Need some advise from the experienced real estate investors regarding the subject. I am looking at buying a laguna apartment in pristine beach front view with a laguna as well. Newly developed project and is expected to complete by 2009.
Asking price is for USD 90,000 @ 150 Metre Square 2-3 rooms with 3 baths.
Leaseback option returning 6.5% guaranteed a year on price of purchase.
Units are all fully furnished and tastefully done as well, with yachting facilities plus commercial lots and bungalows to be completed at later phases.
Property is located 5 minit away from an island which is a major tourist attraction in the area.
Please advise whether this is a good opportunity and whether a freehold property like this will appreciate in value substancially in 5 years after completion.