Singing Pig

Ha!

I just found this on the Punta Perla debate, serves me right for not visiting Piggyland for a couple of months, hence my starting up another Punta Perla thread earlier in the week - allegiance now transferred here.

Seems to me the negativity regarding Punta Perla is generated as a result of the Cap Cana Hoohah which I just read up on. Can't see the point in sniping at peoples' typing skills either really, all seems a bit childish.... but then whatever...I'm here to learn not to play silly buggers with whingers and bleaters!

OK, so we have a development in the DR being run by a well known and extremnely wealthy company who seems to have their skates on - even reading between the lines and applying a good few pinches of salt it all seems a darn good whizz to me, worth a few bob of anyone's money - certainly a better bet than bunging £100K into Scottish Widows Bond or the flavour of the month Unit Trusts ISAd or not.....

I'm seeing a guy in Mallorca next week who knows Jack Niclaus (?) very well (sorry Jack I'm not a golfer) so I get the SP on whether he's got anything to do with the golf courses.

I'm also advised that the DR Government are behind the whole project too because they are a bit touchy about the negative publicity over Cap Cana.... I get the feeling that this project is worth a lotta $$$$s to a lorra peeps... hang in their chaps and chapesses we'll get to the bottom of all this.

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dbm, i was going to visit the punta perla site but was told by the selling agent theres nothing to see yet, so i didnt bother. atlantica im not interested in anyway.

nsx, not 100% sure yet, need much more detail yet, need confirmation that nicklaus course is going to be built and managed by a respected company. i will want to see this stated within nicklaus own website.

I will want to see contractual wording within the contract in relation to the rental guarantee (which is now the main reason for me to buy), i want to see arial photographs of the site and photographs of the beaches, details of beach clubs, costs of all memberships, and details of whats included within the furniture packages as these seem quite expensive (but then the furniture could be a1) and finally once happy with the above, i will finally decide once i know exactly where my plot allocation is.

So, anypoints to raise??

Of course there is a risk involved, when is there never?

I think FreeRider made a point about CC UK. The way they have manged the project was far way off from average organization. We all know CC UK is PP. What do you expect from them. I hope PP sale has grown up a bit. Just looking at the team member of PP Sales, it seems to be a family business or some kinds.

Investor should not rely on their managment skill or business instinct. Need dig more into. Let's go into more to find out about PP.

What is realistic profitability of the project PP ?

People need to stop this association of Jack Nicklaus with Punta Perla as though it's a given. Nicklaus Design is not currently looking at this development; they are not contracted for anything in the DR except for Cap Cana and are not negotiating anything else in the DR at this time. The early mention of Jack Nicklaus with Punta Perla seems to have gotten continually rolled along with no basis in fact. I'm sure the courses will be very nice, and I'm sure good designers will be contracted to design and build them. But there is no Jack Nicklaus affiliation at this point in time, and, very likely, there won't be one in the future either. The proximity of PP to CC makes it a bit unlikely that Jack Nicklaus would want to create another signature course so close by, even if it were laid out better along the ocean. Don't believe me - call Jack Nicklaus Design or call Punta Perla Sales with the direct question of whether JN Design is currently involved in any way with Punta Perla.

In my opinion, as has been said by others, PP is shaping up to look nice but is not on a par with Cap Cana. So these comparisons of price with Cap Cana price are not a reasonable way to look at this development for that reason alone. Plus, Cap Cana is years ahead of Punta Perla. If you did a price comparison of Cap Cana properties when Cap Cana was at the stage Punta Perla is at (i.e. not a spade so much as touched the ground yet) when the risk levels were higher and timelines to completion (potentially) longer, the Cap Cana prices were lower than the Punta Perla prices. So saying that a Punta Perla property is cheaper than current Cap Cana prices is not a meaningful way to derive the value of Punta Perla. Punta Perla SHOULD be very significantly lower priced than Cap Cana both for what it is and for the stage it's at.

PP seems to be trying to be higher level than the all-inclusives but not at the level of Cap Cana or Atlantica in pretty much any aspect. It looks like a beautiful location, and the amenities will be good. But is the price still right and do you believe a 15% guaranteed ROI? (If the rental agreement wording is the same as the one in the Cap Cana contract, I think almost all agree that was very poor and quite easy for the developer to step away from should they choose to do so.) It may be that if THIS TIME the contract is rock solid with both the mortgage guarantee and the rental return guarantee, as opposed to the Cap Cana contract, then people don't particularly care how much they pay for the property, which is fair enough. For others that want to value the investment price on its own for purposes of thinking about capital gains, I don't think you can really do that with any accuracy until more detail is released - especially the names of the course designers, but also the names of the hotel and retail people involved.

I must agree 100% with PCR, if Jack Nicklaus or at least an extremely well known and highly respected name in golf isnt signed up before contracts are due, then im pulling my units.

Its no good having just another trent jones course or similar, i have played lots of golf in the DR frankly most courses are the same, they are run very poorly indeed. At least you know with a Nicklaus course the design will be great and the management afterwards equally as good.

Dont be fooled once again by these liars, they are not in it for you!!

Punta Perla have you signed Jack Nicklaus or not!

Evans, PCR and Freerider are spot on here - those of you who are still enthused by PP seem to be almost in denial as to what really has gone on here. You've just been sold to by a bunch of muppets who want to save face and still keep hold of your money. Any quality comparisons to Cap Cana are ridiculous now as you are now on a completely different project with a much lower quality level.  Bleeting on about how low the price is seems to be a way of just comforting yourselves but in reality, prices all over DR are incredibly low. If Nicklaus doesn't sign with PP then what have you got? Just another run of the mill development which is being pushed by people who let you down and treated you in an unprofessional manner in the first place! If you have built your wealth up through hard, smart work and believe in integrity, why would you want to trust these people let alone keep chucking your money at them?? Answers on a postcard please........

Lots of talk about PP, but what happened to Cap Cana, I had a unit on Cap Cana and have had it moved to PP, I have been told that Cap Cana is insolvent and the build will not go ahead, can anyone confirm or deny this? Obviously a risk involved with PP especially after Cap Cana but any idea how much? Is the risk worth the rewards? Any info much appreciated, don`t want to loose my hard earned cash!!