Ocean Point II Condos on Kite Beach

May 20, 2012
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Name change at Ocean Point II to Caba Reef it appears. These are privately owned condos, but several are still owned by developer.

So what else has changed? Saw a billboard for 2 bed condo for $500K (Penthouse for a mere $1.5M) I think! Is this a case of Dominican tradition of raising prices when things don't sell, putting lipstick on a pig, or have they done some serious improvements or gold plated everything? Because recent sale of 2bed condo at Ocean PointI had asking price of $250K, so was that or less. And that's a better location....
 

SKY

Gold
Apr 11, 2004
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Anybody that pays attention to asking prices in this country belongs in the Casino Scam Thread as a prospective player.
 

hammerdown

Bronze
Apr 29, 2005
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OP and the new Caba Reef are managed by different management companies. OP changed to Cabarete Lifestyle management, and CR is still the same Fun for Life management.
As far as the billboard ad goes, its a way to show present owners "Hey look what they are selling for, you haven't lost any money!!" when in reality they are worth half of what the ad says.
 

hammerdown

Bronze
Apr 29, 2005
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107
63
No not the same, Holdens company is Cabarete Lifestyle, and GG used to be the guy in Fun for Life, I don't know if he is still in charge though.....Holden just got the go ahead for OP1 and hasn't managed 2, or now Caba Reef