February 22, 2013
News February 2013
Dear Clients and Friends,
Hello to all of you, I am pleased to bid a special welcome to those who have escaped out of the cold and are already here on our Friendly Island. This is our first news update of 2013.
Recent statistic show that we have had a record high number of visitors over the Holidays and during the month of January, happily this is in all aspects of our tourism product including cruise ship visits. Evidently, there have not been enough parking spaces available at the airport for all the private air-crafts that want to come here, many had to go to neighboring Islands to park or even return stateside. Consequently, local Government is planning to extend the airport on the lagoon side and has purchased some houses and commercial spaces there to facilitate the project, fortunately the financing is already place.
Since we have become Country St. Marten on 10-10-10 many facets of our infrastructure have improved. Another very positive planned development is a new harbor next to Simpson Bay bridge. It will be able to accommodate small luxury cruise ships with up to 1,500 passengers. Additional roadways to alleviate traffic going from Simpson Bay and Marigot to Philipsburg are also planned. There will also be a lagoon side promenade with additional marinas. During the Christmas and New Year holidays the Isle Del Sol marina (Billionaires alley) next to the bridge was quite a sight. Some of the mega yachts that wanted to enter were too large to pass through the bridge so it is now being enlarged. The new bridge across the lagoon is on schedule as are the adjoining roads and infrastructure, they will be complete prior to this year’s coming winter high season. Clearly, as far as we are concerned the government is now doing a very good job with all of these new improvements.
Fortunately, we now have additional police officers, both uniformed and in plainclothes, that are very active especially in the tourist locations. Sadly, bad things still do happen, many, like in most places are somehow drug related. Thankfully in general crime appears to have decreased and active preventions are on the increase, consequently we are most grateful to our local police force for that.
From a real estate prospective both vacation rentals and sales have improved this season. We are understandably largely dependent upon the US market and we really hope to see further stabilization and improvement there. We are pleased to report that more and more Canadian visitors are discovering how warm and nice it is to be down here out of the cold and are increasingly purchasing and renting properties. This certainly helps to maintain our property market. The other sector of growth for us is the French market, many French people are pleased to take the opportunity escape the French tax system by investing in a residence here on the Dutch side.
We are delighted to have a new exciting development at Indigo Bay. This is a beachfront 150 acre site with plans for a lush tropical forest with waterfalls. It will be very ECO conscious with an ECO farm. Overall, 65% of the land is designated as green space. It will consist of private villas, with futuristic environmental planning of low energy saving plans solar heat for water is standard and special packages for solar electric are available also standard 10 inch concrete walls with insulation assure cooling advantages as well as guide living a small boutique ECO hotel, restaurants and a harbour for water sport, diving and fishing vessels. There are ample roads and pathways which will be lit partly by solar powered lighting. The entire project will have the benefit of 24 hour security. We would be delighted to take you for a tour there to show you how amazing it is now and how wonderful it will be when completed. Plans have been finalized and sales have started for preconstruction two bedroom townhouses with private pools at from $395,000 . as well as 3 bedroom suite free standing Villas turnkey startin $ 495.000.00 They all overlook the beach and have ocean views with the guarantee of stunning sunsets. They are located five minutes away from Simpson Bay and five minutes in the other direction to Philipsburg, a better location cannot be found. We are extremely confident that they will provide buyers a substantial equity increase of at least 40% upon completion within twelve to fourteen months. In addition, 87 of the building lots have already been sold. And a few new homes are already being occupied Some are currently under construction. However, thankfully it is not too late to acquire one of these properties before the prices start to rise again.
Good eating habits; check it out Vesna Taverna & Bagel House on the airport road right after the bridge going to the Airport left side great also features fresh daily Mediterranean cuisine you will be amazed at the quality and variety, casual ambiance with great servicewww.bagelhouse-sxm.com
We are all really looking forward to seeing you soon on The Friendly Island so do stop by to see us and say hello anytime that suits you during your visit.
My very best regards,
Real Estate Sales and Vacation Rentals.