About The Reef in Las Terrenas
Geographic Outline of The Reef in Las Terrenas
The Reef outlined here. You can also see the Cap Bonita community and Playa Bonita. Playa Bonita is a family minded beach with restaurants, lounges and surf clubs. Also an international school. Center town is with a car a 6-7 minutes. The Reef will also have a supermarket and of course Las Terrenas has delivery (Komida app).
Characteristics of The Reef in Las Terrenas
● Total size 188,000 m2 or 47 acres land
● Beachfront wide 250 meters or 750 feet
● Only 29,5% will be constructed. The rest is green zones, lakes and pools
● 435 apartments
● Branded hotel with 80 rooms
● Shopping with supermarket
● Beachclub
● 24/7 security and electricity
● Restaurants
● Spa, gym, and walking tracks
● Total size 188,000 m2 or 47 acres land
● Beachfront wide 250 meters or 750 feet
● Only 29,5% will be constructed. The rest is green zones, lakes and pools
● 435 apartments
● Branded hotel with 80 rooms
● Shopping with supermarket
● Beachclub
● 24/7 security and electricity
● Restaurants
● Spa, gym, and walking tracks
Masterplan of The Reef in Las Terrenas
You can see the lakes connected to the river that flows into the ocean. Inside the lakes the pools, which can be accessed by bridges. Overall an ecological environment with low density construction. Only 29,5% will be occupied. Around the apartments the parking and right hand side the shops where the supermarket will come. At the left hand side on the beach the 80 key branded hotel.
Apartment Characteristics of The Reef in Las Terrenas
● 435 apartments in 2 and 3 bedrooms and penthouses
● Only 13 units available as 3-bedroom units
● Fully furnished. Only bring your clothes
● All buildings have elevators
● All top floor units have jacuzzis
● Condos in beachfront blocks all have jacuzzis
● Assigned parking space
● Top quality finishing
● Rental program in place
● Large pool and sun areas
● Fiber optics internet
● 435 apartments in 2 and 3 bedrooms and penthouses
● Only 13 units available as 3-bedroom units
● Fully furnished. Only bring your clothes
● All buildings have elevators
● All top floor units have jacuzzis
● Condos in beachfront blocks all have jacuzzis
● Assigned parking space
● Top quality finishing
● Rental program in place
● Large pool and sun areas
● Fiber optics internet
Payment conditions:
● 5,000 USD non refundable
● 20% within 30 days contract
● 40% to be paid meanwhile construction (flexible)
● 40% with delivery
● 5,000 USD non refundable
● 20% within 30 days contract
● 40% to be paid meanwhile construction (flexible)
● 40% with delivery
Tax Free apartment under the Confutur law:
● a security that the project is according to the law
● 0% transfer tax (normally 3,1%)
● 0% property taxes (normally 1%) for the next q5 years
● 0% income tax over the rental income
According to the Confutur law, a project needs to have approved Site Plans, Approved Architectural Plans, Environmental Approval, Minister of Tourism Approval, City Hall (Local) Approval, INAPA (Water Supply Department) Approval, CODIA (Engineer-Architect Union) Approval, Public Works Approval. The Project must include a tourism operation that attracts new investors. The Project should be well financed and fundamentally secure. The Project should be financially viable with a profit margin between 20% and 25%. The Project Quality should abide to International Standards.
● a security that the project is according to the law
● 0% transfer tax (normally 3,1%)
● 0% property taxes (normally 1%) for the next q5 years
● 0% income tax over the rental income
According to the Confutur law, a project needs to have approved Site Plans, Approved Architectural Plans, Environmental Approval, Minister of Tourism Approval, City Hall (Local) Approval, INAPA (Water Supply Department) Approval, CODIA (Engineer-Architect Union) Approval, Public Works Approval. The Project must include a tourism operation that attracts new investors. The Project should be well financed and fundamentally secure. The Project should be financially viable with a profit margin between 20% and 25%. The Project Quality should abide to International Standards.
Timeframe:
● Construction starts August 2022
● The Reef ready August 2024
● Construction starts August 2022
● The Reef ready August 2024
Financing:
If you are looking into financing, and you are a USA citizen or from Canada we can hook you up with good options. The Reef is pre-qualified so can go quickly. Interest rates around 4% and international credit check. Check out here for more information.
If you are looking into financing, and you are a USA citizen or from Canada we can hook you up with good options. The Reef is pre-qualified so can go quickly. Interest rates around 4% and international credit check. Check out here for more information.