Regency Beach Pictures Update

[realestatemart]

Originally Posted by propertastic

This is correct.

I met with Phil Morris yesterday and he told me that they are just awaiting the final plans to be approved before the contracts go out.

The current estimate is that the final plans will be approved towards the end of May.

so this means contracts as well will not be ready before end of May?

[propertastic]

Originally Posted by realestatemart

so this means contracts as well will not be ready before end of May?

Correct, unfortunately.

[realestatemart]

Originally Posted by propertastic

Correct, unfortunately.

ok so we have to be patient till end of may

[paule]

Originally Posted by propertastic

Correct, unfortunately.

I'd say these are sad news. And this rises 2 questions: 1) What about clause on reservation form that the contract and 1st payment must be made within 30 days since reservation; 2) what completion date we can expect on this? I heard the official launch was in February, and by "official launch" I'd personally understand start of the construction. Now it seems the construction won't start at least till June, which leaves 1.5years till completion (assuming end of 2009), and that's not too much for a fully finished complex, I'd say.

[realestatemart]

Originally Posted by paule

I'd say these are sad news. And this rises 2 questions: 1) What about clause on reservation form that the contract and 1st payment must be made within 30 days since reservation; 2) what completion date we can expect on this? I heard the official launch was in February, and by "official launch" I'd personally understand start of the construction. Now it seems the construction won't start at least till June, which leaves 1.5years till completion (assuming end of 2009), and that's not too much for a fully finished complex, I'd say.

I would say don't think they will ask for any payments before contracts are ready so we don't have to worry about this point, for completion date sure it will be delayed as well

[soluman46]

Originally Posted by realestatemart

I would say don't think they will ask for any payments before contracts are ready so we don't have to worry about this point, for completion date sure it will be delayed as well

I wan't my 57m2 and not 40m2. They should have reassured us of that at least last week!. I'm thinking the new rivera might be a better bet now and it's selling up fast! End of may is far too long to wait for "confirmation". I hope it's going to be worth the wait because I don't think I'll be getting my £1000 back in a hurry. What do you think Propertastic? Is it still a goer? I also heard there was a road between it and the sea and it's not actually beach front, but considering it came from wwd I don't believe a word of it. It does warrant a few probing questions though. Sorry, I'm not in the habit of rumor spreading or scare mongering, but this came from a well known agent on this sforum. Nuff said!!

cheers

soluman46

[realestatemart]

Originally Posted by soluman46

I wan't my 57m2 and not 40m2. They should have reassured us of that at least last week!. I'm thinking the new rivera might be a better bet now and it's selling up fast! End of may is far too long to wait for "confirmation". I hope it's going to be worth the wait because I don't think I'll be getting my £1000 back in a hurry. What do you think Propertastic? Is it still a goer? I also heard there was a road between it and the sea and it's not actually beach front, but considering it came from wwd I don't believe a word of it. It does warrant a few probing questions though. Sorry, I'm not in the habit of rumor spreading or scare mongering, but this came from a well known agent on this sforum. Nuff said!!

cheers

soluman46

Soluman can you explain ! are you talking about Al Rivera Beach Project? or what project>?????? and what project for WWD you talking about?

[paule]

Disclaimer: I'll try to elaborate on my general experiences and perceptions dealing with "vacation" property abroad. This is in no way authoritative for Regency Beach, and may apply or not apply to it.

Originally Posted by soluman46

I wan't my 57m2 and not 40m2. They should have reassured us of that at least last week!.

I may assure you that most "abroad" "vacation" property developers include complete area in selling figures, not just "useful" or "living". And they probably have reasons for that. But let's first think what you include in "useful" area yourself.

So, I hope bathrooms and corridors are of no doubt - they are fully yours, and you can't get around without them. The first concern is probably balcony. Well, can you imagine buying a vacation property without a balcony? If so, you're lucky - there're few developments which sell rooms with just door and windows. I personally can't. Nothing could replace opportunity to go out 5 steps to breath a fresh sea air, to sit and watch candlelights, to dinner with friends and family openair.

So, you still don't want to pay for it? Probably no, you're just concerned with the fact that you pay the same GBP/m2 for the balcony as for the main room. Well, just answer for yourself if it will give you more clarity if developer said: you pay X GBP/m2 for mainroom, and Y GBP/m2 for balcony? I'd personally prefer to avoid such complications. Also, a balcony is not just some concrete bulk outside your apartment - it also must be painted, tiled, have a lamp at the top, hopefully also wiretap and electric socket, etc., etc.

I'm thinking the new rivera might be a better bet now and it's selling up fast!

Ah, that's so familiar - everything's selling fast. However, the concern is good - having known that RB would have such delays, some people might go for other options, possibly not so juicy, but which would give them more peace of mind, which is not the last thing when buying abroad.

End of may is far too long to wait for "confirmation". I hope it's going to be worth the wait because I don't think I'll be getting my £1000 back in a hurry. What do you think Propertastic? Is it still a goer? I also heard there was a road between it and the sea and it's not actually beach front, but considering it came from wwd I don't believe a word of it. It does warrant a few probing questions though. Sorry, I'm not in the habit of rumor spreading or scare mongering, but this came from a well known agent on this sforum. Nuff said!!

cheers

soluman46

I personally think that there will be many more good developments, including beachfront, and for the same basic price. I however have strong suspicions, backed by the observation of the latest offers, that developments will lose their ..., well, so to say, "quality of lifestyle". So, out of beach-frontness, a typical owner will get access to complex's beach some 0.5km away to wade thru other crowded blocks and facilities (which is not exactly bad - if the complexes are big, they will for sure have facilities, which may even work; it's just a bit different from what most people imagine for word "beachfront").

[neil]

[QUOTE=
Hi everyone

Been watching posts avidly with some concern. The most disappointing thing is that the developer is not keeping us all informed on progress, wther it be through this forum or by e-mails. Also surely they should also be able to clarify the "enclosed" and gross areas that they intend to offer quite easily. From other threads, I know that one of the owners of Regency Beach does contribute to this forum and I would invite them to please clarify things. We all know we're trying to buy in a place where legal and administrative issues can take a bit longer so it's not going to be a shock so long as they just keep us informed (in fact even in the UK things can take ages). In terms of the investment scenario, main point I would like clarified is how much, if any, of the 57 sqm space will be taken for "communal areas". This point I would suggest should be crucial in determining if the figures stack up. A cramped tiny flat is not going to offer a good investment at these price levels. Every sqm we lose pushes up our sqm price and we're getting closer to price of other more transparent and tangible developments.

If anyone has any pricing info on Rivera then please could they PM me.
Thanks
Neil

[Lsab]

Hi Neil,

I go between being laid back about it all to wondering if I should move on and I agree with you that the developer isn't doing a good job of keeping us informed.
You say that one of the owners posts here...wonder if you could let me know who.