detached house
Buy your share of paradise in The Caribbean in a luxury residential community 5 Years Guaranteed Rental at 8% Net per annum!! Apartments and Land Plots Available with Guaranteed Developer Buy Back Completion Date: Phase 2 March 2011 Located in Punta Cana on the south-eastern tip of the beautiful Dominican Republic, Swaying Palms is set to be one of Punta Cana\'s premier residential resorts. Swaying Palms offers owners unrivaled ownership benefits, exceptional capital growth and outstanding rental opportunities. The first 64 units in Phase 1 of the the development sold out in just six weeks. Swaying Palms, set in the hottest high growth development area of the Dominican Republic, offers 1 & 2 bed Apartments with terrace and 2 bed luxury Penthouses with private roof terrace and Jacuzzi. All apartments have assigned off-road parking. Furniture packs are available in three styles Dominican-Caribbean, modern or classic, prices range from US$15,000 to $21,000. Swaying Palms has a wealth of top-class facilities on site, there are several recreational, sports and dining zones for the enjoyment and convenience of the residents and guests, two Olympic size swimming pools and a large area of landscaped communal gardens. The feeling within the community is that of a Mediterranean village with large open roads, beautifully finished walk ways and landscaped gardens all illuminated by regular street lighting for comfort and security. If the sun becomes too much for you and the pool no longer inviting, just a short walk around this specially crafted environment will be enough to brighten anyone\'s day. Swaying Palms is ideally located just a stones throw away from the Melia Palma Real Villas Hotel project and 15 minutes from the Punta Cana International Airport. Unique Selling Points First and foremost it is safe to invest in Swaying Palms. Top Covent Garden Lawyers , Max Gold have produced an International Property Due Diligence report to provide you with complete piece of mind. One of the major problems with buying abroad is the fear that the developer does not own the land or have the correct planning permissions to go ahead with the build. We have paid for a Max Gold to prepare a due diligence report which guarantees these facts for our clients. You can buy in complete safety. Projected Capital Growth of 220% over fiveyears. 20% per annum growth in property prices shown in the past three years. The Government project a similar growth rate over the next five years. If you do not believe us then follow Donald Trump who is investing 2.1 Billion USD in the area in his Cap Cana project. How often does Trump get it wrong? A five year rental guarantee at 8% of purchase price and secured by a surety bond from a major U.S. insurance company on completion. If the developers do not pay you then the insurance will. This also allows the owner four weeks use per year when he/she can either use for friends and family or let themselves to make extra income. Remember it is a 12 month rental season in the Caribbean. A Guaranteed buy back scheme from the Developers. Hold the property for one year after completion and the developers will guarantee to buy your property back at 130% of purchase. Just 10% down with a further 15% in four months with a pre- approval guaranteed 75% mortgage on completion or by further staged payments if a cash purchase. No Capital gains Tax applicable or Income Tax on your rentals for 10 years. Private beach with golden sand and Caribbean blue seas, with free bus every hour from the development to the beach (2 miles away) and then on to the shopping mall. Free membership to the onsite Punta Cana Tennis Club. Secure and private gated development with 24-hour security. When your loved ones are visiting, with or without you, you have complete security and peace of mind. Magnificent onsite facilities, Club House with admin and rental office, restaurant, bar, snack bar, all set around a huge 850m2 swimming pool. A total eight swimming pools on site, two supervised children\'s areas (one for under 6\'s and one for over 6\'s) and a large area of tropical gardens with family BBQ and recreation space. Every hour on the hour, our FREE onsite bus will take guests to the shopping mall. Membership facilities to four of the areas top Golf courses including the new Jack Nicklaus course at Cap Cana, (green fees applicable). Top quality build to European standards with imported Italian kitchens and German bathrooms. Complete Political and Economic stability within the country. Spanish is the base language but English is widely spoken in Punta Cana. Best of all, pre-construction Apartments from only 125,000 USD. The cheapest comparable apartments available in the area with the full amenities, over 30% cheaper than the nearest rival. Rental Scheme Guarantee The Developer is able to offer a five year rental guarantee at 8% of the purchased property value. The guarantee will begin from the completion of the second phase in March 2011 and is backed by a surety bond. The offer is based upon the contract for usage which will be signed by the Russian Tour Operator. There is a strong rental market in the Dominican Republic which the onsite rental management office will attack. The Developer has employed a top Commercial Director who through his past experiences of representing Spanish hotel chains has extensive contacts in the tour operator market. Developer Buy-Back The Developer is able to offer a Buy-Back for clients, which they guarantee to buy back under the following terms. 