Valle de Luz is fully permitted and ready for construction and more infrastructure. The rainy season took it's normal toll on this project but our road crew is headed back into the property now that the summer is almost here.
VDL property owners should have received notice by now to have their corporations opened and prepare for title transfer. Monterra is transferring another 220 titles - just in VDL!
2012 will see the formation of Monterra's new building company which already has 10 homes to start early 2012. We will be posting progression photo's as these homes raise.
According to Costa Rica's development and permitting office, as of fall 2011 Monterra is now the largest owner of titled and permitted properties in the entire peninsula, and we're in the top 5 for the entire country. The Monterra team has worked very hard to achieve this as we've witnessed other developers stall as they try to build without these complicated permits. There are no shortcuts in this country! And we're happy for that.
With our upgrades to the Hotel Costa Coral and our union with powerhouse 'ACI' - Monterra has built new relationships with billion dollar marketing companies such as Groupon and Living Social who are populating the Hotel Costa Coral and driving
interest to our area. This has translated to more property sales and home building enthusiasm. OCR in Canada, will likely focus more on client administration for Monterra allowing these big
companies to
handle marketing for us in this new age of promotion. OCR seminars will continue but with focus on home building education with little emphasis on property sales. Our marketing partners will take over in this area.2012 and 2013 Monterra will be focusing 90% of it's efforts on construction and not land development. This coincides with our business plan for 2012 which put most of our emphasis on home and condo construction. Also this keeps our (the) property
market from inventory saturation allowing land pricing to climb closer to Chicago Title appraisal values, benefiting all. We still have many properties available but the prices will be climbing more dramatically over the next 2 years - and many will be sold with a building contract in place.
This is great time to be involved with our company. If you're considering building then please contact OCR (ask for a 'Architectural Agreement') before the holidays - we're limiting our home numbers in 2012, and already have commitments for 2013.
Monterra Developers,
