Dear All

 

I am pleased to announce that I had a meeting with the developer this week where I witnessed the letter from their lawyers in the DR confirming ownership of all plots within the boundary of the Punta Perla project. This letter should allay any fears of the security of our money that we have all invested, as the land is now valued at over $2 billion and has no borrowings, mortgage or lien upon it. Not having to pay interest puts our project in an incredibly strong position and makes it very attractive to would be institutional investors. Incidentally at significant cost to the developer, the same letter was stamped by a notary confirming that the document is legitimate and had been checked by an independent body. A copy of this letter will be sent to all investors within the next week.

 

At the same meeting I was privy to seeing the construction schedule of the main works for the building of phases zero and one referred to in a previous news letter from the developer. The project is enormous and the organisation behind the scenes to get us this far is just fantastic. I hope to be able to share much of this with you all very soon.

 

The developers paranoia of not wishing to release information prior to events actually starting is wholly understandable given the delays they have had to endure thus far. There is much envy of a non-Dominican company leading and building out the number one project (as quoted by the new DR Minister for tourism) in the Dominican Republic. We have to avoid any further delays by shielding critical information until it cannot be miss-used in any way.

 

Like everybody else who has invested in Punta Perla, I too have been tearing my hair out with the frustration and the lack of progress, but please rest assured that what has been going on in the background to protect and progress Punta Perla is incredible. I do appreciate that no matter how many superlatives I use to describe my meetings mean very little to you all until there is evidence of our properties and the project being built. With the labour and resources I am told that are at hand that when full scale construction does get underway that things will move very quickly.

 

The plan is for the developer (when I say developer, I mean the development company) to arrange a small number of meetings for existing investors to explain the progress of the project so far and to present what we can all look forward to. It is true that communication from the developer has been far from satisfactory from a public perspective, but believe me there have been reasons for much of what has not been communicated. I am sure that in the next month or so that things will improve dramatically in that area.

 

Once again, on behalf of the developer, thank you all for your patience and I look forward to sharing some more good news with you very soon.

 

Kindest regards
 
Mark Andrew
Emerging Earth Ltd
12 Eaton Court Road,
Colmworth Business Park,
Eaton Socon,
Cambs
PE19 8ER

 

 

BEGINNING OF WORK

 

We have finished the clearing of the site, erected perimeter fencing and the signage according to the law in Venezuela. The construction of the foundation will start at the end of this month. We will be using the socalled "tunnel construction system" which it 3 times quicker than normal construction.

 

To read complete report in PDF format please download it here:

http://www.sunnycomfort.com/info/CARACOLA-NEWSLETTER-January-2010.pdf

 

 

Dear Clients

 

Following on from a very successful meeting with the developer and his team two weeks ago, I am pleased to bring you up to speed with progress on the project and expected timelines. The purpose of the meeting was to discuss some rumours that have been circulating on various anonymous blog sites as well as provide you with an update on the project. I was accompanied by an agent and fellow purchaser, Nick Kier who would also testify to being satisfied with the information placed before us at the meeting.

 

I must confirm that neither Nick nor I are lawyers and therefore the information I am about to share is simply my opinion though I can confirm that the developer has advised us that he is prepared to provide signed letters supporting our findings from his lawyers. The law firm which the developer uses in the DR is considered to be one of the best and is in fact headed up by Marco Herrera, the Dominican Minister for Investment.  The letters from the lawyers will be available for inspection only and may not be copied or distributed. Should anyone wish to explore any supporting documentation any further then they may go to the relevant public offices in the DR as the documents are a matter of Public Record.

 

Background

 

Since getting Punta Perla off the ground there have been a number of factions and individuals who have tried to stall, damage and destroy the project for a variety of reasons. These people have and will continue to fail because the developer has refused to go about his business outside of the law and has stuck by doing things legally and the correct way from the start and will continue to do so until conclusion of the whole project.  It is evident right now that these individuals are trying their level best to cast a shadow over the developer and his good name. Any notion of whether the project is a scam or will happen or not should be completely discarded.

 

Let’s face it, if the developer were to run off with our money, surely he would have done it by now and not still be around fighting for and driving the project forward in a manner which will make it the best resort project on the planet. If there was any doubt whatsoever that there was anything of any legal question about the project then surely the authorities would have identified it by now and have put a halt to matters. The President of the country has publicly stated that he considers Punta Perla to be the best project in the DR and has complemented Ricardo Miranda for having stuck by his the project when many would have walked away with all of the challenges he has faced and overcome.

