Aug
30
2008
1

Ventana del Pacifico’s Phase 9 Passes Final Segregation

Our Phase 9 project, also known as Palm of the Tropic, just completed the last step in the long process of preparing a development for titles to transfer. It can take several years from the inception of a development, to getting permits to begin the infrastructure such as roads, water and electricity. All of our properties are registered to protect the buyer because of our obligation to provide these basic services. There are at least seven levels of approvals with different government branches and utilities that must be met prior to getting final segregation. With final segregation, the titles can be legally transferred to owners who have fully paid for their properties and we will be contacting them shortly. Also on the horizon are final approvals for Phase 10, or Natural Waterfall of Osa, as we wait for new water regulation approvals to be completed.

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