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Follow on Google News | Costa Rica Invest announces that the land registration process is on track to commence in March 2009Dublin, Ireland, November 24th 2008: Costa Rica Invest announces that the process of preparing for Cadastral registration of the land plots in Finca Di Pacifico Dos is on time to commence registration of the individual land plots in March 2009.
It is a statutory requirement in Costa Rica that a company be set up to manage the provision of water to the project. A private water supply company will therefore be set up for this purpose. The association of purchasers (VKK) will be shareholders in the company. Geologist Felipe Leon has investigated the quantity of water available on the Finca and in the immediate environment, and his findings indicate that there is ample water available for a large-scale project. The expectation is that all the necessary stages in the land registration process will be completed by March 2009. At that time individual registration of plots on the land registry can commence. James Cahill, Managing Director of Costa Rica Invest commented “we are very happy with the progress that has been made with the registration process. We have a great team in place and the process is on track to commence registration of the individual plots in March 2009.” Judy Ferguson Public relations manager for Costa Rica Invest continues “Careful planning at the outset of the project has ensured that the process of land registration is on time and on track”. Di Pacifico Dos offers investors the unique opportunity to invest in development land with the added value and security of teak growing on the land. 73.6% of Di Pacifico Dos is now sold. Some sea view plots are still available and all of the plots with 14 year old teak are sold out. There are plots with 12 and 11 year old teak remaining and the teak will be ready for harvest at 20 years old. Teak prices have continued to increase throughout 2008 and teak prices increased by an average of 9% over the past 10 years. Costa Rica Invest specialises in eco-friendly, ethical, high yield investments. All projects are based in the best locations in Costa Rica, consisting of plots of development land with an environmentally friendly angle. Their current development in ‘Di Pacifico Dos’ combines a teak commodity investment traded in USD on plots of land zoned for development. With a double investment in locations where land prices are increasing rapidly, backed by a sound commodity that is constantly ‘growing’, is it any wonder they have so many repeat investors creating wealth naturally? For more information, including high resolution images, press only: Judy Ferguson, +353 (0)1 272 4184, pr@costaricainvest.ie For more information on Costa Rica Invest and their products: http://www.costaricainvest.ie or http://www.costaricainvest.co.uk # # # Costa Rica Invest specialises in enironmentally friendly, ethically responsible, high yield investments, primarily in Costa Rica. Di Pacifico Dos is Costa Rica Invests current project investing in development land with the added value of teak trees. End
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