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Home > Caribbean > Dominican Republic

Punta Perla Contracts For Sale - No Risk!!



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Page Views: 1812
Added: 02/17/2009
Updated: 02/17/2009
Advert ID
: 72356

About this 2 - Semi-Detached

OWN YOUR OWN PIECE OF PARADISE IN THE DOMINICAN REPUBLIC - NO RISK!!

Protect Your Hard Earned Cash Invest In Real estate!

This deal will not last long, contact us now!

One of the last great investment opportunities in the Caribbean!

TWO CONTRACTS FOR SALE - TWO 2 BEDROOM VILLAS IN THE DOMINICAN REPUBLIC - $148,000 USD EACH

The market value for each of these villas is $350,000 USD.

Construction is due to be completed late 2009 - early 2010.

These contracts have been Notarized in the Dominican Republic by the developer and at the Dominican Consulate in Toronto. Guaranteed financing has been negotiated in these contracts and all Due Diligence has been performed by our lawyer in the Dominican Republic.

With the World Economy in the state it is in, the BEST way to hedge against inflation is Real Estate Investment. We have taken all the risk out of Pre-Development Offshore/Overseas Real Estate Investment.

Why is this a NO RISK investment?

Tourism in the Dominican Republic has NOT been affected by the global economic crisis. The Dominican economy continues to thrive in the Global Recession!

In mid October 2008 the developer of this project was granted the "Confotur" which basically gives him the approval for all tax incentives listed below and more importantly the go ahead to begin the massive construction of the Punta Perla project.

On December 30, 2008 the Dominican President laid the first stone at the Punta Perla Caribbean Golf Marina and Spa Resort signalling the official Groundbreaking and opening of construction.

Dominican Republic TOURISM INCENTIVE LAW #158-01 applies specifically to the Confotur

2 Villas in the Dominican Republic - Contracts For Sale

No Other Dominican Development Has The Following Incentives

GUARANTEED RENTAL RETURN

NO CAPITAL GAINS TAX

NO INCOME TAX

NO PROPERTY PURCHASE TAX

Property Details:

Project Name: Punta Perla Caribbean Golf Marina and Spa Resort

Project Location: Punta Cana, Dominican Republic

Tropical Village Poblado Tropical

2 Bedroom Single Storey Linked Villa - 81m2 (872 sq.ft.) Built + 27m2 (291 sq.ft.) Terrace

Features
Guaranteed rental return
Fully furnished to rental standards
Hot and Cold Air Conditioning
Irrigated, Landscaped Grounds
Large Terrace
Large Villa
Marble Bathrooms
Satellite Te*ion Dish Installation
Wood and Marble Flooring
Wooden Blinds in Bedrooms

Government incentives to attract both real estate investment and tourism continue with the introduction of Law 158. This entitles investors in the country several benefits such as no stamp duty on purchases saving in excess of 4% of the property price, no tax liability on rental incomes and no capital gains tax.

These properties will offer both a guaranteed rental income and potential for significant capital growth.

Punta Perla is a master planned resort envisaged to become one of the worlds finest resorts offering luxury accommodation and world class amenities. 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.

There will be approximately 8500 properties on Punta Perla. Punta Perla will be a low density build offering just 11 people per acre.

All properties on Punta Perla are freehold.

Punta Perla is being developed and project managed by Pariso Tropical S.A, a Dominican Republic company headed up by Spanish developer, Ricardo Miranda. The developer has full legal title to the land.

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.

Every purchaser on Punta Perla will be offered a fixed annual rental return equating to 8% of the purchase price (less the $10,000 resort membership fee) for a period of 5 years. This return will then be renewable annually for up to another 5 years at the agreement of both parties. The rental contract will be with a company partly owned by the developer who will make agreements with major tour operators who will in turn guarantee the rental return.

Continued Government incentives to attract both real estate investment and tourism continue with the introduction of Law 158. This entitles investors in the country several benefits such as no stamp duty on purchases saving in excess of 4% of the property price, no tax liability on rental incomes and no capital gains tax.

Punta Perla is a totally private gated community for residents and guests only and is protected by 24 hour security.

Contact Trevor at 1-888-812-9110 or email office@pthomeinternetmarketing.com


City/Town: Punta Cana
Address of Property: Punta Cana
Postcode/Zip: L1T2V1 [map]
Bedrooms: 2
Reception Rooms: 1
Bathrooms: 2
Type of Property: Semi-Detached
Price: USD 148000.00 [convert]

Features

Central Heating: Electric
Burglar Alarm: Yes
Parking Facilities: Off Street
Gardens: Front & Rear
Double Glazed: Yes
Near Shops: Yes
Near School : Yes
Loft:
Utility Room:
Patio: Yes

Extra Features

Air Conditioning, Deck, Hardwood, Range, Cooker, Dishwasher, Washing machine, Dryer, Swimming pool

Area Information

Contact Information

Email Seller: Email Seller
Contact person:  rent homeTrevor Lee
Advertiser Type : used carPrivate Seller
Phone:  used car888-812-9110
Sellers City, County :  Ajax Ontario Canada
URL:  rent homepthomeinternetmarketing.com
Map: View property location
See other listings by this user (0)

Additional photos

Domincan President Fernandez Ground Breaking Ceremony

Layout of 2 Bedroom Villa

Punta Perla Tropical Village
       

 

For Sale by Owner - Houses for Sale Punta Cana - Sale Home in Punta Cana



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