PUNTA CANA – Real estate tourism continues to gain ground in the national market with the development of residential units aimed at investment. The Cana Rock Group announces a new residential project in Punta Cana consisting of 400 apartments, with a projected cost of US$60 million.
The tourist real estate project will be located within the Cana Bay complex, in the country's main tourist hub, Punta Cana, and it is specified that it will be completed in 24 months.
The groundbreaking ceremony was led by Cana Rock CEO Javier Hermana; Cana Rock Group Vice President Liria Martínez; Osvaldo Bello, Cana Rock business partner; Gisselle Ventura and Jael Ventura, CEO and General Manager of Oferta Inmobiliaria RD.
Sister highlighted the attractions that the Dominican Republic offers to foreign investors.
“The Dominican Republic has become a haven for investment. Just as people used to take their money to Switzerland, now they take it to the Dominican Republic and buy a little piece of paradise. They buy an apartment,” he commented.
The CEO of Grupo Cana Rock also highlighted the security that prevails in the country, which gives them confidence that their investments are guaranteed.
“We’re talking about legal security, physical security, and the peace of mind that comes with being here. This country is the fastest growing in Latin America,” he commented.
Bello, Cana Rock's business partner, highlighted this great achievement and specified that 80% of the project's investor audience resides abroad.
Javier Hermana highlighted the facilities offered by the Dominican State, citing the exemption from the Real Estate Property Tax (IPI), with which buyers do not pay taxes for 15 years.
“That is the reward for making a financial effort and investing in the country,” he stated.
Sister highlighted the amenities the place will offer, such as access to the resort's beach club, as well as the nightclub, casino, and restaurants of the Hard Rock Hotel, which is also within the resort.
He explained that the properties will be managed by companies specializing in short-term rental management, and sales are being handled by Oferta Inmobiliaria RD, which in just a few months has managed to sell 75% of the project, according to the information provided.
“The advantage that Cana Rock has had is having collaborators like Oferta Inmobiliaria RD who have a marketing machine and human capital that are the ones who take these projects to these investors both in the United States and in other countries,” Bello commented.
Gisselle Ventura, CEO of Oferta Inmobiliaria, highlighted the various strategies they use to attract clients, and the fact that they differ from other agencies because their main platform is social media.
“We sell a lot of the Punta Cana lifestyle, but showing what you can do by investing, while also enjoying and making that property profitable monthly,” he said.
He even commented that 80% of buyers do so to use the property as an investment, since it is a young audience, between 30 and 40 years of age.
“So, what attracts them is that they will have investments, and while that happens, they can enjoy a profitable property. That's why these types of projects are so valuable. In the case of Cosmos Stelar, it will be one of the projects with the most amenities in the entire Punta Cana area. But also in terms of the number of rooms and the square footage that is being given to the client for their enjoyment,” Ventura commented.