 

Prince Albert II of Monaco is one of the world’s highest profile environmentalists and he continues to support the project because of the significant benefit it will bring to the beautiful Punta Cana coastline as well as the minimal impact the project will have upon the environment. The processes, technologies and building methods employed by Punta Perla will stand as a bench mark moving forward for large construction projects creating a minimal carbon footprint. It is unthinkable that a project as large and important as Punta Perla, with the public backing of its country’s President and that of Prince Albert of Monaco, could be anything but legitimate and in complete compliance with all aspects of design, development and operation.

 

Let me start off by trying to allay some people’s fears or concerns regarding the ownership of the land. We were witness to what we believe to be all of the relevant and correct documentation which supports that the developer owns all of the plots contained within Punta Perla and that there is NO mortgage or lien of any type upon the land.  Should anyone wish to come and see the letter I am expecting to support this from the lawyers, please let me know and I will arrange an appointment.

 

Because of the existence of these people wishing to harm the project, the developers team has had to adopt a very cautious attitude towards management and distribution of information, which is why to date that we have been starved of much meaningful news about the project. This is expected to improve in the very near future, so watch this space as there is some very exciting news coming up.

 

Like everybody, I too have been frustrated with the delays with Punta Perla however remain convinced that we have all invested wisely and can look forward to the benefits of our properties in the course of next year. In some respects, with the current economic climate globally, you could take a view that its delay has actually worked to our benefit. When many tourism based economies have taken a significant tumble in the last two years, the DR continues to grow, which I believe to be down to the beautiful beaches, tropical climate and welcoming people at a fraction of the cost of other “blue chip” islands. It is no secret that the high end tourists who year in, year out have visited the likes of Bermuda, the Bahamas and Barbados are now finding equal standards of accommodation and facilities in the DR for half of the price. The DR continues to attract more tourists every year than any other Caribbean destination.

 

Progress

 

So far we have seen the start of the building of the Beach Club and boutique hotel which is expected to be complete in July of this year. Full construction of phases zero and one is expected to start from March onwards and the developer has assured me that he has the manpower and resource to have completed all of our properties and supporting facilities during the summer of next year. The facilities include the first golf course, marina, retail outlets and many other facilities to be advised shortly. I was assured that all finance is in place to build out the whole project and that there are no borrowings upon the land. There are currently three major international banks that will be offering mortgages upon completion. They are: Santander, BHD and one more to be announced later this month.

 

Once construction is underway I will look forward to sharing a detailed schedule of construction with you all as well as various other snippets to whet you appetites.

 

The developer was also adamant that our properties would all be delivered with supporting facilities next year and that our project will serve as a benchmark for high end resorts the world over. I am also pleased to report that one of our co-investors has just returned from the DR on his honeymoon. The client is Ben Potter and he has set up his own blog site which reports the good, the bad and the ugly by genuine Punta Perla investors and not protagonists pretending to be investors who do nothing but try to damage PP. As well as discussion, there are recent photos of the project. Ben is a technologist who understands websites and blog sites and has put this one  together so that fellow investors may speak frankly and candidly about the project and try to assist its progress rather than hinder. To register with Bens site,  either scan the front page of your purchase contract with your details on or refer Ben to me and I can confirm that you are a fellow purchaser.

 

The web link is:- http://puntaperlaforum.proboards.com/

 

Once again, I would like to take this opportunity on behalf of the developer to thank you for your patience and understanding. I personally am beginning to feel that we can now see the light at the end of what has been a long and dark tunnel. Try to remain positive and in about 18 months or so I am sure that we will all have plenty to celebrate.

 
Mark Andrew
Emerging Earth Ltd
12 Eaton Court Road,
Colmworth Business Park,
Eaton Socon,
Cambs
PE19 8ER

 

 

Santo Domingo.- The World Bank published the Doing Business 2010 report which ranks the Dominican Republic in 86th place, out of 183 economies, climbing 16 places, up from 102 in the 2009 report.

 

According to Maria Victoria Abreu, of the National Competitiveness Council (CNC), the difference was made by the new Corporation Law (No. 479-08) promoted by the CNC. The new law calls for new modern corporate structures as well as significantly easing company formation, Abreu stated.

 

Between June 2008 and May 2009, 287 reforms were recorded in 131 economies, 20% more than the year before. Reformers focused on making it easier to start and operate a business, strengthening property rights and improving the efficiency of commercial dispute resolution and bankruptcy procedures.

