Is this development healthy?
The individual investors pay only 30% of the total purchase price and the rest when they get the title and take posession of their property.
As far as I know most of the land they are building on is totally paid for.
So, if the developers don't get the rest of the money, they wouldn't make anything.
Looks healthy to me.
BTW: The same kind of questions were made about CAP CANA, now one of the biggest and most successful real estate projects in the Caribbean, although three years behind schedule.
Isn't that the development where there was the suggestion that money out of the Spanish Operacion Malaya (Marbella scandal) was being laundered via property purchases? Or have I mixed it up with somewhere else?
I heard that on this forum. Is that the kind of rumor that happens any time there is a big land deal? Or is there legitimate concern about Punta Perla?
I guess you would have to know the players involved and I don't. Might be worth googling. I found the thread, though:
http://www.dr1.com/forums/general-stuff/55936-real-estate-corruption-scandal-interviu-magazine-week.html
I guess you would have to know the players involved and I don't. Might be worth googling. I found the thread, though:
http://www.dr1.com/forums/general-stuff/55936-real-estate-corruption-scandal-interviu-magazine-week.html
Isn't that the development where there was the suggestion that money out of the Spanish Operacion Malaya (Marbella scandal) was being laundered via property purchases? Or have I mixed it up with somewhere else?
I think you did connect it to the Malaga scandal! Read your own post!
Answer to your first question: Yes, I am!
I agree with the OP, with 30% downpayment, waiting a couple of years until prices almost double (as they did in CAP CANA), you can make a nice profit!
So then what units do you have?
Are you asking which units I personally own or which units are available for sale?
I am asking what units you own personally.
Don't want to be picky but I asked a question. Followed by a second question which makes it clear that the first question was indeed a question and not a statement.
OK so you're the person in the know. So tell us the nitty gritty.