PUNTA PERLA IN THE DOMINICAN REPUBLIC
The Dominican Republic offers an increasingly rare opportunity for real estate investment. Reckoned to be one of the last great investment opportunities in the Caribbean, the government has purposely set out to attract upmarket tourism by offering great tax incentives as well as spending millions implementing a modern infrastructure. The Caribbean Highway now under construction, will provide easy access along the coast, making Punta Cana and Bavaro a prime investment destination.
With just 11 people per acre, set in over 2,500 acres, PUNTA PERLA is at the forefront of international property investment. Situated 15 minutes from Punta Cana International airport, this exclusive resort will be home to every luxury a seasoned traveller would desire. A variety of properties will be interspersed throughout La marina de Punta Perla, two signature golf courses and along 3.5 kilometres of white sandy beaches. With an amazingly low density of just 11 people per acre and set in 10 million square metres, there is a private piece of paradise for everyone.
PUNTA PERLA offers a range of properties including: Star Island Bungalows and Apartments. Golf Villas, Townhouses and Apartments. Water Homes, a Colonial Village and Caribbean Village. La Marina de Punta Perla and Beach Apartments as well as multi million dollar Beach-Side Mansions.
PUNTA PERLA is a master planned community with spectacular amenities such as 3 signature golf courses, a world-class spa and a Marina to house 150 yeachts, located in the beatiful DOmincian Republic. Set in over 2700 acres of natural, prime Caribbean Real Estate, PUNTA PERLA offers the last beachfront development opportunity of this size in the popular Punta Cana region.
From its conception, PUNTA PERLA has been carefully planned to become one of the premier resorts in the Caribbean and will evolve into a first class living and vacation experience. Low density population of properties within the resort is key to the developer’s plans for Punta Perla with only 11 people per acre all set in over 2,500 acres.
Tax Incentives
Continued Government incentives to attract both real estate investment and tourism continue with the introduction of Law 158. This entitles investors in the country several to benefits such as:
- No Stamp Duty on property purchases, saving in excess of 4% of the property price
- No Tax on Rental Income
- No Capital Gains Tax
The Dominican Government officially welcomes foreign investment. Law 158 on foreign investment enacted in December 1995 allows unlimited foreign investment in nearly all sectors of the economy. In October 2001 this was extended to make investment in business and upscale tourism exempt from income tax for ten years. As a new development, all investors at Punta Perla will benefit from ten years of tax free status - no taxes payable on capital gain or rental revenue.
*It is important to remember that this is only applicable to the first purchaser of the property and therefore it is recommended that property is bought by a privately owned company.
Given the area’s hugely successful tourist industry, high rental returns are far more achievable than many other more obscure international destinations currently billed as investment hotspots. Increasing numbers of tourists are demanding a higher standard of accommodation
This has been recognized by many international tour operators, most of whom are fighting to secure rental property for their pools.
Given that the number of properties being developed in the area to date is relatively small and therefore up market properties to rent are few and far between, the competition is fierce to secure their long term rental.
This is good news for property owners wanting consistently high returns from their investment.
Guaranteed Rental Income
PUNTA PERLA is already attracting the attention of the world’s leading tour operators. With nearly three million tourists visiting the country every year, competition is fierce to secure this rare property rental opportunity. PUNTA PERLA will set a new standard of facilities and accommodation for tour operators to offer their clients – enabling them to enjoy a unrivalled holiday experience on this amazing island.
PUNTA PERLA will run its own rental pool system to take advantage of this demand and at contract will offer every purchaser the opportunity to turn a dream home into a dream investment.
Two rental pool options are available.
PURCHASES CAN OPT FOR AN 8% GUARANTEED FIXED RENTAL RETURN* OR A VARIABLE RETURN BASED ON USAGE.
8% p.a. Guaranteed Rental Return for up to 10 years*
* 8% p.a. rental return is guaranteed for a minimum of 5 years, mutually renewable thereafter, up to a maximum of 10 years. Personal use of your property is permitted which will alter the annual returns.
The developments within Punta Perla
La Marina de Punta Perla is made up of blocks of apartments of no more than four stories high. The variety of property types include two and three bed apartments, many with substantial terraces as well as a few very exclusive penthouses on top of some blocks. Starting at $475,000.
Star Island, the exclusive location in the centre of the marina, includes two bedroom traditional palapa style bungalows as well as two and three bedroom penthouse apartments in three storey buildings ranging in size from 1,636 sqft (152m2) to 3,229 sqft (300m2) including terrace space. Starting at $555,000.
The Little Venice Section of La Marina de Punta Perla includes a small network of canals linking its apartments and penthouses to the rest of the marina and the beach. Will be available in Phase II.
Playa de Perla consists of apartments in 23 beach front blocks of varying size. They will include three bedroom duplex, two bedroom apartments and penthouses ranging in size from 1,163 sqft (108m2) to 2,110 sqft (196m2) including terrace space. Starting at $556,000.
Golf - Luxurious villas, bungalows, townhouses and apartments will flank the tees, greens and fairways on the three signature golf courses. The choice of properties is varied, with two and three bed villas, townhouses and bungalows as well as a selection of apartments and penthouses. Many will be front line on the golf course with the hospitality and entertainment of one of the three clubhouses not far away. Starting at $392,000.
Perla Blanca- One-bedroom condos located within two-story buildings for $200,000 or linked two-bedroom villas for $285,000. All of the facilities offered by Punta Perla are easily reached as is the beautiful shoreline.
To Reserve a Unit
To reserve a unit will require a $10,000, fully refundable deposit. You must go to contract within 30 days, when the remainder of the 30% deposit will be due. When it comes time to close, you may use any bank you choose, but guaranteed financing will be provided through Banco Popular, CitiBank, or Scotia Bank.
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