1. Minimum 12 months after completion 130% of purchase price 2. Minimum 24 months after completion 140% of purchase price 3. Minimum 36 months after completion 150% of purchase price This will be included in all contracts and available to all clients. Example: As an example you could buy a property at Purchase price - $125,000 25% Deposit - $31,250 75% Mortgage - $93,750 Total invested - $31,250 Rental income for the first year - $10,000 (Guaranteed 8 % of P.P for 5 years) Hold for one year and then sell back to the Developer Buy-Back Option 1 (as above) - 130% of Purchase price Buy-Back price - $137,500 Return - $37,500 Rental - $10,000 Total - $47,500 RETURN ON INVESTMENT (ROI) - 152% Land Plots Only 60 Plots in total available 500 m2 Plots with zoned planning permission and full services to the site Developers Buy-Back guarantee after two years to 167% capital growth Land is available at US $90 m2 showing immediate capital growth Each plot costs just US $45,000 Comparable land at US $300 m2 on adjacent residential complex Currently 20% capital growth on land in the Dominican Republic 20% Deposit on Contract (US $9,000) then four quarterly payments of US $9,000 INTEREST FREE 200 m2 build footprint means a possible 400 m2 Villa Current build prices US $900 m2 Typical 400 m2 Villa equals US $360,000 approximately Use the Developers building team or just wait to collect the profits on your land Punta Cana Punta Cana is the most popular tourist area in the Dominican Republic and has over 17 kilometres of beautiful white sand beaches and crystal clear lukewarm water. It is home to the largest reef in the Caribbean, over 30 miles long, providing unrivalled snorkeling and Scuba Diving opportunities. Water sports are extensive with kayaking, speed boating, water skiing, wind surfing, deep-sea fishing and para-sailing all available on the beachfront. Punta Cana is perfect for families, couples or friends who are looking for a resort-style vacation. Facilities Swaying Palms, set in the hottest high growth development area of the Dominican Republic, offers 1 & 2 bed Apartments with terrace and 2 bed luxury Penthouses with private roof terrace and Jacuzzi. All apartments have assigned off-road parking. Swaying Palms has a wealth of top-class facilities on site. There are several recreational, sports and dining zones for the enjoyment and convenience of the residents and guests. Features:Clubhouse & Bar On-site Bavaro-Punta Cana Tennis Club Restaurant set alongside main pool with terrace Two supervised children\'s areas Large 850m2 communal swimming pool 16 Swimming pools in total on site Quality build to European standards Italian Kitchens & German Bathrooms Generous area of tropical gardens Regular Gazebo areas ideal for a family get together and BBQ\'s On-Site Wi-fi facilities US Satellite/Cable TV facilities 24 Hour Security Gated community Assigned off-road parking Administration and Sales Office Location Swaying Palms is just 15 minutes from Punta Cana International Airport and within 100 yards of a new highway being built through the area which will bring easy access to the capitol of Santo Domingo and hugely improved property values in the location. The Dominican Republic is the largest island in the Caribbean making up just over two thirds of the island of Espanola. Punta Cana has over 17 kilometres of beautiful white sand beaches and crystal clear lukewarm water. It is home to the largest reef in the Caribbean, over 30 miles long, providing unrivalled snorkeling and Scuba Diving opportunities. Water sports are extensive with kayaking, speed boating, water skiing, wind surfing, deep-sea fishing and para-sailing all available on the beachfront. Payment Terms Payment Option 1 Reservation Fee £1,000 Upon reservation - Refundable up to 28 days 1st Installment 10% On signing Contract 2nd Installment 15% 4 Months later Final Installment 75% On Completion - 75% Mortgage available Payment Option 2 Reservation Fee £1,000 Upon reservation - Refundable up to 28 days 1st Installment 25% On signing Contract Final Installment 75% On Completion - 75% Mortgage available Payment Option 3 Reservation Fee £1,000 Upon reservation - Refundable up to 28 days 1st Installment 25% On signing Contract 2nd Installment 25% At foundations and wall mountings 3rd Installment 25% Upon roof completion Final Installment 25% On Completion If you choose Payment Option 1 or 2 there is a 75% Mortgage available - Subject to Status Taxes: In the Dominican Republic Property the purchaser, prior to a title being issued from the Condominium Registry must pay taxes based on the final valuation of the property. 2% Property Registry Tax 3% Transfer Tax 1.3% Document Stamp Tax