CARIBBEAN PROPERTY DEVELOPMENT: DETAILS

St.Lucia

(click here for island guide)

The Development also includes a breathtaking elevated peninsula and bay hosting the location of four of the most spectacular golf holes in the world, including the signature 12th hole – Shark’s Baight which is surrounded by water and cliffs on three sides and will certainly rank among the world’s “must play” holes.

Special offer

The first 50 visionaries that become owners will receive the following priority incentives worth over US$100,000:

•Golf Initiation Membership Waived.
•Golf Dues Waived
•Troon Advantage V.I.P. Card
•Opportunity to Purchase Future RealEstate Releases.
•Income Tax and Withholding Tax Exemption on the Income earned from the Rental of Residential Units for Residence Owners
•Alien Landholder’s License Fee Waiver for the Initial Purchaser of the Residences.
•Stamp Duty, Income Tax and Vendor’s Tax
•Exemption on the Sale of the Residences.

This world class project will be implemented in three (3) principal phases.
The initial stage of Phase 1, which is commonly referred to as Phase 1A, has begun and includes a four star-plus Westin Resort, Greg Norman designed and Troon managed 18 hole golf course, world class spa and fitness center and 126 one, two and three bedroom residences on approximately 31 acres.

Financial and tax incentives

The developer has obtained the following financial and tax incentives for the benefit of purchasers:
• Income tax and withholding tax exemption on the income earned from the rental of condominium units for condominium owners;
•Alien landholder’s license fee waiver for the initial purchaser of condominium units.
•Stamp duty, income tax and vendor’s tax exemption on the sale of the condominium units (first conveyance only);
• Pre-negotiated rates for local legal service.
•Property Tax: Awaiting approval letter for Property tax waiver as at 31 August 2007-10-24