near beach resort, 24 Hour security, In Spa Resort, Nightclubs / Casinos, In Eco Reserve, By the Sea, Near City | ||||||||||||||||
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Description: Reasons to invest in Punta Perla
8% rental guarantee for up to 10 Years, 70% Finance, an Average of 25% Discount on Launch Prices and 10 Years Tax Exemptions - Punta Perla provides scope for healthy capital growth The Dominican Republic offers an increasingly rare opportunity for real estate investment and Punta Perla is reckoned to be one of the last great investment opportunities in the Caribbean. Punta Perla is a master planned beach resort envisaged to become one of the worlds finest resorts offering luxury accommodation and world class facilities including three signature golf courses. It is situated in approximately 2,700 acres (10.2 million sq metres) of prime beachfront land in the Punta Cana region on the Eastern tip of the Dominican Republic. The site has 3.5 kilometres of beachfront and stretches inland for 5 kilometres. With an amazingly low density of just 11 people per acre and set in 10 million square metres, there is a private piece of paradise for everyone. Multitude Resort Facilities and Service Characterised by wide open spaces that are designed to inspire and enchant, this 10 million square meter resort and its world class sports and leisure facilities will be second to none. The Punta Perla Golf Club is destined to become one of the most prestigious international championship standard Golf retreats the world. The first course is a Colin Montgomerie golf course.
The purchase price includes a US$10,000 resort membership for Punta Perla that allows access to all facilities. Tropical Villages The properties, which are designed into six distinct village styles - Modern, Spanish, Colonial, Mexican, Caribbean and Modern II are set around a number of communal swimming pools, lush gardens, a health spa and sports centre, large central pool complex, retail areas, restaurants and bars. 1 bedroom townhouse: 70mē of living area + 14mē terrace 1 bedroom villa: 78mē of living area + 10mē terrace. 2 bedroom townhouse: > 81mē of living area + > 10mē terrace Golf Apartments Each home offers stunning aspects of beautifully manicured fairways and beyond. Each building is arranged around private tropical gardens and swimming pools, which lead onto the golf course. 2 bedrooms: > 95mē of living area + > 25mē terrace 3 bedrooms: > 104mē of living area + > 47mē terrace Marina Apartments From the rear terrace you can watch the leisurely pace of Punta Perla and from the front look over the buzz of marina life. 2 bedroom apartments: >120mē of living area + > 50mē terrace 2 bedroom penthouses: 135mē of living area + 120mē terrace Star Island Apartments The private gated community of Star Islands offers one of the most prestigious positions within Punta Perla. 2 bedroom apartment: 135mē of living area + 70mē terrace 3 bedroom penthouse: 191mē of living area + 154mē terrace Star Island Bungalows The 35 award winning bungalows are the jewels of the marina. 2 bedrooms: 126mē of living area set within a 300mē plot, their own splash pool and private mooring. Beachfront Apartments Only a few steps from the stunning Caribbean Sea the design is set around the tropical gardens which give the feel of seclusion and luxury. 2 bedrooms: 133mē of living area + 49mē terrace. All residences at Punta Perla are built to the very highest standard and come with the equivalent of the NHBC 10 year guarantee. 8% Guaranteed Rental Yield for up to 10 Years NET or a Rental Pool Programme Punta Perla is widely recognised as the largest dedicated leisure resort development in the world. Owners will be offered 8% return on purchase price guaranteed for five years (net of management and maintenance fees), mutually renewable for a maximum of up to 10 years. Due to the huge demand for the Punta Perla Resort from tour operators, the developer has created a second option which offers investors a variable return equal to 70% of the profit made by the managed rental pool. The income will be split amongst the owners equally with the remaining 30% being used for the services associated with running the rental pool. This option offers the possibility of achieving a higher return than the fixed rental return option although does not come with the peace of mind of any form of Guarantee. The rental return will be paid quarterly in arrears in US dollars. The 8% guarantee is a net return however it will be up to the owner to cover the buildings insurance and hurricane insurance and yearly resort membership fees. The Insurance is estimated to not exceed US$1,200 per annum and the resort fees will be US$1,500 per annum. Purchasers wishing to enter the rental pool will be obliged to purchase a compulsory furniture package. From past experience, the estimated cost will be no more than US$25,000. Prices and Finance Marina Apartments 2 bed $470,000 - $695,000 3 bed $491,000 - $726,000 Beach Apartments 2 bed $556,000 - $718,000 Penthouses $667,000 - $849,000 Star Island Apartments 2 bed $555,000 - $597,000 Penthouse $727,000 - $849,000 Star Island Bungalows 2 bed $1,400,000 Golf Apartments 2 bed $392,000 - $397,000 3 bed $404,000 - $475,000 Tropical Village 1 and 2 bed $245,000 - $339,000 **All prices include compulsory $10,000 resort membership deposit** The only closing costs are notification fees of around US$200-300. The developer will make available, through a nominated bank, a mortgage for 70% of the purchase price on completion. The term is currently up to 15 years at a rate of 7% interest for a repayment mortgage although the lenders anticipate the rate to be lower by completion. There will also be more mortgage options in place by completion. The mortgage offer is related to the property purchase price. The mortgage is not based on personal income and there are no restrictions on foreigners purchasing property in the Dominican Republic. Although there is no bank guarantee, buyers will receive an apportionment of land with planning permission and the land is currently valued at over $1billion. By offering the security on the land that is already owned it negates any financial implication to the buyer. Buyers can sell their residence prior to completion. A Developer With Impressive Track Record Punta Perla is being developed and project managed by Paraiso Tropical S.A, a Dominican Republic company headed up by Spanish developer, Ricardo Miranda. The company was established 25 years ago as the union of various companies within the construction, design, architecture and engineering fields. The development company own the land outright and have full legal land title. The land is worth over $1 billion. How To Reserve A Unit US$10,000 Reservations fee (fully refundable until contract is signed) 30%* Deposit within 28 days of reservation 70% On completion. Funded by developers mortgage, alternative lender or cash * less reservations fee |
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