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New Project for Punta Cana - Dominican Republic
Punta Cana is a recently developed area, approximately 1000 acres on the eastern tip of the Dominican Republic, with a shore on the Atlantic Ocean. Host to a burgeoning tourist trade, the region is growing at an exciting pace. The democratically elected government is crafting laws to encourage controlled and quality development. A number of political dignitaries, business leaders and celebrities have chosen Punta Cana for their primary or vacation homes.
Weather in Dominican Republic constantly pleasant with average temperatures around 82° in the summer and 62° in the winter. Punta Cana is blessed with continuous warm ocean breezes, and hundreds of shady coconut palms dot the mile upon mile of sugar-sand white beaches.
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The project offers a superior lifestyle with all the pleasures of a Caribbean paradise: stylish and luxurious homes, lush landscapes, sunshine, gentle breezes, a 27-hole golf course, water sports and nearby beaches. Its “bioclimatic design” utilizes the area’s natural resources and climate to their best natural benefits.
Development Partners
International Property Developers are an appointed agent.
Alberto Vasquez is the president of Tropicaribe Investments, a company whose mission and sole purpose is to promote, encourage and develop this Resort & Country Club. Mr. Vasquez has developed a very successful career in the world of real estate in South Florida over the past 12 years. He leads a group of professionals who have extensive experience in the technical, administrative and sales areas of real estate, the exact type of experience that’s needed to successfully carry out the mission of Investment Tropicaribe.
Global Golf Company
Since 1994, the developer has been dedicated to designing and developing golf neighborhoods in Europe and America. Their designs guarantee the best return to investors by giving homebuyers an urban development utilizing the highest technical design standards, for unmatched quality of life.
Constructora Termini (COTERSA)
Constructora Termini has 37 years experience in the construction industry and engineering designs. Salvador Antonio Termini directs this prestigious company, adapting expertly to the unexpected requirements and technical innovations that arise during construction. They provide a wide range of light and heavy equipment and highly trained personnel, enabling them ensure delivery of contracted work in the stipulated timeframe.
PROAMSA
Created in 1996, this Venezuelan corporation is dedicated to the reduction of the environmental impact created by the petroleum industry and its drilling activities. PROAMSA presents an environmentally friendly alternative, offering services including collection, transport, treatment, and disposal of waste products utilizing flocculation, biotreatment, and InteBios technologies.
Stewart Title Dominican Republic
Stewart Title is a company with 111 years of experience, based in Houston, Texas. It is one of the largest legal information services in the real estate industry. Its mission is to minimize risk and maximize the benefits of the buyers and sellers involved in real estate transactions |
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PAYMENT OPTIONS
 Payments with Finance
Option One
Separation of property with USD$5,000
After 30 days of the separation, client signs purchase agreement and gives 10% of the value of the property, minus the separation
After 60 days of the purchase agreement, client gives the second 10% of the value of the property
After 90 days of purchase agreement, client gives the third 10% of the value of the property
(Client has also the option to pay 30% when he signs the purchase agreement)
70% financed through Banco Popular Dominicano at handover date.
Finance available with Banco Popular Dominicano -requirements of the bank: personal documentation from the country of origin and where client resides.
Cash Payments = (10% Discount)
Option Two
Separation of property with USD$5,000
After 30 days of the separation, client signs purchase agreement and pays 30% of the total of the property. After the purchase agreement, client has to pay five (5) payments of 10% of the total of the property every 90 days.
20% at handover date.
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| Dominican Republic offers an opportunity over other Caribbean markets - Property Wire |
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About Dominican Republic
Just a few reasons
The Dominican Republic is the eastern side of an island
Located approximately 2 hours (via plane) southeast of Miami, to the west of Cuba and Jamaica
Large increases in serious investment in the high end luxury real estate market.
Prices are dramatically cheaper here than on most other Caribbean islands
Dominican Republic has great weather, beautiful beaches, tropical scenery and friendly people
The Dominican Republic is relatively unspoilt. It's a large island with a great diversity of scenery, mountains, waterfalls, suger cane plantations, rivers and forests.
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