 

DominicanToday.com, 12 September 2009

 

 

SANTO DOMINGO.- Tourism minister Francisco Javier Garcia affirms that the country's lodging industry is recovering and continues being an attractive "long destination" market, for which new ad campaigns are being created world-wide.

 

He said the Central European markets of Austria, Slovakia and Rumania will be covered by a promotion office in Vienna.

 

"The perspective for tourism in general are evidently good," since this sector has been the least affected by the financial crisis, the official said, interviewed by newspaper El Caribe.

 

He said the figures confirm that the tourist arrivals fell barely 3% in June and July, farm from January's 9%. "What means that the situation been changing favorably."

 

Garcia said that as the result of the new inclusion of tourists from 45 countries, "the arrival of tourists will continue growing; our market will continue being a great attraction for the emitting markets," and cited France, Germany, England and Italy, as "continuing to occupy first place regarding long destinations."

 

The United States and Canada

 

As to the United State Garcia said for this date the numbers were in red at around 10%, and still the tourist market of Dominicans there is at around at 1.5% growth which in his view is good. "Because new flights to markets which are even being inaugurated which we don't have yet established, for example, the Chicago and Puerto Plata flight."

 

The Tourism Minister said the Hispanic market of New Jersey -New York has grown, including Dominicans, although last year their visits from United States fell 11%, but has climbed 7% in the first half.

 

In Canada's case Garcia said it's still a consistent market, with increase of around 6% in the first 6 months this year.

 

DominicanToday.com, 19 August 2009
http://www.dominicantoday.com/dr/tourism/2009/8/19/32966/Dominican-lodging-industry-is-recovering-Tourism-chief-says

 

 

Hello Everybody:

 

Last Wednesday the 12th of August there was published in LA GACETA, Number 151, the Law 694 named: "LEY DE PROMOCION DE INGRESO DE RESIDENTES PENSIONADOS Y RESIDENTES RENTISTAS" which was approved by the National Assembly (Nicaraguan Congress), on June 18th.

 

With this law, The Nicaraguan Government is changing the previous Law #628 from 1974. The new law has several advantages over the last one, such as more details about the procedure to get Residency in the two standard ways: Retirement with Pension or with Private income. There are more definitions and it is going to be useful for Government INTUR - Instituto Nicaragüense de Turismo or the Tourism Nicaraguan Tourism Institute, which is the government's Department in charge of applying this Law.

 

In my opinion it is the result of many years of application of the previous law which had several gaps and we Lawyers, Retirees and INTUR had to figure out what to do with those gaps. Now we have a comprehensive Law and it will not be subject to personal interpretations, most of it at least. The new Law has some of the same benefits as the old one, but they are improved, and it includes some new ones.

 

This commentary is to explain the most important parts, the gist of the law, and not to describe the structure or explain one by one the 27 articles of the Law.

 

The objective of this Law is the promotion of the Special Tourism, and gives many people the opportunity to come to Nicaragua to live for a long period of time as a Resident (five years). To people who can prove an minimum income, it gives a special fiscal treatment with tax exemptions.

 

To take advantage of this law and get its benefits, people who are going to apply must prove a monthly income of Six hundred US dollars ($ 600.00) for Retiree (on pension) and Seven hundred fifty US dollars ( $ 750.00) for people with privates incomes; i.e. benefits or incomes from Investments, Certificate of Deposits for five years, Bonus, Revenues, Stocks, Rents, Retirement Plans, etc. Dependants could be parents of the applicant, spouse (husband or wife), children under 21 years old; or any other relative in the four grades who are dependents of the applicant. The applicant must have an income of One hundred fifty US dollars ($150.00) for each dependent.

 

Nicaraguans who have been living more than ten years abroad and have an income coming from abroad, according to the Law, also can get the benefits of this Law.

 

The Benefits are:

 

1. Right to Residency for five years.

 

2. Exemption from payment of the one way ticket out of the country for the applicant/resident.

 

3. A tax exemption for a vehicle C.I.F. (Cost, Insurance and Freight), up to twenty five thousand dollars ($ 25,000.00); if the price of the vehicle is over twenty five thousand dollars ($ 25,000.00) the Resident will pay taxes on the difference. This vehicle can be changed with tax exemption every four years. Vehicles can be imported from the country where the applicant comes from or bought in Nicaragua in both cases there will be a tax exemption.

 

4. A tax exemption of twenty thousand dollars ($ 20,000.00) for household goods. There is a comprehensive list of articles that can be considered household goods. i.e.: "household goods are the new or used goods that help or allow living comfortably in a house".

