Development of 128 condos by Punta Poppy

Property Description

From 82 m² / 882 f² to 110 m² / 1,184 f²

Situation

This new development of condos is located in Las Terrenas, the pearl of the province of Samaná, an area with the one of the greatest tourist potential in the Dominican Republic. Las Terrenas is known internationally for its high rate of tourism, its beautiful beaches, its variety of cuisine, and its wide variety of tourist activities.

Among its most outstanding beaches are Punta Poppy, Playa Cosón, Playa Bonita, Playa Las Ballenas and El Portillo Beach. It has the international airport Juan Bosch President, or better known as the Catey, is just 20 minutes from the town of Las Terrenas.

Project description

The project is just 450 meters from playa “Punta Poppy”. It consists of 128 apartments, with 80 units of 2 bedrooms and 48 units of 3 bedrooms, distributed in 20 blocks of buildings. It is a place designed for people to feel comfortable and relaxed, with their beautiful gardens, recreation areas, and the condos overlooking the green areas.

Buyers will benefit from the law "Confotur", so that its acquirers enjoy the following benefits:

  1. Exemption from payment of transfer tax of 3% of the value of the property to the first acquirer.

  2. Exemption up to 15 years from the annual property tax (IPI payment) of 1% of the value of the property.

  3. Exemption from tax payments for capital investment in the project.

The project is under the supervision of the fiduciary "Universal", providing all the investment guarantees to the acquirers. The money invested will be blocked in an escrow account until the final delivery of your unit. If the developer doesn’t comply, the money is returned plus interests as penalties. Financing is available with the main institutions and banks of the country.

Imported modular kitchens with granite top. Sliding windows in glass and aluminum. Porcelain tile floors. Pre-installation for A/C. Rental pool program available. HOA fees projected around 100 USD for the 2-bedroom units and 120 for the 3-bedroom units. The condo fees don’t included the insurance of the building, which is around 700 USD per year.

The project will be built in 3 phases, over the next 3 years. Phase 1 starts in August 2019/delivery August 2020. Phase 2 delivery in 1August 2021 and phase 3 in August 2022.

Payment terms are as follow: 2,000 USD to reserve your unit, 10% at the signature of the promise of sale, 30% at the start of construction and 60% at the delivery of the unit.

 

Amenities

  • Gated project

  • 24 hour security

  • Electric generator

  • Two pool areas

  • Social gazebo with bbq area

  • Children's play area

  • Extensive green areas

  • Common gas

  • Restaurant, Mini markets


Prices in USD

2-bed starting at 86,100

3-bed starting at 115,500

Price list, floor plans & availabilities via form below


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