[QUOTE=OMAR.WAZIR;63693]
Quote:
Originally Posted by milktrayman
Only a few days old annoucement
As I said you will make money on select ( I believe I will), only your return on your investment will not be as good. I feel I made a mistake here of sorts, although I will still make money there is the potential to make more. Not a big mistake, but in hindsight there was better offers.
How? You are paying 30% (long term plan) upfront with further payments which for the low end studio will be minimal £4000 a year untill the property is built, which is due for mid 2011.
Thats 30% investment + £12,000k before you see a return should you buy.
Would it not make more sense to pay 30% for a property, not pay anything else. The property is also finished a year and half / two earlier from which if you rent out that is approx £7-12k per year or whatever the rental income may be. You obviouslly make a better return on your money, simple maths.
As far as the resales go, you could call them yourself I think you will get a polite we have cancelled resales at the moment. This by the way was pushed to me when I inititally bought, as was the fact the island was built.
Point of interest, was anyone else told the island had already been built?
|
Omar - unless you have something useful to add to the Pacific development I suggest you leave your sales pitches for other developments for else where. We are all quite aware of what we are getting ourselves into and how much our investment will yield. The fact that Pacifc has won the Best Development Award is enough factor for me to be more than comfortable with my investment. Also I have full view of the gulf sea with balcony and car park space. No other development currently on the island is offrering this to me. Select customer service is excellent. To answer your question we have been informed that iswland 4 has been completed. This has also been confirmed by other developers on island 4.
If anyone does have any picture please let can you share them!