 

5. A tax exemption of fifty thousand dollars ($ 50,000.00) of the VAT (value added tax) on construction materials to build a house to live in.

 

6. Tax exemption of the VAT on rental cars of the Resident, for his personal use in Nicaragua.

 

Requirements: People who want to apply and get these benefits must submit these documents:

 

1. Application form.
2. Income certification
3. Birth Certificate
4. Two pictures
5. Health Certificate
6. Photocopy of the passport
7. Marriage License (where relevant)
8. Police Record Certificate
9. List of the household goods and vehicle's documentation
10. Naturalization Certificate for people who have a different nationality than where they were born.

 

The whole documentation must be Apostilled (given Consular Legalization) and Authenticated in the country where the documents come from, for the Nicaraguan Consulate.

 

Obligations:

 

1. Live in Nicaragua at least six months per year, it could be continuous or discontinuous. However, with INTUR's authorization there could be exemptions, e.g. heath reasons or having investments in real estate over Seventy five thousand dollars ($ 75,000.00) in Nicaragua.

 

2. Submit every year to INTUR, documentation to prove that his/her income (in the amounts specified above) comes into Nicaragua.

 

3. The renewal every five years of the Residency according to the Residency Law of the Immigration Department.

 

Prohibition:

 

1. The Resident can't work in Nicaragua with government money; but could do private investments in a business and make investments in real estate over Seventy five thousand dollars ( $ 75,000.00) in Nicaragua in accordance with the Ministry of Economy and Development's approval. People such as scientists or professors in Universities or Research Institutes will be able to work in Nicaragua.

 

2. People who build a house for personal or private use, with tax exemptions in construction materials, can't transfer/sell the house for ten years or they must pay the taxes on those materials.

 

The age to apply:

 

The legal age to apply for both Retiree and Private Income applicants is forty five years old, however the same Law in article 23 exempts people who are previously retired for medical reasons or with private income clearly proven. That means, to apply as Resident with Private Income there are in fact no limitations.

 

The previous Law of 1974's effect and Existing Residents:

 

People who got residency before this law went into effect will not be affected, even if their incomes are lower than that required by the new law; the law doesn't have a retroactive effect, so the people who actually are resident under the previous law don't have to prove or raise their incomes and will get the same benefits as new residents.

 

REGULATIONS:

 

INTUR is at the present time working on the regulations of this Law, that is, the rules of application. I will send my opinion to the Director of the Legal Department about the gaps and suggestions that, based on my expertise, must be considered.

 

This is a modern Law which offers several advantages over the last one, and I am pretty sure it will be a wonderful tool for "ex pats" who want to live in Nicaragua.

 

Thank you, and of course I will be pleased to assist everyone.

 

Paul Tiffer

Attorney at law, Public Notary

Tiffer & Associates

Cell Phone: (505) 88841652

Managua, Nicaragua

ptiffer@cablenet.com.ni

 

 

Esteemed Investors and Collaborators,

 

As part of our efforts to maintain all of our clients updated, and regardless of the fact that we are already planning a more complete issue of our Newsletter after the holiday season, we have put together a little selection of pictures taken over this past month of the construction works in the Punta Perla site that we wanted to share with you.

 

Specifically, these pictures correspond to the finished on-site technical office on the site and to the current works on the bungalows of the Hotel Boutique and the Beach Club.

 

Also, we wanted to share with you the new design of our Newsletter, which coincides with the re-launch of one of our websites, http://www.puntaperlasa.com, with a new look and format. This will be a very dynamic site, and it will be frequently updated. We are very excited about this announcement, which comes to show a small part of all the work that is being done by the Punta Perla Golf, Marina and Spa, S.A. team in the last months.

 

Lastly, we remind you to stay tuned for the next communications, which will be filled with positive and exciting news from different Departments of the company.

 

We hope you are enjoying a peaceful and relaxing summer together with your loved ones, and look forward to sharing all the exciting advances with you next fall.

 

 

PICTURES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHERS NEWS

 

Last July, a meeting took place in the development company's offices in Madrid with various members of Punta Perla's Executive Board, a couple of investors' representatives and two of our main commercial agents, Mark Andrew and Nick Kier.

 

Midway through the meeting, we all shared a relaxed lunch at a local restaurant before returning to the offices to resume our conversations regarding the project.

 

Among other things, we explained once again the causes behind the past delays, the current state of the construction works and the exciting future ahead.

 

The overall impression of the meeting and all the matters discussed was very positive and with a very high level of understanding between all the participants.

