They have to raise the investment by Dec 2 or the deal on the land has to be revisited. Elections are soon- so have to see if this disappears once elections are all done and dusted. Hard to believe the hype but if they actually do build then who knows? A couple of property companies including Polaris World have announced modest building programmes for this year too. Given the glut in the market and fall off in prices its hard to see where they feel their buyers will come from as the Theme Park also intends to build residential properties. But feedback from residents on CdA 1 is that they have a pretty regular stream of viewers passing through the various Jardins so maybe people are taking advantage of low prices. As usual property agents report positively; but they say January was a ‘good’ month for sales and that February is matching it so far with some apartments selling at 50% of their original price. Is this all a red herring and false stimulation for the local property market?
