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Swaying Palms, Punta Cana Welcome to Swaying Palms, located in Punta Cana on the southeastern tip of the beautiful Dominican Republic. The exclusive Punta Cana area is set to become the Dominican Republics premier residential and vacation region offering owners exceptional capital growth (currently running at 20% per annum), outstanding rental prospects and a superb array of local amenities and services.
Swaying Palms is an amazing investment in one of the most picturesque countries in the World, for the investor you have a developer funded payment plan, low money down, finance facility on completion, a generous NET rental return for 5 years paid yearly in advance, 2 buy back options ranging from year 3 exit strategy to a year 5 exit strategy of 125%, all closing costs paid by the developer, a full furniture pack included in the purchase price and 6 weeks personal use per year. What more could you ask for.
The resort is split between 1 and 2 bedroom apartments and the spacious 2 bedroom luxury penthouses have their own private roof terrace and Jacuzzi. Also included are assigned off road parking and a large area of landscaped communal gardens with a host of facilities including 16 pools on the resort. For the launch you have 48 two bedroom apartments (119m2) and 16 penthouses (230m2).
Investing in the Dominican Republic
The Government of the Dominican Republic have been and continue to be incredibly supportive of international property investors and there are not any countries that are NOT permitted to buy, as they set out to bring in increased levels of tourism by implementing modern infrastructures. By offering a mixture of excellent tax incentives (No CGT or tax on profit) and modernised touristic facilities the government have been able to create a newly substantial economic drive that has been in place for a number of years. The pro-active approach of the Dominican Republic government and their president Leonel has propelled the country from an excellent holiday home location to one of the top 5 global investment hotspots today. Location Punta Cana is the most popular tourist area in the Dominican Republic and serves about 2 million guests annually with this number increasing every year. The area is home to several high quality developments including Trumps Cap Cana and the exclusive Punta Cana resort.
Having attracted large scale investment from international superstars such as Brad Pitt recently it is clear that the world is opening its eyes to the great opportunities that Punta Cana and the Dominican Republic have to offer.
Construction Schedule Phase 1 of the Resort will complete in late 2010 ready for the 2011 Season. Facilities And Maintenance Onsite Facilities:
24 hr Security
Clubhouse with bar, administration and sales office
On-site Bavaro-Punta Cana Tennis Club
Restaurant set alongside main pool with terrace
2 supervised childrens areas
Large 850m2 communal swimming pool
16 Swimming pools in total on-site
Generous area of tropical gardens and BBQ area
On-site Wifi facilities
Satellite/Cable TV facilities
The maintenance costs are $110 (USD) per month.
Payment Terms We operate a refundable reservation fee policy, which enables you to hold a property for up to 28 days without actually committing to the purchase. This enables you to view the development if you wish and do further due diligence prior to signing your contract and paying your first installment. If on your viewing you decide you do not want to proceed OR get refused the finance and do not have any other way of buying then we will fully refund your reservation fee. The refundable reservation fee is only £2,000 and should accompany a signed reservation form, which is available upon request. This reservation fee is deducted from your first installment, which is due 28 days from reservation. After 28 days of receipt of your reservation form and cheque, the reservation fee becomes non-refundable.
Payment Plans
10% on signing of preliminary contract (minus reservation fee). This is due 28 days after reservation.
10% gifted deposit from the developer
80% on completion (cash or finance)
Property Management All properties come with a 5 yr rental guarantee of 7% net and 6 weeks personal use. If you do not wish to take the rental guarantee there are numerous property management companies available. About the Immediate Vicinity 15 minutes from Punta Cana International resort.
New Highway only 2 minutes away providing excellent access to airport and the Capital city where you have absolutely everything you could wish for at your disposal.
Private beach Club just 4km away.
Membership facilities to 5 of the areas top Golf courses including the new Jack Nicklaus course at Cap Gana.
15 minutes away from the exclusive Donald Trump Cap Cana resort providing heightened global interest and press coverage following his $2.1 billion investment. This has to highlight the potential of the area.
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