 

ISSUE 4  August 2009

 

Eva Sotres

Investor Relations Manager

 

 

As of Friday, June 5, 2009 we have a new Coastal Law. After five years of negotiations, discussions and meetings, the Ley de Desarrollo de Zonas Costeras ("Coastal Law") became law by unanimous vote. The passage of the Law brings to a conclusion the uncertainties engendered by five years of rumors and unknowns.

 

Below are some highlights of the new Law.

 

Article 2 of the Agrarian Law of 1917
Article 2 established that the State owned all vacant and untitled (as of 1917) land within 2 kilometers of the coast. The new Law, in Article 62, states that if there is a conflict between existing laws the Coastal Law will prevail over all previous laws. The new Law neither affects nor restricts legally acquired possessor and private property rights that were acquired prior to the passage of the Coastal Law. Article 62 specifically states that this Article is intended to give judicial security for investments and the use and enjoyment of property. The Article further states that whenever the Coastal Law refers to ownership and use of the coastal zone, especially the demarcation of the public use area, the new Coastal Law is the law to apply. All other previous laws that oppose or contradict the new Law are without effect. The diputados believe that this Article makes the Law a non-confiscatory law. Although ANID and the private sector wanted Article 2 to be annulled, Article 62 was the agreed upon compromise. It is hoped that the interpretation of the term “legally acquired’ does not become a weapon for governments in the future to use against rightful property owners.

 

Access
The Coastal Law states that public access to the beach will be located at all times at historical access points. Historic access is defined in the Law as having been customarily used for ten years or more.

 

If there is no historical access and none is planned either in the developer’s master plan or in the public development plan, then a new access path will be established. The establishment of the new access path will be done with the approval of the Commission for Coastal Development (CDZC), the Municipality and the landowner and will be 10 meters wide.

 

Definitions and Concepts
The Coastal Law defines Coastal as being the area or land between the low tide and the maximum high tide along the ocean.

 

Coastal Zone is defined as the area that is a variable width along the border between the dry land and the wet land.

 

Restricted Zone is the area within the coast and the coastal zones.

 

The Coastal Public Use Zone includes the beaches (which is defined as the area that is covered by water at any time) and the area between high and low tide plus 50 meters inland from the mean high tide, but legally acquired rights will be respected. However, the 50 meters will have zoning restriction and a requirement for environmental impact studies on privately owned land. (See Article 19.)

 

The Public Use Zone along natural lakes and lagoons is the mean high water line plus 5 meters inland. For artificial and man-made lakes, the originally established public domain boundary will control.

 

The Coastal Restricted Use Zone along ocean lands is the area where the public use zone ends plus 200 meters inland where the land is owned by the State and was not legally acquired prior to passage of the Law.

 

The Coastal and the Coastal Zones are in the public domain and owned by the State, unless the rights to these areas were legally acquired prior to enactment of the Law.

 

Private property is described as titles legally acquired prior to passage of the Law.

 

State owned lands cannot be sold, privatized or transferred. Legally acquired titles that were acquired prior to the passage of the law will be recognized.

 

Islands are owned by the State unless they were legally acquired prior to the passage of the Law.

 

Lands belonging to indigenous communities are not in the public domain.

 

Increases in land along the Coastal Zone shall be property of the State regardless of whether the increases were caused by natural or man-made events.

 

Possession of publicly owned lands will not, under any circumstances, imply right of possession or title.

 

CDZC
The Law requires the creation of a Commission for the Development of the Coastal Zones (Comisión para el Desarrollo de las Zonas Costeras (CDZC)). The Commission will be composed of representatives from the Instituto Nicaragüense de Turismo (INTUR), Instituto Nicaragüense de Estudios Territoriales (INETER), Ministerio de Trasporte e Infraestructura (MTI), Ministerio del Ambiente y Recursos Naturales (MARENA), the Nicaraguan Army, the National Police, COSEP, RAAN, RAAS, and the Municipalities (AMUNIC),

 

CDZC will be responsible for overseeing the development of a Coastal Zone map (to be done within 3 years) and delineating public and private zones (to be done within 5 years). It will also oversee the granting of concessions by the Municipalities and the creation of a Development Plan for the Coastal Zones.

 

Public Use Zone
The Coastal Law establishes a public use area belonging to the State of 50 meters along the oceans measured inland from the mean high tide line, unless the property was legally acquired prior to passage of the Law. The line for public use areas along natural lakes and lagoons (including Laguna de Apoyo and Laguna de Masaya) is 5 meters from the mean high water line.

