Sorry to bring this back down to earth with a bump, but:
- Any serious developer would not have made the commitments Harlqequin did. The constant breaking of promises around delivery dates (including the latest) smacks of either inexperience or incompetence. Pinning this all on the planning process is in MHO incorrect.
- Buccament Bay is not built. In fact the apartment blocks are nowhere neart complete and I'd be very surprised if the resort is ready for summer 2010.
- Which other 4 resorts are underway? My sources inform me that no other resorts have started major construction work yet (apart from clearing of land).
- I don't believe full planning permission has been received yet.
I suspect that Harlequin don't have sufficient cash to start Merricks until they get completions on Buccament Bay, in winter 2010.
If Merricks does ever get built, it won't be ready until 2013 at best, so if you're in for a lot of money you need to decide whether to wait for a few more years and hope Harlequin stay afloat, or take your money and run whilst you can (if your contract allows this).
B