Punta Perla Golf Marina and Spa Resort in Punta Cana

Punta Perla is a master planned resort envisaged to become one of the worlds finest resorts offering luxury accommodation and world class amenities. It is situated in approximately 2,700 acres (10.2 million sq metres) of prime beachfront land in the Punta Cana region on the Eastern tip of the Dominican Republic.

There will be approximately 8500 properties on Punta Perla. Punta Perla will be a low density build offering just 11 people per acre.

The developer will make available, through a nominated bank, a mortgage for 70% of the purchase price on completion. The term is currently up to 15 years at a rate of 7% interest for a repayment mortgage although the lenders anticipate the rate to be lower by completion. There will also be more mortgage options in place by completion. The mortgage offer is related to the property purchase price.

Every purchaser on Punta Perla will be offered a fixed annual rental return equating to 8% of the purchase price (less the $10,000 resort membership fee) for a period of 5 years. This return will then be renewable annually for up to another 5 years at the agreement of both parties. The rental contract will be with a company partly owned by the developer who will make agreements with major tour operators who will in turn guarantee the rental return.

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 benefits such as no stamp duty on purchases saving in excess of 4% of the property price, no tax liability on rental incomes and no capital gains tax.

www.PuntaCanaLiving.com