 

Nevertheless, the Law specifically states that if a property owner has legally acquired land and his legal title includes land within the public use zone, the private property owner’s rights and title will be respected. Nevertheless, the government may impose use or zoning restrictions on the area defined as the public use zone.

 

Some of the allowed activities in the public use zone are: sun and beach tourism; sports; public walkways; emergency vehicle circulation; and temporary lifesaving structures. The prohibited activities include: residential structures; walls; fences; roadways; high tension electric lines; permanent commercial buildings; and parking areas for cars. Nothing will be allowed to be constructed that will obstruct the free use of the public zone by the public.

 

Concessions
Concessions will be granted on publicly owned land. Publicly owned land includes the coastal zone, the public use zone and restricted use zone so long as these areas are owned by the State. Concessions are not applicable to privately owned land.

 

Municipalities will have the right to grant concessions with the coordination of the central government. Concessions, once granted, will be registered in a Concession Registry.

 

Concessions may be granted to Nicaraguans, Nicaraguan corporations and resident foreigners. The procedures and requirements to acquire a concession are to be established by Regulation. The Law lists some requirements to apply for a concession which depend upon the purpose of the requested concession (commercial, tourism, or residential). A bond or guaranty will be required to apply for a concession. Only one concession per person (or his spouse or minor children) may be granted. A concession will be granted for 20 years or in the case of a tourism development for a period of 59 years.

 

The priority for the granting of a concession will be to favor the party who is in good faith possession of the land.

 

RAAN and RAAS:
This summary of the Law does not address the rights along the Caribbean or Atlantic Coast. The law has specific provisions for the communities and lands in these areas.

 

Conclusion
ANID is pleased that the uncertainties of the last five years, pending the passage of the Coastal Law, are finally over. We are hopeful that with the inclusion of Article 62, the Coastal Law will be enforced for the benefit of the public and the public’s right to use of the beaches of Nicaragua, but with respect for the legally acquired property rights of individual property owners.

 

 

Gran Pacifica Resort

 

 

Zero crime in Dominican resort regions, Tourism Police chief says

 

SANTO DOMINGO.- The crime rate in the in the country's tourism zones has fallen to zero, affirmed Tourism Police (Politur) director Henry Gomez yesterday.

 

The official said the reduction took place since January, when the patrols in those zones increased. He said Politur currently has 1,150 agents, but 300 auxiliary police will be added next week.

 

Gomez spoke during the launch of Politur's Website www.politur.gob.do, in coordination with the Presidency's Office for Information and Communication Technology (Optic).

 

DominicanToday.com, 7 August 2009

 

 

Dear Friend,

 

Our CEO, Mike Cobb, has been working with new ideas to bring our friends, relatives, and other interested persons to affordable ways to enjoy the warm days and nice evenings of Gran Pacifica.This new idea might be right up your alley, and not break the bank.There are only five positions left of sixteen in a fractional ownership condominium in the first building at Las Perlas.

 

Unit #121, with two bedrooms and a fold out (for a third sleeping area), can accommodate six adults.It is already being rented regularly, as it is situated right on the ocean front overlooking the swimming pool, not to mention the world class surf waves just 75 yards away and the golf course opening this December. It is also located near the restaurant, should you choose not to use the full kitchen, and serve your meal on beautiful black granite countertops.Currently, you can own an entire condo up to $599k,but Mike thought it might be advantageous to have a great entry price for 3 weeks usage and ownership for ..$28,323.

 

2nd floor corner unit overlooking ocean, golf course and pool.

 

Enjoy oceanfront sunsets from your living room and verandah.

 

    * Over 1700 sq. ft. of living space, including 400 sq. ft. of terraces.
    * Granite counters, all appliances, appointments down to the silver.
    * Annual expenses, including insurance, HOA, utilities, and maintenance fees are only $787/year.
    * Social membership in the golf club is included.
    * See the floor plan for the Granada two bedroom condo here:
      http://www.granpacifica.com/assets/docs/granada_rivas.pdf
    * Inquire to adminATsunnycomfort.com, and ask about the Fractional Ownership.

 

Mike hopes you'll join him by contacting Kent today.These five positions will not last long, and you can start your plans for your next vacation by enjoying your own condo, or receive your share of applicable rent.

 

Regards,
Sales/Gran Pacifica

 

Ps: Even if you own a lot or home at GP, what a great opportunity for investment as GP grows and adds the golf course, homes, and additional condominium projects.