Thread: Bala Beach Resort at Maria Chiquita

Originally Posted by BalaBeacher

Don't know what price / unit / floor you're referring to, but it appears asking prices are:

I should have stated: These are prices being asked for pre-closing resales by contracting parties that I was able to find online. None of these "owners" has closed on the purchase. Accordingly, you have owners (i) who are unable or unwilling to close and are therefore "desparate" to obtain some return of their down-payment and (ii) owners who are ready, willing and able to close but willing to sell if the right buyer comes along.

Other observations:

- I don't see how the owner of the studio would ever get any money back at $69,000. I do not remember studio prices ever being close to that.

- Some difference in pricing for identical units is explainable by building level, perhaps at most $10,000 to $15,000

- The penthouse m2 must include the rooftop

- Remember, many or all of the contracts have price escalation clauses (up to 5% I believe). Taking over an existing contract obligates the buyer to pay this additional amount. I'm fairly certain that none of these re-sale prices includes the escalation amount, which would be additional obligation of the buyer at the time of closing with the developer.

These are NOT prices for any remaining developer units or pre-construction Building 3 units. I have no idea what these are priced at.

Could anyone please tell us what the fees will be like?
Also, as part of the hotel, what would the revenue split be like?

Thanks